IRIS Accounts Production v24.1.0.578 08699734 director 1.4.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh086997342023-03-31086997342024-03-31086997342023-04-012024-03-31086997342022-03-31086997342022-04-012023-03-31086997342023-03-3108699734ns15:EnglandWales2023-04-012024-03-3108699734ns14:PoundSterling2023-04-012024-03-3108699734ns10:Director12023-04-012024-03-3108699734ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3108699734ns10:SmallEntities2023-04-012024-03-3108699734ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3108699734ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3108699734ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3108699734ns10:FullAccounts2023-04-012024-03-3108699734ns5:CurrentFinancialInstruments2024-03-3108699734ns5:CurrentFinancialInstruments2023-03-3108699734ns5:Non-currentFinancialInstruments2024-03-3108699734ns5:Non-currentFinancialInstruments2023-03-3108699734ns5:ShareCapital2024-03-3108699734ns5:ShareCapital2023-03-3108699734ns5:RetainedEarningsAccumulatedLosses2024-03-3108699734ns5:RetainedEarningsAccumulatedLosses2023-03-3108699734ns5:PlantMachinery2023-04-012024-03-3108699734ns5:MotorVehicles2023-04-012024-03-3108699734ns5:ComputerEquipment2023-04-012024-03-3108699734ns5:PlantMachinery2023-03-3108699734ns5:MotorVehicles2023-03-3108699734ns5:ComputerEquipment2023-03-3108699734ns5:PlantMachinery2024-03-3108699734ns5:MotorVehicles2024-03-3108699734ns5:ComputerEquipment2024-03-3108699734ns5:PlantMachinery2023-03-3108699734ns5:MotorVehicles2023-03-3108699734ns5:ComputerEquipment2023-03-3108699734ns5:RetainedEarningsAccumulatedLosses2023-03-3108699734ns5:RetainedEarningsAccumulatedLosses2023-04-012024-03-31
REGISTERED NUMBER: 08699734 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Finberg Lighting Limited

Finberg Lighting Limited (Registered number: 08699734)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


Finberg Lighting Limited (Registered number: 08699734)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 33,231 20,438

CURRENT ASSETS
Debtors 5 85 -
Cash at bank 10,669 27,341
10,754 27,341
CREDITORS
Amounts falling due within one year 6 34,694 28,668
NET CURRENT LIABILITIES (23,940 ) (1,327 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,291

19,111

CREDITORS
Amounts falling due after more than one
year

7

-

(1,751

)

PROVISIONS FOR LIABILITIES (7,368 ) (3,883 )
NET ASSETS 1,923 13,477

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 8 1,823 13,377
1,923 13,477

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Finberg Lighting Limited (Registered number: 08699734)

Balance Sheet - continued
31 March 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 8 October 2024 and were signed by:





Mr S Finberg - Director


Finberg Lighting Limited (Registered number: 08699734)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Finberg Lighting Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 08699734 and its registered address is 2nd Floor, Heathman's House, 19 Heathman's Road, London, England, SW6 4TJ.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable to the Micro-entities Regime.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. In the opinion of the directors there are no judgements or key sources of estimation uncertainty that affect the preparation of the financial statements.

Turnover
Turnover is stated net of VAT. Turnover represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due. Where a contract has only been partially completed at the balance sheet date, turnover represents the value of the services provided to date based on a proportion of the total contract value. Where payments are received from customers in advance of services provided, the amounts are recorded as Deferred Income and included as part of Creditors due within one year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost
Motor vehicles - 50% on cost
Computer equipment - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Finberg Lighting Limited (Registered number: 08699734)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company makes payments to a defined contribution pension scheme. Contributions payable to the pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 125,070 33,406 22,593 181,069
Additions 17,760 - 6,375 24,135
At 31 March 2024 142,830 33,406 28,968 205,204
DEPRECIATION
At 1 April 2023 110,479 33,406 16,746 160,631
Charge for year 8,105 - 3,237 11,342
At 31 March 2024 118,584 33,406 19,983 171,973
NET BOOK VALUE
At 31 March 2024 24,246 - 8,985 33,231
At 31 March 2023 14,591 - 5,847 20,438

Finberg Lighting Limited (Registered number: 08699734)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.24 31.3.23
£    £   
Prepayments and accrued income 85 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 114 -
Tax 21,582 18,327
VAT 6,211 1,437
Loan 1,751 7,003
Directors' current accounts 2,852 411
Accruals and deferred income 2,184 1,490
34,694 28,668

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.24 31.3.23
£    £   
Loan - 1,751

8. RESERVES
Retained
earnings
£   

At 1 April 2023 13,377
Profit for the year 83,320
Dividends (94,874 )
At 31 March 2024 1,823

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included within the year end creditors balance is an amount owed to the director by the company of £3,090 (2023: £411). During the year, the company made advances to a director amounting to £7,700 (2023: £24,647). The company received repayments of £10,379 (2023: £34,497). The outstanding balance is unsecured, not subject to interest and payable on demand