Consolux Holdings Ltd 11733294 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is a non trading company. Digita Accounts Production Advanced 6.30.9574.0 true false true 11733294 2023-01-01 2023-12-31 11733294 2023-12-31 11733294 core:CurrentFinancialInstruments 2023-12-31 11733294 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 11733294 core:Non-currentFinancialInstruments 2023-12-31 11733294 core:Non-currentFinancialInstruments core:AfterOneYear 2023-12-31 11733294 core:OfficeEquipment 2023-12-31 11733294 bus:SmallEntities 2023-01-01 2023-12-31 11733294 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 11733294 bus:FilletedAccounts 2023-01-01 2023-12-31 11733294 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 11733294 bus:RegisteredOffice 2023-01-01 2023-12-31 11733294 bus:Director1 2023-01-01 2023-12-31 11733294 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 11733294 core:OfficeEquipment 2023-01-01 2023-12-31 11733294 countries:England 2023-01-01 2023-12-31 11733294 2022-12-31 11733294 core:CostValuation 2022-12-31 11733294 core:OfficeEquipment 2022-12-31 11733294 2022-01-01 2022-12-31 11733294 2022-12-31 11733294 core:CurrentFinancialInstruments 2022-12-31 11733294 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 11733294 core:Non-currentFinancialInstruments 2022-12-31 11733294 core:Non-currentFinancialInstruments core:AfterOneYear 2022-12-31 11733294 core:OfficeEquipment 2022-12-31 iso4217:GBP xbrli:pure

Registration number: 11733294

Consolux Holdings Ltd

Annual Report and Unaudited Filleted Financial Statements

for the Year Ended 31 December 2023

 

Consolux Holdings Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 8

 

Consolux Holdings Ltd

Company Information

Director

Mr Richard Jon Greenough

Registered office

7th Floor, Cotton House
Cotton Exchange Building
Old Hall Street
Liverpool
L3 9LQ

Accountants

GMR Accountants Ltd
1st Floor
8-12 London Street
Southport
Merseyside
PR9 0UE

 

Consolux Holdings Ltd

(Registration number: 11733294)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

3,703

6,878

Investments

5

2,129

2,129

 

5,832

9,007

Current assets

 

Debtors

6

176,158

67,010

Cash at bank and in hand

 

4

5,282

 

176,162

72,292

Creditors: Amounts falling due within one year

7

(148,835)

(58,346)

Net current assets

 

27,327

13,946

Total assets less current liabilities

 

33,159

22,953

Creditors: Amounts falling due after more than one year

7

(27,981)

(38,867)

Net assets/(liabilities)

 

5,178

(15,914)

Capital and reserves

 

Called up share capital

1,000

1,000

Retained earnings

4,178

(16,914)

Shareholders' funds/(deficit)

 

5,178

(15,914)

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 9 October 2024
 

.........................................
Mr Richard Jon Greenough
Director

 

Consolux Holdings Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
7th Floor, Cotton House
Cotton Exchange Building
Old Hall Street
Liverpool
L3 9LQ

These financial statements were authorised for issue by the director on 9 October 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Consolux Holdings Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office Equipment

25% Straight Line

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

Consolux Holdings Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

 

Consolux Holdings Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

4

Tangible assets

Office equipment
£

Total
£

Cost or valuation

At 1 January 2023

12,698

12,698

At 31 December 2023

12,698

12,698

Depreciation

At 1 January 2023

5,820

5,820

Charge for the year

3,175

3,175

At 31 December 2023

8,995

8,995

Carrying amount

At 31 December 2023

3,703

3,703

At 31 December 2022

6,878

6,878

5

Investments

2023
£

2022
£

Investments in subsidiaries

2,129

2,129

Subsidiaries

£

Cost or valuation

At 1 January 2023

2,129

Provision

Carrying amount

At 31 December 2023

2,129

At 31 December 2022

2,129

6

Debtors

Current

Note

2023
£

2022
£

Amounts owed by related parties

9

20,000

-

Other debtors

 

156,158

67,010

   

176,158

67,010

 

Consolux Holdings Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

7

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Amounts owed to group undertakings and undertakings in which the company has a participating interest

9

106,199

40,477

Taxation and social security

 

40,716

16,909

Accruals and deferred income

 

1,920

960

 

148,835

58,346

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

8

27,981

38,867

8

Loans and borrowings

Non-current loans and borrowings

2023
£

2022
£

Bank borrowings

27,981

38,867

 

Consolux Holdings Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

9

Related party transactions

Directors' Loan Account

At the Year End the director owed £117,772 (2022: £50,100) to the company.