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Registered number: 09142952
Dazzling Lights Limited
Financial Statements
For The Year Ended 31 July 2024
Effective Accounting Solutions Ltd
Contents
Page
Company Information 1
Accountant's Report 2
Balance Sheet 3—4
Statement of Changes in Equity 5
Notes to the Financial Statements 6—8
Page 1
Company Information
Directors Mr Pawel Polak
Ms Katie Ralph
Company Number 09142952
Registered Office 25 Bateman Road
Croxley Green
Rickmansworth
Hertfordshire
WD3 3BL
Accountants Effective Accounting Solutions Ltd
1 The Willows
Mill Farm Courtyard
Beachampton
Bucks
MK19 6DS
Page 1
Page 2
Accountant's Report
Report to the directors on the preparation of the unaudited statutory accounts of Dazzling Lights Limited For The Year Ended 31 July 2024
To assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Dazzling Lights Limited which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the directors of Dazzling Lights Limited , as a body, in accordance with the terms of our engagement letter dated 01 May 2022. Our work has been undertaken solely to prepare for your approval the accounts of Dazzling Lights Limited and state those matters that we have agreed to state to the directors of Dazzling Lights Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Dazzling Lights Limited and its directors as a body for our work or for this report.
It is your duty to ensure that Dazzling Lights Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Dazzling Lights Limited . You consider that Dazzling Lights Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Dazzling Lights Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
14 October 2024
Effective Accounting Solutions Ltd
1 The Willows
Mill Farm Courtyard
Beachampton
Bucks
MK19 6DS
Page 2
Page 3
Balance Sheet
Registered number: 09142952
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 13,083 17,215
13,083 17,215
CURRENT ASSETS
Stocks and Work in Progress 5 1,617 -
Debtors 6 5,287 10,076
Cash at bank and in hand 98,974 128,066
105,878 138,142
Creditors: Amounts Falling Due Within One Year 7 (33,376 ) (49,334 )
NET CURRENT ASSETS (LIABILITIES) 72,502 88,808
TOTAL ASSETS LESS CURRENT LIABILITIES 85,585 106,023
PROVISIONS FOR LIABILITIES
Deferred Taxation (2,748 ) (3,529 )
NET ASSETS 82,837 102,494
CAPITAL AND RESERVES
Called up share capital 8 11 11
Profit and Loss Account 82,826 102,483
SHAREHOLDERS' FUNDS 82,837 102,494
Page 3
Page 4
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Pawel Polak
Director
14 October 2024
The notes on pages 6 to 8 form part of these financial statements.
Page 4
Page 5
Statement of Changes in Equity
Share Capital Profit and Loss Account Total
£ £ £
As at 1 August 2022 11 56,633 56,644
Profit for the year and total comprehensive income - 107,451 107,451
Dividends paid - (61,601) (61,601)
As at 31 July 2023 and 1 August 2023 11 102,483 102,494
Profit for the year and total comprehensive income - 55,743 55,743
Dividends paid - (75,400) (75,400)
As at 31 July 2024 11 82,826 82,837
Page 5
Page 6
Notes to the Financial Statements
1. General Information
Dazzling Lights Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09142952 . The registered office is 25 Bateman Road, Croxley Green, Rickmansworth, Hertfordshire, WD3 3BL.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

The financial statements are prepared in Pounds Sterling as this is the functional currency and currency of the primary economic environment in which the company operates. Monetary amounts in these financial statements are rounded to the nearest £.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% on Cost
Computer Equipment 25% on Cost
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
...CONTINUED
Page 6
Page 7
2.5. Taxation - continued
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 August 2023 18,072 10,106 28,178
Additions 1,202 1,433 2,635
As at 31 July 2024 19,274 11,539 30,813
Depreciation
As at 1 August 2023 6,594 4,369 10,963
Provided during the period 4,571 2,196 6,767
As at 31 July 2024 11,165 6,565 17,730
Net Book Value
As at 31 July 2024 8,109 4,974 13,083
As at 1 August 2023 11,478 5,737 17,215
5. Stocks and Work in Progress
2024 2023
£ £
Work in progress 1,617 -
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 5,287 9,881
Prepayments and accrued income - 195
5,287 10,076
Page 7
Page 8
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 16,203 27,727
VAT 5,963 4,907
Other creditors 121 2,864
Directors' loan accounts 11,089 13,836
33,376 49,334
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 11 11
Page 8