1 false false false false false false false false false false true false false false false false false No description of principal activity 2023-04-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 05968685 2023-04-01 2024-03-31 05968685 2024-03-31 05968685 2023-03-31 05968685 2022-04-01 2023-03-31 05968685 2023-03-31 05968685 2022-03-31 05968685 core:FurnitureFittings 2023-04-01 2024-03-31 05968685 bus:Director1 2023-04-01 2024-03-31 05968685 bus:Director2 2023-04-01 2024-03-31 05968685 core:FurnitureFittings 2023-03-31 05968685 core:FurnitureFittings 2024-03-31 05968685 core:WithinOneYear 2024-03-31 05968685 core:WithinOneYear 2023-03-31 05968685 core:AfterOneYear 2024-03-31 05968685 core:AfterOneYear 2023-03-31 05968685 core:ShareCapital 2024-03-31 05968685 core:ShareCapital 2023-03-31 05968685 core:RetainedEarningsAccumulatedLosses 2024-03-31 05968685 core:RetainedEarningsAccumulatedLosses 2023-03-31 05968685 core:FurnitureFittings 2023-03-31 05968685 bus:Director1 2023-03-31 05968685 bus:Director1 2024-03-31 05968685 bus:Director2 2023-03-31 05968685 bus:Director2 2024-03-31 05968685 bus:Director1 2022-03-31 05968685 bus:Director1 2023-03-31 05968685 bus:Director2 2022-03-31 05968685 bus:Director2 2023-03-31 05968685 bus:Director2 2022-04-01 2023-03-31 05968685 bus:SmallEntities 2023-04-01 2024-03-31 05968685 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 05968685 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 05968685 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 05968685 bus:FullAccounts 2023-04-01 2024-03-31 05968685 core:OfficeEquipment 2023-04-01 2024-03-31 05968685 core:OfficeEquipment 2024-03-31 05968685 core:OfficeEquipment 2023-03-31
COMPANY REGISTRATION NUMBER: 05968685
Illumin-Nation Limited
Filleted Unaudited Financial Statements
31 March 2024
Illumin-Nation Limited
Statement of Financial Position
31 March 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
5
1,753
2,062
Current assets
Stocks
24,623
27,856
Debtors
6
957
1,228
Cash at bank and in hand
5,432
9,575
--------
--------
31,012
38,659
Creditors: amounts falling due within one year
7
15,465
21,691
--------
--------
Net current assets
15,547
16,968
--------
--------
Total assets less current liabilities
17,300
19,030
Creditors: amounts falling due after more than one year
8
2,940
4,298
--------
--------
Net assets
14,360
14,732
--------
--------
Capital and reserves
Called up share capital
100
100
Profit and loss account
14,260
14,632
--------
--------
Shareholders funds
14,360
14,732
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Illumin-Nation Limited
Statement of Financial Position (continued)
31 March 2024
These financial statements were approved by the board of directors and authorised for issue on 17 October 2024 , and are signed on behalf of the board by:
Mr T M Priddle
Director
Company registration number: 05968685
Illumin-Nation Limited
Notes to the Financial Statements
Year ended 31 March 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 5 Minton Place, Victoria Road, Bicester, Oxon, OX26 6QB.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
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.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixture and fittings
-
15% reducing balance
Office equipment
-
15% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).
5. Tangible assets
Fixtures and fittings
Equipment
Total
£
£
£
Cost
At 1 April 2023 and 31 March 2024
5,670
333
6,003
-------
----
-------
Depreciation
At 1 April 2023
3,733
208
3,941
Charge for the year
290
19
309
-------
----
-------
At 31 March 2024
4,023
227
4,250
-------
----
-------
Carrying amount
At 31 March 2024
1,647
106
1,753
-------
----
-------
At 31 March 2023
1,937
125
2,062
-------
----
-------
6. Debtors
2024
2023
£
£
Other debtors
957
1,228
----
-------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
1,491
1,491
Trade creditors
8,511
9,640
Corporation tax
45
45
Social security and other taxes
234
82
Other creditors
5,184
10,433
--------
--------
15,465
21,691
--------
--------
8. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
2,940
4,298
-------
-------
9. Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2024
Balance brought forward
Advances/ (credits) to the directors
Amounts repaid
Balance outstanding
£
£
£
£
Mr T M Priddle
( 6,939)
( 6,939)
Mr A Priddle
( 2,270)
15,157
( 10,200)
2,687
-------
--------
--------
-------
( 9,209)
15,157
( 10,200)
( 4,252)
-------
--------
--------
-------
2023
Balance brought forward
Advances/ (credits) to the directors
Amounts repaid
Balance outstanding
£
£
£
£
Mr T M Priddle
( 6,939)
( 6,939)
Mr A Priddle
( 6,874)
14,804
( 10,200)
( 2,270)
--------
--------
--------
-------
( 13,813)
14,804
( 10,200)
( 9,209)
--------
--------
--------
-------