Principal Lighting ( Decorative ) Limited 15024510 false 2023-08-01 2024-07-31 2024-07-31 The principal activity of the company is retail of lighting products Digita Accounts Production Advanced 6.30.9574.0 true 15024510 2023-08-01 2024-07-31 15024510 2024-07-31 15024510 core:CurrentFinancialInstruments 2024-07-31 15024510 core:CurrentFinancialInstruments core:WithinOneYear 2024-07-31 15024510 bus:SmallEntities 2023-08-01 2024-07-31 15024510 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 15024510 bus:FullAccounts 2023-08-01 2024-07-31 15024510 bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 15024510 bus:RegisteredOffice 2023-08-01 2024-07-31 15024510 bus:Director1 2023-08-01 2024-07-31 15024510 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 15024510 countries:AllCountries 2023-08-01 2024-07-31 iso4217:GBP xbrli:pure

Registration number: 15024510

Principal Lighting ( Decorative ) Limited

Unaudited Financial Statements

for the Year Ended 31 July 2024

 

Principal Lighting ( Decorative ) Limited

(Registration number: 15024510)

Balance Sheet as at 31 July 2024

Note

2024
£

Current assets

 

Debtors

3

17,282

Cash at bank and in hand

 

4,071

 

21,353

Creditors: Amounts falling due within one year

4

(12,583)

Net assets

 

8,770

Capital and reserves

 

Called up share capital

100

Profit and loss account

8,670

Shareholders' funds

 

8,770

For the financial 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.

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 and the option not to file the Profit and Loss Account has been taken.

These financial statements, which 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 and in accordance with the provisions of FRS 102 Section 1A Small Entities, were approved and authorised for issue by the director on 17 October 2024
 

.........................................

Mr W J R Jubb
Director

 

Principal Lighting ( Decorative ) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

1

Accounting policies

Principal Lighting ( Decorative ) Limited is a private company, limited by shares, domiciled in England and Wales, company number 15024510. The registered office is at Unit 22 West Moor Park Network Centre, Yorkshire Way, Armthorpe, Doncaster, South Yorkshire, DN3 3GW.

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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

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. The presentation currency is United Kingdom pounds sterling, which is the functional currency of the company. The financial statements are those of an individual entity.

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.

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.

2

Staff numbers

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

3

Debtors

 

Principal Lighting ( Decorative ) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

2024
£

Trade debtors

14,331

Prepayments

91

Other debtors

2,860

17,282

4

Creditors

2024
£

Due within one year

Trade creditors

7,643

Taxation and social security

3,690

Accruals and deferred income

1,250

12,583