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REGISTERED NUMBER: 07130921 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

FOR

MY HOME LIGHTING LIMITED

MY HOME LIGHTING LIMITED (REGISTERED NUMBER: 07130921)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MY HOME LIGHTING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTOR: Mr M Errington





REGISTERED OFFICE: Murrills House
48 East Street
Portchester
Hampshire
PO16 9XS





BUSINESS ADDRESS: 181A - 183A Barrack Road
Christchurch
Dorset
BH23 2AR





REGISTERED NUMBER: 07130921 (England and Wales)





ACCOUNTANTS: BK Plus Limited
Chartered Accountants
Murrills House
48 East Street
Portchester
Fareham
Hampshire
PO16 9XS

MY HOME LIGHTING LIMITED (REGISTERED NUMBER: 07130921)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 12,280 15,551

CURRENT ASSETS
Stocks 70,862 75,358
Debtors 5 12,027 8,017
Cash at bank and in hand 16,246 13,015
99,135 96,390
CREDITORS
Amounts falling due within one year 6 133,586 120,505
NET CURRENT LIABILITIES (34,451 ) (24,115 )
TOTAL ASSETS LESS CURRENT LIABILITIES (22,171 ) (8,564 )

CREDITORS
Amounts falling due after more than one year 7 20,000 25,000
NET LIABILITIES (42,171 ) (33,564 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (42,271 ) (33,664 )
SHAREHOLDERS' FUNDS (42,171 ) (33,564 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

MY HOME LIGHTING LIMITED (REGISTERED NUMBER: 07130921)

BALANCE SHEET - continued
31 JANUARY 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 April 2024 and were signed by:





Mr M Errington - Director


MY HOME LIGHTING LIMITED (REGISTERED NUMBER: 07130921)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024


1. STATUTORY INFORMATION

My Home Lighting Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

At the year end the company had an overdrawn balance sheet. The directors have agreed to continue to provide financial support to the company for at least 12 months from the date of signing the accounts. Therefore the accounts have been prepared on the going concern basis.

Turnover
Turnover represents amounts received for commercial and domestic lighting services.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - over the remainder of the lease
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


MY HOME LIGHTING LIMITED (REGISTERED NUMBER: 07130921)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's 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 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short and Motor Office
leasehold fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 February 2023
and 31 January 2024 15,259 35,194 25,000 10,577 86,030
DEPRECIATION
At 1 February 2023 15,259 29,026 20,255 5,939 70,479
Charge for year - 925 1,186 1,160 3,271
At 31 January 2024 15,259 29,951 21,441 7,099 73,750
NET BOOK VALUE
At 31 January 2024 - 5,243 3,559 3,478 12,280
At 31 January 2023 - 6,168 4,745 4,638 15,551

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,290 2,772
Other debtors 10,737 5,245
12,027 8,017

MY HOME LIGHTING LIMITED (REGISTERED NUMBER: 07130921)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 29,923 29,091
Taxation and social security 15,217 13,645
Other creditors 78,446 67,769
133,586 120,505

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other creditors 20,000 25,000

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 40,000 40,000

9. RELATED PARTY DISCLOSURES

The shareholders have made interest free loans to the company, to assist in the financing of the expansion of the company. At 31 January 2024 the sum owing to Mr M Errington was £29,580 (2023 £16,612) and to Mr P Tweedale £43,393 (2023 £43,690).