Company Registration No. 06464996 (England and Wales)
Radiant Architectural Lighting Limited
Unaudited accounts
for the year ended 31 January 2024
Radiant Architectural Lighting Limited
Unaudited accounts
Contents
Radiant Architectural Lighting Limited
Statement of financial position
as at 31 January 2024
Intangible assets
393,553
512,435
Inventories
483,270
409,768
Cash at bank and in hand
517,498
159,839
Creditors: amounts falling due within one year
(725,342)
(329,631)
Net current assets
731,461
402,994
Total assets less current liabilities
1,127,192
915,429
Creditors: amounts falling due after more than one year
(282,426)
(376,362)
Net assets
844,766
539,067
Called up share capital
100
100
Profit and loss account
844,666
538,967
Shareholders' funds
844,766
539,067
For the year ending 31 January 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 22 August 2024 and were signed on its behalf by
Mr D Morgan
Director
Company Registration No. 06464996
Radiant Architectural Lighting Limited
Notes to the Accounts
for the year ended 31 January 2024
Radiant Architectural Lighting Limited is a private company, limited by shares, registered in England and Wales, registration number 06464996. The registered office is 10 BROADBENT CLOSE, 20-22 HIGHGATE HIGH STREET, HIGHGATE LONDON, N6 5JW.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Intangible fixed assets comprising Research and Development costs are included at cost less accumulated amortisation. Intangible assets are amortised over 10 years.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% straight line
Expenditure on research and development was capitalised as an intangible asset in the year in which it is incurred. Research and development expenditure incurred in the year has been expensed.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Radiant Architectural Lighting Limited
Notes to the Accounts
for the year ended 31 January 2024
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Intangible fixed assets
Other
At 1 February 2023
1,188,824
At 31 January 2024
1,188,824
At 1 February 2023
676,389
Charge for the year
118,882
At 31 January 2024
795,271
At 31 January 2024
393,553
At 31 January 2023
512,435
Intangible assets comprise research and development costs related to the design and development of new products.
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Tangible fixed assets
Plant & machinery
Amounts falling due within one year
Trade debtors
153,391
54,404
Accrued income and prepayments
27,145
5,744
Other debtors
195,469
53,919
Radiant Architectural Lighting Limited
Notes to the Accounts
for the year ended 31 January 2024
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Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
107,501
9,769
Trade creditors
370,874
267,024
Taxes and social security
62,631
19,341
Other creditors
155,910
5,910
Loans from directors
28,426
27,587
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Creditors: amounts falling due after more than one year
2024
2023
Bank loans
127,341
221,277
Loans from directors
155,085
155,085
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
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Average number of employees
During the year the average number of employees was 8 (2023: 8).