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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
Page
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Radiant Architectural Lighting Limited Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
393,553 
512,435 
Tangible assets
2,178 
- 
395,731 
512,435 
Current assets
Inventories
483,270 
409,768 
Debtors
456,035 
163,018 
Cash at bank and in hand
517,498 
159,839 
1,456,803 
732,625 
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 
Capital and reserves
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
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Radiant Architectural Lighting Limited Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
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.
2
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
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
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
Research and development
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.
Foreign exchange
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.
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Radiant Architectural Lighting Limited Notes to the Accounts for the year ended 31 January 2024
Pension costs
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.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 February 2023
1,188,824 
At 31 January 2024
1,188,824 
Amortisation
At 1 February 2023
676,389 
Charge for the year
118,882 
At 31 January 2024
795,271 
Net book value
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.
5
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 February 2023
35,734 
Additions
2,723 
At 31 January 2024
38,457 
Depreciation
At 1 February 2023
35,734 
Charge for the year
545 
At 31 January 2024
36,279 
Net book value
At 31 January 2024
2,178 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
80,030 
48,951 
Trade debtors
153,391 
54,404 
Accrued income and prepayments
27,145 
5,744 
Other debtors
195,469 
53,919 
456,035 
163,018 
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Radiant Architectural Lighting Limited Notes to the Accounts for the year ended 31 January 2024
7
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 
725,342 
329,631 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
127,341 
221,277 
Loans from directors
155,085 
155,085 
282,426 
376,362 
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
10
Average number of employees
During the year the average number of employees was 8 (2023: 8).
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