IRIS Accounts Production v24.3.0.553 07278952 Board of Directors 1.5.23 30.4.24 30.4.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh072789522023-04-30072789522024-04-30072789522023-05-012024-04-30072789522022-04-30072789522022-05-012023-04-30072789522023-04-3007278952ns15:EnglandWales2023-05-012024-04-3007278952ns14:PoundSterling2023-05-012024-04-3007278952ns10:Director12023-05-012024-04-3007278952ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3007278952ns10:SmallEntities2023-05-012024-04-3007278952ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-3007278952ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3007278952ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3007278952ns10:FullAccounts2023-05-012024-04-300727895212023-05-012024-04-3007278952ns10:Director22023-05-012024-04-3007278952ns10:Director32023-05-012024-04-3007278952ns10:Director42023-05-012024-04-3007278952ns10:RegisteredOffice2023-05-012024-04-3007278952ns5:CurrentFinancialInstruments2024-04-3007278952ns5:CurrentFinancialInstruments2023-04-3007278952ns5:ShareCapital2024-04-3007278952ns5:ShareCapital2023-04-3007278952ns5:RetainedEarningsAccumulatedLosses2024-04-3007278952ns5:RetainedEarningsAccumulatedLosses2023-04-3007278952ns5:NetGoodwill2023-05-012024-04-3007278952ns5:PlantMachinery2023-05-012024-04-3007278952ns5:FurnitureFittings2023-05-012024-04-3007278952ns5:NetGoodwill2023-04-3007278952ns5:NetGoodwill2024-04-3007278952ns5:NetGoodwill2023-04-3007278952ns5:ShortLeaseholdAssetsns5:LandBuildings2023-04-3007278952ns5:PlantMachinery2023-04-3007278952ns5:FurnitureFittings2023-04-3007278952ns5:ShortLeaseholdAssetsns5:LandBuildings2023-05-012024-04-3007278952ns5:ShortLeaseholdAssetsns5:LandBuildings2024-04-3007278952ns5:PlantMachinery2024-04-3007278952ns5:FurnitureFittings2024-04-3007278952ns5:ShortLeaseholdAssetsns5:LandBuildings2023-04-3007278952ns5:PlantMachinery2023-04-3007278952ns5:FurnitureFittings2023-04-3007278952ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-04-3007278952ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-04-30
REGISTERED NUMBER: 07278952 (England and Wales)










Unaudited Financial Statements

for the Year Ended 30 April 2024

for

Lumisi Ltd

Lumisi Ltd (Registered number: 07278952)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Lumisi Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTORS: Mr S L Barnard
Mr L Gooding
Mr R T Barnard
Mrs J Barnard





REGISTERED OFFICE: Bank Farm Buildings
Chester Road
Aldford
Chester
Cheshire
CH3 6HJ





REGISTERED NUMBER: 07278952 (England and Wales)





ACCOUNTANTS: Haines Watts
Military House
24 Castle Street
Chester
Cheshire
CH1 2DS

Lumisi Ltd (Registered number: 07278952)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 44,213 42,318
44,213 42,318

CURRENT ASSETS
Stocks 4,983 4,468
Debtors 6 93,972 79,438
Cash at bank 73,221 104,195
172,176 188,101
CREDITORS
Amounts falling due within one year 7 206,751 220,677
NET CURRENT LIABILITIES (34,575 ) (32,576 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,638

9,742

PROVISIONS FOR LIABILITIES 9,534 8,040
NET ASSETS 104 1,702

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 4 1,602
104 1,702

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Lumisi Ltd (Registered number: 07278952)

Balance Sheet - continued
30 April 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 Board of Directors and authorised for issue on 6 November 2024 and were signed on its behalf by:





Mr L Gooding - Director


Lumisi Ltd (Registered number: 07278952)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Lumisi Ltd 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.

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.

The financial statements are presented in sterling which is the functional currency of the company, rounded to the nearest £1.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding rebates, discounts, value added tax and other sales taxes. Turnover from the rendering of services is recognised by the stage of completion of the contract.

Goodwill
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Goodwill, being the amount paid in connection with the acquisition of a business in 2011, was previously amortised evenly over its estimated useful life of twenty years. In accordance with FRS 102 the goodwill from 1 May 2016 is now being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 33% on cost and 25% on reducing balance
Fixtures and fittings - 25% on reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Work in progress is stated at estimated realisable value, after providing for non-recoverable amounts. Work in progress represents unbilled revenue.

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.


Lumisi Ltd (Registered number: 07278952)

Notes to the Financial Statements - continued
for the Year Ended 30 April 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 13 (2023 - 15 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 65,000
AMORTISATION
At 1 May 2023
and 30 April 2024 65,000
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

Lumisi Ltd (Registered number: 07278952)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings Totals
£    £    £    £   
COST
At 1 May 2023 1,124 84,131 17,379 102,634
Additions - 9,369 10,839 20,208
Disposals (1,124 ) - (7,551 ) (8,675 )
At 30 April 2024 - 93,500 20,667 114,167
DEPRECIATION
At 1 May 2023 - 51,174 9,142 60,316
Charge for year - 11,547 4,478 16,025
Eliminated on disposal - - (6,387 ) (6,387 )
At 30 April 2024 - 62,721 7,233 69,954
NET BOOK VALUE
At 30 April 2024 - 30,779 13,434 44,213
At 30 April 2023 1,124 32,957 8,237 42,318

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 77,183 54,615
Other debtors 16,789 24,823
93,972 79,438

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors 25,002 35,848
Taxation and social security 61,328 38,262
Other creditors 120,421 146,567
206,751 220,677

8. OTHER FINANCIAL COMMITMENTS

At 30 April 2024, the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods :

20242023
Less than one year-3,350
Later than one and not later than five years219,98329,937
Later than 5 years-143,640


Lumisi Ltd (Registered number: 07278952)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

9. RELATED PARTY DISCLOSURES

The directors loaned to the company a total of £1,176 and were repaid a total of £1,283 in the period. The balance owing to the directors at 30 April 2024 is £258 (2023 - £365).

The shareholders were repaid a total of £153 in the year. The balance owing to the shareholders at 30 April 2024 was £1,391 (2023 - £1,544).