IRIS Accounts Production v24.2.0.383 08339494 Board of Directors Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh083394942023-03-31083394942024-03-31083394942023-04-012024-03-31083394942022-03-31083394942022-04-012023-03-31083394942023-03-3108339494ns15:EnglandWales2023-04-012024-03-3108339494ns14:PoundSterling2023-04-012024-03-3108339494ns10:Director12023-04-012024-03-3108339494ns10:Director22023-04-012024-03-3108339494ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3108339494ns10:SmallEntities2023-04-012024-03-3108339494ns10:AuditExemptWithAccountantsReport2023-04-012024-03-3108339494ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3108339494ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3108339494ns10:FullAccounts2023-04-012024-03-3108339494ns10:OrdinaryShareClass12023-04-012024-03-3108339494ns10:RegisteredOffice2023-04-012024-03-3108339494ns5:CurrentFinancialInstruments2024-03-3108339494ns5:CurrentFinancialInstruments2023-03-3108339494ns5:Non-currentFinancialInstruments2024-03-3108339494ns5:Non-currentFinancialInstruments2023-03-3108339494ns5:ShareCapital2024-03-3108339494ns5:ShareCapital2023-03-3108339494ns5:RetainedEarningsAccumulatedLosses2024-03-3108339494ns5:RetainedEarningsAccumulatedLosses2023-03-3108339494ns5:FurnitureFittings2023-04-012024-03-3108339494ns5:MotorVehicles2023-04-012024-03-3108339494ns5:ComputerEquipment2023-04-012024-03-3108339494ns5:FurnitureFittings2023-03-3108339494ns5:MotorVehicles2023-03-3108339494ns5:ComputerEquipment2023-03-3108339494ns5:FurnitureFittings2024-03-3108339494ns5:MotorVehicles2024-03-3108339494ns5:ComputerEquipment2024-03-3108339494ns5:FurnitureFittings2023-03-3108339494ns5:MotorVehicles2023-03-3108339494ns5:ComputerEquipment2023-03-3108339494ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-04-012024-03-3108339494ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2024-03-3108339494ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3108339494ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-3108339494ns10:OrdinaryShareClass12024-03-31
REGISTERED NUMBER: 08339494 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

CONCEPT LED LIGHTS LTD

CONCEPT LED LIGHTS LTD (REGISTERED NUMBER: 08339494)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 8

CONCEPT LED LIGHTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: M I K Webb
Mrs T J Webb





REGISTERED OFFICE: Market House
21 Lenten Street
Alton
Hampshire
GU34 1HG





REGISTERED NUMBER: 08339494 (England and Wales)





ACCOUNTANTS: Wettone Matthews Limited
Chartered Certified Accountants
Market House
21 Lenten Street
Alton
GU34 1HG

CONCEPT LED LIGHTS LTD (REGISTERED NUMBER: 08339494)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 33,948 16,305

CURRENT ASSETS
Stocks 5 2,000 4,000
Debtors 6 16,966 22,666
Cash at bank 44,950 51,171
63,916 77,837
CREDITORS
Amounts falling due within one year 7 42,330 37,401
NET CURRENT ASSETS 21,586 40,436
TOTAL ASSETS LESS CURRENT
LIABILITIES

55,534

56,741

CREDITORS
Amounts falling due after more than one
year

8

21,929

8,250
NET ASSETS 33,605 48,491

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 33,505 48,391
SHAREHOLDERS' FUNDS 33,605 48,491

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

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

CONCEPT LED LIGHTS LTD (REGISTERED NUMBER: 08339494)

BALANCE SHEET - continued
31 MARCH 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 October 2024 and were signed on its behalf by:




M I K Webb - Director



Mrs T J Webb - Director


CONCEPT LED LIGHTS LTD (REGISTERED NUMBER: 08339494)

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


1. STATUTORY INFORMATION

Concept LED Lights 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer 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 Income Statement, 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.

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.

Foreign currencies
Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

CONCEPT LED LIGHTS LTD (REGISTERED NUMBER: 08339494)

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


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 1,635 40,694 4,105 46,434
Additions 1,749 40,155 - 41,904
Disposals - (40,694 ) - (40,694 )
At 31 March 2024 3,384 40,155 4,105 47,644
DEPRECIATION
At 1 April 2023 1,179 27,753 1,197 30,129
Charge for year 551 10,039 730 11,320
Eliminated on disposal - (27,753 ) - (27,753 )
At 31 March 2024 1,730 10,039 1,927 13,696
NET BOOK VALUE
At 31 March 2024 1,654 30,116 2,178 33,948
At 31 March 2023 456 12,941 2,908 16,305

CONCEPT LED LIGHTS LTD (REGISTERED NUMBER: 08339494)

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


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 40,155
At 31 March 2024 40,155
DEPRECIATION
Charge for year 10,039
At 31 March 2024 10,039
NET BOOK VALUE
At 31 March 2024 30,116

5. STOCKS
2024 2023
£    £   
Stocks 2,000 4,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 16,864 22,261
Other debtors 102 405
16,966 22,666

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 3,000
Hire purchase contracts 1,936 -
Trade creditors 313 4,897
Taxation and social security 31,276 28,321
Other creditors 8,805 1,183
42,330 37,401

CONCEPT LED LIGHTS LTD (REGISTERED NUMBER: 08339494)

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


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 8,250
Hire purchase contracts 21,929 -
21,929 8,250

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

10. RELATED PARTY DISCLOSURES

During the year, a related party repaid the advanced balance of £303 (2023: £303 advanced). Interest has been charged at the official rate where applicable.

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
CONCEPT LED LIGHTS LTD


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Concept LED Lights Ltd for the year ended 31 March 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Concept LED Lights Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Concept LED Lights Ltd and state those matters that we have agreed to state to the Board of Directors of Concept LED Lights Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Concept LED Lights Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Concept LED Lights Ltd. You consider that Concept LED Lights Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Concept LED Lights Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Wettone Matthews Limited
Chartered Certified Accountants
Market House
21 Lenten Street
Alton
GU34 1HG


8 October 2024