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Registered number: 11763280
Simple Lighting Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
APH Accountants Ltd
Chartered Management Accountants
259 Wallasey Village
Wallasey
Merseyside
CH45 3LR
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 11763280
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 1,209 1,458
Tangible Assets 5 23,565 95,606
24,774 97,064
CURRENT ASSETS
Stocks 6 755,819 573,978
Debtors 7 66,166 56,559
Cash at bank and in hand 326,242 239,549
1,148,227 870,086
Creditors: Amounts Falling Due Within One Year 8 (604,236 ) (472,985 )
NET CURRENT ASSETS (LIABILITIES) 543,991 397,101
TOTAL ASSETS LESS CURRENT LIABILITIES 568,765 494,165
Creditors: Amounts Falling Due After More Than One Year 9 (33,051 ) (41,106 )
NET ASSETS 535,714 453,059
CAPITAL AND RESERVES
Called up share capital 10 600 600
Profit and Loss Account 535,114 452,459
SHAREHOLDERS' FUNDS 535,714 453,059
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For the year ending 31 March 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Christopher Bawden
Director
29th November 2024
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Simple Lighting Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11763280 . The registered office is Unit 10, Appin Road, Birkenhead, Merseyside, CH41 9HH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are Domain Name It is amortised to profit and loss account over its estimated economic life of 10 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 0%
Plant & Machinery 20% on cost
Fixtures & Fittings 20% Straightline
Computer Equipment 25% Straightline
2.5. 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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 7 7
7 7
4. Intangible Assets
Other
£
Cost
As at 1 April 2023 2,500
As at 31 March 2024 2,500
Amortisation
As at 1 April 2023 1,042
Provided during the period 249
As at 31 March 2024 1,291
...CONTINUED
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Net Book Value
As at 31 March 2024 1,209
As at 1 April 2023 1,458
5. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2023 16,601 14,579 134,173 165,353
Additions 3,298 871 8,734 12,903
Disposals - (896 ) (101,601 ) (102,497 )
As at 31 March 2024 19,899 14,554 41,306 75,759
Depreciation
As at 1 April 2023 4,509 7,797 57,441 69,747
Provided during the period 3,396 3,188 6,779 13,363
Disposals - (710 ) (30,206 ) (30,916 )
As at 31 March 2024 7,905 10,275 34,014 52,194
Net Book Value
As at 31 March 2024 11,994 4,279 7,292 23,565
As at 1 April 2023 12,092 6,782 76,732 95,606
6. Stocks
2024 2023
£ £
Finished goods 755,819 573,978
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,698 14,306
Prepayments and accrued income 37,917 42,253
Other debtors 10,192 -
Directors' loan accounts 16,359 -
66,166 56,559
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8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 330,691 260,999
Bank loans and overdrafts 95,253 8,055
Corporation tax 71,487 29,308
Other taxes and social security 95,012 134,896
Other creditors - 149
Accruals and deferred income 11,793 3,131
Directors' loan accounts - 36,447
604,236 472,985
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 33,051 41,106
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 600 600
11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2023 Amounts advanced Amounts repaid Amounts written off As at 31 March 2024
£ £ £ £ £
Mrs Shirrell Bawden (36,446 ) 129,142 76,336 - 16,360
The above loan is unsecured, interest free and repayable on demand.
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