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Company Registration No. 11853973 (England and Wales)
DOWNLIGHT ELECTRICAL LTD Unaudited accounts for the year ended 31 March 2024
DOWNLIGHT ELECTRICAL LTD Unaudited accounts Contents
Page
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DOWNLIGHT ELECTRICAL LTD Company Information for the year ended 31 March 2024
Directors
Charles Snowdon Lee Attard
Company Number
11853973 (England and Wales)
Registered Office
16 Northfield Road Church Crookham Fleet GU52 6ED
Accountants
1ST CALL ACCOUNTS LTD 15 ROWHILL AVENUE ALDERSHOT HAMPSHIRE GU11 3LU
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DOWNLIGHT ELECTRICAL LTD Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
126,443 
97,601 
Current assets
Inventories
72,772 
66,059 
Debtors
200,470 
113,745 
Cash at bank and in hand
14,187 
- 
287,429 
179,804 
Creditors: amounts falling due within one year
(249,742)
(151,807)
Net current assets
37,687 
27,997 
Total assets less current liabilities
164,130 
125,598 
Creditors: amounts falling due after more than one year
(129,959)
(105,430)
Provisions for liabilities
Deferred tax
(29,121)
(18,543)
Net assets
5,050 
1,625 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
4,950 
1,525 
Shareholders' funds
5,050 
1,625 
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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 of Directors and authorised for issue on 28 November 2024 and were signed on its behalf by
Charles Snowdon Director Company Registration No. 11853973
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DOWNLIGHT ELECTRICAL LTD Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
DOWNLIGHT ELECTRICAL LTD is a private company, limited by shares, registered in England and Wales, registration number 11853973. The registered office is 16 Northfield Road, Church Crookham, Fleet, GU52 6ED.
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.
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.
Land & buildings
10% Staright Line
Plant & machinery
25% Straight Line
Leased and hire purchase assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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.
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.
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DOWNLIGHT ELECTRICAL LTD Notes to the Accounts for the year ended 31 March 2024
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 April 2023
145,461 
Additions
63,295 
At 31 March 2024
208,756 
Depreciation
At 1 April 2023
47,860 
Charge for the year
34,453 
At 31 March 2024
82,313 
Net book value
At 31 March 2024
126,443 
At 31 March 2023
97,601 
5
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
6
Operating lease commitments
2024 
2023 
£ 
£ 
At 31 March 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
4,824 
5,216 
Later than one year and not later than five years
3,215 
- 
8,039 
5,216 
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DOWNLIGHT ELECTRICAL LTD Notes to the Accounts for the year ended 31 March 2024
7
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Lee Attard
Overdrawn Director's Loan Account
- 
2,503 
- 
2,503 
- 
2,503 
- 
2,503 
8
Transactions with related parties
The company paid £72,000 (2023 £6,000) dividends to the directors The company paid £17,256 (2023 £17,417) salary to the directors
9
Average number of employees
During the year the average number of employees was 14 (2023: 12).
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