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REGISTERED NUMBER: 08692472 (England and Wales)





























Unaudited Financial Statements for the Year Ended 30 September 2024

for

Phil Wiffen Light Design Ltd

Phil Wiffen Light Design Ltd (Registered number: 08692472)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Phil Wiffen Light Design Ltd

Company Information
for the Year Ended 30 September 2024







DIRECTOR: Mr Philip Andrew Wiffen



SECRETARY: Mrs Karen Margaret Wiffen



REGISTERED OFFICE: 14 Horseshoe Drive
Sewerby
Bridlington
East Yorkshire
YO15 1EN



REGISTERED NUMBER: 08692472 (England and Wales)



ACCOUNTANTS: DonnellyBentley Limited
Chartered Accountants
Hazlemere
70 Chorley New Road
Bolton
Lancashire
BL1 4BY



BANKERS: HSBC Bank plc

Phil Wiffen Light Design Ltd (Registered number: 08692472)

Balance Sheet
30 September 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 - 676

CURRENT ASSETS
Debtors 5 - 273
Prepayments and accrued income 3,825 2,021
Cash at bank 12,047 6,052
15,872 8,346
CREDITORS
Amounts falling due within one year 6 (5,315 ) (6,751 )
NET CURRENT ASSETS 10,557 1,595
TOTAL ASSETS LESS CURRENT
LIABILITIES

10,557

2,271

CREDITORS
Amounts falling due after more than one
year

7

(1,019

)

(2,041

)

PROVISIONS FOR LIABILITIES 8 - (128 )
NET ASSETS 9,538 102

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 9,438 2
SHAREHOLDERS' FUNDS 9,538 102

Phil Wiffen Light Design Ltd (Registered number: 08692472)

Balance Sheet - continued
30 September 2024


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

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

The director acknowledges his 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.

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 director and authorised for issue on 29 November 2024 and were signed by:





Mr Philip Andrew Wiffen - Director


Phil Wiffen Light Design Ltd (Registered number: 08692472)

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

1. STATUTORY INFORMATION

Phil Wiffen Light Design 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 represents the total invoice value, excluding value added tax, of work done during the year and derives from the provision of goods and services falling within the company's ordinary activities.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Phil Wiffen Light Design Ltd (Registered number: 08692472)

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

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 October 2023
and 30 September 2024 2,029
DEPRECIATION
At 1 October 2023 1,353
Charge for year 676
At 30 September 2024 2,029
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 676

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Directors' loan accounts - 273

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 1,000 950
Corporation tax 3,280 4,899
Directors' loan accounts 13 -
Accruals and deferred income 1,022 902
5,315 6,751

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 1,019 950
Bank loans - 2-5 years - 1,091
1,019 2,041

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax - 128

Phil Wiffen Light Design Ltd (Registered number: 08692472)

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

8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 October 2023 128
Credit to Statement of Income and Retained Earnings during year (128 )
Balance at 30 September 2024 -

9. CALLED UP SHARE CAPITAL

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