LITE TRADING LIMITED

Company Registration Number:
11868648 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2024

Period of accounts

Start date: 1 April 2023

End date: 31 March 2024

LITE TRADING LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

LITE TRADING LIMITED

Directors' report period ended 31 March 2024

The directors present their report with the financial statements of the company for the period ended 31 March 2024

Directors

The director shown below has held office during the whole of the period from
1 April 2023 to 31 March 2024

John Lawrence


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
2 December 2024

And signed on behalf of the board by:
Name: John Lawrence
Status: Director

LITE TRADING LIMITED

Profit And Loss Account

for the Period Ended 31 March 2024

2024 2023


£

£
Turnover: 6,652,081 4,106,223
Cost of sales: ( 4,129,854 ) ( 2,710,027 )
Gross profit(or loss): 2,522,227 1,396,196
Distribution costs: ( 183,571 ) ( 131,072 )
Administrative expenses: ( 598,315 ) ( 335,814 )
Operating profit(or loss): 1,740,341 929,310
Profit(or loss) before tax: 1,740,341 929,310
Tax: ( 389,548 ) ( 168,132 )
Profit(or loss) for the financial year: 1,350,793 761,178

LITE TRADING LIMITED

Balance sheet

As at 31 March 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 821,548 610,340
Total fixed assets: 821,548 610,340
Current assets
Stocks: 4 1,784,557 633,743
Debtors: 5 1,150,240 711,496
Cash at bank and in hand: 274,628 232,743
Total current assets: 3,209,425 1,577,982
Creditors: amounts falling due within one year: 6 ( 721,685 ) ( 229,827 )
Net current assets (liabilities): 2,487,740 1,348,155
Total assets less current liabilities: 3,309,288 1,958,495
Total net assets (liabilities): 3,309,288 1,958,495
Capital and reserves
Called up share capital: 125,000 125,000
Profit and loss account: 3,184,288 1,833,495
Total Shareholders' funds: 3,309,288 1,958,495

The notes form part of these financial statements

LITE TRADING LIMITED

Balance sheet statements

For the year ending 31 March 2024 the company was entitled to exemption 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.

This report was approved by the board of directors on 2 December 2024
and signed on behalf of the board by:

Name: John Lawrence
Status: Director

The notes form part of these financial statements

LITE TRADING LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

LITE TRADING LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 15 12

LITE TRADING LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 April 2023 215,000 106,049 78,105 82,949 289,281 771,384
Additions 25,487 54,298 145,218 204,380 429,383
Disposals
Revaluations
Transfers
At 31 March 2024 215,000 131,536 132,403 228,167 493,661 1,200,767
Depreciation
At 1 April 2023 18,051 25,698 32,580 84,715 161,044
Charge for year 26,307 26,480 45,633 119,755 218,175
On disposals
Other adjustments
At 31 March 2024 44,358 52,178 78,213 204,470 379,219
Net book value
At 31 March 2024 215,000 87,178 80,225 149,954 289,191 821,548
At 31 March 2023 215,000 87,998 52,407 50,369 204,566 610,340

LITE TRADING LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Stocks

2024 2023
£ £
Stocks 1,784,557 633,743
Total 1,784,557 633,743

LITE TRADING LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

5. Debtors

2024 2023
£ £
Trade debtors 1,150,240 711,496
Total 1,150,240 711,496

LITE TRADING LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

6. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 280,919 61,695
Taxation and social security 440,766 168,132
Total 721,685 229,827