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REGISTERED NUMBER: 00413143 (England and Wales)


















Lightowler Limited

Unaudited Financial Statements

for the Period 1st December 2023 to 31st August 2024






Lightowler Limited (Registered number: 00413143)






Contents of the Financial Statements
for the period 1st December 2023 to 31st August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Lightowler Limited

Company Information
for the period 1st December 2023 to 31st August 2024







DIRECTORS: P J Dorsett
Mrs C M Dorsett
D P Atkinson
T C Davison





REGISTERED OFFICE: 1 Bridge View Office Park
Henry Boot Way
Hull
HU4 7DW





REGISTERED NUMBER: 00413143 (England and Wales)





ACCOUNTANTS: Smailes Goldie
Chartered Accountants
Regent's Court
Princess Street
Hull
East Yorkshire HU2 8BA

Lightowler Limited (Registered number: 00413143)

Balance Sheet
31st August 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 22,414 26,116
Tangible assets 5 129,627 146,909
Investments 6 10,000 10,000
162,041 183,025

CURRENT ASSETS
Stocks 2,705 3,541
Debtors 7 1,022,788 1,023,447
1,025,493 1,026,988
CREDITORS
Amounts falling due within one year 8 796,019 777,093
NET CURRENT ASSETS 229,474 249,895
TOTAL ASSETS LESS CURRENT
LIABILITIES

391,515

432,920

CREDITORS
Amounts falling due after more than one
year

9

(106,969

)

(165,069

)

PROVISIONS FOR LIABILITIES (13,437 ) (16,973 )
NET ASSETS 271,109 250,878

CAPITAL AND RESERVES
Called up share capital 12 180,000 180,000
Other reserves 2,294 2,294
Retained earnings 88,815 68,584
SHAREHOLDERS' FUNDS 271,109 250,878

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31st August 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.

Lightowler Limited (Registered number: 00413143)

Balance Sheet - continued
31st August 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 16th December 2024 and were signed on its behalf by:





P J Dorsett - Director


Lightowler Limited (Registered number: 00413143)

Notes to the Financial Statements
for the period 1st December 2023 to 31st August 2024

1. STATUTORY INFORMATION

Lightowler Limited 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared on a going concern basis under the historical cost convention.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover is the amount, excluding value added tax, receivable in the ordinary course of business for goods supplied as a principal and for services provided. In the case of long term contracts turnover is calculated on the basis of the value of work executed during the year.

Goodwill
Goodwill is written off evenly over its estimated economic life of 19 years and is stated in the balance sheet at cost less amounts written off. No amortisation is charged in the year of acquisition.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery - between 2 and 10 years
Motor vehicles - between 4 and 5 years

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the period 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 period 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.

Lightowler Limited (Registered number: 00413143)

Notes to the Financial Statements - continued
for the period 1st December 2023 to 31st August 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company, along with other companies formed on the reorganisation of Lightowler Limited, operates a defined contribution scheme for its directors and senior management which is separately administered. The pension cost charge represents contributions payable by the company to the scheme.

Government grants
Government grants in respect of capital expenditure are credited to the profit and loss account over the estimated lives of the relevant fixed assets. The amount shown in the balance sheet as deferred government grants represents the total grants receivable to date less the amounts so far released to profit and loss account.

Grants of a revenue nature which are made to give immediate financial support or to reimburse costs previously incurred are credited to profit and loss account in the period in which they become receivable.

Grants of a revenue nature which are made to finance general activities over a specified period or to compensate for a loss of current or future income are credited to profit and loss account in the period in which they are paid.

Stocks
Stock and work in progress is stated at the lower of cost and net realisable value. Cost represents that expenditure which has been incurred in the normal course of business in bringing the product or service to its present location and condition.

In the case of work in progress cost consists of direct materials, direct labour and attributable overheads based on normal levels of activity.

Net realisable value means estimated selling price less all further costs to completion and all costs to be incurred in marketing, selling and distribution.

Contract work in progress included in debtors is stated at net realisable value. Cumulative turnover (i.e. the total turnover recorded in respect of the contract in the profit and loss account since inception of the contract) is compared with invoices raised. If turnover exceeds invoices raised an "amount recoverable on contracts" is established and separately disclosed within debtors. If invoices are greater than turnover to date, the excess is classified within creditors.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 247 (2023 - 232 ) .

Lightowler Limited (Registered number: 00413143)

Notes to the Financial Statements - continued
for the period 1st December 2023 to 31st August 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st December 2023
and 31st August 2024 118,784
AMORTISATION
At 1st December 2023 92,668
Charge for period 3,702
At 31st August 2024 96,370
NET BOOK VALUE
At 31st August 2024 22,414
At 30th November 2023 26,116

5. TANGIBLE FIXED ASSETS
Leasehold Plant and Motor Computer
improvements machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1st December 2023 124,130 79,037 91,878 72,576 367,621
Additions 5,450 1,405 - - 6,855
At 31st August 2024 129,580 80,442 91,878 72,576 374,476
DEPRECIATION
At 1st December 2023 32,277 76,063 44,980 67,392 220,712
Charge for period 7,510 1,780 12,358 2,489 24,137
At 31st August 2024 39,787 77,843 57,338 69,881 244,849
NET BOOK VALUE
At 31st August 2024 89,793 2,599 34,540 2,695 129,627
At 30th November 2023 91,853 2,974 46,898 5,184 146,909

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1st December 2023
and 31st August 2024 10,000
NET BOOK VALUE
At 31st August 2024 10,000
At 30th November 2023 10,000

Lightowler Limited (Registered number: 00413143)

Notes to the Financial Statements - continued
for the period 1st December 2023 to 31st August 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 572,135 503,819
Amounts owed by group undertakings 383,689 410,395
Amounts recoverable on contract 51,107 101,884
Other debtors 15,857 7,349
1,022,788 1,023,447

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 108,483 97,001
Hire purchase contracts (see note 10) 17,054 16,263
Trade creditors 156,861 315,966
Amounts owed to group undertakings 9,965 9,965
Taxation and social security 252,927 173,766
Other creditors 250,729 164,132
796,019 777,093

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 34,667 78,000
Hire purchase contracts (see note 10) 16,559 29,448
Other creditors 55,743 57,621
106,969 165,069

10. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 17,054 16,263
Between one and five years 16,559 29,448
33,613 45,711

Lightowler Limited (Registered number: 00413143)

Notes to the Financial Statements - continued
for the period 1st December 2023 to 31st August 2024

10. LEASING AGREEMENTS - continued

Non-cancellable operating leases
2024 2023
£    £   
Within one year 17,054 32,776
Between one and five years 16,559 36,950
33,613 69,726

11. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 143,150 130,000

The bank loan is secured by a fixed and floating charge over the assets of the company.

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
40 'A' ordinary shares £1 40 40
179,960 'B' ordinary shares £1 179,960 179,960
180,000 180,000

13. PENSION COMMITMENTS

The company offers a defined contribution scheme. This pension cost charge represents contributions payable by the company and amounted to £53,401 (2023: £57,026). Pensions contributions of £5,857 (2023 £1,995) were outstanding at the year end.

14. RELATED PARTY DISCLOSURES

At 31 August 2024 the company owed £9,965 to Lightowler Painting Limited, a subsidiary company (30th November 2023: £9,965).

At 31 August 2024 the company was owed £383,689 (30th November 2023: £410,395) by Lightowler Holdings Limited, the company's parent company.

15. ULTIMATE CONTROLLING PARTY

The company was controlled by Mr P Dorsett by virtue of his majority holding of the issued share capital of Lightowler Holdings Limited the company's parent company.