Company Registration No. 05300806 (England and Wales)
Pulse Lighting Limited
Unaudited accounts
for the year ended 31 March 2024
Pulse Lighting Limited
Unaudited accounts
Contents
Pulse Lighting Limited
Company Information
for the year ended 31 March 2024
Directors
Paul Acton
Gareth Knight
Company Number
05300806 (England and Wales)
Registered Office
39A Highmeres Road
Thurmastion
Leicester
LE4 9LZ
Accountants
Advanced Tax Solutions Ltd t/a Tax Made Easy
Unit 24, King Street Buildings
Enderby
Leicester
Leicestershire
LE19 4NT
Pulse Lighting Limited
Statement of financial position
as at 31 March 2024
Tangible assets
10,920
14,710
Cash at bank and in hand
95,801
34,790
Creditors: amounts falling due within one year
(148,500)
(182,040)
Net current assets
142,504
87,002
Total assets less current liabilities
153,424
101,712
Creditors: amounts falling due after more than one year
(26,527)
(100,765)
Called up share capital
4
4
Profit and loss account
126,893
943
Shareholders' funds
126,897
947
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 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 30 December 2024 and were signed on its behalf by
Paul Acton
Director
Company Registration No. 05300806
Pulse Lighting Limited
Notes to the Accounts
for the year ended 31 March 2024
Pulse Lighting Limited is a private company, limited by shares, registered in England and Wales, registration number 05300806. The registered office is 39A Highmeres Road, Thurmastion, Leicester, LE4 9LZ.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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.
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.
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:
Fixtures & fittings
25% RB
Investments are included at fair value.
The accounts are prepared on the going concern basis, as the company has the continued support of the directors and shareholders.
Pulse Lighting Limited
Notes to the Accounts
for the year ended 31 March 2024
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2023
41,441
22,654
29,326
93,421
At 31 March 2024
41,441
22,654
29,725
93,820
At 1 April 2023
31,351
21,631
25,729
78,711
Charge for the year
3,027
255
907
4,189
At 31 March 2024
34,378
21,886
26,636
82,900
At 31 March 2024
7,063
768
3,089
10,920
At 31 March 2023
10,090
1,023
3,597
14,710
Amounts falling due within one year
Trade debtors
183,538
67,235
Accrued income and prepayments
9,665
10,557
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
64,821
55,405
Trade creditors
33,421
28,817
Taxes and social security
80,223
51,821
Other creditors
2,759
1,946
Loans from directors
(116,492)
-
7
Creditors: amounts falling due after more than one year
2024
2023
Allotted, called up and fully paid:
4 Ordinary shares of £1 each
4
4
Pulse Lighting Limited
Notes to the Accounts
for the year ended 31 March 2024
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Loans to directors
115,484
237,256
236,247
116,493
115,484
237,256
236,247
116,493
Interest is charged at the HMRC approved rate.
10
Post balance sheet events
The outstanding director loan was repaid in full within 9 months of the year end.
11
Average number of employees
During the year the average number of employees was 13 (2023: 13).