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REGISTERED NUMBER: 09601100 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Lighthouse Advisors Limited

Lighthouse Advisors Limited (Registered number: 09601100)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Lighthouse Advisors Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: Mr S Holness
Mrs M Holness





REGISTERED OFFICE: Suite 5 Corum 2
Corum Office Park
Crown Way
Warmley
Bristol
BS30 8FJ





REGISTERED NUMBER: 09601100 (England and Wales)





ACCOUNTANTS: Verinder Powell Associates Ltd
Suite 5 Corum 2
Corum Office Park
Crown Way
Warmley
Bristol
BS30 8FJ

Lighthouse Advisors Limited (Registered number: 09601100)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,524 15,131

CURRENT ASSETS
Debtors 5 30,119 28,411
Cash at bank 40,456 25,023
70,575 53,434
CREDITORS
Amounts falling due within one year 6 63,711 64,893
NET CURRENT ASSETS/(LIABILITIES) 6,864 (11,459 )
TOTAL ASSETS LESS CURRENT LIABILITIES 18,388 3,672

PROVISIONS FOR LIABILITIES 3,427 3,290
NET ASSETS 14,961 382

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 14,861 282
14,961 382

Lighthouse Advisors Limited (Registered number: 09601100)

Balance Sheet - continued
31 May 2024


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

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 14 January 2025 and were signed on its behalf by:





Mr S Holness - Director


Lighthouse Advisors Limited (Registered number: 09601100)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Lighthouse Advisors 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

There have been no material departures from the Financial Reporting Standard 102 1A.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

The company recognises revenue when;
the amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible fixed assets
Tangible fixed assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

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

Plant and machinery- 10% on cost & 25% on cost
Computer equipment- 25% on cost


Lighthouse Advisors Limited (Registered number: 09601100)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year 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 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Lighthouse Advisors Limited (Registered number: 09601100)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 June 2023 18,989 16,623 35,612
Additions - 183 183
At 31 May 2024 18,989 16,806 35,795
DEPRECIATION
At 1 June 2023 10,854 9,627 20,481
Charge for year 1,536 2,254 3,790
At 31 May 2024 12,390 11,881 24,271
NET BOOK VALUE
At 31 May 2024 6,599 4,925 11,524
At 31 May 2023 8,135 6,996 15,131

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 20,839 14,380
Other debtors 9,280 14,031
30,119 28,411

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Taxation and social security 26,175 3,968
Other creditors 37,536 60,925
63,711 64,893

Lighthouse Advisors Limited (Registered number: 09601100)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

7. RELATED PARTY DISCLOSURES

Loans from related parties



Key
management


Total
2024 £ £
At start of period 57,913 57,913
Advanced 76,627 76,627
Repaid (100,151 ) (100,151 )
At end of period 34,389 34,389


Key
management


Total
2023 £ £
At start of period 137 137
Advanced 60,259 60,259
Repaid (2,483 ) (2,483 )
At end of period 57,913 57,913

Loans from key management are interest free and repayable on demand.