0 2 Lighthouse Printing Limited 07231441 false 2023-05-01 2024-04-30 2024-04-30 The principal activity of the company is printing Digita Accounts Production Advanced 6.30.9574.0 true 07231441 2023-05-01 2024-04-30 07231441 2024-04-30 07231441 core:CurrentFinancialInstruments 2024-04-30 07231441 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 07231441 core:Goodwill 2024-04-30 07231441 core:OtherPropertyPlantEquipment 2024-04-30 07231441 bus:SmallEntities 2023-05-01 2024-04-30 07231441 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 07231441 bus:FilletedAccounts 2023-05-01 2024-04-30 07231441 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 07231441 bus:RegisteredOffice 2023-05-01 2024-04-30 07231441 bus:Director1 2023-05-01 2024-04-30 07231441 bus:Director2 2023-05-01 2024-04-30 07231441 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 07231441 core:Goodwill 2023-05-01 2024-04-30 07231441 core:OtherPropertyPlantEquipment 2023-05-01 2024-04-30 07231441 core:PlantMachinery 2023-05-01 2024-04-30 07231441 countries:AllCountries 2023-05-01 2024-04-30 07231441 2023-04-30 07231441 core:Goodwill 2023-04-30 07231441 core:OtherPropertyPlantEquipment 2023-04-30 07231441 2022-05-01 2023-04-30 07231441 2023-04-30 07231441 core:CurrentFinancialInstruments 2023-04-30 07231441 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 07231441 core:OtherPropertyPlantEquipment 2023-04-30 xbrli:pure iso4217:GBP

Registration number: 07231441

Lighthouse Printing Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 April 2024

 

Lighthouse Printing Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

Lighthouse Printing Limited

Company Information

Directors

Mr Jon Calvin-Thomas

Mrs Fay Calvin-Thomas

Registered office

Ocean Reach
Penwerris Lane
Falmouth
TR11 2PF

Accountants

AIMS Accountants for Business
 
C12
12 Cathedral Road
Cardiff
CF11 9LJ

 

Lighthouse Printing Limited

(Registration number: 07231441)
Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

393

523

Current assets

 

Debtors

6

8,205

11,501

Cash at bank and in hand

 

52,616

14,212

 

60,821

25,713

Creditors: Amounts falling due within one year

7

(107,257)

(5,763)

Net current (liabilities)/assets

 

(46,436)

19,950

Net (liabilities)/assets

 

(46,043)

20,473

Capital and reserves

 

Called up share capital

100

100

Retained earnings

(46,143)

20,373

Shareholders' (deficit)/funds

 

(46,043)

20,473

For the financial year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 17 December 2024 and signed on its behalf by:
 

.........................................
Mr Jon Calvin-Thomas
Director

 

Lighthouse Printing Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

1

General information

The company is a private company limited by share capital, incorporated in United Kingdon.

The address of its registered office is:
Ocean Reach
Penwerris Lane
Falmouth
TR11 2PF

These financial statements were authorised for issue by the Board on 17 December 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

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

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

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.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Lighthouse Printing Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% of reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

evenly over 10 years

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Lighthouse Printing Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.
 

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2023 - 2).

 

Lighthouse Printing Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 May 2023

20,000

20,000

At 30 April 2024

20,000

20,000

Amortisation

At 1 May 2023

20,000

20,000

At 30 April 2024

20,000

20,000

Carrying amount

At 30 April 2024

-

-

5

Tangible assets

Other tangible assets
£

Total
£

Cost or valuation

At 1 May 2023

11,929

11,929

At 30 April 2024

11,929

11,929

Depreciation

At 1 May 2023

11,406

11,406

Charge for the year

130

130

At 30 April 2024

11,536

11,536

Carrying amount

At 30 April 2024

393

393

At 30 April 2023

523

523

6

Debtors

 

Lighthouse Printing Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

Current

2024
£

2023
£

Trade debtors

6,922

11,501

Other debtors

1,283

-

 

8,205

11,501

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

720

5,560

Other creditors

106,537

203

107,257

5,763