SF Lighting Ltd 09573904 false 2023-06-01 2024-05-31 2024-05-31 The principal activity of the company is the provision of lighting services to the film industry. Digita Accounts Production Advanced 6.30.9574.0 true 09573904 2023-06-01 2024-05-31 09573904 2024-05-31 09573904 core:RetainedEarningsAccumulatedLosses 2024-05-31 09573904 core:ShareCapital 2024-05-31 09573904 core:HirePurchaseContracts core:CurrentFinancialInstruments 2024-05-31 09573904 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2024-05-31 09573904 core:CurrentFinancialInstruments 2024-05-31 09573904 core:CurrentFinancialInstruments core:WithinOneYear 2024-05-31 09573904 core:Non-currentFinancialInstruments core:AfterOneYear 2024-05-31 09573904 core:FurnitureFittingsToolsEquipment 2024-05-31 09573904 core:LandBuildings 2024-05-31 09573904 1 2024-05-31 09573904 bus:SmallEntities 2023-06-01 2024-05-31 09573904 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 09573904 bus:FilletedAccounts 2023-06-01 2024-05-31 09573904 bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 09573904 bus:RegisteredOffice 2023-06-01 2024-05-31 09573904 bus:CompanySecretary1 2023-06-01 2024-05-31 09573904 bus:Director2 2023-06-01 2024-05-31 09573904 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 09573904 core:RetainedEarningsAccumulatedLosses 2023-06-01 2024-05-31 09573904 core:ShareCapital 2023-06-01 2024-05-31 09573904 core:Buildings 2023-06-01 2024-05-31 09573904 core:FurnitureFittingsToolsEquipment 2023-06-01 2024-05-31 09573904 core:LandBuildings 2023-06-01 2024-05-31 09573904 core:OfficeEquipment 2023-06-01 2024-05-31 09573904 core:PlantMachinery 2023-06-01 2024-05-31 09573904 countries:EnglandWales 2023-06-01 2024-05-31 09573904 1 2023-06-01 2024-05-31 09573904 2023-05-31 09573904 core:RetainedEarningsAccumulatedLosses 2023-05-31 09573904 core:ShareCapital 2023-05-31 09573904 core:FurnitureFittingsToolsEquipment 2023-05-31 09573904 core:LandBuildings 2023-05-31 09573904 1 2023-05-31 09573904 2022-06-01 2023-05-31 09573904 2023-05-31 09573904 core:HirePurchaseContracts core:CurrentFinancialInstruments 2023-05-31 09573904 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2023-05-31 09573904 core:CurrentFinancialInstruments 2023-05-31 09573904 core:CurrentFinancialInstruments core:WithinOneYear 2023-05-31 09573904 core:Non-currentFinancialInstruments core:AfterOneYear 2023-05-31 09573904 core:FurnitureFittingsToolsEquipment 2023-05-31 09573904 core:LandBuildings 2023-05-31 09573904 1 2023-05-31 09573904 core:RetainedEarningsAccumulatedLosses 2022-06-01 2023-05-31 09573904 core:ShareCapital 2022-06-01 2023-05-31 09573904 1 2022-06-01 2023-05-31 09573904 2022-05-31 09573904 core:RetainedEarningsAccumulatedLosses 2022-05-31 09573904 core:ShareCapital 2022-05-31 09573904 1 2022-05-31 iso4217:GBP xbrli:pure

Registration number: 09573904

SF Lighting Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 May 2024

 

SF Lighting Ltd

Contents
for the Year Ended 31 May 2024

Company Information

1

Balance Sheet

2 to 3

Statement of Changes in Equity

4

Notes to the Unaudited Financial Statements

5 to 10

 

SF Lighting Ltd

Company Information
for the Year Ended 31 May 2024

Director

S Forey

Company secretary

Windsor Accountancy Limited

Registered office

St Stephens House
Arthur Road
Windsor
Berkshire
SL4 1RU

Registered number

09573904 ( England and Wales )

Accountants

Windsor Accountancy Ltd
Chartered Certified Accountants
St. Stephens House
Arthur Road
Windsor
Berkshire
SL4 1RU

 

SF Lighting Ltd

(Registration number: 09573904)
Balance Sheet as at 31 May 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

30,950

39,186

Current assets

 

Debtors

5

5,632

1,976

Cash at bank and in hand

 

12,347

13,798

 

17,979

15,774

Creditors: Amounts falling due within one year

6

(23,074)

(13,590)

Net current (liabilities)/assets

 

(5,095)

2,184

Total assets less current liabilities

 

25,855

41,370

Creditors: Amounts falling due after more than one year

6

(5,663)

(9,661)

Provisions for liabilities

(5,208)

(5,283)

Net assets

 

14,984

26,426

Capital and reserves

 

Called up share capital

2

2

Retained earnings

14,982

26,424

Shareholders' funds

 

14,984

26,426

For the financial year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his 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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 11 November 2024
 

 

SF Lighting Ltd

(Registration number: 09573904)
Balance Sheet as at 31 May 2024

.........................................
S Forey
Director

 

SF Lighting Ltd

Statement of Changes in Equity for the Year Ended 31 May 2024

Share capital
£

Retained earnings
£

Total
£

At 1 June 2023

2

26,424

26,426

Profit for the year

-

18,558

18,558

Dividends

-

(30,000)

(30,000)

At 31 May 2024

2

14,982

14,984

Share capital
£

Retained earnings
£

Total
£

At 1 June 2022

2

26,779

26,781

Profit for the year

-

32,145

32,145

Dividends

-

(32,500)

(32,500)

At 31 May 2023

2

26,424

26,426

 

SF Lighting Ltd

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
St Stephens House
Arthur Road
Windsor
Berkshire
SL4 1RU

These financial statements were authorised for issue by the director on 11 November 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.

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 and deferred 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.

 

SF Lighting Ltd

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

Tangible assets

Tangible 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

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

Office equipment

33% Straight line

Land and buidlings

10% Straight line

Plant and machinery

20% Straight line

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. Amounts classified as receivable within one year are not amortised.

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. Amounts classified as payable within one year are not amortised.

 

SF Lighting Ltd

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

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

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.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

SF Lighting Ltd

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

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 June 2023

12,647

36,328

48,975

Additions

-

947

947

At 31 May 2024

12,647

37,275

49,922

Depreciation

At 1 June 2023

1,265

8,524

9,789

Charge for the year

1,264

7,919

9,183

At 31 May 2024

2,529

16,443

18,972

Carrying amount

At 31 May 2024

10,118

20,832

30,950

At 31 May 2023

11,382

27,804

39,186

Included within the net book value of land and buildings above is £10,118 (2023 - £11,382) in respect of freehold land and buildings.

Included within the total net book value of £30,950 is £17,760 (2023: £22,958) in respect of assets subject to finance leases and hire purchase contracts. The depreciation charge to the financial statements in the year in respect of such assets amounted to £5,198 (2023: £3,332).

5

Debtors

Current

2024
£

2023
£

Trade debtors

5,632

1,976

 

5,632

1,976

 

SF Lighting Ltd

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

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

7

3,998

3,997

Taxation and social security

 

13,476

9,295

Other creditors

 

5,600

298

 

23,074

13,590

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

7

5,663

9,661

7

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Hire purchase contracts

5,663

9,661

Current loans and borrowings

2024
£

2023
£

Hire purchase contracts

3,998

3,997

 

SF Lighting Ltd

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

8

Related party transactions

Transactions with the director

2024

At 1 June 2023
£

Advances to director
£

Repayments by director
£

At 31 May 2024
£

Advances and credits

(298)

42,711

(48,013)

(5,600)

 

2023

At 1 June 2022
£

Advances to director
£

Repayments by director
£

At 31 May 2023
£

Advances and credits

(1,598)

37,650

(36,350)

(298)

 

Other transactions with the director

The balance due to the director at the year end date was free of interest and deemed repayable on demand.