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REGISTERED NUMBER: SC594206 (Scotland)















Unaudited Financial Statements

for the Year Ended 30 April 2024

for

Lighting Warehouse & Electrical
(Edinburgh) Ltd

Lighting Warehouse & Electrical
(Edinburgh) Ltd (Registered number: SC594206)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Lighting Warehouse & Electrical
(Edinburgh) Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTORS: R.K Bawa
J R Bawa
A Lamba





REGISTERED OFFICE: Unit 3, Morris Park
37 Rosyth Road
Glasgow
G5 0YE





REGISTERED NUMBER: SC594206 (Scotland)





ACCOUNTANTS: KPP Glasgow South Ltd
Chartered Certified Accountants
Unit 3 , 37 Rosyth Road
Morris Park
Glasgow
G5 0YE

Lighting Warehouse & Electrical
(Edinburgh) Ltd (Registered number: SC594206)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 67,308 49,945

CURRENT ASSETS
Stocks 5 556,397 590,841
Debtors 6 45,281 59,423
Cash at bank and in hand 508,755 342,320
1,110,433 992,584
CREDITORS
Amounts falling due within one year 7 403,558 463,345
NET CURRENT ASSETS 706,875 529,239
TOTAL ASSETS LESS CURRENT
LIABILITIES

774,183

579,184

CREDITORS
Amounts falling due after more than one
year

8

71,728

29,482
NET ASSETS 702,455 549,702

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 702,355 549,602
SHAREHOLDERS' FUNDS 702,455 549,702

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

Lighting Warehouse & Electrical
(Edinburgh) Ltd (Registered number: SC594206)

Balance Sheet - continued
30 April 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 29 January 2025 and were signed on its behalf by:





R.K Bawa - Director


Lighting Warehouse & Electrical
(Edinburgh) Ltd (Registered number: SC594206)

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

1. STATUTORY INFORMATION

Lighting Warehouse & Electrical (Edinburgh) Ltd is a private company, limited by shares , registered in Scotland. 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 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Lighting Warehouse & Electrical
(Edinburgh) Ltd (Registered number: SC594206)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued

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 9 (2023 - 8 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 May 2023 16,240 48,971 19,303 6,864 91,378
Additions - 1,522 32,466 380 34,368
At 30 April 2024 16,240 50,493 51,769 7,244 125,746
DEPRECIATION
At 1 May 2023 7,763 18,242 12,856 2,572 41,433
Charge for year 1,271 4,837 9,729 1,168 17,005
At 30 April 2024 9,034 23,079 22,585 3,740 58,438
NET BOOK VALUE
At 30 April 2024 7,206 27,414 29,184 3,504 67,308
At 30 April 2023 8,477 30,729 6,447 4,292 49,945

5. STOCKS
30.4.24 30.4.23
£    £   
Stocks 556,397 590,841

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 24,281 38,423
Rent deposit 21,000 21,000
45,281 59,423

Lighting Warehouse & Electrical
(Edinburgh) Ltd (Registered number: SC594206)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors 87,915 214,634
Lighting Warehouse & Electrical Ltd 65,000 65,000
Bank Loan 20,833 40,239
Tax 140,970 86,866
Social security and other taxes 6,211 17,472
VAT 44,836 29,214
American Express 1,193 2,169
Capital on tap 26,935 -
Accrued expenses 9,665 7,751
403,558 463,345

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans (see note 9) 47,658 24,547
Hire purchase contracts 24,070 4,935
71,728 29,482

9. LOANS

An analysis of the maturity of loans is given below:

30.4.24 30.4.23
£    £   
Amounts falling due between two and five years:
Loan - Shire Leasing 47,658 24,547

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
100 Ordinary £1 100 100