Company registration number 07210830 (England and Wales)
CENTURY LIGHTING HOLDINGS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
PAGES FOR FILING WITH REGISTRAR
CENTURY LIGHTING HOLDINGS LIMITED
COMPANY INFORMATION
Director
Mr M J Rolph
Company number
07210830
Registered office
Unit 11 Target Park
Shawbank Road
Lakeside
Redditch
Worcestershire
B98 8YN
Accountants
Ormerod Rutter Limited
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
Bankers
Lloyds Bank Plc
Ariel House
2138 Coventry Road
Sheldon
Birmingham
B26 3JW
CENTURY LIGHTING HOLDINGS LIMITED
CONTENTS
Page
Accountants' report
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 8
CENTURY LIGHTING HOLDINGS LIMITED
ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF CENTURY LIGHTING HOLDINGS LIMITED FOR THE YEAR ENDED 30 APRIL 2024
- 1 -
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Century Lighting Holdings Limited for the year ended 30 April 2024 which comprise, the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.
This report is made solely to the board of directors of Century Lighting Holdings Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Century Lighting Holdings Limited and state those matters that we have agreed to state to the board of directors of Century Lighting Holdings Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Century Lighting Holdings Limited and its board of directors as a body, for our work or for this report.
It is your duty to ensure that Century Lighting Holdings Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Century Lighting Holdings Limited. You consider that Century Lighting Holdings Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Century Lighting Holdings Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Ormerod Rutter Limited
23 January 2025
Chartered Accountants
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
CENTURY LIGHTING HOLDINGS LIMITED
BALANCE SHEET
AS AT
30 APRIL 2024
30 April 2024
- 2 -
2024
2023
Notes
£
£
£
£
Fixed assets
Intangible assets
3
470,001
1
Tangible assets
4
176,427
55,152
Investments
5
3
3
646,431
55,156
Current assets
Debtors
6
778,474
1,240,225
Cash at bank and in hand
2,485
71,320
780,959
1,311,545
Creditors: amounts falling due within one year
7
(103,324)
(61,709)
Net current assets
677,635
1,249,836
Total assets less current liabilities
1,324,066
1,304,992
Creditors: amounts falling due after more than one year
8
(79,563)
(23,381)
Provisions for liabilities
10
(22,095)
(6,043)
Net assets
1,222,408
1,275,568
Capital and reserves
Called up share capital
11
100
100
Profit and loss reserves
1,222,308
1,275,468
Total equity
1,222,408
1,275,568
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
CENTURY LIGHTING HOLDINGS LIMITED
BALANCE SHEET (CONTINUED)
AS AT
30 APRIL 2024
30 April 2024
- 3 -
The financial statements were approved and signed by the director and authorised for issue on 23 January 2025
Mr M J Rolph
Director
Company registration number 07210830 (England and Wales)
CENTURY LIGHTING HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
- 4 -
1
Accounting policies
Company information
Century Lighting Holdings Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit 11 Target Park, Shawbank Road, Lakeside, Redditch, Worcestershire, B98 8YN.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.
1.2
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.
Revenue from the provision of services is recognised by reference to the stage of completion, when the costs incurred and costs to complete can be estimated reliably.
1.3
Intangible fixed assets - goodwill
Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is ten years.
1.4
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Leasehold improvements
5% on cost
Plant and machinery
25% on reducing balance
Fixtures and fittings
20% on reducing balance
Computer equipment
33% on cost
Motor vehicles
10% on reducing balance
CENTURY LIGHTING HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
1
Accounting policies
(Continued)
- 5 -
1.5
Fixed asset investments
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.
A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.
1.6
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.
1.7
Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
1.8
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
1.9
Leases
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.
Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.
CENTURY LIGHTING HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
1
Accounting policies
(Continued)
- 6 -
Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
2
2
3
Intangible fixed assets
Goodwill
£
Cost
At 1 May 2023
1
Additions
470,000
At 30 April 2024
470,001
Amortisation and impairment
At 1 May 2023 and 30 April 2024
Carrying amount
At 30 April 2024
470,001
At 30 April 2023
1
CENTURY LIGHTING HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
- 7 -
4
Tangible fixed assets
Leasehold improvements
Plant and machinery
Fixtures and fittings
Computer equipment
Motor vehicles
Total
£
£
£
£
£
£
Cost
At 1 May 2023
68,034
221,837
57,416
47,608
394,895
Additions
2,511
2,340
5,615
3,150
138,575
152,191
At 30 April 2024
2,511
70,374
227,452
60,566
186,183
547,086
Depreciation and impairment
At 1 May 2023
59,310
201,073
46,815
32,545
339,743
Depreciation charged in the year
2,182
6,031
3,440
19,263
30,916
At 30 April 2024
61,492
207,104
50,255
51,808
370,659
Carrying amount
At 30 April 2024
2,511
8,882
20,348
10,311
134,375
176,427
At 30 April 2023
8,724
20,764
10,601
15,063
55,152
5
Fixed asset investments
2024
2023
£
£
Shares in group undertakings and participating interests
3
3
6
Debtors
2024
2023
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
730,438
1,161,218
Other debtors
48,036
79,007
778,474
1,240,225
7
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
10,789
10,522
Trade creditors
49,595
42,567
Taxation and social security
564
737
Other creditors
42,376
7,883
103,324
61,709
CENTURY LIGHTING HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
- 8 -
8
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
12,593
23,381
Other creditors
66,970
79,563
23,381
9
Secured debts
The following secured debts are included within creditors:
2024
2023
£
£
Hire purchase contracts
75,999
3,645
Bank loans
23,382
33,903
99,381
37,548
Hire purchase contracts are secured against the assets to which they relate.
Bank loans are secured by way of a government backed guarantee.
10
Provisions for liabilities
2024
2023
£
£
Deferred tax liabilities
22,095
6,043
11
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary A of £1 each
70
70
70
70
Ordinary B of £1 each
30
30
30
30
100
100
100
100
12
Related party transactions
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.
13
Ultimate controlling party
The ultimate controlling party is Mr M J Rolph.
2024-04-302023-05-01false23 January 2025CCH SoftwareCCH Accounts Production 2024.210No description of principal activityMr M J Rolphfalsefalse072108302023-05-012024-04-3007210830bus:Director12023-05-012024-04-3007210830bus:RegisteredOffice2023-05-012024-04-3007210830bus:Agent12023-05-012024-04-30072108302024-04-30072108302023-04-3007210830core:NetGoodwill2024-04-3007210830core:NetGoodwill2023-04-3007210830core:LeaseholdImprovements2024-04-3007210830core:PlantMachinery2024-04-3007210830core:FurnitureFittings2024-04-3007210830core:ComputerEquipment2024-04-3007210830core:MotorVehicles2024-04-3007210830core:LeaseholdImprovements2023-04-3007210830core:PlantMachinery2023-04-3007210830core:FurnitureFittings2023-04-3007210830core:ComputerEquipment2023-04-3007210830core:MotorVehicles2023-04-3007210830core:CurrentFinancialInstrumentscore:WithinOneYear2024-04-3007210830core:CurrentFinancialInstrumentscore:WithinOneYear2023-04-3007210830core:Non-currentFinancialInstrumentscore:AfterOneYear2024-04-3007210830core:Non-currentFinancialInstrumentscore:AfterOneYear2023-04-3007210830core:CurrentFinancialInstruments2024-04-3007210830core:CurrentFinancialInstruments2023-04-3007210830core:Non-currentFinancialInstruments2024-04-3007210830core:Non-currentFinancialInstruments2023-04-3007210830core:ShareCapital2024-04-3007210830core:ShareCapital2023-04-3007210830core:RetainedEarningsAccumulatedLosses2024-04-3007210830core:RetainedEarningsAccumulatedLosses2023-04-3007210830core:ShareCapitalOrdinaryShares2024-04-3007210830core:ShareCapitalOrdinaryShares2023-04-3007210830core:Goodwill2023-05-012024-04-3007210830core:LeaseholdImprovements2023-05-012024-04-3007210830core:PlantMachinery2023-05-012024-04-3007210830core:FurnitureFittings2023-05-012024-04-3007210830core:ComputerEquipment2023-05-012024-04-3007210830core:MotorVehicles2023-05-012024-04-30072108302022-05-012023-04-3007210830core:NetGoodwill2023-04-3007210830core:LeaseholdImprovements2023-04-3007210830core:PlantMachinery2023-04-3007210830core:FurnitureFittings2023-04-3007210830core:ComputerEquipment2023-04-3007210830core:MotorVehicles2023-04-30072108302023-04-3007210830core:WithinOneYear2024-04-3007210830core:WithinOneYear2023-04-3007210830bus:PrivateLimitedCompanyLtd2023-05-012024-04-3007210830bus:SmallCompaniesRegimeForAccounts2023-05-012024-04-3007210830bus:FRS1022023-05-012024-04-3007210830bus:AuditExemptWithAccountantsReport2023-05-012024-04-3007210830bus:FullAccounts2023-05-012024-04-30xbrli:purexbrli:sharesiso4217:GBP