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REGISTERED NUMBER: 03556135 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

LIGHTNING MEDIA LIMITED

LIGHTNING MEDIA LIMITED (REGISTERED NUMBER: 03556135)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


LIGHTNING MEDIA LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: M D Patel
N L Patel





SECRETARY: M D Patel





REGISTERED OFFICE: Unit 27-31 Silicon Business Centre
28 Wadsworth Road
Perivale
Middlesex
UB6 7JZ





REGISTERED NUMBER: 03556135 (England and Wales)





ACCOUNTANTS: STGCA LLP t/a Sterling
Chartered Accountants
505 Pinner Road
Harrow
Middlesex
HA2 6EH

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
LIGHTNING MEDIA LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Lightning Media Limited for the year ended 30 April 2024 which comprise the Income Statement, 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Lightning Media 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 Lightning Media Limited and state those matters that we have agreed to state to the Board of Directors of Lightning Media Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Lightning Media Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Lightning Media 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 profit of Lightning Media Limited. You consider that Lightning Media 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 Lightning Media 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.






STGCA LLP t/a Sterling
Chartered Accountants
505 Pinner Road
Harrow
Middlesex
HA2 6EH


31 January 2025

LIGHTNING MEDIA LIMITED (REGISTERED NUMBER: 03556135)

BALANCE SHEET
30 APRIL 2024

30/4/24 30/4/23
Notes £ £ £ £
FIXED ASSETS
Tangible assets 3 97,348 107,345

CURRENT ASSETS
Stocks 4 217,154 256,559
Debtors 5 1,180,570 1,233,388
Cash at bank 300,133 105,377
1,697,857 1,595,324
CREDITORS
Amounts falling due within one year 6 124,733 169,921
NET CURRENT ASSETS 1,573,124 1,425,403
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,670,472

1,532,748

CREDITORS
Amounts falling due after more than one year 7 (22,826 ) (26,896 )

PROVISIONS FOR LIABILITIES 8 (21,388 ) (16,921 )
NET ASSETS 1,626,258 1,488,931

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 10 1,626,256 1,488,929
SHAREHOLDERS' FUNDS 1,626,258 1,488,931

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.

LIGHTNING MEDIA LIMITED (REGISTERED NUMBER: 03556135)

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 30 January 2025 and were signed on its behalf by:





M D Patel - Director


LIGHTNING MEDIA LIMITED (REGISTERED NUMBER: 03556135)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. 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 represents income from hire of lighting equipment, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% 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.

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.

LIGHTNING MEDIA LIMITED (REGISTERED NUMBER: 03556135)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 2 ) .

3. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£ £ £ £ £
COST
At 1 May 2023 204,235 2,923 79,880 11,136 298,174
Additions - 15,136 - - 15,136
Disposals - - (10,840 ) - (10,840 )
At 30 April 2024 204,235 18,059 69,040 11,136 302,470
DEPRECIATION
At 1 May 2023 133,226 2,284 46,283 9,036 190,829
Charge for year 14,202 392 7,917 693 23,204
Eliminated on disposal - - (8,911 ) - (8,911 )
At 30 April 2024 147,428 2,676 45,289 9,729 205,122
NET BOOK VALUE
At 30 April 2024 56,807 15,383 23,751 1,407 97,348
At 30 April 2023 71,009 639 33,597 2,100 107,345

4. STOCKS
30/4/24 30/4/23
£ £
Stocks 217,154 256,559

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/24 30/4/23
£ £
Trade debtors 127,350 237,895
Other debtors 1,053,220 995,493
1,180,570 1,233,388

LIGHTNING MEDIA LIMITED (REGISTERED NUMBER: 03556135)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/24 30/4/23
£ £
Hire purchase contracts 4,070 4,070
Tax 71,767 83,237
Social security and other taxes 247 (60 )
VAT 1,057 24,804
Other creditors 1,154 2,727
Directors' current accounts 42,638 51,644
Accrued expenses 3,800 3,499
124,733 169,921

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/4/24 30/4/23
£ £
Hire purchase contracts 22,826 26,896

8. PROVISIONS FOR LIABILITIES
30/4/24 30/4/23
£ £
Deferred tax 21,388 16,921

Deferred tax
£
Balance at 1 May 2023 16,921
movement in the year 4,467
Balance at 30 April 2024 21,388

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30/4/24 30/4/23
value: £ £
100 Ordinary 1 2 2

LIGHTNING MEDIA LIMITED (REGISTERED NUMBER: 03556135)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


10. RESERVES
Retained
earnings
£

At 1 May 2023 1,488,929
Profit for the year 207,327
Dividends (70,000 )
At 30 April 2024 1,626,256