Registered number
08509700
One-Light (UK) Limited
Filleted Accounts
30 April 2024
One-Light (UK) Limited
Registered number: 08509700
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 2,749 3,498
Current assets
Stocks 125,000 364,612
Debtors 4 80,249 128,424
Cash at bank and in hand 144,047 43,807
349,296 536,843
Creditors: amounts falling due within one year 5 (302,091) (440,708)
Net current assets 47,205 96,135
Total assets less current liabilities 49,954 99,633
Creditors: amounts falling due after more than one year 6 (163,416) (263,349)
Net liabilities (113,462) (163,716)
Capital and reserves
Called up share capital 3 3
Profit and loss account (113,465) (163,719)
Shareholders' funds (113,462) (163,716)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Ms C E Leak
Director
Approved by the board on 31 January 2025
One-Light (UK) Limited
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor vehicles 25% reducing balance
Equipment 25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Leased assets
The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 2
3 Tangible fixed assets
Equipment Motor vehicles Total
£ £ £
Cost
At 1 May 2023 9,612 21,974 31,586
Additions 167 - 167
At 30 April 2024 9,779 21,974 31,753
Depreciation
At 1 May 2023 6,918 21,170 28,088
Charge for the year 715 201 916
At 30 April 2024 7,633 21,371 29,004
Net book value
At 30 April 2024 2,146 603 2,749
At 30 April 2023 2,694 804 3,498
4 Debtors 2024 2023
£ £
Trade debtors 80,249 128,424
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 288,494 422,773
Taxation and social security costs - 16,142
Net wages 4,043 -
Nest Pensions 246 -
Accruals 2,453 1,793
Other creditors 6,855 -
302,091 440,708
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 22,435 32,387
Directors current accounts 140,981 230,962
163,416 263,349
7 Other information
One-Light (UK) Limited is a private company limited by shares and incorporated in England. Its registered office is:
Prince of Wales House
3 Bluecoats Avenue
Hertford
SG14 1PB
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