Specialised Lighting Company Limited
for the
Year Ended 30 June 2024
Registration number:
Specialised Lighting Company Limited
Contents
Page
Company Information |
|
Abridged Balance Sheet |
|
Notes to the Unaudited Abridged Financial Statements |
Specialised Lighting Company Limited
Company Information
Director |
L Shannon |
Registered office |
|
Accountants |
|
Specialised Lighting Company Limited
(Registration number: 7259654)
Abridged Balance Sheet as at 30 June 2024
Note |
30 June |
Period to |
|
Fixed assets |
|||
Tangible assets |
|
|
|
Current assets |
|||
Stocks |
|
|
|
Debtors |
|
|
|
Cash at bank and in hand |
|
|
|
|
|
||
Prepayments and accrued income |
- |
|
|
Creditors: Amounts falling due within one year |
( |
( |
|
Net current assets |
|
|
|
Total assets less current liabilities |
|
|
|
Creditors: Amounts falling due after more than one year |
( |
( |
|
Accruals and deferred income |
( |
( |
|
Net assets |
|
|
|
Capital and reserves |
|||
Called up share capital |
90 |
90 |
|
Capital redemption reserve |
10 |
10 |
|
Retained earnings |
77,321 |
142,698 |
|
Shareholders' funds |
77,421 |
142,798 |
For the financial year ending 30 June 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.
Approved and authorised by the
......................................... |
Specialised Lighting Company Limited
Notes to the Unaudited Abridged Financial Statements
for the Year Ended 30 June 2024
General information |
The company is a private company limited by share capital, incorporated in England and Wales and the company's registration number is 7259654. The business address and registered office is 65 Sunnybank Road, Bury BL9 8ES.
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial accounts are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These abridged 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 abridged financial accounts have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Turnover
Turnover represents the invoiced value of good and services supplied in the year, net of value added tax.
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 over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Furniture, fittings and equipment |
33.3% Straight line method |
Motor vehicles |
33.3% Straight line method |
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
Staff numbers |
The average number of persons employed by the company (including the director) during the year, was
Financial commitments, guarantees and contingencies |
Amounts not provided for in the balance sheet
The total amount of financial commitments not included in the balance sheet is £
Specialised Lighting Company Limited
Notes to the Unaudited Abridged Financial Statements
for the Year Ended 30 June 2024
Tangible assets |
Total |
|
Cost or valuation |
|
At 1 July 2023 |
|
Additions |
|
At 30 June 2024 |
|
Depreciation |
|
At 1 July 2023 |
|
Charge for the year |
|
At 30 June 2024 |
|
Carrying amount |
|
At 30 June 2024 |
|
At 30 June 2023 |
|
Share capital |
Allotted, called up and fully paid shares
30 June |
30 June |
|||
No. |
£ |
No. |
£ |
|
|
|
90 |
|
90 |
Related party transactions |
The director has a loan account with the company which was in credit at the year end (2023 - overdrawn by £30,016). The loan was overdrawn to a maximum of £57,202 in the year (2023 - £78,588).
Interest has been charged at a commercial rate and the loan is repayable on demand.