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Specialised Lighting Company Limited

Unaudited Abridged Financial Accounts

for the Year Ended 30 June 2024

Registration number: 7259654

 

Specialised Lighting Company Limited

Contents

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Unaudited Abridged Financial Statements

3 to 4

 

Specialised Lighting Company Limited

Company Information

Director

L Shannon

Registered office

65 Sunnybank Road
Unsworth
Bury
BL9 8ES

 

Accountants

Gortons
Chartered AccountantsStanmore House
64-68 Blackburn Street
Radcliffe
Manchester
M26 2JS

 

Specialised Lighting Company Limited

(Registration number: 7259654)
Abridged Balance Sheet as at 30 June 2024

Note

30 June
2024
£

Period to
  30 June 2023
£

Fixed assets

 

Tangible assets

5

42,674

51,159

Current assets

 

Stocks

125,900

113,710

Debtors

151,733

152,411

Cash at bank and in hand

 

49,363

35,528

 

326,996

301,649

Prepayments and accrued income

 

-

815

Creditors: Amounts falling due within one year

(236,340)

(147,268)

Net current assets

 

90,656

155,196

Total assets less current liabilities

 

133,330

206,355

Creditors: Amounts falling due after more than one year

(53,409)

(61,232)

Accruals and deferred income

 

(2,500)

(2,325)

Net assets

 

77,421

142,798

Capital and reserves

 

Called up share capital

6

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 members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

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.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 24 March 2025
 

.........................................
L Shannon
Director

 

Specialised Lighting Company Limited

Notes to the Unaudited Abridged Financial Statements
for the Year Ended 30 June 2024

1

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 director on 24 March 2025.

2

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.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 6 (2023 - 4).

4

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 £28,500 (2023 - £46,500).

 

Specialised Lighting Company Limited

Notes to the Unaudited Abridged Financial Statements
for the Year Ended 30 June 2024

5

Tangible assets

Total
£

Cost or valuation

At 1 July 2023

94,430

Additions

27,400

At 30 June 2024

121,830

Depreciation

At 1 July 2023

43,271

Charge for the year

35,885

At 30 June 2024

79,156

Carrying amount

At 30 June 2024

42,674

At 30 June 2023

51,159

6

Share capital

Allotted, called up and fully paid shares

30 June
2024

30 June
2023

No.

£

No.

£

Ordinary shares of £1 each

90

90

90

90

       

7

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.