LIGHTING BAY LTD - Filleted accounts

Registered number

07308041

LIGHTING BAY LTD

Filleted Accounts

31 July 2024

LIGHTING BAY LTD
Registered number:		07308041
Balance Sheet
as at 31 July 2024

Notes			2024			2023
£				£
Current assets
Cash at bank and in hand		222			324

Creditors: amounts falling due within one year	3	(1,621)			(857)

Net current liabilities			(1,399)			(533)

Net liabilities			(1,399)			(533)

Capital and reserves
Called up share capital			100			100
Profit and loss account			(1,499)			(633)

Shareholders' funds			(1,399)			(533)

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.




Mr Abdul Aziz Ahmed
Director
Approved by the board on 1 April 2025

LIGHTING BAY LTD
Notes to the Accounts
for the year ended 31 July 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. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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.


2	Employees	2024		2023
Number			Number

	Average number of persons employed by the company	1		1


3	Creditors: amounts falling due within one year	2024		2023
£			£

	Taxation and social security costs	-		32
	Other creditors	750		825
		1,621		857


4	Other information

	LIGHTING BAY LTD is a private company limited by shares and incorporated in England. Its registered office is:
	Ridgling Farm
	Pasture Lane
	Barrowford , Nelson
	Lancashire
	BB9 6RA