2 01/12/2023 30/11/2024 2024-11-30 false false false false false false false true false false true false false false false false true false No description of principal activities is disclosed 2023-12-01 Sage Accounts Production 24.0 - FRS102_2024 xbrli:pure xbrli:shares iso4217:GBP 11450998 2023-12-01 2024-11-30 11450998 2024-11-30 11450998 2023-11-30 11450998 2022-12-01 2023-11-30 11450998 2023-11-30 11450998 2022-11-30 11450998 core:PlantMachinery 2023-12-01 2024-11-30 11450998 core:FurnitureFittingsToolsEquipment 2023-12-01 2024-11-30 11450998 bus:Director1 2023-12-01 2024-11-30 11450998 core:PlantMachinery 2023-11-30 11450998 core:FurnitureFittingsToolsEquipment 2023-11-30 11450998 core:PlantMachinery 2024-11-30 11450998 core:FurnitureFittingsToolsEquipment 2024-11-30 11450998 core:WithinOneYear 2024-11-30 11450998 core:WithinOneYear 2023-11-30 11450998 core:AfterOneYear 2024-11-30 11450998 core:AfterOneYear 2023-11-30 11450998 core:ShareCapital 2024-11-30 11450998 core:ShareCapital 2023-11-30 11450998 core:RetainedEarningsAccumulatedLosses 2024-11-30 11450998 core:RetainedEarningsAccumulatedLosses 2023-11-30 11450998 core:PlantMachinery 2023-11-30 11450998 core:FurnitureFittingsToolsEquipment 2023-11-30 11450998 bus:SmallEntities 2023-12-01 2024-11-30 11450998 bus:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 11450998 bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 11450998 bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 11450998 bus:FullAccounts 2023-12-01 2024-11-30
Company registration number: 11450998
Lighthouse FX Ltd
Unaudited filleted financial statements
30 November 2024
Lighthouse FX Ltd
Contents
Statement of financial position
Notes to the financial statements
Lighthouse FX Ltd
Statement of financial position
30 November 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 5 684 973
_______ _______
684 973
Current assets
Debtors 6 47,534 45,555
Cash at bank and in hand 64,094 66,766
_______ _______
111,628 112,321
Creditors: amounts falling due
within one year 7 ( 44,785) ( 29,357)
_______ _______
Net current assets 66,843 82,964
_______ _______
Total assets less current liabilities 67,527 83,937
Creditors: amounts falling due
after more than one year 8 ( 6,600) ( 16,500)
Provisions for liabilities ( 130) ( 185)
_______ _______
Net assets 60,797 67,252
_______ _______
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 59,797 66,252
_______ _______
Shareholders funds 60,797 67,252
_______ _______
For the year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 21 March 2025 , and are signed on behalf of the board by:
Mr Nicholas Burns
Director
Company registration number: 11450998
Lighthouse FX Ltd
Notes to the financial statements
Year ended 30 November 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 50 Liverpool Street, London, EC2M 7PY.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery - 10 % straight line
Fittings fixtures and equipment - 25 % straight line
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).
5. Tangible assets
Plant and machinery Fixtures, fittings and equipment Total
£ £ £
Cost
At 1 December 2023 and 30 November 2024 617 2,898 3,515
_______ _______ _______
Depreciation
At 1 December 2023 215 2,327 2,542
Charge for the year 62 227 289
_______ _______ _______
At 30 November 2024 277 2,554 2,831
_______ _______ _______
Carrying amount
At 30 November 2024 340 344 684
_______ _______ _______
At 30 November 2023 402 571 973
_______ _______ _______
6. Debtors
2024 2023
£ £
Trade debtors 46,423 44,239
Other debtors 1,111 1,316
_______ _______
47,534 45,555
_______ _______
7. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts 9,900 9,900
Trade creditors 6,406 4,399
Corporation tax 9,495 12,994
Other creditors 18,984 2,064
_______ _______
44,785 29,357
_______ _______
8. Creditors: amounts falling due after more than one year
2024 2023
£ £
Bank loans and overdrafts 6,600 16,500
_______ _______