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REGISTERED NUMBER: SC455515 (Scotland)













Unaudited Financial Statements

for the Year Ended 31 July 2024

for

LIGHT ALLIANCE LIMITED

LIGHT ALLIANCE LIMITED (REGISTERED NUMBER: SC455515)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 JULY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LIGHT ALLIANCE LIMITED

Company Information
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: K J Grant
Ms M Gallacher





REGISTERED OFFICE: 6th Floor
Gordon Chambers
90 Mitchell Street
Glasgow
G1 3NQ





REGISTERED NUMBER: SC455515 (Scotland)





ACCOUNTANTS: BK Plus Ltd
6th Floor
Gordon Chambers
90 Mitchell Street
Glasgow
Lanarkshire
G1 3NQ

LIGHT ALLIANCE LIMITED (REGISTERED NUMBER: SC455515)

Balance Sheet
31 JULY 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 30,348 21,343

CURRENT ASSETS
Stocks - 21,600
Debtors 5 15,499 50,921
Cash at bank 89,130 35,273
104,629 107,794
CREDITORS
Amounts falling due within one year 6 72,062 89,533
NET CURRENT ASSETS 32,567 18,261
TOTAL ASSETS LESS CURRENT
LIABILITIES

62,915

39,604

PROVISIONS FOR LIABILITIES 5,463 4,055
NET ASSETS 57,452 35,549

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 57,442 35,539
SHAREHOLDERS' FUNDS 57,452 35,549

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

LIGHT ALLIANCE LIMITED (REGISTERED NUMBER: SC455515)

Balance Sheet - continued
31 JULY 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 April 2025 and were signed on its behalf by:





K J Grant - Director


LIGHT ALLIANCE LIMITED (REGISTERED NUMBER: SC455515)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 JULY 2024

1. STATUTORY INFORMATION

Light Alliance Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the amounts derived from the provision of goods and services which fall within the company's ordinary activities and is stated net of Value Added Tax. Revenue is recognised on despatch of goods.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on a reducing balance basis
Computer equipment - 20% on a reducing balance basis

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


LIGHT ALLIANCE LIMITED (REGISTERED NUMBER: SC455515)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JULY 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 August 2023 3,128 46,148 49,276
Additions 527 13,446 13,973
At 31 July 2024 3,655 59,594 63,249
DEPRECIATION
At 1 August 2023 1,390 26,543 27,933
Charge for year 357 4,611 4,968
At 31 July 2024 1,747 31,154 32,901
NET BOOK VALUE
At 31 July 2024 1,908 28,440 30,348
At 31 July 2023 1,738 19,605 21,343

LIGHT ALLIANCE LIMITED (REGISTERED NUMBER: SC455515)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JULY 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 38,716
Other debtors 15,499 12,205
15,499 50,921

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 16,521
Taxation and social security 6,059 9,434
Other creditors 66,003 63,578
72,062 89,533