Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-312025-05-12falsefalsetrue2023-08-14No description of principal activity20trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 15073906 2023-08-13 15073906 2023-08-14 2024-12-31 15073906 1999-03-02 2023-08-13 15073906 2024-12-31 15073906 c:Director2 2023-08-14 2024-12-31 15073906 d:CurrentFinancialInstruments 2024-12-31 15073906 c:FRS102 2023-08-14 2024-12-31 15073906 c:AuditExempt-NoAccountantsReport 2023-08-14 2024-12-31 15073906 c:FullAccounts 2023-08-14 2024-12-31 15073906 c:PrivateLimitedCompanyLtd 2023-08-14 2024-12-31 15073906 2 2023-08-14 2024-12-31 15073906 e:PoundSterling 2023-08-14 2024-12-31 iso4217:GBP xbrli:pure

Registered number: 15073906









LIGHTMODE LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 DECEMBER 2024

 
LIGHTMODE LIMITED
REGISTERED NUMBER: 15073906

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
£


Current assets
64,740

Creditors: amounts falling due within one year
(290,915)

Net current liabilities
 
 
(226,175)

Total assets less current liabilities
(226,175)


Net liabilities
(226,175)



Capital and reserves
(226,175)


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 12 May 2025.




Angus Parker
Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
LIGHTMODE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

1.


General information

Lightmode Limited is a private company limited by share capital, incorporated in England and Wales, registration number 15073906. The address of the registered office is 48 George Street, Floor 2, London, England, W1U 7DY.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

At the balance sheet date, the company's liabilities exceeded its assets. The company has received
assurance from the parent undertaking that it will continue to give financial support to the company
for a period of at least twelve months from the date of signing of these financial statements.
On this basis, the directors have considered it appropriate to prepare the financial statements on a
going concern basis. However, should the financial support mentioned above not be forthcoming,
the going concern basis used in preparing the company's financial statements may be invalid and
adjustments would have to be made to reduce the value of assets to their realisable amount and to
provide for any further liabilities which might arise. The financial statements do not include any
adjustment to the company's assets or liabilities that might be necessary should this basis not
continue to be appropriate.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 2

 
LIGHTMODE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


 
2.6

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to sell. Cost is based on the cost of purchase on a first in, first out basis. 

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees




The average monthly number of employees, including directors, during the period was 2.


4.


Stocks

2024
£

Goods for resale
63,342

63,342



5.


Debtors

Page 3

 
LIGHTMODE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024
2024
£


Other debtors
1,398

1,398



6.


Creditors: Amounts falling due within one year

2024
£

Trade creditors
4,233

Amounts owed to group undertakings
278,030

Accruals and deferred income
8,652

290,915



7.


Related party transactions

Included in creditors at the balance sheet date are amounts totalling £278,030 owed to fellow group companies. These amounts are in respect of expenses borne by those companies on behalf of this entity. These amounts are unsecured, interest free and repayable on demand.

 
Page 4