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REGISTERED NUMBER: 07891920 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

Light Fantastic DIY Limited

Light Fantastic DIY Limited (Registered number: 07891920)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Light Fantastic DIY Limited

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2025







DIRECTORS: A Butler
Mrs J Butler
P H Butler
Mrs A Edmunds





SECRETARY: Mrs J Butler





REGISTERED OFFICE: The Old Stag
Stag Hill
Yorkley
Lydney
Gloucestershire
GL15 4TD





REGISTERED NUMBER: 07891920 (England and Wales)





ACCOUNTANTS: Knights
2A Lighthouse Trade Park
Lydney
21 Highnam Business Centre
Highnam
Gloucestershire
GL2 8DN

Light Fantastic DIY Limited (Registered number: 07891920)

BALANCE SHEET
31 MARCH 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 588,005 559,443
588,005 559,443

CURRENT ASSETS
Stocks 230,000 313,533
Debtors 6 26,218 22,325
Cash at bank and in hand 84,814 33,166
341,032 369,024
CREDITORS
Amounts falling due within one year 7 107,863 135,343
NET CURRENT ASSETS 233,169 233,681
TOTAL ASSETS LESS CURRENT
LIABILITIES

821,174

793,124

CREDITORS
Amounts falling due after more than one
year

8

(90,048

)

(113,291

)

PROVISIONS FOR LIABILITIES 10 (23,770 ) (15,855 )
NET ASSETS 707,356 663,978

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 707,256 663,878
SHAREHOLDERS' FUNDS 707,356 663,978

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 Fantastic DIY Limited (Registered number: 07891920)

BALANCE SHEET - continued
31 MARCH 2025


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 May 2025 and were signed on its behalf by:




A Butler - Director



P H Butler - Director


Light Fantastic DIY Limited (Registered number: 07891920)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1. STATUTORY INFORMATION

Light Fantastic DIY Limited is a private company, limited by shares , registered in England and Wales. 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of two years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

Light Fantastic DIY Limited (Registered number: 07891920)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 18 (2024 - 17 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2024
and 31 March 2025 50,000
AMORTISATION
At 1 April 2024
and 31 March 2025 50,000
NET BOOK VALUE
At 31 March 2025 -
At 31 March 2024 -

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 April 2024 462,904 75,355 63,140 73,299 674,698
Additions - - - 45,901 45,901
At 31 March 2025 462,904 75,355 63,140 119,200 720,599
DEPRECIATION
At 1 April 2024 - 28,288 42,247 44,720 115,255
Charge for year - 7,060 3,134 7,145 17,339
At 31 March 2025 - 35,348 45,381 51,865 132,594
NET BOOK VALUE
At 31 March 2025 462,904 40,007 17,759 67,335 588,005
At 31 March 2024 462,904 47,067 20,893 28,579 559,443

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Other debtors 26,218 22,325

Light Fantastic DIY Limited (Registered number: 07891920)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 23,243 23,243
Hire purchase contracts (see note 9) 37,000 -
Trade creditors 5,348 50,682
Taxation and social security 28,847 29,682
Other creditors 13,425 31,736
107,863 135,343

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Bank loans 90,048 113,291

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2025 2024
£    £   
Net obligations repayable:
Within one year 37,000 -

Non-cancellable operating leases
2025 2024
£    £   
Within one year 1,193 1,546
Between one and five years 1,193 3,092
2,386 4,638

10. PROVISIONS FOR LIABILITIES
2025 2024
£    £   
Deferred tax 23,770 15,855

Deferred
tax
£   
Balance at 1 April 2024 15,855
Accelerated capital allowances 7,915
Balance at 31 March 2025 23,770