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Registered number: 4866464
INTELLIGENT LIGHTING SERVICES LTD
Financial Statements
For The Year Ended 31 August 2024
MUFTICO LTD.
FINANCIAL ACCOUNTANTS
14 NATAL ROAD
ILFORD
ESSEX
IG1 2HA
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 4866464
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 574,370 463,352
574,370 463,352
CURRENT ASSETS
Debtors 5 30,430 19,618
Cash at bank and in hand 25 1,059
30,455 20,677
Creditors: Amounts Falling Due Within One Year 6 (148,041 ) (201,347 )
NET CURRENT ASSETS (LIABILITIES) (117,586 ) (180,670 )
TOTAL ASSETS LESS CURRENT LIABILITIES 456,784 282,682
Creditors: Amounts Falling Due After More Than One Year 7 (75,121 ) (36,311 )
NET ASSETS 381,663 246,371
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account 381,662 246,370
SHAREHOLDERS' FUNDS 381,663 246,371
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For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr PAUL GOULD
Director
27/05/2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
INTELLIGENT LIGHTING SERVICES LTD is a private company, limited by shares, incorporated in England & Wales, registered number 4866464 . The registered office is 54 JUBILEE AVENUE, ROMFORD, ESSEX, RM7 9LT.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% Reducing Balance
Motor Vehicles 25% Reducing Balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.6. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
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3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 3 3
3 3
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 September 2023 1,252,659
Additions 305,260
Disposals (4,950 )
As at 31 August 2024 1,552,969
Depreciation
As at 1 September 2023 789,307
Provided during the period 191,457
Disposals (2,165 )
As at 31 August 2024 978,599
Net Book Value
As at 31 August 2024 574,370
As at 1 September 2023 463,352
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 12,957 3,145
Prepayments and accrued income 10,058 10,860
VAT 7,415 5,613
30,430 19,618
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6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 2,365 13,532
Trade creditors 100,827 149,839
Bank loans and overdrafts 21,589 22,547
Accruals and deferred income 1,850 1,803
Director's loan account 21,410 13,626
148,041 201,347
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 21,092 -
Bank loans- CBILS Loan Account 54,029 36,311
75,121 36,311
8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 2,365 13,532
Later than one year and not later than five years 21,092 -
23,457 13,532
23,457 13,532
9. Share Capital
2024 2023
Allotted, called up and fully paid £ £
1 Ordinary Shares of £ 1 each 1 1
10. Directors Advances, Credits and Guarantees
Dividends paid to directors
2024 2023
£ £
Mr PAUL GOULD 1,000 1,000
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11. Dividends
2024 2023
£ £
On equity shares:
Final dividend paid 1,000 1,000
The Dividend was paid to the Director Mr. P. A. F. Gould
12. Ultimate Controlling Party
The company's ultimate controlling party is Mr. P. A. F. Gould by virtue of his ownership of 100% of the issued share capital in the company.
Page 6