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REGISTERED NUMBER: 12128211 (England and Wales)















Financial Statements for the Year Ended 31 December 2023

for

Circa Lighting, Ltd.

Circa Lighting, Ltd. (Registered number: 12128211)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Circa Lighting, Ltd.

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Ms G Singer
Mr A S Singer



REGISTERED OFFICE: Unit 4 Design Centre North
1 Harbour Avenue
London
SW10 0HG



REGISTERED NUMBER: 12128211 (England and Wales)



SENIOR STATUTORY AUDITOR: MIchael Prosser



AUDITORS: RSM UK Audit LLP, Statutory Auditor
Chartered Accountants
Davidson House
Forbury Square
Reading
Berkshire
RG1 3EU

Circa Lighting, Ltd. (Registered number: 12128211)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £   
FIXED ASSETS
Intangible assets 4 - 24,656
Tangible assets 5 605,531 681,953
605,531 706,609

CURRENT ASSETS
Stocks 113,287 295,257
Debtors 6 352,172 157,448
Cash at bank 328,492 124,930
793,951 577,635
CREDITORS
Amounts falling due within one year 7 (2,473,054 ) (2,349,019 )
NET CURRENT LIABILITIES (1,679,103 ) (1,771,384 )
TOTAL ASSETS LESS CURRENT LIABILITIES (1,073,572 ) (1,064,775 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (1,073,573 ) (1,064,776 )
(1,073,572 ) (1,064,775 )

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 27 May 2025 and were signed on its behalf by:





Ms G Singer - Director


Circa Lighting, Ltd. (Registered number: 12128211)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Circa Lighting, Ltd. 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Going concern
The accounts are prepared on a going concern basis as in the opinion of the directors the company has sufficient finance available to it to meet its obligations as they fall due for the foreseeable future, that is at least 12 months from the date of approval of the accounts.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates
In the application of the company's accounting policies the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The company does not make significant estimates and assumptions concerning the future that affect the position shown in the accounts.

Turnover
Turnover is recognised at the fair value of the consideration received or receivable for the sale of goods and services in the ordinary nature of the business. Turnover is recognised when title to the goods passes to the customer and is shown net of Value Added Tax and trade discounts.

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.

Development costs are being amortised evenly over their estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - Straight line over 15 years
Fixtures and fittings - Straight line over 7 years
Computer equipment - 20% on cost

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

Circa Lighting, Ltd. (Registered number: 12128211)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

Financial instruments
Basic financial instruments are recognised at amortised cost using the effective interest method, except for investments in non-convertible preference and non-puttable preference and ordinary shares, which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and therefore at fair value, with changes recognised in profit and loss.

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.

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.

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 8 (2022 - 6 ) .

Circa Lighting, Ltd. (Registered number: 12128211)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2023
and 31 December 2023 95,669
AMORTISATION
At 1 January 2023 71,013
Charge for year 24,656
At 31 December 2023 95,669
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 24,656

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 846,806
DEPRECIATION
At 1 January 2023 164,853
Charge for year 76,422
At 31 December 2023 241,275
NET BOOK VALUE
At 31 December 2023 605,531
At 31 December 2022 681,953

6. DEBTORS
31.12.23 31.12.22
£    £   
Amounts falling due within one year:
Trade debtors 46,184 24,559
Other debtors 218,174 45,075
264,358 69,634

Circa Lighting, Ltd. (Registered number: 12128211)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

6. DEBTORS - continued
31.12.23 31.12.22
£    £   
Amounts falling due after more than one year:
Other debtors 87,814 87,814

Aggregate amounts 352,172 157,448

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 101,971 741
Amounts owed to group undertakings 1,529,556 1,755,765
Taxation and social security 27,889 21,964
Other creditors 813,638 570,549
2,473,054 2,349,019

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.23 31.12.22
£    £   
Within one year 294,930 287,003
Between one and five years 204,548 499,478
499,478 786,481

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

MIchael Prosser (Senior Statutory Auditor)
for and on behalf of RSM UK Audit LLP, Statutory Auditor

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Circa Lighting LLC, by virtue of 100% shareholdings.

Parent Co, Inc. is the smallest group to prepare consolidated financial statements, which include Circa Lighting Ltd. The consolidated financial statements can be obtained from the registered office: