Acorah Software Products - Accounts Production 16.2.850 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 SC699946 Mr Nikita Perezilo true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC699946 2023-08-31 SC699946 2024-08-31 SC699946 2023-09-01 2024-08-31 SC699946 frs-core:CurrentFinancialInstruments 2024-08-31 SC699946 frs-core:ShareCapital 2024-08-31 SC699946 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 SC699946 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 SC699946 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 SC699946 frs-bus:SmallEntities 2023-09-01 2024-08-31 SC699946 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 SC699946 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 SC699946 1 2023-09-01 2024-08-31 SC699946 frs-bus:Director1 2023-09-01 2024-08-31 SC699946 frs-countries:Scotland 2023-09-01 2024-08-31 SC699946 2022-08-31 SC699946 2023-08-31 SC699946 2022-09-01 2023-08-31 SC699946 frs-core:CurrentFinancialInstruments 2023-08-31 SC699946 frs-core:ShareCapital 2023-08-31 SC699946 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: SC699946
Lumini Crystals Ltd
Unaudited Financial Statements
For The Year Ended 31 August 2024
Rosslyn Associates Ltd
Chartered Tax Advisers & Accountants
The Walled Garden
South Building
Bush Estate
Midlothian
EH26 0SD
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: SC699946
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Stocks 4 1,249 7,203
Debtors 5 496 1,276
Cash at bank and in hand 13,118 16,118
14,863 24,597
Creditors: Amounts Falling Due Within One Year 6 (30,948 ) (30,585 )
NET CURRENT ASSETS (LIABILITIES) (16,085 ) (5,988 )
TOTAL ASSETS LESS CURRENT LIABILITIES (16,085 ) (5,988 )
NET LIABILITIES (16,085 ) (5,988 )
CAPITAL AND RESERVES
Called up share capital 7 200 200
Profit and Loss Account (16,285 ) (6,188 )
SHAREHOLDERS' FUNDS (16,085) (5,988)
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 Nikita Perezilo
Director
30/05/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Lumini Crystals Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC699946 . The registered office is 10 Beaverhall Road, Edinburgh, Scotland, EH7 4JE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
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. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.4. 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.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.6. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
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Page 2
Page 3
4. Stocks
2024 2023
£ £
Finished goods 1,249 7,203
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 5 52
Other debtors 491 1,224
496 1,276
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 30,948 30,539
Taxation and social security - 46
30,948 30,585
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 200 200
8. Related Party Transactions
The directors are of the opinion that all related party transactions are conducted under normal market conditions and on an arm's length basis and therefore do not need to be disclosed under FRS 102 section 1A appendix C.
9. Ultimate Controlling Party
The company's ultimate controlling party is Nikita Perezilo by virtue of his 100% ownership of the issued share capital in Assets Pact Ltd, which has 75% ownership of the issued share capital in Lumini Crystals Ltd.
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