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Logo On Report
Registered Number: 08531033
England and Wales

 

 

 


Unaudited Financial Statements

for the year ended 31 March 2025

for

PRIORITY LIGHTING SERVICES LTD

Director Mr Christopher Pryor
Registered Number 08531033
Registered Office 3 Brickfields Business Park
Old Stowmarket Road, Woolpit
Bury St Edmunds
IP30 9QS
Accountants Quove Accounting Ltd
3 Brickfields Business Park
Old Stowmarket Road, Woolpit
Bury St Edmunds
IP30 9QS
1
  2025   2024
    £ £   £ £
Fixed assets   9,392      12,523 
Current assets 208,926      213,596   
Creditors: amount falling due within one year (76,800)     (108,788)  
Net current assets   132,126      104,808 
Total assets less current liabilities   141,518      117,331 
Net assets   141,518      117,331 
 

         
Capital and reserves   141,518      117,331 
 
NOTES TO THE ACCOUNTS

General Information
Priority Lighting Services Ltd is a private company, limited by shares, registered in England and Wales, registration number 08531033, registration address 3 Brickfields Business Park, Old Stowmarket Road, Woolpit, Bury St Edmunds, IP30 9QS.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 105 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Goodwill
Acquired goodwill is written off in the year of acquisition.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Motor Vehicles 25% Reducing Balance
2.

Tangible fixed assets

Cost or valuation Motor Vehicles   Total
  £   £
At 01 April 2024 52,770    52,770 
Additions  
Disposals  
At 31 March 2025 52,770    52,770 
Depreciation
At 01 April 2024 40,247    40,247 
Charge for year 3,131    3,131 
On disposals  
At 31 March 2025 43,378    43,378 
Net book values
Closing balance as at 31 March 2025 9,392    9,392 
Opening balance as at 01 April 2024 12,523    12,523 


3.

Average number of employees

Average number of employees during the year was 2 (2024 : 1).

4.

Related parties

During the year the company entered into the following transactions with related parties:
Amount due from/to related party Provision for doubtful debt from the related party
2025
£
 2024
£
 2025
£
 2024
£
Christopher Pryor(29,797)(64,030)


For the year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's Responsibilities:
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.

The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the micro-entity provisions and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 14 April 2025 and were signed by:


--------------------------------
Mr Christopher Pryor
Director
2