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REGISTERED NUMBER: 11160382 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

Light Financial Services Ltd

Light Financial Services Ltd (Registered number: 11160382)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Light Financial Services Ltd

Company Information
for the Year Ended 30 September 2024







DIRECTOR: Mr M D Lightfoot





REGISTERED OFFICE: Unit 33 Century Business Centre
Century Business Park
Manvers
Rotherham
South Yorkshire
S63 5DA





REGISTERED NUMBER: 11160382 (England and Wales)






Light Financial Services Ltd (Registered number: 11160382)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,568 1,100

CURRENT ASSETS
Debtors 5 374,037 601,900
Cash at bank 162,362 29,325
536,399 631,225
CREDITORS
Amounts falling due within one year 6 58,999 119,152
NET CURRENT ASSETS 477,400 512,073
TOTAL ASSETS LESS CURRENT
LIABILITIES

478,968

513,173

CREDITORS
Amounts falling due after more than one
year

7

(6,827

)

(16,807

)

PROVISIONS FOR LIABILITIES (392 ) (275 )
NET ASSETS 471,749 496,091

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 471,649 495,991
SHAREHOLDERS' FUNDS 471,749 496,091

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Financial Services Ltd (Registered number: 11160382)

Balance Sheet - continued
30 September 2024


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 director and authorised for issue on 18 June 2025 and were signed by:





Mr M D Lightfoot - Director


Light Financial Services Ltd (Registered number: 11160382)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Light Financial Services 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

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.

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 1 (2023 - 1 ) .

Light Financial Services Ltd (Registered number: 11160382)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2023 2,524
Additions 1,199
At 30 September 2024 3,723
DEPRECIATION
At 1 October 2023 1,424
Charge for year 731
At 30 September 2024 2,155
NET BOOK VALUE
At 30 September 2024 1,568
At 30 September 2023 1,100

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Other debtors 374,037 601,900

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 9,980 9,598
Taxation and social security 47,418 108,115
Other creditors 1,601 1,439
58,999 119,152

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Bank loans 6,827 16,807

8. SECURED DEBTS

The following secured debts are included within creditors:

30.9.24 30.9.23
£    £   
Bank loans 16,807 26,405

Light Financial Services Ltd (Registered number: 11160382)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 30.9.23
value: £    £   
100 Ordinary £1 100 100

10. RESERVES
Retained
earnings
£   

At 1 October 2023 495,991
Profit for the year 145,658
Dividends (170,000 )
At 30 September 2024 471,649

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included in debtors is £279,727 (2023: £507,912) in respect of a loan to the director. Interest is charged on the loan at 2.25% with no fixed repayment terms.