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REGISTERED NUMBER: 02895472 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

ECLIPSE (DISTRIBUTORS) LIMITED

ECLIPSE (DISTRIBUTORS) LIMITED (REGISTERED NUMBER: 02895472)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ECLIPSE (DISTRIBUTORS) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2025







DIRECTORS: Mr R J Pawley
Mr D A Adams
Mr P Jackson
Mr H B Jackson





SECRETARIES: Mr R J Pawley
Mrs H C Pawley
Mrs S Adams
Mrs L J Jackson





REGISTERED OFFICE: 1 Langley Court
Pyle Street
Newport
Isle of Wight
PO30 1LA





REGISTERED NUMBER: 02895472 (England and Wales)





ACCOUNTANTS: Mackenzies, a Xeinadin company
1 Langley Court
Pyle Street
Newport
Isle of Wight
PO30 1LA

ECLIPSE (DISTRIBUTORS) LIMITED (REGISTERED NUMBER: 02895472)

BALANCE SHEET
31 MARCH 2025

2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 230,246 188,899

CURRENT ASSETS
Stocks 5 750,290 752,256
Debtors 6 1,188,285 918,290
Prepayments and accrued income 33,197 32,640
Cash at bank and in hand 730,562 856,085
2,702,334 2,559,271
CREDITORS
Amounts falling due within one year 7 1,414,426 1,544,130
NET CURRENT ASSETS 1,287,908 1,015,141
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,518,154

1,204,040

CREDITORS
Amounts falling due after more than one
year

8

(39,140

)

(93,401

)

PROVISIONS FOR LIABILITIES 10 (17,088 ) (5,534 )
NET ASSETS 1,461,926 1,105,105

CAPITAL AND RESERVES
Called up share capital 11 2 2
Retained earnings 1,461,924 1,105,103
SHAREHOLDERS' FUNDS 1,461,926 1,105,105

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

ECLIPSE (DISTRIBUTORS) LIMITED (REGISTERED NUMBER: 02895472)

BALANCE SHEET - continued
31 MARCH 2025


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 August 2025 and were signed on its behalf by:





Mr H B Jackson - Director


ECLIPSE (DISTRIBUTORS) LIMITED (REGISTERED NUMBER: 02895472)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025


1. STATUTORY INFORMATION

Eclipse (Distributors) Limited 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.
Long leasehold - 2% on cost
Improvements to property - 25% on cost
Fixtures, fittings & equipment - 25% on reducing balance
Office equipment - 25% on reducing balance
Computer equipment - 33% on reducing balance

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Where the exchange rate has not fluctuated significantly during the year an average exchange rate is used throughout the period.

ECLIPSE (DISTRIBUTORS) LIMITED (REGISTERED NUMBER: 02895472)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


2. ACCOUNTING POLICIES - continued

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 11 (2024 - 12 ) .

4. TANGIBLE FIXED ASSETS
Fixtures,
Long Improvements fittings &
leasehold to property equipment
£ £ £
COST
At 1 April 2024 251,077 72,070 20,943
Additions - - 49,946
At 31 March 2025 251,077 72,070 70,889
DEPRECIATION
At 1 April 2024 76,687 72,070 20,378
Charge for year 4,869 - 6,053
At 31 March 2025 81,556 72,070 26,431
NET BOOK VALUE
At 31 March 2025 169,521 - 44,458
At 31 March 2024 174,390 - 565

Office Computer
equipment equipment Totals
£ £ £
COST
At 1 April 2024 26,377 74,952 445,419
Additions 6,518 4,572 61,036
At 31 March 2025 32,895 79,524 506,455
DEPRECIATION
At 1 April 2024 25,209 62,176 256,520
Charge for year 1,584 7,183 19,689
At 31 March 2025 26,793 69,359 276,209
NET BOOK VALUE
At 31 March 2025 6,102 10,165 230,246
At 31 March 2024 1,168 12,776 188,899

ECLIPSE (DISTRIBUTORS) LIMITED (REGISTERED NUMBER: 02895472)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


4. TANGIBLE FIXED ASSETS - continued

The long leasehold property is subject to a 125 year lease commencing on 27th October 1988, it was acquired by the company on 12th June 2008. The useful economic life of the property is considered to be 50 years. The property's address is Unit 2, Barrington Industrial Estate, Leicester, LEA 1ET.

The company has a long standing accounting policy of writing down all assets with a net book value of less than £500 to £Nil. The additional depreciation charge during the year relating to fixed asset write-downs was £4,865 (2024: £1,487).

5. STOCKS
2025 2024
£ £
Stocks 750,290 752,256

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£ £
Trade debtors 857,509 709,941
Other debtors 25,000 25,000
VAT 305,776 183,349
1,188,285 918,290

Other debtors consists of an amount paid to the company's landlords by way of a security deposit for the renewed lease of the business premises.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£ £
Bank loans and overdrafts 48,360 47,022
Trade creditors 501,386 713,319
Amounts owed to group undertakings 449,978 494,374
Tax 180,000 148,062
Social security and other taxes 5,315 5,776
Pension liability 712 1,098
Accrued expenses 228,675 134,479
1,414,426 1,544,130

Amounts owed to group undertakings relates to a balance due to Synergy Lighting Limited, a group company of £449,978 (2024: £394,374) and a balance due to Darap Limited, a group company , of £nil (2024: £100,000).

Accrued expenses consist of the following amounts:

Dilapidation provision on leasehold premises £155,000 (2024: £80,000)
Accountancy fees £12,290 (2024: £11,270)
Salaries owed £14,363 (2024: £13,940)
Rent receivable £8,625 (2024: £5,500)
Backdated rent increase provision £38,397 (2024: £nil)

ECLIPSE (DISTRIBUTORS) LIMITED (REGISTERED NUMBER: 02895472)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£ £
Bank loans - 1-2 years 39,140 48,211
Bank loans - 2-5 years - 45,190
39,140 93,401

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2025 2024
£ £
Within one year 95,100 95,100
Between one and five years 332,850 380,400
In more than five years - 47,550
427,950 523,050

The lease commitments relate to the rental of premises.

10. PROVISIONS FOR LIABILITIES
2025 2024
£ £
Deferred tax 17,088 5,534

Deferred tax
£
Balance at 1 April 2024 5,534
Provided during year 11,554
Accelerated capital allowances
Balance at 31 March 2025 17,088

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £ £
2 Ordinary £1 2 2

12. RELATED PARTY DISCLOSURES

The company received an amount of £104,259 (2024: £158,700) from Synergy Lighting Limited (a group company) in respect of premises rent and rates and a contribution to other overheads.These transactions were undertaken at market rates.

At the year end, an amount of £449,978 (2024: £394,374) was due to Synergy Lighting Limited, a group company.

ECLIPSE (DISTRIBUTORS) LIMITED (REGISTERED NUMBER: 02895472)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


13. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party, no individual shareholder holds more than 47% of the issued share capital of the ultimate parent company DARAP Limited.