BrightAccountsProduction v1.0.0 v1.0.0 2024-01-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company are the sale of lighting products over the internet, and of web-design. 4 August 2025 20 22 NI054872 2024-12-31 NI054872 2023-12-31 NI054872 2022-12-31 NI054872 2024-01-01 2024-12-31 NI054872 2023-01-01 2023-12-31 NI054872 uk-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 NI054872 uk-curr:PoundSterling 2024-01-01 2024-12-31 NI054872 uk-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 NI054872 uk-bus:FullAccounts 2024-01-01 2024-12-31 NI054872 uk-bus:Director1 2024-01-01 2024-12-31 NI054872 uk-bus:Director2 2024-01-01 2024-12-31 NI054872 uk-bus:RegisteredOffice 2024-01-01 2024-12-31 NI054872 uk-bus:Agent1 2024-01-01 2024-12-31 NI054872 uk-core:ShareCapital 2024-12-31 NI054872 uk-core:ShareCapital 2023-12-31 NI054872 uk-core:OtherReservesSubtotal 2024-12-31 NI054872 uk-core:OtherReservesSubtotal 2023-12-31 NI054872 uk-core:RetainedEarningsAccumulatedLosses 2024-12-31 NI054872 uk-core:RetainedEarningsAccumulatedLosses 2023-12-31 NI054872 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-12-31 NI054872 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-12-31 NI054872 uk-bus:FRS102 2024-01-01 2024-12-31 NI054872 uk-core:Land 2024-01-01 2024-12-31 NI054872 uk-core:FurnitureFittingsToolsEquipment 2024-01-01 2024-12-31 NI054872 uk-core:MotorVehicles 2024-01-01 2024-12-31 NI054872 uk-core:CustomerRelationships 2023-12-31 NI054872 uk-core:CustomerRelationships 2024-01-01 2024-12-31 NI054872 uk-core:CustomerRelationships 2024-12-31 NI054872 uk-core:CurrentFinancialInstruments 2024-12-31 NI054872 uk-core:CurrentFinancialInstruments 2023-12-31 NI054872 uk-core:WithinOneYear 2024-12-31 NI054872 uk-core:WithinOneYear 2023-12-31 NI054872 uk-core:WithinOneYear 2024-12-31 NI054872 uk-core:WithinOneYear 2023-12-31 NI054872 uk-core:AfterOneYear 2024-12-31 NI054872 uk-core:AfterOneYear 2023-12-31 NI054872 uk-core:BetweenOneTwoYears 2024-12-31 NI054872 uk-core:BetweenOneTwoYears 2023-12-31 NI054872 uk-core:OtherMiscellaneousReserve 2023-12-31 NI054872 uk-core:OtherMiscellaneousReserve 2024-01-01 2024-12-31 NI054872 uk-core:AcceleratedTaxDepreciationDeferredTax 2024-12-31 NI054872 uk-core:TaxLossesCarry-forwardsDeferredTax 2024-12-31 NI054872 uk-core:OtherDeferredTax 2024-12-31 NI054872 uk-core:RevaluationPropertyPlantEquipmentDeferredTax 2024-12-31 NI054872 uk-core:OtherMiscellaneousReserve 2024-12-31 NI054872 2024-01-01 2024-12-31 NI054872 uk-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 xbrli:pure iso4217:GBP xbrli:shares
Company Registration Number: NI054872
 
 
Lightingenterprises.com Limited
 
Unaudited Financial Statements
 
for the financial year ended 31 December 2024
Lightingenterprises.com Limited
DIRECTOR AND OTHER INFORMATION

 
Directors Richard Browbek (Resigned 30 May 2025)
Anthony Brown
 
 
Company Registration Number NI054872
 
 
Registered Office and Business Address The Engine Room
Portview Trade Centre
310 Newtownards Road
Belfast
BT4 1HE
 
 
Accountants Muldoon
Chartered Accountants & Registered Auditors
16 Mount Charles
Belfast
BT7 INZ
 
 
Bankers First Trust
  85 Main Street
  Bangor
  Co.Down
  Northern Ireland



Lightingenterprises.com Limited
Company Registration Number: NI054872
STATEMENT OF FINANCIAL POSITION
as at 31 December 2024

2024 2023
Notes £ £
 
Non-Current Assets
Intangible assets 4 - 745,968
Property, plant and equipment 5 90,536 100,587
───────── ─────────
Non-Current Assets 90,536 846,555
───────── ─────────
 
Current Assets
Stocks 6 223,442 330,755
Debtors 7 1,632,079 505,241
Cash and cash equivalents 638,950 755,509
───────── ─────────
2,494,471 1,591,505
───────── ─────────
Creditors: amounts falling due within one year 8 (940,989) (1,154,277)
───────── ─────────
Net Current Assets 1,553,482 437,228
───────── ─────────
Total Assets less Current Liabilities 1,644,018 1,283,783
 
Creditors:
amounts falling due after more than one year 9 (24,384) (93,673)
 
Provisions for liabilities 11 (209,097) (211,647)
───────── ─────────
Net Assets 1,410,537 978,463
═════════ ═════════
 
Capital and Reserves
Called up share capital 1 1
Other reserves - 1
Retained earnings 1,410,536 978,461
───────── ─────────
Equity attributable to owners of the company 1,410,537 978,463
═════════ ═════════
 
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).
           
The company has taken advantage of the exemption under section 444 not to file the Income Statement and Director's Report.
           
For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The director acknowledges his responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Director and authorised for issue on 4 August 2025
           
           
           
________________________________          
Anthony Brown          
Director          
           



Lightingenterprises.com Limited
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 December 2024

   
1. General Information
 
Lighting Enterprises.com Limited is a private company limited by shares incorporated in United Kingdom, Registration number is NI054872. The principal place of business and the registered office  is 310 Newtownards Road, Belfast, Northern Ireland. The financial statements have been presented in Pound Sterling (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the year ended 31 December 2024 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Revenue
Turnover represents the total invoice value, excluding value added tax, of sales made during the year.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recoverable.
 
Intangible assets
 
 
Intangible Assets are carried at fair value with movements recognised in within the profit and loss account.
 
Property, plant and equipment and depreciation
Property, plant and equipment are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of property, plant and equipment, less their estimated residual value, over their expected useful lives as follows:
 
  Long leasehold property - 10% Straight line
  Fixtures, fittings and equipment - 20% Reducing Balance
  Motor vehicles - 25% Reducing Balance
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Leasing
Rentals payable under operating leases are dealt with in the Income Statement as incurred over the period of the rental agreement.
 
Stocks
Stocks are valued at the lower of cost and net realisable value.  Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition.  Full provision is made for obsolete and slow moving items.  Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Provisions
Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Employee benefits
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Statement of Financial Position date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
 
Government grants
Capital grants received and receivable are treated as deferred income and amortised to the Income Statement annually over the useful economic life of the asset to which it relates. Revenue grants are credited to the Income Statement when received.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Statement of Financial Position date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Income Statement.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
       
3. Employees
 
The average monthly number of employees, including director, during the financial year was:
 
  2024 2023
  Number Number
 
Employees 20 22
  ═════════ ═════════
       
4. Intangible assets
  Intangible  
  assets Total
  £ £
Cost
At 1 January 2024 745,968 745,968
Disposals (745,968) (745,968)
  ───────── ─────────
At 31 December 2024 - -
  ───────── ─────────
Net book value
At 31 December 2024 - -
  ═════════ ═════════
At 31 December 2023 745,968 745,968
  ═════════ ═════════
           
5. Property, plant and equipment
  Long Fixtures, Motor Total
  leasehold fittings and vehicles  
  property equipment    
  £ £ £ £
Cost
At 1 January 2024 67,088 175,769 820 243,677
Additions - 11,182 - 11,182
  ───────── ───────── ───────── ─────────
At 31 December 2024 67,088 186,951 820 254,859
  ───────── ───────── ───────── ─────────
Depreciation
At 1 January 2024 30,431 111,985 674 143,090
Charge for the financial year 6,709 14,502 22 21,233
  ───────── ───────── ───────── ─────────
At 31 December 2024 37,140 126,487 696 164,323
  ───────── ───────── ───────── ─────────
Net book value
At 31 December 2024 29,948 60,464 124 90,536
  ═════════ ═════════ ═════════ ═════════
At 31 December 2023 36,657 63,784 146 100,587
  ═════════ ═════════ ═════════ ═════════
       
6. Stocks 2024 2023
  £ £
 
Finished goods and goods for resale 223,442 330,755
  ═════════ ═════════
 
The replacement cost of stock did not differ significantly from the figures shown.
       
7. Debtors 2024 2023
  £ £
 
Trade debtors 102,215 287,712
Other debtors 42,672 61,682
Director's current account  (Note 12) 1,481,999 150,796
Prepayments and accrued income 5,193 5,051
  ───────── ─────────
  1,632,079 505,241
  ═════════ ═════════
       
8. Creditors 2024 2023
Amounts falling due within one year £ £
 
Bank loan - 8,267
Bank loan 68,973 57,764
Trade creditors 572,528 819,034
Taxation  (Note 10) 280,478 255,869
Accruals:
Pension accrual 2,842 3,373
Other accruals 16,168 9,970
  ───────── ─────────
  940,989 1,154,277
  ═════════ ═════════
 
Bank loans are secured by a goverment backed loan scheme and a debenture over the assets and undertakings of the company and a personal guarantee from the Directors.
       
9. Creditors 2024 2023
Amounts falling due after more than one year £ £
 
Bank loan 1 317
Bank loans 24,383 93,356
  ───────── ─────────
  24,384 93,673
  ═════════ ═════════
 
Loans
Repayable in one year or less, or on demand (Note 8) 68,973 66,031
Repayable between one and two years 24,384 93,673
  ───────── ─────────
  93,357 159,704
  ═════════ ═════════
 
       
10. Taxation 2024 2023
  £ £
 
Creditors:
VAT 71,169 103,795
Corporation tax 209,271 146,126
PAYE / NI 38 5,948
  ───────── ─────────
  280,478 255,869
  ═════════ ═════════
           
11. Provisions for liabilities
 
The amounts provided for deferred taxation are analysed below:
 
  Capital Other Total Total
  allowances differences    
         
      2024 2023
  £ £ £ £
 
At financial year start 211,647 - 211,647 107,644
Charged to profit and loss - (2,550) (2,550) 104,003
  ───────── ───────── ───────── ─────────
At financial year end 211,647 (2,550) 209,097 211,647
  ═════════ ═════════ ═════════ ═════════
   
12. Director's advances, credits and guarantees
 
During the year the company advanced loans to the directors of £1,331,203 (Dec 23: £185,242)  from the company. At the year end £1,481,992 (Dec 23: £150,796) remained outstanding. Interest is charged at 2.5% and the loan amount is repayable on demand.
   
13. Events After the End of the Reporting Period
 
There have been no significant events affecting the company since the financial year-end.