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Registered number: 07428067
Lumenautica Limited
Unaudited Financial Statements
For The Year Ended 30 November 2024
SFB Group Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 07428067
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 97,269 114,416
97,269 114,416
CURRENT ASSETS
Stocks 5 88,301 67,427
Debtors 6 45,980 127,956
Cash at bank and in hand 84,856 357,144
219,137 552,527
Creditors: Amounts Falling Due Within One Year 7 (284,894 ) (221,946 )
NET CURRENT ASSETS (LIABILITIES) (65,757 ) 330,581
TOTAL ASSETS LESS CURRENT LIABILITIES 31,512 444,997
Creditors: Amounts Falling Due After More Than One Year 8 (7,564 ) (16,676 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (20,259 ) -
NET ASSETS 3,689 428,321
CAPITAL AND RESERVES
Called up share capital 10 74 100
Profit and Loss Account 3,615 428,221
SHAREHOLDERS' FUNDS 3,689 428,321
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For the year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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
J J Freeman
Director
18 June 2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Lumenautica Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07428067 . The registered office is Leicester Grange Farm, Watling Street, Hinckley, Leicestershire, LE10 3JA.
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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Turnover is measured at the fair value of the consideration received or receivable and represents the amount receivable for goods supplied, net of returns, discounts, valued added tax and other sales taxes.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using either a straight line or reducing balance method, as indicated below.
Depreciation is provided on the following basis:
Improvements to Property 10% per annum on cost amount
Plant & Machinery 15% per annum on net book amount
Motor Vehicles 20% per annum on net book amount
Fixtures & Fittings 15% per annum on net book amount
Computer Equipment 20% per annum on cost amount
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.
At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.
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2.6. 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 profit and loss account 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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.8. Debtors
Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.
2.9. Creditors
Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 11 (2023: 10)
11 10
4. Tangible Assets
Land & Property
Improvements to Property Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 December 2023 74,728 94,290 56,840 15,802
As at 30 November 2024 74,728 94,290 56,840 15,802
Depreciation
As at 1 December 2023 18,253 68,793 38,186 2,371
Provided during the period 7,472 3,823 3,731 2,014
As at 30 November 2024 25,725 72,616 41,917 4,385
...CONTINUED
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Net Book Value
As at 30 November 2024 49,003 21,674 14,923 11,417
As at 1 December 2023 56,475 25,497 18,654 13,431
Computer Equipment Total
£ £
Cost
As at 1 December 2023 14,335 255,995
As at 30 November 2024 14,335 255,995
Depreciation
As at 1 December 2023 13,976 141,579
Provided during the period 107 17,147
As at 30 November 2024 14,083 158,726
Net Book Value
As at 30 November 2024 252 97,269
As at 1 December 2023 359 114,416
5. Stocks
2024 2023
£ £
Stock 55,000 45,000
Work in progress 33,301 22,427
88,301 67,427
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 30,244 100,660
Other debtors 15,736 27,296
45,980 127,956
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 44,786 28,334
Other loans 10,000 10,000
Other creditors 223,834 177,105
Taxation and social security 6,274 6,507
284,894 221,946
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8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other loans 7,564 16,676
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 74 100
11. Related Party Transactions
During the year the company purchased 26 of its own shares from Mr D J Freeman for consideration of £465,000. Following the purchase the shares were cancelled.
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