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Company registration number: 10633166
Illuma Limited
Unaudited filleted financial statements
28 February 2025
Illuma Limited
Contents
Directors and other information
Accountants report
Statement of financial position
Notes to the financial statements
Illuma Limited
Directors and other information
Directors J Sherlock
M Ledder (Resigned 20 November 2024)
Company number 10633166
Registered office 8 Thirlmere Drive
Wallasey
Wirral
CH45 4LW
Accountants Hailwood & Co.
392-394 Hoylake Road
Moreton
Wirral
CH466DF
Illuma Limited
Chartered accountants report to the board of directors on the preparation of the
unaudited statutory financial statements of Illuma Limited
Year ended 28 February 2025
As described on the statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the year ended 28 February 2025 which comprise the statement of financial position and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
Hailwood & Co.
392-394 Hoylake Road
Moreton
Wirral
CH466DF
27 August 2025
Illuma Limited
Statement of financial position
28 February 2025
2025 2024
Note £ £ £ £
Fixed assets
Tangible assets 5 3,069 4,093
_______ _______
3,069 4,093
Current assets
Debtors 6 2,466 5,362
Cash at bank and in hand 16,195 12,670
_______ _______
18,661 18,032
Creditors: amounts falling due
within one year 7 ( 7,106) ( 14,499)
_______ _______
Net current assets 11,555 3,533
_______ _______
Total assets less current liabilities 14,624 7,626
_______ _______
Net assets 14,624 7,626
_______ _______
Capital and reserves
Called up share capital 200 200
Profit and loss account 14,424 7,426
_______ _______
Shareholders funds 14,624 7,626
_______ _______
For the year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 27 August 2025 , and are signed on behalf of the board by:
J Sherlock
Director
Company registration number: 10633166
Illuma Limited
Notes to the financial statements
Year ended 28 February 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 8 Thirlmere Drive, Wallasey, Wirral, CH45 4LW.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
4. Staff costs
The average number of persons employed by the company during the year amounted to 1 (2024: 1 ).
The aggregate payroll costs incurred during the year were:
2025 2024
£ £
Wages and salaries 9,038 8,400
_______ _______
5. Tangible assets
Plant and machinery Motor vehicles Total
£ £ £
Cost
At 29 February 2024 and 28 February 2025 3,398 7,412 10,810
_______ _______ _______
Depreciation
At 29 February 2024 2,239 4,478 6,717
Charge for the year 290 734 1,024
_______ _______ _______
At 28 February 2025 2,529 5,212 7,741
_______ _______ _______
Carrying amount
At 28 February 2025 869 2,200 3,069
_______ _______ _______
At 28 February 2024 1,159 2,934 4,093
_______ _______ _______
6. Debtors
2025 2024
£ £
Trade debtors 2,466 5,362
_______ _______
7. Creditors: amounts falling due within one year
2025 2024
£ £
Corporation tax 2,374 849
Social security and other taxes 1,466 1,028
Other creditors 3,266 12,622
_______ _______
7,106 14,499
_______ _______