Company registration number 04392931 (England and Wales)
ROBOLIGHTS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
ROBOLIGHTS LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
ROBOLIGHTS LIMITED
BALANCE SHEET
AS AT 31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
3
2,712
3,616
Tangible assets
4
89,195
57,270
91,907
60,886
Current assets
Stocks
583,787
489,167
Debtors
5
1,273,415
244,904
Cash at bank and in hand
544,965
1,744,128
2,402,167
2,478,199
Creditors: amounts falling due within one year
6
(1,509,869)
(2,070,262)
Net current assets
892,298
407,937
Total assets less current liabilities
984,205
468,823
Creditors: amounts falling due after more than one year
7
(6,639)
(9,129)
Net assets
977,566
459,694
Capital and reserves
Called up share capital
1,000
1,000
Profit and loss reserves
976,566
458,694
Total equity
977,566
459,694
ROBOLIGHTS LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2025
31 March 2025
- 2 -
For the financial year ended 31 March 2025 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 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 Companies Act 2006 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.
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
The financial statements were approved by the board of directors and authorised for issue on 6 August 2025 and are signed on its behalf by:
Mrs J A Baycock
Mr J P Baycock
Director
Director
Company registration number 04392931 (England and Wales)
ROBOLIGHTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
1
Accounting policies
Company information
Robolights Limited is a private company limited by shares incorporated in England and Wales. The registered office is 5 G D Units, Cofton Road, Marsh Barton, Exeter, EX2 8QW.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
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.
1.3
Intangible fixed assets other than goodwill
Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.
Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.
Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Website costs
10% straight line
1.4
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Plant and equipment
10% reducing balance
Fixtures and fittings
10% reducing balance
Computers
10% reducing balance
Motor vehicles
25% reducing balance
ROBOLIGHTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 4 -
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.5
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.
Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.
1.6
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.
1.7
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2025
2024
Number
Number
Total
12
9
ROBOLIGHTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 5 -
3
Intangible fixed assets
Website costs
£
Cost
At 1 April 2024 and 31 March 2025
9,040
Amortisation and impairment
At 1 April 2024
5,424
Amortisation charged for the year
904
At 31 March 2025
6,328
Carrying amount
At 31 March 2025
2,712
At 31 March 2024
3,616
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2024
123,680
Additions
45,925
Disposals
(21,545)
At 31 March 2025
148,060
Depreciation and impairment
At 1 April 2024
66,410
Depreciation charged in the year
10,166
Eliminated in respect of disposals
(17,711)
At 31 March 2025
58,865
Carrying amount
At 31 March 2025
89,195
At 31 March 2024
57,270
ROBOLIGHTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 6 -
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
338,921
69,268
Other debtors
934,494
175,636
1,273,415
244,904
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
39,602
229,712
Taxation and social security
313,987
237,206
Other creditors
1,156,280
1,603,344
1,509,869
2,070,262
Included in other creditors is a balance of £2,490 (2024: £2,490) representing the current portion of finance which is secured by fixed and floating charges on the assets of the company.
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Other creditors
6,639
9,129
Included in other creditors is a balance of £6,639 (2024: £9,129) representing the non-current portion of finance which is secured by fixed and floating charges on the assets of the company.
8
Directors' transactions
Advances or credits have been granted by the company to its directors as follows:
Description
% Rate
Opening balance
Amounts advanced
Interest charged
Amounts repaid
Closing balance
£
£
£
£
£
Two directors
2.25
160,716
188,508
2,264
(168,749)
182,739
160,716
188,508
2,264
(168,749)
182,739
Advances made to the directors are unsecured and repayable on demand.