IRIS Accounts Production v25.2.0.378 08139079 director 1.1.24 31.12.24 31.12.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh081390792023-12-31081390792024-12-31081390792024-01-012024-12-31081390792022-12-31081390792023-01-012023-12-31081390792023-12-3108139079ns15:EnglandWales2024-01-012024-12-3108139079ns14:PoundSterling2024-01-012024-12-3108139079ns10:Director12024-01-012024-12-3108139079ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3108139079ns10:SmallEntities2024-01-012024-12-3108139079ns10:AuditExempt-NoAccountantsReport2024-01-012024-12-3108139079ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3108139079ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3108139079ns10:FullAccounts2024-01-012024-12-310813907912024-01-012024-12-3108139079ns10:RegisteredOffice2024-01-012024-12-3108139079ns5:CurrentFinancialInstruments2024-12-3108139079ns5:CurrentFinancialInstruments2023-12-3108139079ns5:ShareCapital2024-12-3108139079ns5:ShareCapital2023-12-3108139079ns5:RetainedEarningsAccumulatedLosses2024-12-3108139079ns5:RetainedEarningsAccumulatedLosses2023-12-3108139079ns5:NetGoodwill2024-01-012024-12-3108139079ns5:LeaseholdImprovements2024-01-012024-12-3108139079ns5:FurnitureFittings2024-01-012024-12-3108139079ns5:NetGoodwill2023-12-3108139079ns5:NetGoodwill2024-12-3108139079ns5:NetGoodwill2023-12-3108139079ns5:LeaseholdImprovements2023-12-3108139079ns5:PlantMachinery2023-12-3108139079ns5:FurnitureFittings2023-12-3108139079ns5:PlantMachinery2024-01-012024-12-3108139079ns5:LeaseholdImprovements2024-12-3108139079ns5:PlantMachinery2024-12-3108139079ns5:FurnitureFittings2024-12-3108139079ns5:LeaseholdImprovements2023-12-3108139079ns5:PlantMachinery2023-12-3108139079ns5:FurnitureFittings2023-12-3108139079ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-3108139079ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-31
REGISTERED NUMBER: 08139079 (England and Wales)




















Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Light House Designs by Joanna Mann Ltd

Light House Designs by Joanna Mann Ltd (Registered number: 08139079)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Light House Designs by Joanna Mann Ltd

Company Information
for the Year Ended 31 December 2024







DIRECTOR: Mrs J E Smith





REGISTERED OFFICE: Oxleaze Farm
Filkins
Lechlade
Gloucestershire
GL7 3RB





REGISTERED NUMBER: 08139079 (England and Wales)

Light House Designs by Joanna Mann Ltd (Registered number: 08139079)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 17,625 17,177
17,625 17,177

CURRENT ASSETS
Debtors 7 62,428 55,962
Cash at bank and in hand 216,176 164,119
278,604 220,081
CREDITORS
Amounts falling due within one year 8 82,990 47,175
NET CURRENT ASSETS 195,614 172,906
TOTAL ASSETS LESS CURRENT
LIABILITIES

213,239

190,083

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 213,238 190,082
SHAREHOLDERS' FUNDS 213,239 190,083

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 August 2025 and were signed by:





Mrs J E Smith - Director


Light House Designs by Joanna Mann Ltd (Registered number: 08139079)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Light House Designs by Joanna Mann Ltd 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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 and represents the amount receivable for goods supplied or services rendered, net of returns, discounts and rebates allowed by the company and value added taxes.

Turnover from the sale of goods is recognised when the goods are physically delivered to the customer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the balance sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the balance sheet date. Where payments are received from customer in advance of services provided the amounts are recorded as deferred income and included as part of creditors due within one year.

Goodwill
Goodwill arising on the acquisition of subsidiary undertakings and businesses, representing any excess of the fair value of the consideration given over the fair value of the identifiable assets and liabilities acquired, is capitalised and written off on a straight line basis over its useful economic life which is 5 years. Provision is made for any impairment.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Improvements to property - 5% on a straight line basis
Fixtures and fittings - 25% on straight line basis

Tangible assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes the original purchase price, costs directly attributable to bringing the asset to its working condition for its intended use, dismantling and restoration costs and borrowing costs capitalised.

Financial instruments
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 debtors are stated at cost less impairment losses for bad and doubtful debts.

Basic financial liabilities, including trade and other creditors, bank loans, overdrafts and loans from fellow group companies, are initially recognised at transaction price. Bank loans and other loans are subsequently carried at amortised cost, using the effective interest rate method.

Cash and cash equivalents
Cash and cash equivalents includes cash in hand, deposits held at call with banks and other short-term highly liquid investments with original maturities of three moths or less.


Light House Designs by Joanna Mann Ltd (Registered number: 08139079)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

3. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Share capital
Ordinary Shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.

Distributions to shareholders
Dividends and other distributions to company's shareholders are recognised as a liability in the financial statements in the period in which the dividends and other distributions are approved by the company's shareholders. These amounts are recognised in the statement of changes in equity.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 10,000
AMORTISATION
At 1 January 2024
and 31 December 2024 10,000
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 -

Light House Designs by Joanna Mann Ltd (Registered number: 08139079)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

6. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings Totals
£    £    £    £   
COST
At 1 January 2024 19,102 2,969 23,723 45,794
Additions - - 3,171 3,171
At 31 December 2024 19,102 2,969 26,894 48,965
DEPRECIATION
At 1 January 2024 4,582 2,969 21,066 28,617
Charge for year 955 - 1,768 2,723
At 31 December 2024 5,537 2,969 22,834 31,340
NET BOOK VALUE
At 31 December 2024 13,565 - 4,060 17,625
At 31 December 2023 14,520 - 2,657 17,177

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 61,660 54,222
Prepayments and accrued income 768 1,740
62,428 55,962

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 18,246 1,396
Tax 37,323 35,948
Social security and other taxes - 655
VAT 24,812 4,624
Directors' current accounts 5 2,552
Accrued expenses 2,604 2,000
82,990 47,175

9. RELATED PARTY DISCLOSURES

At the year end the company owed the director £5 (2023: £2,552).

These loans are repayable on demand.

10. ULTIMATE CONTROLLING PARTY

The controlling party is Mrs J E Smith.