CTO Lighting Limited - Filleted accounts

Registered number

03419851

CTO Lighting Limited

Filleted Accounts for the year ended

31 March 2025

CTO Lighting Limited
Registered number:		03419851
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		1,147,047			1,123,193

Current assets
Stocks		1,568,548			1,399,840
Debtors	4	541,788			686,449
Cash at bank and in hand		503,772			279,318
		2,614,108			2,365,607

Creditors: amounts falling due within one year	5	(1,396,645)			(1,137,797)

Net current assets			1,217,463			1,227,810

Total assets less current liabilities			2,364,510			2,351,003

Creditors: amounts falling due after more than one year	6		-			(52,279)



Net assets			2,364,510			2,298,724

Capital and reserves
Called up share capital			105			105
Profit and loss account			2,364,405			2,298,619

Shareholders' funds			2,364,510			2,298,724

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr C Turner			Mrs C Turner
Director			Director
Approved by the board on 3 September 2025

CTO Lighting Limited
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings	NIL
	Plant and machinery	over 4 years

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			32		29


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Total
£			£		£
	Cost
	At 1 April 2024	1,080,511		148,381		1,228,892
	Additions	-		57,442		57,442
	At 31 March 2025	1,080,511		205,823		1,286,334

	Depreciation
	At 1 April 2024	-		105,699		105,699
	Charge for the year	-		33,588		33,588
	At 31 March 2025	-		139,287		139,287

	Net book value
	At 31 March 2025	1,080,511		66,536		1,147,047
	At 31 March 2024	1,080,511		42,682		1,123,193


4	Debtors			2025		2024
£					£

	Trade debtors			274,939		255,327
	Amounts owed by group and associated companies			-		228,161
	Other debtors			252,311		188,423
	Rent deposit			14,538		14,538
				541,788		686,449


5	Creditors: amounts falling due within one year			2025		2024
£					£

	Bank loans and overdrafts			55,711		75,537
	Trade creditors			439,491		288,038
	Amounts owed to group and associated companies			139,762		-
	Other creditors and accruals			115,597		154,035
	Advanced deposits			355,514		344,924
	Taxation and social security costs			290,570		275,263
				1,396,645		1,137,797


6	Creditors: amounts falling due after one year			2025		2024
£					£

	Bank loans			-		52,279


7	Loans			2025		2024
£					£
	Creditors include:

	Secured bank loans			55,711		127,816

	Bank loans are secured by way of a fixed and floating charge over all the company's assets and leasehold property.


8	Other financial commitments			2025		2024
£					£

	Total future minimum payments under non-cancellable operating leases			262,500		367,500


9	Related party transactions

	CTO Lighting Europe B.V is a company in Holland in which the directors Christopher Turner and Clare Turner hold 100% of the issued share capital. As at 31 March 2025 CTO Lighting Ltd owed £139,762 to CTO Lighting Europe B.V. (2024 - £228,161 was owed by CTO Lighting Europe B.V.). All transactions were carried out on a commercial arms length basis. There are no set repayment terms on the loan.


10	Controlling party

	The company was under the control of its directors by virtue of their 100% shareholding.


11	Other information

	CTO Lighting Limited is a private company limited by shares and incorporated in England. Its registered office is:
	9 Cloudesley Road
	London
	N1 0FH