| Lighthouse Southwest Ltd |
| Registered number: |
11115503 |
| Balance Sheet |
| as at 31 December 2024 |
|
| Notes |
|
|
2024 |
|
|
2023 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
312,636 |
|
|
299,306 |
|
| Current assets |
| Debtors |
4 |
|
90,301 |
|
|
104,526 |
| Cash at bank and in hand |
|
|
538,709 |
|
|
289,990 |
|
|
|
629,010 |
|
|
394,516 |
|
| Creditors: amounts falling due within one year |
5 |
|
(128,702) |
|
|
(73,183) |
|
| Net current assets |
|
|
|
500,308 |
|
|
321,333 |
|
| Total assets less current liabilities |
|
|
|
812,944 |
|
|
620,639 |
|
| Creditors: amounts falling due after more than one year |
6 |
|
|
(133,812) |
|
|
(136,700) |
|
| Provisions for liabilities |
|
|
|
- |
|
|
(1,046) |
|
|
| Net assets |
|
|
|
679,132 |
|
|
482,893 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
2 |
|
|
2 |
| Profit and loss account |
|
|
|
679,130 |
|
|
482,891 |
|
| Shareholders' funds |
|
|
|
679,132 |
|
|
482,893 |
|
|
|
|
|
|
|
|
| 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. |
|
|
|
|
| Stephen Hanbury |
| Director |
| Approved by the board on 8 September 2025 |
|
| Lighthouse Southwest Ltd |
| Notes to the Accounts |
| for the year ended 31 December 2024 |
|
|
| 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). The financial statements are presented in sterling which the functional currency of the company and are rounded to the nearest £. |
|
|
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 rendering of services. 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 period of the contract provided by the year end with the total period of the contract. |
|
|
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 |
2% on the cost of the building only |
|
Vehicles |
25% reducing balance |
|
Plant and machinery |
25% straight line |
|
|
Debtors and creditors receivable/payable within one year |
|
Debtor and creditors with no stated interest rate and receivable and payable within one year are recorded at transaction price. Any losses from impairment are recognised in the profit and loss account in other administrative expenses. |
|
|
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. |
|
|
| 2 |
Employees |
2024 |
|
2023 |
| Number |
Number |
|
|
Average number of persons employed by the company |
11 |
|
10 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
Land and buildings |
|
Plant and machinery etc |
|
Motor vehicles |
|
Total |
| £ |
£ |
£ |
£ |
|
Cost |
|
At 1 January 2024 |
279,629 |
|
22,216 |
|
30,504 |
|
332,349 |
|
Additions |
- |
|
5,825 |
|
29,683 |
|
35,508 |
|
Disposals |
- |
|
(4,554) |
|
- |
|
(4,554) |
|
At 31 December 2024 |
279,629 |
|
23,487 |
|
60,187 |
|
363,303 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 January 2024 |
15,191 |
|
16,571 |
|
1,281 |
|
33,043 |
|
Charge for the year |
2,796 |
|
3,878 |
|
14,727 |
|
21,401 |
|
On disposals |
- |
|
(3,777) |
|
- |
|
(3,777) |
|
At 31 December 2024 |
17,987 |
|
16,672 |
|
16,008 |
|
50,667 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 December 2024 |
261,642 |
|
6,815 |
|
44,179 |
|
312,636 |
|
At 31 December 2023 |
264,438 |
|
5,645 |
|
29,223 |
|
299,306 |
|
|
| 4 |
Debtors |
2024 |
|
2023 |
| £ |
£ |
|
|
Trade debtors |
65 |
|
21,274 |
|
Deferred tax asset |
|
|
|
|
95 |
|
- |
|
Other debtors |
90,141 |
|
83,252 |
|
|
|
|
|
|
90,301 |
|
104,526 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2024 |
|
2023 |
| £ |
£ |
|
|
Bank loans and overdrafts |
11,607 |
|
11,527 |
|
Obligations under finance lease and hire purchase contracts |
9,272 |
|
3,033 |
|
Trade creditors |
955 |
|
1,656 |
|
Taxation and social security costs |
93,346 |
|
51,122 |
|
Other creditors |
13,522 |
|
5,845 |
|
|
|
|
|
|
128,702 |
|
73,183 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due after one year |
2024 |
|
2023 |
| £ |
£ |
|
|
Bank loans |
104,612 |
|
116,185 |
|
Obligations under finance lease and hire purchase contracts |
29,200 |
|
20,515 |
|
|
|
|
|
|
133,812 |
|
136,700 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Loans |
2024 |
|
2023 |
| £ |
£ |
|
Creditors include: |
|
Instalments falling due for payment after more than five years |
57,624 |
|
69,358 |
|
|
|
|
|
|
|
|
|
|
|
Secured bank loans |
116,219 |
|
127,712 |
|
|
|
|
|
|
|
|
|
|
The loan is secured by a fixed charge over the freehold property, the company's fixed assets at the property and all the goodwill of the company carried out at the freehold property. |
|
|
| 8 |
Loans to directors |
|
Description and conditions |
B/fwd |
Paid |
Repaid |
C/fwd |
| £ |
£ |
£ |
£ |
|
Director 1 |
|
Loan repayable on demand with interest charged at HMRC's official rate |
76,378 |
|
84,172 |
|
(89,856) |
|
70,694 |
|
|
Director 2 |
|
Loan repayable on demand |
1,024 |
|
4,000 |
|
(2,169) |
|
2,855 |
|
|
|
77,402 |
|
88,172 |
|
(92,025) |
|
73,549 |
|
|
|
|
|
|
|
|
|
|
| 9 |
Other information |
|
|
Lighthouse Southwest Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
|
|
5 Providence Court |
|
Pynes Hill |
|
Exeter |
|
Devon |
|
EX2 5JL |