REGISTERED NUMBER: 04517675 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Lightech Sound & Light Ltd

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

541,835

636,428

541,835

636,428

CURRENT ASSETS

Stocks

10,000

10,000

Debtors

6

61,562

111,295

Cash at bank and in hand

3,423

52,801

74,985

174,096

CREDITORS

Amounts falling due within one year

7

348,266

379,608

NET CURRENT LIABILITIES

(273,281

)

(205,512

)

TOTAL ASSETS LESS CURRENT LIABILITIES

268,554

430,916

CREDITORS

Amounts falling due after more than one year

8

(120,396

)

(197,362

)

PROVISIONS FOR LIABILITIES

(65,422

)

(127,944

)

NET ASSETS

82,736

105,610

CAPITAL AND RESERVES

Called up share capital

4

4

Retained earnings

82,732

105,606

SHAREHOLDERS' FUNDS

82,736

105,610

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 directors acknowledge their 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 May 2025 and were signed on its behalf by:

Mr S J A Heywood - Director

1.	STATUTORY INFORMATION

Lightech Sound & Light Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

04517675

Registered office:

Bramhall Hill Farm

North Rode

Congleton

Cheshire

CW12 2PJ

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net invoiced sales of goods and services, excluding of value added tax.

Revenue is recognised as the company becomes entitled to consideration for the goods and services supplied. Therefore, turnover also includes the element of work completed but not yet invoiced on service contracts.

Goodwill

Goodwill on an acquisition in 2003 has been fully amortised.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Improvements to property

-

5% on reducing balance

Plant and machinery

-

25% on reducing balance and 15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance and 15% on reducing balance

Computer equipment

-

15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 11 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

135,000

AMORTISATION

At 1 January 2024

and 31 December 2024

135,000

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 January 2024

309,142

1,661,003

49,455

Additions

-

21,906

235

Disposals

-

(905

)

-

At 31 December 2024

309,142

1,682,004

49,690

DEPRECIATION

At 1 January 2024

137,543

1,352,692

39,775

Charge for year

8,580

78,125

1,487

Eliminated on disposal

-

(205

)

-

At 31 December 2024

146,123

1,430,612

41,262

NET BOOK VALUE

At 31 December 2024

163,019

251,392

8,428

At 31 December 2023

171,599

308,311

9,680

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 January 2024

425,977

47,780

2,493,357

Additions

-

2,768

24,909

Disposals

(16,650

)

-

(17,555

)

At 31 December 2024

409,327

50,548

2,500,711

DEPRECIATION

At 1 January 2024

291,068

35,851

1,856,929

Charge for year

26,182

2,205

116,579

Eliminated on disposal

(14,427

)

-

(14,632

)

At 31 December 2024

302,823

38,056

1,958,876

NET BOOK VALUE

At 31 December 2024

106,504

12,492

541,835

At 31 December 2023

134,909

11,929

636,428

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 January 2024

93,833

129,614

223,447

Transfer to ownership

(64,267

)

52,176

(12,091

)

At 31 December 2024

29,566

181,790

211,356

DEPRECIATION

At 1 January 2024

51,295

59,716

111,011

Charge for year

2,745

15,618

18,363

Transfer to ownership

(40,029

)

31,644

(8,385

)

At 31 December 2024

14,011

106,978

120,989

NET BOOK VALUE

At 31 December 2024

15,555

74,812

90,367

At 31 December 2023

42,538

69,898

112,436

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

50,448

100,760

Other debtors

11,114

10,535

61,562

111,295

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

50,465

44,940

Hire purchase contracts

47,263

49,147

Trade creditors

66,849

51,818

Taxation and social security

70,702

102,557

Other creditors

112,987

131,146

348,266

379,608

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

99,421

139,433

Hire purchase contracts

20,975

57,929

120,396

197,362

9.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank loans

144,361

184,373

Hire purchase contracts

68,238

107,076

212,599

291,449

The bank loans are secured by a fixed and floating charge over the company's assets.

The obligations under hire purchase are secured against the asset to which they relate.