REGISTERED NUMBER: 07797496 (England and Wales)

NOTTINGHAM LIGHTING CENTRE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

7

DIRECTORS:

Mr R M O'Neill

Mrs N J O'Neill

REGISTERED OFFICE:

45-51 Maid Marian Way

Nottingham

Nottinghamshire

NG1 6GE

REGISTERED NUMBER:

07797496 (England and Wales)

ACCOUNTANTS:

Johnson Tidsall Limited

Chartered Accountants

81 Burton Road

Derby

Derbyshire

DE1 1TJ

FIXED ASSETS

Intangible assets

4

6,258

-

Tangible assets

5

38,491

54,207

44,749

54,207

CURRENT ASSETS

Stocks

6

117,558

120,150

Debtors

7

21,660

13,739

Cash at bank and in hand

597,163

631,493

736,381

765,382

CREDITORS

Amounts falling due within one year

8

294,273

290,374

NET CURRENT ASSETS

442,108

475,008

TOTAL ASSETS LESS CURRENT LIABILITIES

486,857

529,215

CREDITORS

Amounts falling due after more than one year

9

(22,933

)

(39,477

)

PROVISIONS FOR LIABILITIES

(15,577

)

(15,577

)

NET ASSETS

448,347

474,161

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

448,247

474,061

SHAREHOLDERS' FUNDS

448,347

474,161

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 September 2025 and were signed on its behalf by:

Mrs N J O'Neill - Director

1.	STATUTORY INFORMATION

Nottingham Lighting Centre Limited 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.

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 is derived from wholesale, retail and supply of electrical light fittings and associated items, measured at the fair value of the consideration received or receivable, excluding discount, rebates, and other sales taxes.

Intangible assets

Amortisation is calculated so as to write off the cost of the asset, less its estimated residual value, over the useful economic life of that asset as follows:

Computer software - Website - 5 years straight line

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

33% on cost

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

33% on cost and Straight line over 1 year

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

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 Statement of Income and Retained Earnings, 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 February 2024

7,250

Additions

7,750

At 31 January 2025

15,000

AMORTISATION

At 1 February 2024

7,250

Charge for year

1,492

At 31 January 2025

8,742

NET BOOK VALUE

At 31 January 2025

6,258

At 31 January 2024

-

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

Motor

Computer

property

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 February 2024

1,404

33,081

43,006

12,694

90,185

Additions

-

-

-

295

295

At 31 January 2025

1,404

33,081

43,006

12,989

90,480

DEPRECIATION

At 1 February 2024

1,404

22,890

10,464

1,220

35,978

Charge for year

-

2,047

8,136

5,828

16,011

At 31 January 2025

1,404

24,937

18,600

7,048

51,989

NET BOOK VALUE

At 31 January 2025

-

8,144

24,406

5,941

38,491

At 31 January 2024

-

10,191

32,542

11,474

54,207

6.

STOCKS

2025

2024

£

£

Finished goods

117,558

120,150

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

8,671

702

Other debtors

1,357

1,357

Prepayments and accrued income

11,632

11,680

21,660

13,739

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

10,000

10,000

Hire purchase contracts

6,417

6,417

Trade creditors

155,593

136,157

Corporation tax

14,951

28,846

Social security and other taxes

733

1,065

VAT

2,322

7,911

Other creditors

108

96

Directors' current accounts

99,549

95,199

Accruals and deferred income

4,600

4,683

294,273

290,374

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 2-5 years

3,887

14,014

Hire purchase contracts

19,046

25,463

22,933

39,477

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

11.	OTHER FINANCIAL COMMITMENTS

The company had total commitments, guarantees and contingencies not included in the balance sheet of £167,521. (2024 - £214,271).

12.	RELATED PARTY DISCLOSURES

2025

2024

£

£

Amount due to the directors at the balance sheet date

99,549

95,199

The amounts are interest free, and have no formal repayment terms.