REGISTERED NUMBER: 07562015 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

TEGRAL LIGHTING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr K Harris

REGISTERED OFFICE:

Unit 4 Myson Way

Bishops Storford

Hertfordshire

CM23 5JZ

REGISTERED NUMBER:

07562015 (England and Wales)

ACCOUNTANTS:

Xeinadin Isle of Wight

1 Langley Court

Pyle Street

Newport

Isle of Wight

PO30 1LA

FIXED ASSETS

Tangible assets

4

35,354

44,899

CURRENT ASSETS

Stocks

481,955

620,754

Debtors

5

377,710

332,415

Cash at bank and in hand

295,019

404,244

1,154,684

1,357,413

CREDITORS

Amounts falling due within one year

6

152,818

506,697

NET CURRENT ASSETS

1,001,866

850,716

TOTAL ASSETS LESS CURRENT LIABILITIES

1,037,220

895,615

PROVISIONS FOR LIABILITIES

8

-

531

NET ASSETS

1,037,220

895,084

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

1,037,120

894,984

SHAREHOLDERS' FUNDS

1,037,220

895,084

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 his 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 director and authorised for issue on 11 September 2025 and were signed by:

Mr K Harris - Director

1.	STATUTORY INFORMATION

Tegral Lighting 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.

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 measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Plant and machinery

-

15% on cost

Fixtures and fittings

-

15% on cost

Motor vehicles

-

20% on cost

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.

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 3 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 January 2024

and 31 December 2024

25,550

23,442

44,995

93,987

DEPRECIATION

At 1 January 2024

25,244

22,344

1,500

49,088

Charge for year

306

240

8,999

9,545

At 31 December 2024

25,550

22,584

10,499

58,633

NET BOOK VALUE

At 31 December 2024

-

858

34,496

35,354

At 31 December 2023

306

1,098

43,495

44,899

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

228,570

291,602

Other debtors

127,146

19,838

Deferred tax asset

1,162

-

Prepayments and accrued income

20,832

20,975

377,710

332,415

Other debtors relates to a rent deposit payment of £19,838 (2023: £19,838), which is repayable to the company at the end of the lease and an amount of £107,308 (2023: £Nil) due from Integral Lighting Ltd, a related company.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

3,509

83,260

Tax

48,531

74,816

Social security and other taxes

-

3,240

VAT

27,896

40,404

Other creditors

734

213,843

Directors' current accounts

4,455

3,158

Accruals and deferred income

67,693

87,976

152,818

506,697

Other creditors consists of an amount of £Nil (2023: £213,190) due to Integral Lighting Ltd, a related company and an amount of £734 (2023: £653) due in respect of pension liability.

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2024

2023

£

£

Within one year

77,500

77,500

Between one and five years

310,000

310,000

In more than five years

103,333

180,833

490,833

568,333

8.	PROVISIONS FOR LIABILITIES

2023

£

Deferred tax

531

Deferred tax

£

Balance at 1 January 2024

531

Provided during year

(1,693

)

Balance at 31 December 2024

(1,162

)

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

100

Ordinary

£1

100

100

10.	RELATED PARTY DISCLOSURES

The following companies are related parties as they have directors in common with Tegral Lighting Limited: Integral Lighting Limited; and Galaxy Lichttechnik Vertriebs GmbH.

As at the balance sheet date, there was an amount owing of £107,309 (2023: £213,189 owed) from Integral Lighting which is included within other debtors. During the year, the company sold goods amounting to £189,108 (2023: £231,322) to Integral Lighting Limited, and purchased goods amounting to £650,469 (2023: £729,928) from Integral Lighting Limited. These transactions were undertaken at market value.

Management fees were charged from Integral Lighting Limited amounting to £152,491 (2023: £130,650). The management fees cover a recharge of central resources and management time and were undertaken at arms length.

11.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr K Harris.