REGISTERED NUMBER: 09906851 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Lightning House Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

B E Pierce

REGISTERED OFFICE:

109 Lache Lane

Chester

CH4 7LT

REGISTERED NUMBER:

09906851 (England and Wales)

ACCOUNTANTS:

Summit Accountants Limited

M.01 Tomorrow

MediaCityUK

Salford

Greater Manchester

M50 2AB

FIXED ASSETS

Tangible assets

4

20,525

25,837

CURRENT ASSETS

Debtors

5

3,726

1,046

Prepayments and accrued income

294

691

Cash at bank

215

1,701

4,235

3,438

CREDITORS

Amounts falling due within one year

6

181,384

138,836

NET CURRENT LIABILITIES

(177,149

)

(135,398

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(156,624

)

(109,561

)

CREDITORS

Amounts falling due after more than one year

7

(24,134

)

(29,612

)

PROVISIONS FOR LIABILITIES

(5,131

)

(6,459

)

NET LIABILITIES

(185,889

)

(145,632

)

RESERVES

Retained earnings

(185,889

)

(145,632

)

(185,889

)

(145,632

)

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 September 2025 and were signed by:

B E Pierce - Director

1.	STATUTORY INFORMATION

Lightning House Ltd 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. The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Turnover

Turnover is recognised when, and to the extent that, the company obtains the right to consideration. The point of recognition is after the service has been performed, when the risk and rewards associated with the goods/services have been transferred or in accordance with contractual terms. Turnover excludes value added tax.

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 etc

-

25% on reducing balance, 20% on reducing balance and 20% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Going concern

The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

56,325

Additions

1,007

At 31 December 2024

57,332

DEPRECIATION

At 1 January 2024

30,488

Charge for year

6,319

At 31 December 2024

36,807

NET BOOK VALUE

At 31 December 2024

20,525

At 31 December 2023

25,837

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

-

98

Other debtors

3,726

948

3,726

1,046

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

1,833

1,222

Hire purchase contracts

5,111

5,111

Trade creditors

1,423

526

Taxation and social security

33

(157

)

Other creditors

172,984

132,134

181,384

138,836

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

9,048

10,897

Hire purchase contracts

15,086

18,715

24,134

29,612

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

1,715

3,564

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

As of 31 December 2024, £164,684 was owed by the company to the director.

No formal repayment terms have been agreed.