REGISTERED NUMBER: 01136769 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Forma Lighting Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mr Saul Guido Maghnagi

Mr Lawrence Renzo Maghnagi

REGISTERED OFFICE:

Unit 3 Mitcham Industrial Estate

85 Streatham Road

Mitcham

Surrey

CR4 2AP

REGISTERED NUMBER:

01136769 (England and Wales)

ACCOUNTANTS:

AFE Accountants Limited

North London Business Park

Oakleigh Road South

New Southgate

London

N11 1GN

FIXED ASSETS

Property, plant and equipment

4

669,388

694,221

CURRENT ASSETS

Inventories

-

1,150

Debtors

5

232,589

220,277

Cash at bank

382,921

387,539

615,510

608,966

CREDITORS

Amounts falling due within one year

6

114,941

128,044

NET CURRENT ASSETS

500,569

480,922

TOTAL ASSETS LESS CURRENT LIABILITIES

1,169,957

1,175,143

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

1,168,957

1,174,143

1,169,957

1,175,143

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 September 2025 and were signed on its behalf by:

Mr Saul Guido Maghnagi - Director

1.	STATUTORY INFORMATION

Forma 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.

Tangible fixed assets

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

Stocks

Inventories 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 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 1 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2024

and 31 December 2024

1,236,765

37,013

1,273,778

DEPRECIATION

At 1 January 2024

543,497

36,060

579,557

Charge for year

24,735

98

24,833

At 31 December 2024

568,232

36,158

604,390

NET BOOK VALUE

At 31 December 2024

668,533

855

669,388

At 31 December 2023

693,268

953

694,221

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

17,650

5,600

Amounts owed by participating interests

167,579

167,579

Other debtors

47,360

47,098

232,589

220,277

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

6,558

33,407

Taxation and social security

14,437

5,450

Other creditors

93,946

89,187

114,941

128,044

7.	RELATED PARTY DISCLOSURES

The company owns a controlling equity interest of 55% in Foma Lighting (Hong Kong) Ltd, trading in similar products. Mr L R Maghnagi is a director of both companies.

During the year under review, the company's sales made in the ordinary course of business to this overseas subsidiary company amounted to the sum of £nil (2023:£nil).

Management charges from Forma Lighting Limited, a company under the control of Mr S G Maghnagi and Mr L R Maghnagi (non-executive director) amounted to £170,969 for the year to 31 December 2024 (2023:132,053).