REGISTERED NUMBER: 07949135 (England and Wales)

Joseph Read Lighting Limited

Unaudited Financial Statements

For The Year Ended 31st December 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

to

5

DIRECTOR:

K Moore

REGISTERED OFFICE:

77 Dales Road

Ipswich

Suffolk

IP1 4JR

REGISTERED NUMBER:

07949135 (England and Wales)

ACCOUNTANTS:

Cheney & Co

310 Wellingborough Road

Northampton

NN1 4EP

FIXED ASSETS

Tangible assets

5

57,713

45,019

CURRENT ASSETS

Stocks

145,261

163,208

Debtors

6

42,107

46,680

Cash at bank and in hand

19,331

109,242

206,699

319,130

CREDITORS

Amounts falling due within one year

7

170,098

285,899

NET CURRENT ASSETS

36,601

33,231

TOTAL ASSETS LESS CURRENT LIABILITIES

94,314

78,250

CREDITORS

Amounts falling due after more than one year

8

(28,908

)

(24,173

)

PROVISIONS FOR LIABILITIES

10

(5,800

)

(7,400

)

NET ASSETS

59,606

46,677

CAPITAL AND RESERVES

Called up share capital

11

30,100

30,100

Retained earnings

29,506

16,577

SHAREHOLDERS' FUNDS

59,606

46,677

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 15th September 2025 and were signed by:

K Moore - Director

1.	STATUTORY INFORMATION

Joseph Read 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.

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

The principal activity of the company was the electrical installation of audio, visual and lighting equipment.

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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

-

25% on reducing balance and 15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% 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 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 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

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1st January 2024

4,256

67,000

31,700

11,389

114,345

Additions

-

-

26,495

1,748

28,243

At 31st December 2024

4,256

67,000

58,195

13,137

142,588

DEPRECIATION

At 1st January 2024

3,419

39,061

17,730

9,116

69,326

Charge for year

217

4,193

10,117

1,022

15,549

At 31st December 2024

3,636

43,254

27,847

10,138

84,875

NET BOOK VALUE

At 31st December 2024

620

23,746

30,348

2,999

57,713

At 31st December 2023

837

27,939

13,970

2,273

45,019

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

38,890

39,491

Other debtors

3,217

7,189

42,107

46,680

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts (see note 9)

10,388

10,132

Hire purchase contracts

8,717

3,987

Trade creditors

41,295

146,750

Taxation and social security

16,983

12,958

Other creditors

92,715

112,072

170,098

285,899

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans (see note 9)

4,807

15,201

Hire purchase contracts

24,101

8,972

28,908

24,173

9.

LOANS

An analysis of the maturity of loans is given below:

2024

2023

£

£

Amounts falling due within one year or on demand:

HSBC BBL Loan

10,388

10,132

Amounts falling due between one and two years:

HSBC BBL Loan

4,807

10,388

Amounts falling due between two and five years:

HSBC BBL Loan

-

4,813

10.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred tax

5,800

7,400

Deferred

tax

£

Balance at 1st January 2024

7,400

Credit to Income Statement during year

(1,600

)

Balance at 31st December 2024

5,800

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

100

Ordinary shares

£1

100

100

30,000

Preference shares

£1

30,000

30,000

30,100

30,100

12.	CONTINGENT LIABILITIES

There were no contingent liabilities as at 31st December 2024 or 31st December 2023.

13.	CAPITAL COMMITMENTS

There were no capital commitments as at 31st December 2024 or 31st December 2023.