Litelines Limited

Financial Statements for the Year Ended 31 March 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr P Bergman

Mr O Prevezer

REGISTERED OFFICE:

Unit 17 Cam Centre

Wilbury Way

Hitchin

Hertfordshire

SG4 0TW

REGISTERED NUMBER:

04605550 (England and Wales)

ACCOUNTANTS:

Hargreaves Owen Ltd

Chartered Certified Accountants

Red Sky House

Fairclough Hall, Halls Green

Weston

Hertfordshire

SG4 7DP

FIXED ASSETS

Tangible assets

4

22,221

29,628

CURRENT ASSETS

Stocks

132,350

109,263

Debtors

5

125,876

68,009

Cash at bank and in hand

21,978

75,370

280,204

252,642

CREDITORS

Amounts falling due within one year

6

140,425

125,692

NET CURRENT ASSETS

139,779

126,950

TOTAL ASSETS LESS CURRENT LIABILITIES

162,000

156,578

CREDITORS

Amounts falling due after more than one year

7

6,131

19,053

NET ASSETS

155,869

137,525

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

155,769

137,425

SHAREHOLDERS' FUNDS

155,869

137,525

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

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

The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2025 and were signed on its behalf by:

Mr P Bergman - Director

1.	STATUTORY INFORMATION

Litelines 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

-

25% on reducing balance

Motor vehicles

-

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.

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 6 (2024 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 April 2024

and 31 March 2025

13,906

53,816

67,722

DEPRECIATION

At 1 April 2024

9,010

29,084

38,094

Charge for year

1,224

6,183

7,407

At 31 March 2025

10,234

35,267

45,501

NET BOOK VALUE

At 31 March 2025

3,672

18,549

22,221

At 31 March 2024

4,896

24,732

29,628

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

118,043

60,176

Other debtors

5,875

5,875

Prepayments

1,958

1,958

125,876

68,009

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

7,462

7,462

Hire purchase contracts

4,838

5,055

Trade creditors

86,220

88,433

Corporation tax

24,834

1,591

PAYE

1,902

2,186

VAT

5,378

10,040

Pension fund

388

1,577

Credit card

7,143

8,076

Directors' current accounts

15

97

Accrued expenses

2,245

1,175

140,425

125,692

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

1,243

7,462

Bank loans - 2-5 years

-

1,865

Hire purchase contracts

4,888

9,726

6,131

19,053

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

51

A Ordinary

£1

51

51

49

B Ordinary

£1

49

49

100

100