REGISTERED NUMBER: SC459485 (Scotland)

Unaudited Financial Statements

for the Year Ended 30 April 2025

for

Lightbox Reward Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

C A Bell

M L Steel

G A Brown

G McInally

REGISTERED OFFICE:

112 Commercial Street

Edinburgh

EH6 6NF

REGISTERED NUMBER:

SC459485 (Scotland)

ACCOUNTANTS:

A H & Co Ltd

Chartered Accountants

6 Logie Mill

Edinburgh

Lothian

EH7 4HG

FIXED ASSETS

Intangible assets

3

-

-

Tangible assets

4

1,677

1,468

1,677

1,468

CURRENT ASSETS

Debtors

5

3,139

4,874

Cash at bank

13,568

9,857

16,707

14,731

CREDITORS

Amounts falling due within one year

6

337,869

236,707

NET CURRENT LIABILITIES

(321,162

)

(221,976

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(319,485

)

(220,508

)

CREDITORS

Amounts falling due after more than one year

7

-

(75,000

)

PROVISIONS FOR LIABILITIES

8

(348

)

(279

)

NET LIABILITIES

(319,833

)

(295,787

)

CAPITAL AND RESERVES

Called up share capital

9

105

105

Share premium

10

14,997

14,997

Retained earnings

10

(334,935

)

(310,889

)

SHAREHOLDERS' FUNDS

(319,833

)

(295,787

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 September 2025 and were signed on its behalf by:

C A Bell - Director

1.	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 stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the balance sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the balance sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of three years.

Tangible fixed assets

Tangible fixed assets are stated at cost, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Fixtures and fittings

-

20% on cost

Computer equipment

-

33% on cost

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Provisions

Provisions are recognised when the company has a present obligation (legal or constructive) as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the balance sheet date, taking into account the risks and uncertainties surrounding the obligation.

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a small company.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

3.	INTANGIBLE FIXED ASSETS

Development

costs

£

COST

At 1 May 2024

and 30 April 2025

10,340

AMORTISATION

At 1 May 2024

and 30 April 2025

10,340

NET BOOK VALUE

At 30 April 2025

-

At 30 April 2024

-

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 May 2024

4,642

3,087

7,729

Additions

-

1,188

1,188

Disposals

-

(2,060

)

(2,060

)

At 30 April 2025

4,642

2,215

6,857

DEPRECIATION

At 1 May 2024

4,212

2,049

6,261

Charge for year

173

425

598

Eliminated on disposal

-

(1,679

)

(1,679

)

At 30 April 2025

4,385

795

5,180

NET BOOK VALUE

At 30 April 2025

257

1,420

1,677

At 30 April 2024

430

1,038

1,468

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Trade debtors

907

1,112

Other debtors

2,232

3,762

3,139

4,874

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Trade creditors

113

10,916

Taxation and social security

5,472

3,691

Other creditors

332,284

222,100

337,869

236,707

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.25

30.4.24

£

£

Other creditors

-

75,000

8.	PROVISIONS FOR LIABILITIES

30.4.25

30.4.24

£

£

Deferred tax

348

279

Deferred

tax

£

Balance at 1 May 2024

279

Provided during year

69

Balance at 30 April 2025

348

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.25

30.4.24

value:

£

£

105

Ordinary

£1

105

105

10.

RESERVES

Retained

Share

earnings

premium

Totals

£

£

£

At 1 May 2024

(310,889

)

14,997

(295,892

)

Deficit for the year

(24,046

)

(24,046

)

At 30 April 2025

(334,935

)

14,997

(319,938

)

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The company owed a director £nil at 30 April 2025 (2024: £24,528).

12.	RELATED PARTY DISCLOSURES

Related Party

Transaction

Amount in the period ended 30.4.25

Amount in the year ended 30.4.24

Balance receivable from/(payable to) as at 30.4.25

Balance receivable from/(payable to) as at 30.4.24

£

£

£

£

Company A

Loan

176,835

-

-

(176,835)

Purchases

(394)

(384)

-

-

Recharge

7,725

(551)

-

-

Sales

27,500

-

-

-

Company B

Loan

(312,513)

-

(312,513)

-

Directors pension company

Rent

(15,000)

(8,750)

-

(9,000)

Service Charge

(514)

(251)

-

(251)

Family member of director

Reimbursed Expenses

-

(103)

-

(103)

Purchases

(11,000)

-

-

-

The directors of Lightbox Reward Limited are also directors of Company A and Company B.

13.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Sixty Seven Group Limited.