Company Registration No. 04003902 (England and Wales)
The Festive Lighting Company Limited
Unaudited accounts
for the year ended 28 February 2025
The Festive Lighting Company Limited
Unaudited accounts
Contents
The Festive Lighting Company Limited
Statement of financial position
as at 28 February 2025
Tangible assets
482,321
430,668
Inventories
279,839
374,644
Debtors
2,078,337
1,801,011
Cash at bank and in hand
32,951
208,681
Creditors: amounts falling due within one year
(224,780)
(212,185)
Net current assets
2,166,347
2,172,151
Total assets less current liabilities
2,648,669
2,602,820
Creditors: amounts falling due after more than one year
(75,000)
(175,000)
Provisions for liabilities
Deferred tax
(35,890)
(19,089)
Net assets
2,537,779
2,408,731
Called up share capital
110
110
Profit and loss account
2,537,669
2,408,621
Shareholders' funds
2,537,779
2,408,731
For the year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
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 S Moore
Director
Company Registration No. 04003902
The Festive Lighting Company Limited
Notes to the Accounts
for the year ended 28 February 2025
The Festive Lighting Company Limited is a private company, limited by shares, registered in England and Wales, registration number 04003902. The registered office is THE FESTIVE LIGHTING COMPANY LIMITED, BLACKMOOR, WEST BUCKLAND, WELLINGTON, SOMERSET, TA21 9LQ, ENGLAND.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
The accounts have been prepared on the going concern basis. The directors consider this to be appropriate, given that the company's results have not been significantly impacted by the Covid-19 crisis and the future order book remains bouyant.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The Festive Lighting Company Limited
Notes to the Accounts
for the year ended 28 February 2025
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
2% Straight Line or Length of Lease
Plant & machinery
20% Reducing Balance
Motor vehicles
25% Reducing Balance
Fixtures & fittings
20% Reducing Balance
Computer equipment
33% Straight Line
Other tangible fixed assets
Hire Stock is depreciated over the length of the contract
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Intangible fixed assets
Goodwill
The Festive Lighting Company Limited
Notes to the Accounts
for the year ended 28 February 2025
5
Tangible fixed assets
Land & buildings
Plant & machinery
Total
Cost or valuation
At cost
At cost
At 1 March 2024
305,747
1,529,459
1,835,206
Additions
-
233,391
233,391
Disposals
-
(977,888)
(977,888)
At 28 February 2025
305,747
784,962
1,090,709
At 1 March 2024
56,952
1,347,586
1,404,538
Charge for the year
3,315
178,423
181,738
On disposals
-
(977,888)
(977,888)
At 28 February 2025
60,267
548,121
608,388
At 28 February 2025
245,480
236,841
482,321
At 29 February 2024
248,795
181,873
430,668
Amounts falling due within one year
Trade debtors
158,969
36,876
Accrued income and prepayments
1,843
1,417
Amounts falling due after more than one year
Amounts due from group undertakings etc.
1,912,731
1,762,718
7
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
100,000
100,000
Trade creditors
78,121
51,313
Taxes and social security
41,469
48,981
Other creditors
3,064
2,446
8
Creditors: amounts falling due after more than one year
2025
2024
The Festive Lighting Company Limited
Notes to the Accounts
for the year ended 28 February 2025
9
Operating lease commitments
2025
2024
At 28 February 2025 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
26,126
26,987
Later than one year and not later than five years
62,279
65,209
The ultimate controlling party is FLC Holdings Ltd, a company registered in England and Wales with registration number 13534267 and registered office at 15 Queen's Drive, Taunton, Somerset, TA1 4XW.
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Average number of employees
During the year the average number of employees was 18 (2024: 17).