PRISM LIGHTING LIMITED


Director	FLAVELL, Jean Geraldine


Registered Address	C/O Salisbury & Company Ffordd Celyn
	Lon Parcwr Business Park
	Ruthin
	LL15 1NJ


Registered Number	06881036 (England and Wales)

Balance Sheet as at
30 April 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Intangible assets	3		6,000		7,500
Tangible assets	4		503,219		417,983
			509,219		425,483
Current assets
Debtors	5	25,906		35,400
Cash at bank and on hand		79,908		19,216
		105,814		54,616
Creditors amounts falling due within one year	6	(243,976)		(192,341)
Net current assets (liabilities)			(138,162)		(137,725)
Total assets less current liabilities			371,057		287,758
Creditors amounts falling due after one year	7		(1,129)		(11,531)
Provisions for liabilities	9		(120,926)		(86,115)
Net assets			249,002		190,112
Capital and reserves
Called up share capital			1		1
Profit and loss account			249,001		190,111
Shareholders' funds			249,002		190,112

The company was entitled to exemption from audit for this reporting period 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 Director acknowledges 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 16 October 2025, and are signed on its behalf by:

FLAVELL, Jean Geraldine
Director
Registered Company No. 06881036

PRISM LIGHTING LIMITED

Notes to the Financial Statements
for the year ended 30 April 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

	Current taxation
	Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

Current taxation

Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income.

Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Intangible assets
	Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.

	Goodwill
	Goodwill arising on an acquisition of a business is carried at cost less accumulated impairment losses, if any. Goodwill is amortised over its expected useful life which is estimated to be twenty years. Goodwill is assessed for impairment when there are indicators of impairment and any impairment is charged to the income statement. No reversals of impairment are recognised.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:


		Reducing balance (%)
	Plant and machinery	12
	Fixtures and fittings	25
	Vehicles	25

2.	Average number of employees


		2025		2024
	Average number of employees during the year	6		4

3.	Intangible assets

	Goodwill	Total
	£	£
Cost or valuation
At 01 May 24	30,000	30,000
At 30 April 25	30,000	30,000
Amortisation and impairment
At 01 May 24	22,500	22,500
Charge for year	1,500	1,500
At 30 April 25	24,000	24,000
Net book value
At 30 April 25	6,000	6,000
At 30 April 24	7,500	7,500

4.	Tangible fixed assets

	Plant & machinery	Vehicles	Fixtures & fittings	Total
	£	£	£	£
Cost or valuation
At 01 May 24	1,023,865	22,888	26,892	1,073,645
Additions	151,913	-	4,964	156,877
Disposals	(590)	-	(5,095)	(5,685)
At 30 April 25	1,175,188	22,888	26,761	1,224,837
Depreciation and impairment
At 01 May 24	614,120	20,269	21,273	655,662
Charge for year	67,337	656	1,876	69,869
On disposals	(71)	-	(3,842)	(3,913)
At 30 April 25	681,386	20,925	19,307	721,618
Net book value
At 30 April 25	493,802	1,963	7,454	503,219
At 30 April 24	409,745	2,619	5,619	417,983

5.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	2,199	16,442
Other debtors	800	-
Prepayments and accrued income	22,907	18,958
Total	25,906	35,400

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	194,650	161,431
Bank borrowings and overdrafts	10,201	10,000
Taxation and social security	27,734	14,991
Other creditors	8,196	2,655
Accrued liabilities and deferred income	3,195	3,264
Total	243,976	192,341

7.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	1,129	11,531
Total	1,129	11,531

8.	Secured creditors
	The following secured debts are included within creditors: Bank loans £11,330 (2024 £21,531)

9.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	120,926	86,115
Total	120,926	86,115