Registration number: 03905665

Lightsave Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 10

Lightsave Limited

Company Information

Directors

A G Kilford K M Kilford

Company secretary

K M Kilford

Registered office

121 Loverock Road Reading Berkshire RG30 1DZ

Lightsave Limited

(Registration number: 03905665)
Balance Sheet as at 31 January 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	5	11,615	15,487
Current assets
Stocks	6	538,214	590,536
Debtors	7	644,880	560,250
Cash at bank and in hand		547,448	455,995
		1,730,542	1,606,781
Creditors: Amounts falling due within one year	8	(569,225)	(457,066)
Net current assets		1,161,317	1,149,715
Total assets less current liabilities		1,172,932	1,165,202
Creditors: Amounts falling due after more than one year	8	-	(24,617)
Provisions for liabilities		(2,904)	-
Net assets		1,170,028	1,140,585
Capital and reserves
Called up share capital		2	2
Retained earnings		1,170,026	1,140,583
Shareholders' funds		1,170,028	1,140,585

Lightsave Limited

(Registration number: 03905665)
Balance Sheet as at 31 January 2025

For the financial year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 30 October 2025 and signed on its behalf by:
 

......................................... A G Kilford Director

......................................... K M Kilford Company secretary and director

Lightsave Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
121 Loverock Road
Reading
Berkshire
RG30 1DZ

These financial statements were authorised for issue by the Board on 30 October 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Lightsave Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

2	Accounting policies (continued)

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Office equipment	25% per annum on net book value
Fixtures and fittings	25% per annum on net book value
Motor vehicles	25% per annum on net book value

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Lightsave Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

2	Accounting policies (continued)

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Lightsave Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

2	Accounting policies (continued)

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 18 (2024 - 15).

Lightsave Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

4	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 February 2024	12,100	12,100
At 31 January 2025	12,100	12,100
Amortisation
At 1 February 2024	12,100	12,100
At 31 January 2025	12,100	12,100
Carrying amount
At 31 January 2025	-	-

5	Tangible assets

	Fixtures and fittings £	Office equipment £	Motor vehicles  £	Total £
Cost or valuation
At 1 February 2024	9,772	43,484	27,385	80,641
At 31 January 2025	9,772	43,484	27,385	80,641
Depreciation
At 1 February 2024	7,163	39,271	18,720	65,154
Charge for the year	653	1,053	2,166	3,872
At 31 January 2025	7,816	40,324	20,886	69,026
Carrying amount
At 31 January 2025	1,956	3,160	6,499	11,615
At 31 January 2024	2,609	4,213	8,665	15,487

6

Stocks

	2025 £	2024 £
Other inventories	538,214	590,536

Lightsave Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

7

Debtors

	2025 £	2024 £
Trade debtors	465,444	468,769
Prepayments	2,973	1,830
Other debtors	176,463	89,651
	644,880	560,250

Included in other debtors due within one year is an interest free loan of £98,574 (2024 : £83,278) due from the directors of the company.

8

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	9	-	39,000
Trade creditors		446,357	314,677
Taxation and social security		116,688	98,879
Accruals and deferred income		2,755	2,755
Other creditors		3,425	1,755
		569,225	457,066

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	9	-	24,617

Lightsave Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

9	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	-	24,617

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	-	39,000

10	Related party transactions

Summary of transactions with other related parties

At the balance sheet date Lightsave Properties Limited owed the company £6,373 (2024: £6,373). A G Kilford and K M Kilford, directors, are also directors of Lightsave Properties Limited.

The company sold products and recharged other expenditure totalling £509,386 (2024: £538,126) to The LED Specialist Ltd a company under common control. Included in debtors is £2,835 (2024 £68) and in creditors £21,979 (2024 £11,325) owed to and from The LED Specialist Ltd. A G Kilford and O W Nicholas, directors, are also directors of The LED Specialist Ltd.