REGISTERED NUMBER: 10187267 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2025

for

Lights & Beats Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J Gibbs

S Gibbs

REGISTERED OFFICE:

18 Ratcliffe Road

Hedge End

Southampton

Hampshire

SO30 4HA

REGISTERED NUMBER:

10187267 (England and Wales)

ACCOUNTANTS:

PD Accountancy Services Ltd

1 Post Office House

184 Bridge Road

Sarisbury Green

Southampton

Hampshire

SO31 7ED

FIXED ASSETS

Tangible assets

4

108,673

74,516

CURRENT ASSETS

Debtors

5

38,371

30,847

Cash at bank

5,009

161

43,380

31,008

CREDITORS

Amounts falling due within one year

6

105,205

79,276

NET CURRENT LIABILITIES

(61,825

)

(48,268

)

TOTAL ASSETS LESS CURRENT LIABILITIES

46,848

26,248

CREDITORS

Amounts falling due after more than one year

7

(32,245

)

(33,759

)

PROVISIONS FOR LIABILITIES

(5,068

)

(1,630

)

NET ASSETS/(LIABILITIES)

9,535

(9,141

)

CAPITAL AND RESERVES

Called up share capital

8

2

2

Retained earnings

9,533

(9,143

)

SHAREHOLDERS' FUNDS

9,535

(9,141

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 29 October 2025 and were signed on its behalf by:

J Gibbs - Director

1.	STATUTORY INFORMATION

Lights & Beats Ltd 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

20% on cost

Motor vehicles

-

15% on reducing balance

Computer equipment

-

15% on reducing balance

Taxation

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

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 February 2024

115,737

91,300

3,395

210,432

Additions

17,902

36,400

292

54,594

At 31 January 2025

133,639

127,700

3,687

265,026

DEPRECIATION

At 1 February 2024

103,789

30,599

1,528

135,916

Charge for year

7,408

12,745

284

20,437

At 31 January 2025

111,197

43,344

1,812

156,353

NET BOOK VALUE

At 31 January 2025

22,442

84,356

1,875

108,673

At 31 January 2024

11,948

60,701

1,867

74,516

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 February 2024

63,250

Additions

36,400

At 31 January 2025

99,650

DEPRECIATION

At 1 February 2024

18,819

Charge for year

10,305

At 31 January 2025

29,124

NET BOOK VALUE

At 31 January 2025

70,526

At 31 January 2024

44,431

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Trade debtors

11,448

12,650

Amounts recoverable on contract

-

1,050

Directors' current accounts

22,838

13,596

Prepayments

4,085

3,551

38,371

30,847

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Bank loans and overdrafts

37,030

24,015

Hire purchase contracts

22,634

15,043

Trade creditors

-

1

Social security and other taxes

528

767

VAT

3,238

3,367

Other creditors

37,596

24,404

Directors' current accounts

3,254

10,754

Accrued expenses

925

925

105,205

79,276

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.25

31.1.24

£

£

Bank loans - 1-2 years

13,954

17,204

Hire purchase contracts

18,291

16,555

32,245

33,759

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.25

31.1.24

value:

£

£

2

Ordinary

£1

2

2