REGISTERED NUMBER: 10794254 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 FEBRUARY 2024 TO 31 DECEMBER 2024

FOR

LUMINAIRE EVENTS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr W Greenhalgh

REGISTERED OFFICE:

Luminaire House

69 Weir Road

Wimbledon

London

SW19 8UG

REGISTERED NUMBER:

10794254 (England and Wales)

ACCOUNTANTS:

Kings Chartered Accountants

4 Grovelands

Boundary Way

Hemel Hempstead

Hertfordshire

HP2 7TE

FIXED ASSETS

Intangible assets

4

2

2

Tangible assets

5

374,148

312,253

374,150

312,255

CURRENT ASSETS

Stocks

6

36,535

-

Debtors

7

233,294

126,653

Cash at bank

32,860

76,713

302,689

203,366

CREDITORS

Amounts falling due within one year

8

382,843

458,186

NET CURRENT LIABILITIES

(80,154

)

(254,820

)

TOTAL ASSETS LESS CURRENT LIABILITIES

293,996

57,435

CREDITORS

Amounts falling due after more than one year

9

265,121

47,144

NET ASSETS

28,875

10,291

CAPITAL AND RESERVES

Called up share capital

12

200,001

200,001

Retained earnings

(171,126

)

(189,710

)

SHAREHOLDERS' FUNDS

28,875

10,291

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 October 2025 and were signed by:

Mr W Greenhalgh - Director

1.	STATUTORY INFORMATION

Luminaire Events 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Reporting period

The current period's financial statements represent a 11 month period to 31 December 2024, the prior period represents a 12 month period to 31 January 2024.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of five years.

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.

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.

Short leasehold

-

Straight line over 9 years

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

Straight line over 9 years

Motor vehicles

-

12.5% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets,are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 period 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 8 (2024 - 18 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 February 2024

and 31 December 2024

16,057

AMORTISATION

At 1 February 2024

and 31 December 2024

16,055

NET BOOK VALUE

At 31 December 2024

2

At 31 January 2024

2

5.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

leasehold

machinery

fittings

£

£

£

COST

At 1 February 2024

51,596

52,809

349,557

Additions

28,812

41,573

78,495

Disposals

-

-

(351

)

At 31 December 2024

80,408

94,382

427,701

DEPRECIATION

At 1 February 2024

5,733

17,622

172,863

Charge for period

8,588

13,550

45,432

Eliminated on disposal

-

-

(138

)

At 31 December 2024

14,321

31,172

218,157

NET BOOK VALUE

At 31 December 2024

66,087

63,210

209,544

At 31 January 2024

45,863

35,187

176,694

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 February 2024

81,103

24,217

559,282

Additions

-

445

149,325

Disposals

(40,358

)

-

(40,709

)

At 31 December 2024

40,745

24,662

667,898

DEPRECIATION

At 1 February 2024

39,418

11,393

247,029

Charge for period

5,211

3,239

76,020

Eliminated on disposal

(29,161

)

-

(29,299

)

At 31 December 2024

15,468

14,632

293,750

NET BOOK VALUE

At 31 December 2024

25,277

10,030

374,148

At 31 January 2024

41,685

12,824

312,253

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

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

Transfer to ownership

29,120

57,282

40,745

127,147

At 31 December 2024

29,120

57,282

40,745

127,147

DEPRECIATION

Transfer to ownership

15,517

27,531

15,468

58,516

At 31 December 2024

15,517

27,531

15,468

58,516

NET BOOK VALUE

At 31 December 2024

13,603

29,751

25,277

68,631

6.

STOCKS

31.12.24

31.1.24

£

£

Stocks

36,535

-

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.1.24

£

£

Trade debtors

95,829

35,339

Other debtors

43,317

40,883

Prepayments and accrued income

94,148

50,431

233,294

126,653

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.1.24

£

£

Bank loans and overdrafts

32,417

10,000

Other loans

-

25,703

Hire purchase contracts (see note 10)

31,888

31,463

Trade creditors

217,708

140,814

Social security and other taxes

5,437

7,767

Value added tax

39,805

34,378

Other creditors

25,062

21,021

Directors' current accounts

10,975

140,540

Accruals

19,551

46,500

382,843

458,186

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.1.24

£

£

Bank loans - 2-5 years

47,226

-

Hire purchase contracts (see note 10)

17,895

47,144

Directors' loan accounts

200,000

-

265,121

47,144

10.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts

31.12.24

31.1.24

£

£

Net obligations repayable:

Within one year

31,888

31,463

Between one and five years

17,895

47,144

49,783

78,607

Non-cancellable

operating leases

31.12.24

31.1.24

£

£

Within one year

160,000

160,000

Between one and five years

640,000

640,000

In more than five years

373,333

640,000

1,173,333

1,440,000

11.	SECURED DEBTS

Hire purchase liabilities are secured on the assets concerned.

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.1.24

value:

£

£

20,000,100

Ordinary

£0.01

200,001

200,001