REGISTERED NUMBER: 04916469 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

S Lightfoot Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr S Lightfoot

REGISTERED OFFICE:

Bewley House

Westward Park

Wigton

Cumbria

CA7 8AP

REGISTERED NUMBER:

04916469 (England and Wales)

ACCOUNTANTS:

Benson Accountants

Wiza House

Station Road

Wigton

Cumbria

CA7 9BA

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

483,151

474,029

483,151

474,029

CURRENT ASSETS

Stocks

7,750

7,750

Debtors

6

268,234

201,479

Cash at bank

1,917

126,836

277,901

336,065

CREDITORS

Amounts falling due within one year

7

212,426

268,648

NET CURRENT ASSETS

65,475

67,417

TOTAL ASSETS LESS CURRENT LIABILITIES

548,626

541,446

CREDITORS

Amounts falling due after more than one year

8

(87,742

)

(103,148

)

PROVISIONS FOR LIABILITIES

(128,035

)

(125,618

)

NET ASSETS

332,849

312,680

CAPITAL AND RESERVES

Called up share capital

50

50

Capital redemption reserve

50

50

Retained earnings

332,749

312,580

SHAREHOLDERS' FUNDS

332,849

312,680

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 November 2025 and were signed by:

Mr S Lightfoot - Director

1.	STATUTORY INFORMATION

S Lightfoot Limited 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.

Goodwill

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of 20 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.

Plant and machinery

-

20% on reducing balance

Office equipment

-

20% 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.

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.

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 year was 2 (2024 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

10,200

AMORTISATION

At 1 April 2024

and 31 March 2025

10,200

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

Office

machinery

equipment

Totals

£

£

£

COST

At 1 April 2024

1,111,867

1,246

1,113,113

Additions

140,100

-

140,100

Disposals

(68,298

)

-

(68,298

)

At 31 March 2025

1,183,669

1,246

1,184,915

DEPRECIATION

At 1 April 2024

637,856

1,228

639,084

Charge for year

120,784

4

120,788

Eliminated on disposal

(58,108

)

-

(58,108

)

At 31 March 2025

700,532

1,232

701,764

NET BOOK VALUE

At 31 March 2025

483,137

14

483,151

At 31 March 2024

474,011

18

474,029

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

Plant and

machinery

£

COST

At 1 April 2024

433,454

Additions

81,000

Transfer to ownership

(194,654

)

At 31 March 2025

319,800

DEPRECIATION

At 1 April 2024

179,283

Charge for year

47,729

Transfer to ownership

(98,130

)

At 31 March 2025

128,882

NET BOOK VALUE

At 31 March 2025

190,918

At 31 March 2024

254,171

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Trade debtors

144,178

183,694

Other debtors

124,056

17,785

268,234

201,479

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Bank loans and overdrafts

33,935

7,994

Hire purchase contracts

49,216

61,624

Trade creditors

950

51,553

Taxation and social security

56,295

71,251

Other creditors

72,030

76,226

212,426

268,648

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/3/25

31/3/24

£

£

Bank loans

3,779

11,369

Hire purchase contracts

83,963

91,779

87,742

103,148

9.	SECURED DEBTS

The following secured debts are included within creditors:

31/3/25

31/3/24

£

£

Bank overdraft

26,144

-

Bank loans

11,570

19,363

37,714

19,363

10.	RELATED PARTY DISCLOSURES

During the year the director had a loan account with the company. At the year end the company owed the director £61,221 (2024 - £73,277).This loan is unsecured, interest free and repayable on demand.