REGISTERED NUMBER: 09960090 (England and Wales)

Susan Lake Lighting Design Limited

Unaudited Financial Statements for the Year Ended 31 March 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs S P Lake

SECRETARY:

Mr D I Stewart

REGISTERED OFFICE:

1 Ivy Villas

The Street

Framfield

Uckfield

East Sussex

TN22 5NT

REGISTERED NUMBER:

09960090 (England and Wales)

ACCOUNTANTS:

Swindells LLP

Chartered Accountants

Atlantic House

8 Bell Lane

Bellbrook Industrial Estate

Uckfield

East Sussex

TN22 1QL

FIXED ASSETS

Tangible assets

4

25,495

24,052

CURRENT ASSETS

Debtors

5

18,356

17,373

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

6

43,251

40,169

NET CURRENT LIABILITIES

(24,895

)

(22,796

)

TOTAL ASSETS LESS CURRENT LIABILITIES

600

1,256

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

7

(2,500

)

(5,500

)

PROVISIONS FOR LIABILITIES

(358

)

(423

)

NET LIABILITIES

(2,258

)

(4,667

)

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

(2,358

)

(4,767

)

SHAREHOLDERS' FUNDS

(2,258

)

(4,667

)

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 her 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 & Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 December 2025 and were signed by:

Mrs S P Lake - Director

1.	STATUTORY INFORMATION

Susan Lake Lighting Design 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.

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.

Turnover

Turnover represents revenue, net of VAT, from commercial transactions under which the company supplies customers the goods and services that it is in business to provide. Revenue is recognised when the company obtains, through performance under contract, the right to consideration for those goods and services.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

15% on cost

Computer equipment

-

20% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & 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 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.

Pension costs and other post-retirement benefits

The company contributes to it's employees' personal pension plans. Contributions payable are charged to the profit and loss account in the period to which they relate.

Going concern

These financial statements have been prepared on a going concern basis notwithstanding the deficiency of net assets shown on the Balance Sheet. The director has assessed whether the going concern basis of preparation continues to be appropriate, based on whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the company to continue as a going concern.

At the time of approving the financial statements, the director believes that all appropriate measures have been or will be taken to ensure that the company will be able to continue its operations for at least the next twelve months and has indicated her willingness to continue to support the company for at least this period. The director has thus concluded that the going concern basis remains appropriate.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Office

(90%

Fixtures

business

and

Computer

element)

fittings

equipment

Totals

£

£

£

£

COST

At 1 April 2024

22,360

2,821

5,032

30,213

Additions

4,373

99

-

4,472

At 31 March 2025

26,733

2,920

5,032

34,685

DEPRECIATION

At 1 April 2024

-

1,129

5,032

6,161

Charge for year

2,671

358

-

3,029

At 31 March 2025

2,671

1,487

5,032

9,190

NET BOOK VALUE

At 31 March 2025

24,062

1,433

-

25,495

At 31 March 2024

22,360

1,692

-

24,052

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

2,249

16,782

Other debtors

16,107

591

18,356

17,373

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

12,837

5,849

Trade creditors

540

540

Taxation and social security

17,523

23,984

Other creditors

12,351

9,796

43,251

40,169

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

2,500

5,500

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

9.	RELATED PARTY DISCLOSURES

At the balance sheet date the company owed the director the sum of £6,758 (2024: £8,875). The loan is interest free, unsecured and repayable on demand.

During the year, the company paid dividends to its directors totalling £38,600 (2023: £29,200).