Company Registration No. 05733082 (England and Wales)
Lightpath IT Ltd
Unaudited accounts
for the year ended 31 March 2025
Lightpath IT Ltd
Unaudited accounts
Contents
Lightpath IT Ltd
Company Information
for the year ended 31 March 2025
Directors
Martin Cuthbert
Steven Rumble
Company Number
05733082 (England and Wales)
Registered Office
2 Gifford Place
Warley
Brentwood
Essex
CM14 5UD
Accountants
Fox Accountancy Limited
88 Corbets Tey Road
Upminster
Essex
RM14 2BA
Lightpath IT Ltd
Statement of financial position
as at 31 March 2025
Tangible assets
50,895
44,326
Cash at bank and in hand
361,341
326,249
Creditors: amounts falling due within one year
(113,259)
(108,212)
Net current assets
357,327
313,691
Net assets
408,222
358,017
Called up share capital
100
100
Profit and loss account
408,122
357,917
Shareholders' funds
408,222
358,017
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 17 November 2025 and were signed on its behalf by
Martin Cuthbert
Director
Company Registration No. 05733082
Lightpath IT Ltd
Notes to the Accounts
for the year ended 31 March 2025
Lightpath IT Ltd is a private company, limited by shares, registered in England and Wales, registration number 05733082. The registered office is 2 Gifford Place, Warley, Brentwood, Essex, CM14 5UD.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% straight line
Motor vehicles
25% straight line
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Lightpath IT Ltd
Notes to the Accounts
for the year ended 31 March 2025
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 April 2024
66,254
53,447
119,701
Additions
9,870
24,947
34,817
Disposals
(11,265)
-
(11,265)
At 31 March 2025
64,859
78,394
143,253
At 1 April 2024
53,356
22,019
75,375
Charge for the year
8,650
19,598
28,248
On disposals
(11,265)
-
(11,265)
At 31 March 2025
50,741
41,617
92,358
At 31 March 2025
14,118
36,777
50,895
At 31 March 2024
12,898
31,428
44,326
Amounts falling due within one year
Trade debtors
109,245
95,654
6
Creditors: amounts falling due within one year
2025
2024
Trade creditors
43,223
27,236
Taxes and social security
47,695
44,961
Other creditors
1,580
9,423
7
Average number of employees
During the year the average number of employees was 6 (2024: 6).