LED Snaps Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 12568792

LED Snaps Limited

Filleted Unaudited Financial Statements

31 March 2025

LED Snaps Limited

Financial Statements

Year ended 31 March 2025

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

LED Snaps Limited

Statement of Financial Position

31 March 2025

	2025	2024
Note	£	£

Fixed assets

Intangible assets	5	10,530	17,179
Tangible assets	6	1,362	1,118
		--------	--------
		11,892	18,297

Current assets

Stocks		30,661	61,191
Debtors	7	50,915	37,230
Cash at bank and in hand		38,234	13,438
		---------	---------
		119,810	111,859

Creditors: amounts falling due within one year	8	464,839	322,812
		---------	---------
Net current liabilities		345,029	210,953
		---------	---------
Total assets less current liabilities		( 333,137)	( 192,656)

Creditors: amounts falling due after more than one year	9	77,000	77,000
		---------	---------
Net liabilities		( 410,137)	( 269,656)
		---------	---------

Capital and reserves

Called up share capital	300	300
Profit and loss account	( 410,437)	( 269,956)
	---------	---------
Shareholders deficit	( 410,137)	( 269,656)
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

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.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

LED Snaps Limited

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 30 December 2025 , and are signed on behalf of the board by:

I D Kirby

Director

Company registration number: 12568792

LED Snaps Limited

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Camburgh House, 27 New Dover Road, Canterbury, Kent, CT1 3DN, United Kingdom.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

These accounts have been prepared on a going concern basis. The directors are satisfied that the company will continue to meet its current obligations for at least the next 12 months.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

Patents, trademarks and licences	-	33% straight line
Development	-	20% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Equipment	-	33% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 3 (2024: 3 ).

5. Intangible assets

	Patents, trademarks and licences	Development	Total
	£	£	£
Cost
At 1 April 2024	5,370	32,724	38,094
Additions	–	170	170
	-------	--------	--------
At 31 March 2025	5,370	32,894	38,264
	-------	--------	--------
Amortisation
At 1 April 2024	5,080	15,835	20,915
Charge for the year	218	6,601	6,819
	-------	--------	--------
At 31 March 2025	5,298	22,436	27,734
	-------	--------	--------
Carrying amount
At 31 March 2025	72	10,458	10,530
	-------	--------	--------
At 31 March 2024	290	16,889	17,179
	-------	--------	--------

6. Tangible assets

	Equipment
	£
Cost
At 1 April 2024	2,355
Additions	865
	-------
At 31 March 2025	3,220
	-------
Depreciation
At 1 April 2024	1,237
Charge for the year	621
	-------
At 31 March 2025	1,858
	-------
Carrying amount
At 31 March 2025	1,362
	-------
At 31 March 2024	1,118
	-------

7. Debtors

	2025	2024
	£	£
Trade debtors	28,747	16,997
Other debtors	22,168	20,233
	--------	--------
	50,915	37,230
	--------	--------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	278,447	130,186
Social security and other taxes	9,100	413
Amounts owed to participating interests	177,292	188,621
Other creditors	–	3,592
	---------	---------
	464,839	322,812
	---------	---------

9. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	77,000	77,000
	--------	--------

10. Directors' advances, credits and guarantees

At the year end date, the directors owed the company £Nil (2024: £64).

11. Related party transactions

At the year end date, the company owed £177,292 (2024: £188,621) to a company associated by common control.

12. Controlling party

Lumos Lighting Group Ltd is the parent company of the entity (company number: 14276982), a company incorporated in England and Wales, who owns 100% of the share capital. The registered office address of Lumos Lighting Group Ltd is Camburgh House, 27 New Dover Road, Canterbury, Kent, CT1 3DN.