REGISTERED NUMBER: 02560057 (England and Wales)

CORONA LIGHTING LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH JUNE 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

Mr. M Day

REGISTERED OFFICE:

Unit 4c Palmersvale Business Centre

Palmerston

Barry

CF63 2XA

REGISTERED NUMBER:

02560057 (England and Wales)

ACCOUNTANTS:

Carston ETL

Tudor House

16 Cathedral Road

Cardiff

CF11 9LJ

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

3,787

4,515

Investment property

6

100,000

100,000

103,787

104,515

CURRENT ASSETS

Stocks

2,074

3,000

Debtors

7

14,028

25,496

Cash at bank

33,951

35,843

50,053

64,339

CREDITORS

Amounts falling due within one year

8

36,405

35,764

NET CURRENT ASSETS

13,648

28,575

TOTAL ASSETS LESS CURRENT LIABILITIES

117,435

133,090

CREDITORS

Amounts falling due after more than one year

9

(40,865

)

(45,173

)

PROVISIONS FOR LIABILITIES

(19,509

)

(19,691

)

NET ASSETS

57,061

68,226

CAPITAL AND RESERVES

Called up share capital

1,002

1,002

Revaluation reserve

10

55,686

55,686

Retained earnings

373

11,538

SHAREHOLDERS' FUNDS

57,061

68,226

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 15th January 2026 and were signed by:

Mr. M Day - Director

1.	STATUTORY INFORMATION

Corona Lighting 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.

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 as modified by the revaluation of certain assets.

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 2004, is being amortised evenly over its estimated useful life of ten 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.

Improvements to property

-

Over 20 years

Plant and machinery

-

15% straight line on cost

Fixtures and fittings

-

15% straight line on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3.	EMPLOYEES AND DIRECTORS

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

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st July 2024

and 30th June 2025

7,500

AMORTISATION

At 1st July 2024

and 30th June 2025

7,500

NET BOOK VALUE

At 30th June 2025

-

At 30th June 2024

-

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

Totals

£

£

£

£

COST

At 1st July 2024

and 30th June 2025

8,053

20,233

10,364

38,650

DEPRECIATION

At 1st July 2024

5,100

18,671

10,364

34,135

Charge for year

402

326

-

728

At 30th June 2025

5,502

18,997

10,364

34,863

NET BOOK VALUE

At 30th June 2025

2,551

1,236

-

3,787

At 30th June 2024

2,953

1,562

-

4,515

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st July 2024

and 30th June 2025

100,000

NET BOOK VALUE

At 30th June 2025

100,000

At 30th June 2024

100,000

The director valued the investment property for the purpose of these financial statements on the basis of his best estimate of its open market value for existing use.

Fair value at 30th June 2025 is represented by:

£

Valuation in 2016

74,248

Cost

25,752

100,000

If the investment property had not been revalued it would have been included at the following historical cost:

2025

2024

£

£

Cost

25,752

25,752

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

14,028

25,496

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

4,771

4,798

Trade creditors

6,663

14,035

Taxation and social security

3,742

4,092

Other creditors

21,229

12,839

36,405

35,764

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

40,865

45,173

10.

RESERVES

Revaluation

reserve

£

At 1st July 2024

and 30th June 2025

55,686