Belgrave Lighting & Gifts Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 10733444

BELGRAVE LIGHTING & GIFTS LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 April 2025

BELGRAVE LIGHTING & GIFTS LIMITED

FINANCIAL STATEMENTS

YEAR ENDED 30 APRIL 2025

Contents	Page

Officers and professional advisers	1

Statement of financial position	2

Notes to the financial statements	4

BELGRAVE LIGHTING & GIFTS LIMITED

OFFICERS AND PROFESSIONAL ADVISERS

Director	P M Warren

Company secretary	A Warren

Registered office	Unit C1a Mercia Way
	Foxhills Industrial Estate
	Scunthorpe
	South Humberside
	England
	DN15 8RE

Accountants	Streets LLP
	Chartered Accountants
	Tower House
	Lucy Tower Street
	Lincoln
	Lincolnshire
	LN1 1XW

BELGRAVE LIGHTING & GIFTS LIMITED

STATEMENT OF FINANCIAL POSITION

30 April 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	5	102	127

Current assets

Stocks		8,591	16,096
Debtors	6	373	133
Cash at bank and in hand		9,598	8,656
		---------	---------
		18,562	24,885

Creditors: amounts falling due within one year	7	1,816	3,622
		---------	---------
Net current assets		16,746	21,263
		---------	---------
Total assets less current liabilities		16,848	21,390

Provisions	19	24
	---------	---------
Net assets	16,829	21,366
	---------	---------

BELGRAVE LIGHTING & GIFTS LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

30 April 2025

	2025	2024
Note	£	£

Capital and reserves

Called up share capital	100	100
Profit and loss account	16,729	21,266
	---------	---------
Shareholders funds	16,829	21,366
	---------	---------

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 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 14 January 2026 , and are signed on behalf of the board by:

P M Warren
Director

Company registration number: 10733444

BELGRAVE LIGHTING & GIFTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 30 APRIL 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 Unit C1a Mercia Way, Foxhills Industrial Estate, Scunthorpe, South Humberside, DN15 8RE, England.

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.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, 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 and deferred 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. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

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	-	20% reducing balance

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.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Other financial instruments, including derivatives, are recognised at fair value, with any subsequent changes to fair value recognised in profit or loss.

4. Employee numbers

The average number of persons employed by the company during the year amounted to Nil (2024: 1 ).

5. Tangible assets

	Equipment
	£
Cost
At 1 May 2024 and 30 April 2025	237
	----
Depreciation
At 1 May 2024	110
Charge for the year	25
	----
At 30 April 2025	135
	----
Carrying amount
At 30 April 2025	102
	----
At 30 April 2024	127
	----

6. Debtors

	2025	2024
	£	£
Other debtors	373	133
	----	----

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	476	1,346
Social security and other taxes	–	186
Credit card	590	590
Other creditors	750	1,500
	-------	-------
	1,816	3,622
	-------	-------

8. Director's advances, credits and guarantees

The overdrawn balance brought forward on the directors loan account was £100. There were no further transactions during the year, resulting in an overdrawn balance carried forward of £100. No interest is charged on the overdrawn balance.

9. Controlling party

The company was under the control of the director during the current and previous year.