Registered number
10626140
LIGHT AND HAPPY LTD
Filleted Accounts
28 February 2025

LIGHT AND HAPPY LTD
Registered number: | 10626140
Balance Sheet
as at 28 February 2025
Notes |  |  | 2025 |  |  | 2024
£ | £
Current assets
Debtors | 3 |  | 6 |  |  | 6
Investments held as current assets | 4 |  | 35,118 |  |  | 35,118
|  |  | 35,124 |  |  | 35,124
Creditors: amounts falling due within one year | 5 |  | (43,165) |  |  | (45,698)
Net current liabilities |  |  |  | (8,041) |  |  | (10,574)
Net liabilities |  |  |  | (8,041) |  |  | (10,574)
Capital and reserves
Called up share capital |  |  |  | 6 |  |  | 6
Profit and loss account |  |  |  | (8,047) |  |  | (10,580)
Shareholders' funds |  |  |  | (8,041) |  |  | (10,574)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Michael David Kritzler
Director
Approved by the board on 5 February 2026

LIGHT AND HAPPY LTD
Notes to the Accounts
for the year ended 28 February 2025
1 | Accounting policies
| Basis of preparation
| The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
| Debtors
| Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
| Creditors
| Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
| Taxation
| A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 | Employees | 2025 |  | 2024
Number | Number
| Average number of persons employed by the company | 1 |  | 1
3 | Debtors | 2025 |  | 2024
£ | £
| Other debtors | 6 |  | 6
4 | Investments held as current assets | 2025 |  | 2024
£ | £
| Fair value
| Unlisted investments | 35,118 |  | 35,118
5 | Creditors: amounts falling due within one year | 2025 |  | 2024
£ | £
| Other creditors | 43,165 |  | 45,698
6 | Other information
| LIGHT AND HAPPY LTD is a private company limited by shares and incorporated in England. Its registered office is:
| 158 Cromwell Road
| Salford
| M6 6DE

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