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Company Registration No. 11813948 (England and Wales)
State Lite Limited Unaudited accounts for the year ended 28 February 2025
State Lite Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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State Lite Limited Company Information for the year ended 28 February 2025
Director
James Gourlay
Company Number
11813948 (England and Wales)
Accountants
Maxwell-Gumbleton & Co. 1 West Street Lewes East Sussex BN7 2NZ
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State Lite Limited Statement of financial position as at 28 February 2025
2025
2024
Notes
£
£
Fixed assets
Investments
4
36,524
36,524
Current assets
Inventories
368,585
368,585
Debtors
5
99,060
107,375
Cash at bank and in hand
818
2,135
468,463
478,095
Creditors: amounts falling due within one year
6
(6,668)
(7,290)
Net current assets
461,795
470,805
Net assets
498,319
507,329
Capital and reserves
Called up share capital
1
1
Profit and loss account
498,318
507,328
Shareholders' funds
498,319
507,329
For the year ending 28 February 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 director acknowledges his 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 and authorised for issue on 16 February 2026 and were signed on its behalf by
James Gourlay Director Company Registration No. 11813948
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State Lite Limited Notes to the Accounts for the year ended 28 February 2025
1
Statutory information
State Lite Limited is a private company, limited by shares, registered in England and Wales, registration number 11813948.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investments
Investments in shares are included at fair value.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
4
Investments
Other investments
£
Valuation at 1 March 2024
36,524
Valuation at 28 February 2025
36,524
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State Lite Limited Notes to the Accounts for the year ended 28 February 2025
5
Debtors
2025
2024
£
£
Amounts falling due within one year
VAT
720
-
Other debtors
98,340
107,375
99,060
107,375
6
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
-
334
Trade creditors
-
400
Taxes and social security
922
690
Loans from directors
5,046
394
Accruals
700
5,472
6,668
7,290
7
Average number of employees
During the year the average number of employees was 0 (2024: 0).
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