Company registration number 04747083 (England and Wales)
LIGHTWORKS STAINED GLASS LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 JUNE 2025
PAGES FOR FILING WITH REGISTRAR
LIGHTWORKS STAINED GLASS LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
LIGHTWORKS STAINED GLASS LTD
BALANCE SHEET
AS AT
28 JUNE 2025
28 June 2025
- 1 -
28 June 2025
29 June 2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
2,710
3,531
Current assets
Stocks
6,790
9,500
Debtors
5
2,240
22,125
Cash at bank and in hand
11,848
14,625
20,878
46,250
Creditors: amounts falling due within one year
6
(10,988)
(21,168)
Net current assets
9,890
25,082
Total assets less current liabilities
12,600
28,613
Provisions for liabilities
(515)
(671)
Net assets
12,085
27,942
Capital and reserves
Called up share capital
7
2
2
Profit and loss reserves
12,083
27,940
Total equity
12,085
27,942

For the financial period ended 28 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 24 March 2026
Daniel J Burke
Director
Company registration number 04747083 (England and Wales)
LIGHTWORKS STAINED GLASS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 JUNE 2025
- 2 -
1
Accounting policies
Company information

Lightworks Stained Glass Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Unit 7, Lincoln Park Industrial Estate, Lincoln Way, Clitheroe, Lancashire, BB7 1QD.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

A true t the time of approving the financial statements, t he director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he director continues to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures, fittings & equipment
15% reducing balance
Motor vehicles
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

LIGHTWORKS STAINED GLASS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 28 JUNE 2025
1
Accounting policies
(Continued)
- 3 -
Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are o bligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.8
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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.

1.9
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

1.10
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

LIGHTWORKS STAINED GLASS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 28 JUNE 2025
- 4 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the period was:

2025
2024
Number
Number
Total
4
4
3
Intangible fixed assets
Goodwill
£
Cost
At 30 June 2024 and 28 June 2025
15,000
Amortisation and impairment
At 30 June 2024 and 28 June 2025
15,000
Carrying amount
At 28 June 2025
-
0
At 29 June 2024
-
0
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 30 June 2024 and 28 June 2025
15,171
Depreciation and impairment
At 30 June 2024
11,639
Depreciation charged in the period
822
At 28 June 2025
12,461
Carrying amount
At 28 June 2025
2,710
At 29 June 2024
3,531
LIGHTWORKS STAINED GLASS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 28 JUNE 2025
- 5 -
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
1,217
20,963
Other debtors
1,023
1,162
2,240
22,125

Other debtors include a loan to the director of £nil (202 4 - £896).

6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
3,483
5,094
Taxation and social security
3,114
5,652
Other creditors
4,391
10,422
10,988
21,168

Other creditors include a loan from the director of £1,754 (2024 - £nil).

7
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
2
2
2
2
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