Registrar

Registration number: 08624248

SG Lighting Ltd

Contents

Company Information	1
Balance Sheet	2
Notes to the Financial Statements	3 to 8

SG Lighting Ltd

Company Information

Directors

G Tønnesland

Registered office

3 Warners Mill Silks Way Braintree Essex CM7 3GB

Bankers

National Westminster Bank PLC Liverpool Street Station 216 Bishopsgate London EC2M 4QB

Auditors

Lambert Chapman LLP Chartered Accountants and Registered Statutory Auditors3 Warners Mill Silks Way Braintree Essex CM7 3GB

SG Lighting Ltd

(Registration number: 08624248)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	4	322,172	260,598
Current assets
Stocks	6	154,113	16,732
Debtors	7	820,421	691,189
Cash at bank and in hand		770,565	269,904
		1,745,099	977,825
Creditors: Amounts falling due within one year	8	(6,204,447)	(5,440,632)
Net current liabilities		(4,459,348)	(4,462,807)
Net liabilities		(4,137,176)	(4,202,209)
Capital and reserves
Called up share capital	9	1	1
Retained earnings		(4,137,177)	(4,202,210)
Shareholders' deficit		(4,137,176)	(4,202,209)

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 23 April 2026
 

G Tønnesland
Director

SG Lighting Ltd

Notes to the Financial Statements for the Year Ended 31 December 2024

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is: 3 Warners Mill, Silks Way, Braintree, Essex, CM7 3GB, England.

The principal place of business is: Majesty House, Avenue West, Skyline 120, Great Notley, Essex, CM77 7AA, United Kingdom.

These financial statements were authorised for issue by the director on 23 April 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. There were no material departures from that Standard.

Basis of preparation

These financial statements have been prepared using the historical cost convention.

These financial statements are presented in Sterling (£), which is the company's functional currency.

Group accounts not prepared

The company is exempt from the obligation to prepare and deliver group accounts as the company is the sole UK subsidiary and is included in consolidated accounts for a larger overseas group.

Going concern

The director has concluded that the company is not a going concern due to the cessation of trading post year end with a formal legal winding up procedure being followed. Therefore the financial statements are not prepared on the going concern basis as described in FRS 102.

Audit report

The Independent Auditor's Report was qualified. During our audit procedures we were not able to obtain sufficient evidence to satisfy ourselves that an amount of £200,996 included under the heading “Good Received not Invoiced” within the accounting records of the company and within Accruals and Deferred Income in the balance sheet as at 31 December 2024 was correct. Whilst we do believe that there is a value that should be recognised in this respect, due to the lack of supporting information we are unable to determine whether any adjustment would be material. Any amendment that would be required to either reduce or increase the accruals figure already included in the balance sheet would impact the profit reported for the period by increasing or decreasing it.. We draw your attention to the 'Going concern' note within the accounting policies section which explains that the company has ceased trading post year end and therefore it is not appropriate to adopt the going concern basis of accounting in preparing the financial statements. Accordingly the financial statements have been prepared on a basis other than going concern. Our opinion is not modified in respect of this matter..

The name of the Senior Statutory Auditor who signed the audit report on 23 April 2026 was Lisa Greenwood FCCA, who signed for and on behalf of Lambert Chapman LLP.

SG Lighting Ltd

Notes to the Financial Statements for the Year Ended 31 December 2024

Judgements

In preparing the financial statements, management are required to make estimates and assumptions which affect reported income, expenses, assets, liabilities and disclosure of contingent assets and liabilities. Use of available information and application of judgement are inherent in the formation of estimates, together with past experience and expectations of future events that are believed to be reasonable under the circumstances. Actual results in the future could differ from such estimates.

Management have not been required to make any key estimates or judgements when preparing the financial statements apart from the rate of depreciation and the residual value of motor vehicles which are not deemed to be key.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of bespoke lighting solutions. Turnover is shown net of value added tax, returns, rebates and discounts.

The Company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the Company's activities.

Foreign currency transactions and balances

Transactions denominated in foreign currencies are translated into sterling and recorded at the rate of exchange ruling at the date of the transaction. Balances at the year end denominated in a foreign currency are translated into sterling at the rate of exchange ruling at the Balance Sheet date.

Tax

Current Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

There is no current tax charge for the year ended 31 December 2024 or 31 December 2023.

Material deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

No provision has been made for a deferred tax asset due to the amount of losses being carried forward.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation.

Depreciation

Depreciation is charged so as to write off the cost or valuation of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Office equipment	Straight line over 3 years
Plant and equipment	Straight line over 5 years
Motor vehicles	Straight line over 3 years with 20% of purchase price as residual value

SG Lighting Ltd

Notes to the Financial Statements for the Year Ended 31 December 2024

Investments

Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Trade debtors

Trade debtors are amounts due from customers for goods sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks, which relate to finished goods, are stated at the lower of actual cost and estimated selling price. Cost is determined using the first-in, first-out (FIFO) method.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 20 (2023 - 19).

SG Lighting Ltd

Notes to the Financial Statements for the Year Ended 31 December 2024

4	Tangible assets

	Office equipment  £	Motor vehicles  £	Plant and machinery £	Total £
Cost or valuation
At 1 January 2024	162,981	202,924	2,486	368,391
Additions	49,260	121,995	-	171,255
Disposals	-	-	(1,236)	(1,236)
At 31 December 2024	212,241	324,919	1,250	538,410
Depreciation
At 1 January 2024	59,261	46,192	2,340	107,793
Charge for the year	39,367	70,168	146	109,681
Eliminated on disposal	-	-	(1,236)	(1,236)
At 31 December 2024	98,628	116,360	1,250	216,238
Carrying amount
At 31 December 2024	113,613	208,559	-	322,172
At 31 December 2023	103,720	156,732	146	260,598

5	Investments

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking	Registered office	Holding	Proportion of voting rights and shares held
			2024	2023
Subsidiary undertakings
Riegens UK Limited	3 Warners Mill, Silks Way, Braintree, Essex, CM7 3GB England	Ordinary	0%	100%