Lumen Electronics Ltd

	Page
Statement of Financial Position	1—2
Notes to the Financial Statements	3—6

Registered number: NI621145

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		36,857		44,332
Tangible Assets	5		71,525		101,738

			108,382		146,070
CURRENT ASSETS
Stocks	6	39,599		26,375
Debtors	7	144,554		170,686
Cash at bank and in hand		139,868		92,801

		324,021		289,862
Creditors: Amounts Falling Due Within One Year	8	(141,038 )		(172,526 )

NET CURRENT ASSETS (LIABILITIES)			182,983		117,336

TOTAL ASSETS LESS CURRENT LIABILITIES			291,365		263,406

Creditors: Amounts Falling Due After More Than One Year	9		(38,560 )		(71,017 )

NET ASSETS			252,805		192,389

CAPITAL AND RESERVES
Called up share capital	11		10		10
Income Statement			252,795		192,379

SHAREHOLDERS' FUNDS			252,805		192,389

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Lumen Electronics Ltd

Statement of Financial Position (continued)

As At 31 December 2025

For the year ending 31 December 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 directors acknowledge their 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.

On behalf of the board

Mr Patrick Magee

Director

22 May 2026

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Lumen Electronics Ltd is a private company, limited by shares, incorporated in Northern Ireland, registered number NI621145 . The registered office is Unit 5G Shivers Business Park, 21 Hillhead Road, Toome, BT41 3SF.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets are product development costs. It is amortised to the income statement over its estimated economic life of 10 years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	10% to 33% straight line
Motor Vehicles	25% reducing balance
Fixtures & Fittings	10% to 33% straight line

2.5. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the income statement so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the income statement as incurred.

2.6. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

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Lumen Electronics Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.7. Financial Instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ of FRS 102.

Financial assets and financial liabilities are recognised when the company becomes a party to the contractual provisions of the instrument.

Basic financial assets, including trade and other debtors and cash and bank balances, are initially recognised at transaction price and subsequently measured at amortised cost, being transaction price less any amounts settled and any impairment losses.

Trade debtors are assessed for impairment at the end of each reporting period and an allowance is recognised where there is objective evidence of impairment.

Basic financial liabilities, including trade and other creditors and the company credit card, are initially recognised at transaction price and subsequently measured at amortised cost.

2.8. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.9. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the income statement as they become payable in accordance with the rules of the scheme.

2.10. Government Grant

Government grants are recognised in the income statement in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.

Grants for immediate financial support or to cover costs already incurred are recognised immediately in the income statement. Grants towards general activities of the entity over a specific period are recognised in the income statement over that period.

Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the income statement over the useful life of the asset concerned.

All grants in the income statement are recognised when all conditions for receipt have been complied with.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 12 (2024: 11)

4. Intangible Assets

	Other
	£
Cost
As at 1 January 2025	74,752

As at 31 December 2025	74,752

Amortisation
As at 1 January 2025	30,420
Provided during the period	7,475

As at 31 December 2025	37,895

Net Book Value
As at 31 December 2025	36,857

As at 1 January 2025	44,332

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Lumen Electronics Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

5. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£
Cost
As at 1 January 2025	107,936	84,085	7,908	199,929
Additions	2,435	-	1,077	3,512
Disposals	(61,544 )	-	(547 )	(62,091 )

As at 31 December 2025	48,827	84,085	8,438	141,350

Depreciation
As at 1 January 2025	66,187	31,251	753	98,191
Provided during the period	12,637	13,209	800	26,646
Disposals	(54,891 )	-	(121 )	(55,012 )

As at 31 December 2025	23,933	44,460	1,432	69,825

Net Book Value
As at 31 December 2025	24,894	39,625	7,006	71,525

As at 1 January 2025	41,749	52,834	7,155	101,738

Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:

	2025	2024
	£	£
Motor Vehicles	21,691	52,834

6. Stocks

	2025	2024
	£	£
Stock	39,599	26,375

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	142,697	157,186
Other debtors	1,857	13,500

	144,554	170,686

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Lumen Electronics Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	9,220	12,886
Trade creditors	79,098	114,205
Bank loans and overdrafts	15,658	26,706
Other creditors	1,462	5,502
Taxation and social security	35,600	13,227

	141,038	172,526

9. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	6,909	35,825
Bank loans	31,197	34,738
Other creditors	454	454

	38,560	71,017

10. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	9,220	12,886
Later than one year and not later than five years	6,909	35,825

	16,129	48,711

	16,129	48,711

11. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	10	10

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