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REGISTERED NUMBER: 03479253 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

AP LAMP DISTRIBUTORS LIMITED

AP LAMP DISTRIBUTORS LIMITED (REGISTERED NUMBER: 03479253)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

AP LAMP DISTRIBUTORS LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 31 DECEMBER 2025

| DIRECTORS: | P D Stone

| M P Smith FCA

| H B Jackson

| REGISTERED OFFICE: | 1 Langley Court

| Pyle Street

| Newport

| Isle of Wight

| PO30 1LA

| REGISTERED NUMBER: | 03479253 (England and Wales)

| ACCOUNTANTS: | Xeinadin Isle of Wight

| 1 Langley Court

| Pyle Street

| Newport

| Isle of Wight

| PO30 1LA

AP LAMP DISTRIBUTORS LIMITED (REGISTERED NUMBER: 03479253)

BALANCE SHEET

31 DECEMBER 2025

2025 | 2024 |

| Notes | £ | £ | £ | £

FIXED ASSETS

Tangible assets | 4 | 75,937 |  | 60,124 |  |

CURRENT ASSETS

Stocks | 5 | 513,910 |  | 611,135 |  |

Debtors | 6 | 1,022,806 |  | 820,990 |  |

Cash at bank and in hand | 30,150 |  | 45,597 |  |

1,566,866 |  | 1,477,722 |  |

CREDITORS

Amounts falling due within one year | 7 | 787,148 |  | 995,285 |  |

NET CURRENT ASSETS | 779,718 |  | 482,437 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 855,655 |  | 542,561 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (7,549 | ) | (11,537 | ) |

PROVISIONS FOR LIABILITIES | 9 | (10,528 | ) | (3,520 | ) |

NET ASSETS | 837,578 |  | 527,504 |  |

CAPITAL AND RESERVES

Called up share capital | 10 | 100 |  | 100 |  |

Retained earnings | 837,478 |  | 527,404 |  |

SHAREHOLDERS' FUNDS | 837,578 |  | 527,504 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

AP LAMP DISTRIBUTORS LIMITED (REGISTERED NUMBER: 03479253)

BALANCE SHEET - continued

31 DECEMBER 2025

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

In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 May 2026 and were signed on its behalf by:

H B Jackson - Director

M P Smith FCA - Director

AP LAMP DISTRIBUTORS LIMITED (REGISTERED NUMBER: 03479253)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1. | STATUTORY INFORMATION

| AP Lamp Distributors Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

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

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Plant and machinery | - | 25% on reducing balance

| Fixtures and fittings | - | 25% on reducing balance

| Motor vehicles | - | 25% on reducing balance

| Computer equipment | - | 33% on cost

| Stock

| Stock is valued at the lower of cost and net realisable value. The stock value has been reduced by a 20% provision, which the directors consider to be a fair representation of the impact of upon cost of retrospective supplier volume discount, combined with an appropriate write down to reflect the realisable value of obsolete and slow moving items.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

| Current or deferred taxation assets and liabilities are not discounted.

| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

| 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.

| Hire purchase and leasing commitments

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

AP LAMP DISTRIBUTORS LIMITED (REGISTERED NUMBER: 03479253)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

2. | ACCOUNTING POLICIES - continued

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 13 (2024 - 13 ) .

4. | TANGIBLE FIXED ASSETS

Fixtures |  |

Plant and | and | Motor | Computer |  |

machinery | fittings | vehicles | equipment | Totals |

| £ | £ | £ | £ | £

| COST

| At 1 January 2025 | 7,285 |  | 49,002 |  | 120,465 |  | 22,971 |  | 199,723 |  |

| Additions | - |  | - |  | 63,537 |  | - |  | 63,537 |  |

| Disposals | - |  | - |  | (55,525 | ) | - |  | (55,525 | ) |

| At 31 December 2025 | 7,285 |  | 49,002 |  | 128,477 |  | 22,971 |  | 207,735 |  |

| DEPRECIATION

| At 1 January 2025 | 4,227 |  | 43,989 |  | 69,421 |  | 21,962 |  | 139,599 |  |

| Charge for year | 767 |  | 1,254 |  | 28,250 |  | 1,009 |  | 31,280 |  |

| Eliminated on disposal | - |  | - |  | (39,081 | ) | - |  | (39,081 | ) |

| At 31 December 2025 | 4,994 |  | 45,243 |  | 58,590 |  | 22,971 |  | 131,798 |  |

| NET BOOK VALUE

| At 31 December 2025 | 2,291 |  | 3,759 |  | 69,887 |  | - |  | 75,937 |  |

| At 31 December 2024 | 3,058 |  | 5,013 |  | 51,044 |  | 1,009 |  | 60,124 |  |

5. | STOCKS

2025 | 2024 |

| £ | £

| Stocks | 513,910 |  | 611,135 |  |

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

| £ | £

| Trade debtors | 770,614 |  | 700,361 |  |

| Amounts owed by group undertakings | 101,224 |  | - |  |

| Other debtors | 122,104 |  | 68,926 |  |

| Directors' current accounts | 146 |  | - |  |

| Prepayments | 28,718 |  | 51,703 |  |

1,022,806 |  | 820,990 |  |

AP LAMP DISTRIBUTORS LIMITED (REGISTERED NUMBER: 03479253)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR - continued

| Other debtors consists of: Paypal £356 (2024: £Nil), supplier volume rebates £76,136 (2024: £55,358), goods in transit paid in advance £34,864 (2024: £Nil) and staff loans £10,748 (2024 £13,568).

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

| £ | £

| Bank loans and overdrafts | - |  | 28,349 |  |

| Hire purchase contracts | 2,624 |  | 8,019 |  |

| Trade creditors | 381,421 |  | 297,380 |  |

| Tax | 116,090 |  | 90,322 |  |

| Social security and other taxes | 12,533 |  | 7,483 |  |

| VAT | 44,852 |  | 49,471 |  |

| Other creditors | 224,711 |  | 512,960 |  |

| Directors' current accounts | - |  | 53 |  |

| Accrued expenses | 4,917 |  | 1,248 |  |

787,148 |  | 995,285 |  |

| Other creditors consists of credit card balance of £6,304 (2024: £4,984), company pension contributions £3,847 (2024: £1,736), Barclays Sales Finance £111,120 (2024: £454,236), volume rebates due to customers £78,440 (2024 £52,004), provision for leasehold property dilapidation £25,000 (2024: Nil). The balance owed to Barclays Sales Finance is secured by a floating charge over the company's trade debtors.

8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

| £ | £

| Hire purchase contracts | 7,549 |  | 11,537 |  |

9. | PROVISIONS FOR LIABILITIES

2025 | 2024 |

| £ | £

| Deferred tax | 10,528 |  | 3,520 |  |

Deferred tax |

| £

| Balance at 1 January 2025 | 3,520 |  |

| Provided during year | 7,008 |  |

| Balance at 31 December 2025 | 10,528 |  |

10. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

value: |  | £ | £

| 100 | Ordinary | £1 | 100 |  | 100 |  |

AP LAMP DISTRIBUTORS LIMITED (REGISTERED NUMBER: 03479253)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

11. | RELATED PARTY DISCLOSURES

| During the year the company traded with Eclipse (Distributors) Limited ("Eclipse") a company in which Hayden Jackson is a director and shareholder. All trade was carried out on usual commercial terms. At the year-end, Eclipse owed the company £698, and the company owed Eclipse £96,834.

| The company was charged accountancy fees of £5,368 by Mackenzies Accountants Limited, trading as Xeinadin Isle of Wight, a company in which Mark Smith's spouse is a director.

12. | ULTIMATE CONTROLLING PARTY

| The company's immediate controlling party is Light Co Holdings Limited ("LCH"), a company registered in England and Wales, number 16543775, which acquired 100% of the company's share capital on 24th November 2025. No individual, controls more than 25.005% of LCH, therefore the directors consider that AP lamp Distributors Limited, has no individual ultimate controlling party.

| Hayden Jackson a director, controls, directly and indirectly, 25.005% of LCH, and Mark Smith a director controls, directly and indirectly, 20.5% of LCH.