Specialised Lighting Company Ltd

(Registration number: 7259654)
Abridged Balance Sheet as at 30 June 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	5	10,378	42,674
Current assets
Stocks		135,513	125,900
Debtors		139,011	151,733
Cash at bank and in hand		35,744	49,363
		310,268	326,996
Creditors: Amounts falling due within one year		(152,908)	(236,340)
Net current assets		157,360	90,656
Total assets less current liabilities		167,738	133,330
Creditors: Amounts falling due after more than one year		(36,418)	(53,409)
Accruals and deferred income		(2,700)	(2,500)
Net assets		128,620	77,421
Capital and reserves
Called up share capital	6	90	90
Capital redemption reserve		10	10
Retained earnings		128,520	77,321
Shareholders' funds		128,620	77,421

For the financial year ending 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

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 26 May 2026
 

L Shannon Director

Specialised Lighting Company Ltd

Notes to the Unaudited Abridged Financial Statements
for the Year Ended 30 June 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales and the company's registration number is 7259654. The business address and registered office is 65 Sunnybank Road, Bury BL9 8ES.

These financial statements were authorised for issue by the director on 26 May 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial accounts have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Turnover

Turnover represents the invoiced value of good and services supplied in the year, net of value added tax.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Furniture, fittings and equipment	33.3% Straight line method
Motor vehicles	33.3% Straight line method

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

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 7 (2024 - 6).

4	Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £50,500 (2024 - £68,500).

Specialised Lighting Company Ltd

Notes to the Unaudited Abridged Financial Statements
for the Year Ended 30 June 2025

5	Tangible assets

	Total £
Cost or valuation
At 1 July 2024	121,830
Additions	1,761
At 30 June 2025	123,591
Depreciation
At 1 July 2024	79,156
Charge for the year	34,057
At 30 June 2025	113,213
Carrying amount
At 30 June 2025	10,378
At 30 June 2024	42,674

6	Share capital

Allotted, called up and fully paid shares

	30 June 2025		30 June 2024
	No.	£	No.	£
Ordinary shares of £1 each	90	90	90	90

7

Security

Time Invoice Finance Limited t/a Time Finance hold a debenture dated 24 September 2024 giving a charge over the debts and fixed and floating charges over property and fixtures which are now owned, or become owned in the future.

8	Related party transactions

The director has a loan account with the company which was overdrawn at the year end by £18,423 (2024 - in credit). Total advances were made during the year of £41,896 and credits received were £23,472. The loan was overdrawn to a maximum of £23,596 in the year (2024 - £57,202).

Interest has been charged at a commercial rate and the loan is repayable on demand.