REGISTERED NUMBER: 07719496 (England and Wales)

Financial Statements

for the Year Ended 31 July 2025

for

Light Initiative Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

B Williams

REGISTERED OFFICE:

5 St Mildreds Road

Old Moulsham

Chelmsford

Essex

CM2 9PU

REGISTERED NUMBER:

07719496 (England and Wales)

ACCOUNTANTS:

Parker Cavendish

Chartered Accountants

Suite 301, Stanmore Business

and Innovation Centre

Howard Road

Stanmore

Middlesex

HA7 1FW

FIXED ASSETS

Property, plant and equipment

4

439,171

370,817

CURRENT ASSETS

Inventories

68,288

128,614

Debtors

5

251,395

271,002

Cash at bank

245,475

267,150

565,158

666,766

CREDITORS

Amounts falling due within one year

6

(515,180

)

(637,170

)

NET CURRENT ASSETS

49,978

29,596

TOTAL ASSETS LESS CURRENT LIABILITIES

489,149

400,413

CREDITORS

Amounts falling due after more than one year

7

(40,955

)

(87,158

)

NET ASSETS

448,194

313,255

CAPITAL AND RESERVES

Called up share capital

180

180

Share premium

32,265

32,265

Capital redemption reserve

20

20

Retained earnings

415,729

280,790

SHAREHOLDERS' FUNDS

448,194

313,255

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

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

The director acknowledges his 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 2 July 2026 and were signed by:

B Williams - Director

1.	STATUTORY INFORMATION

Light Initiative 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 represents the net invoiced sale and hire of equipment, net of value added tax.

Tangible fixed assets

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

Short leasehold

-

straight line over the life of the lease

Plant & machinery

-

25% on reducing balance

Computer equipment

-

20% on cost

Items of plant and machinery are stated at cost less accumulated depreciation. Costs include expenditure that is directly attributable to the acquisition and manufacture of the asset and related parts, to include an apportionment of labour costs where applicable.Hire equipment assets are depreciated to write them down to their residual value over their normal working lives which ranges from between three to five years depending on the category of the asset.

Stocks

Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

Government grants

Government grants are recognised as income when the grant proceeds are received or receivable.The grant proceeds are recognised gross as other operating income within the consolidated financial statements, with the related costs in the period in which they are intended to compensate being presented in the appropriate expense category.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2024 - 23 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Short

Plant &

Computer

leasehold

machinery

equipment

Totals

£

£

£

£

COST

At 1 August 2024

31,207

1,557,382

81,578

1,670,167

Additions

-

215,019

1,151

216,170

At 31 July 2025

31,207

1,772,401

82,729

1,886,337

DEPRECIATION

At 1 August 2024

31,207

1,214,367

53,776

1,299,350

Charge for year

-

137,876

9,940

147,816

At 31 July 2025

31,207

1,352,243

63,716

1,447,166

NET BOOK VALUE

At 31 July 2025

-

420,158

19,013

439,171

At 31 July 2024

-

343,015

27,802

370,817

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

as restated

£

£

Trade debtors

199,750

199,684

Other debtors

51,645

71,318

251,395

271,002

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

as restated

£

£

Bank loans and overdrafts

28,165

10,000

Trade creditors

198,546

294,635

Taxation and social security

106,733

90,062

Other creditors

181,736

242,473

515,180

637,170

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

as restated

£

£

Bank loans

40,955

87,158