Leading Light Technologies Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 06496207

LEADING LIGHT TECHNOLOGIES LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

28 February 2026

LEADING LIGHT TECHNOLOGIES LIMITED

FINANCIAL STATEMENTS

YEAR ENDED 28 FEBRUARY 2026

Contents	Page

Officers and professional advisers	1

Statement of financial position	2

Notes to the financial statements	4

LEADING LIGHT TECHNOLOGIES LIMITED

OFFICERS AND PROFESSIONAL ADVISERS

The board of directors	M Scott-South
	T C McBride
	G Rose

Company secretary	M Scott-South

Registered office	Tower House
	Lucy Tower Street
	Lincoln
	LN1 1XW

Accountants	Streets LLP
	Chartered accountants
	Tower House
	Lucy Tower Street
	Lincoln
	Lincolnshire
	LN1 1XW

LEADING LIGHT TECHNOLOGIES LIMITED

STATEMENT OF FINANCIAL POSITION

28 February 2026

	2026		2025
Note	£	£	£

Fixed assets

Tangible assets	5		39,805	62,658

Current assets

Stocks		490,625	423,191
Debtors	6	696,603	823,781
Cash at bank and in hand		458,070	676,338
		-------------	-------------
		1,645,298	1,923,310

Creditors: amounts falling due within one year	7	483,056		475,402
		-------------		-------------
Net current assets			1,162,242	1,447,908
			-------------	-------------
Total assets less current liabilities			1,202,047	1,510,566

Creditors: amounts falling due after more than one year	8		9,175	22,487

Provisions

Taxation including deferred tax	7,563	11,905
	-------------	-------------
Net assets	1,185,309	1,476,174
	-------------	-------------

LEADING LIGHT TECHNOLOGIES LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

28 February 2026

	2026		2025
Note	£	£	£

Capital and reserves

Called up share capital	150	150
Profit and loss account	1,185,159	1,476,024
	-------------	-------------
Shareholders funds	1,185,309	1,476,174
	-------------	-------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 28 February 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 31 July 2026 , and are signed on behalf of the board by:

M Scott-South	T C McBride
Director	Director

G Rose
Director

Company registration number: 06496207

LEADING LIGHT TECHNOLOGIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 28 FEBRUARY 2026

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Tower House, Lucy Tower Street, Lincoln, LN1 1XW.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The actual outcome may diverge from these estimates if other assumptions are made, or other conditions arise. Significant judgements There are no judgements (apart from those involving estimations) that management has made in the process of applying the entity's accounting policies which have a significant effect on the amounts recognised in the financial statements. Key sources of estimation uncertainty Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. The key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are as follows: (i) Depreciation charges The annual depreciation charge for tangible assets is sensitive to changes in the useful economic lives and residual values of the assets. These are reviewed periodically by the Directors to ensure that they reflect both external and internal factors.

Revenue recognition

The turnover shown in the profit and loss account represents the value of all work done during the period, exclusive of Value Added Tax. Turnover is recognised at the point at which the company has fulfilled its contractual obligations and the risks and rewards attaching to the sale have been transferred to the customer.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Motor vehicles	-	20% straight line
Equipment	-	33% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks

Stocks are valued at the lower of cost and net realisable value, on a first-in-first-out basis, after making due allowance for obsolete and slow moving items. Cost is based on purchase price.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Other financial instruments, including derivatives, are recognised at fair value, with any subsequent changes to fair value recognised in profit or loss.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 5 (2025: 5 ).

5. Tangible assets

	Motor vehicles	Equipment	Total
	£	£	£
Cost
At 1 March 2025	97,772	23,487	121,259
Disposals	–	( 11,761)	( 11,761)
	---------	---------	----------
At 28 February 2026	97,772	11,726	109,498
	---------	---------	----------
Depreciation
At 1 March 2025	41,441	17,160	58,601
Charge for the year	19,554	3,299	22,853
Disposals	–	( 11,761)	( 11,761)
	---------	---------	----------
At 28 February 2026	60,995	8,698	69,693
	---------	---------	----------
Carrying amount
At 28 February 2026	36,777	3,028	39,805
	---------	---------	----------
At 28 February 2025	56,331	6,327	62,658
	---------	---------	----------

6. Debtors

	2026	2025
	£	£
Trade debtors	522,542	608,793
Other debtors	174,061	214,988
	----------	----------
	696,603	823,781
	----------	----------

7. Creditors: amounts falling due within one year

	2026	2025
	£	£
Trade creditors	235,116	145,234
Corporation tax	–	20,093
Social security and other taxes	20,263	30,415
Other creditors	227,677	279,660
	----------	----------
	483,056	475,402
	----------	----------

Included within other creditors is a balance of £13,312 (2025: £18,418) relating to assets held under hire purchase.

8. Creditors: amounts falling due after more than one year

	2026	2025
	£	£
Other creditors	9,175	22,487
	-------	---------

Included within other creditors is a balance of £9,175 (2025: £22,487) relating to assets held under hire purchase.

9. Directors' advances, credits and guarantees

Advances were made to the directors during the year of amounts totalling £62,805, resulting in an overdrawn balance carried forward of £62,805 at the year end. This balance was fully repaid within nine months of the year end; interest is charged at 2.25%.

10. Related party transactions

No transactions with related parties were undertaken such as are required to be disclosed under the FRS 102.

11. Controlling party

The company was under the control of its directors throughout the current and previous year.