| Mount Lighting Ltd |
| Registered number: |
08698396 |
| Balance Sheet |
| as at 28 February 2026 |
|
| Notes |
|
|
2026 |
|
|
2025 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
4 |
|
|
2,972,285 |
|
|
3,812,173 |
|
| Current assets |
| Stocks |
|
|
1,160,211 |
|
|
1,208,799 |
| Debtors |
5 |
|
510,469 |
|
|
1,143,869 |
| Cash at bank and in hand |
|
|
795,900 |
|
|
139,494 |
|
|
|
2,466,580 |
|
|
2,492,162 |
|
| Creditors: amounts falling due within one year |
6 |
|
(466,459) |
|
|
(911,904) |
|
| Net current assets |
|
|
|
2,000,121 |
|
|
1,580,258 |
|
| Total assets less current liabilities |
|
|
|
4,972,406 |
|
|
5,392,431 |
|
| Creditors: amounts falling due after more than one year |
7 |
|
|
(1,843,010) |
|
|
(2,186,644) |
|
| Provisions for liabilities |
|
|
|
(3,490) |
|
|
(1,752) |
|
|
| Net assets |
|
|
|
3,125,906 |
|
|
3,204,035 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Ordinary shares |
|
|
|
210 |
|
|
210 |
| Preference shares |
|
|
|
75,000 |
|
|
75,000 |
| Profit and loss account |
|
|
|
3,050,696 |
|
|
3,128,825 |
|
| Shareholders' funds |
|
|
|
3,125,906 |
|
|
3,204,035 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
| Mr Yorick Tuffin |
| Director |
| Approved by the board on 24 April 2026 |
|
| Mount Lighting Ltd |
| Notes to the Accounts |
| for the period from 1 April 2025 to 28 February 2026 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Freehold buildings |
over 50 years |
|
Leasehold land and buildings |
over the lease term |
|
Plant and machinery |
over 5 years |
|
Fixtures, fittings, tools and equipment |
over 5 years |
|
|
Stocks |
|
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
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 the 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. |
|
|
| 2 |
Employees |
2026 |
|
2025 |
| Number |
Number |
|
|
Average number of persons employed by the company |
19 |
|
19 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Intangible fixed assets |
£ |
|
Goodwill: |
|
|
Cost |
|
At 1 April 2025 |
1,000,000 |
|
At 28 February 2026 |
1,000,000 |
|
|
|
|
|
|
|
|
|
|
Amortisation |
|
At 1 April 2025 |
1,000,000 |
|
At 28 February 2026 |
1,000,000 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 28 February 2026 |
- |
|
|
|
|
|
|
|
|
|
|
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years. |
|
|
| 4 |
Tangible fixed assets |
|
|
Land and buildings |
|
Plant and machinery etc |
|
Motor vehicles |
|
Total |
| £ |
£ |
£ |
£ |
|
Cost |
|
At 1 April 2025 |
3,365,152 |
|
414,281 |
|
265,973 |
|
4,045,406 |
|
Additions |
- |
|
23,809 |
|
79,095 |
|
102,904 |
|
Disposals |
(800,749) |
|
- |
|
(67,028) |
|
(867,777) |
|
At 28 February 2026 |
2,564,403 |
|
438,090 |
|
278,040 |
|
3,280,533 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2025 |
- |
|
116,276 |
|
116,957 |
|
233,233 |
|
Charge for the period |
- |
|
72,658 |
|
37,954 |
|
110,612 |
|
On disposals |
- |
|
- |
|
(35,597) |
|
(35,597) |
|
At 28 February 2026 |
- |
|
188,934 |
|
119,314 |
|
308,248 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 28 February 2026 |
2,564,403 |
|
249,156 |
|
158,726 |
|
2,972,285 |
|
At 31 March 2025 |
3,365,152 |
|
298,005 |
|
149,016 |
|
3,812,173 |
|
|
| 5 |
Debtors |
2026 |
|
2025 |
| £ |
£ |
|
|
Trade debtors |
450,615 |
|
719,818 |
|
Other debtors |
|
|
|
|
20,000 |
|
393,692 |
|
Prepayments |
39,854 |
|
30,359 |
|
|
|
|
|
|
510,469 |
|
1,143,869 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due within one year |
2026 |
|
2025 |
| £ |
£ |
|
|
Company credit card |
42,463 |
|
20,691 |
|
Trade creditors |
54,419 |
|
253,932 |
|
Social security costs and other taxes |
309,049 |
|
371,165 |
|
Accruals |
10,528 |
|
2,116 |
|
Other loans |
50,000 |
|
264,000 |
|
|
|
|
|
|
466,459 |
|
911,904 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Creditors: amounts falling due after one year |
2026 |
|
2025 |
| £ |
£ |
|
|
Bank loans |
1,843,006 |
|
2,019,201 |
|
Other creditors |
4 |
|
167,443 |
|
|
|
|
|
|
1,843,010 |
|
2,186,644 |
|
|
|
|
|
|
|
|
|
|
| 8 |
Related party transactions |
|
|
Amount due to directors and shareholders as at the year end is £ 4 (2024-25: £167,443). |
|
|
| 9 |
Other information |
|
|
Mount Lighting Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
|
York House |
|
Blackburn Road |
|
Houghton Regis |
|
LU5 5BQ |