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Registered number: 14283182
Light Dynamix Ltd
Unaudited Financial Statements
For the Period 1 September 2024 to 31 December 2025
Gentax Accountants Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 14283182
31 December 2025 31 August 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 420,397 114,664
Tangible Assets 5 14,604 18,631
435,001 133,295
CURRENT ASSETS
Stocks 6 24,750 20,000
Debtors 7 21,616 10,492
Cash at bank and in hand 67,804 26,007
114,170 56,499
Creditors: Amounts Falling Due Within One Year 8 (77,540 ) (53,844 )
NET CURRENT ASSETS (LIABILITIES) 36,630 2,655
TOTAL ASSETS LESS CURRENT LIABILITIES 471,631 135,950
NET ASSETS 471,631 135,950
CAPITAL AND RESERVES
Called up share capital 9 100 100
Share premium account 224,975 74,985
Capital redemption reserve 10 -
Profit and Loss Account 246,546 60,865
SHAREHOLDERS' FUNDS 471,631 135,950
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For the period ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Ben Pickard
Director
31/08/2026
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Light Dynamix Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14283182 . The registered office is North Lodge Upper Hexgreave, Farnsfield, Newark, Nottinghamshire, NG22 8LS.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are .... It is amortised to the profit and loss account over its estimated economic life of .... years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 20% Written down value
Computer Equipment 20% Written down value
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the period, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 9 (2024: 6)
9 6
4. Intangible Assets
Other
£
Cost
As at 1 September 2024 114,664
Additions 305,733
As at 31 December 2025 420,397
Net Book Value
As at 31 December 2025 420,397
As at 1 September 2024 114,664
5. Tangible Assets
Motor Vehicles Computer Equipment Total
£ £ £
Cost
As at 1 September 2024 24,950 2,619 27,569
Additions - 3,608 3,608
As at 31 December 2025 24,950 6,227 31,177
...CONTINUED
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Depreciation
As at 1 September 2024 7,890 1,048 8,938
Provided during the period 6,654 981 7,635
As at 31 December 2025 14,544 2,029 16,573
Net Book Value
As at 31 December 2025 10,406 4,198 14,604
As at 1 September 2024 17,060 1,571 18,631
6. Stocks
31 December 2025 31 August 2024
£ £
Stock 24,750 20,000
7. Debtors
31 December 2025 31 August 2024
£ £
Due within one year
Other debtors 21,616 10,492
8. Creditors: Amounts Falling Due Within One Year
31 December 2025 31 August 2024
£ £
Trade creditors (1 ) (1 )
Other loans 50,000 -
Other creditors (3,677) 32,738
Taxation and social security 31,218 21,107
77,540 53,844
9. Share Capital
31 December 2025 31 August 2024
£ £
Allotted, Called up and fully paid 100 100
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10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 September 2024 Amounts advanced Amounts repaid Amounts written off As at 31 December 2025
£ £ £ £ £
Mr Ben Pickard 11,139 34,715 16,601 - 6,974
Mr Jonathan Fenning - 7,507 - - 7,507
Mr Mark Wingad 10,459 14,869 - - 4,408
The above loan is unsecured, interest free and repayable on demand.
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