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Registered number: 14207768

Daylite Limited

ACCOUNTS

FOR THE YEAR ENDED 31/03/2026

Prepared By:

Frank Gartland Limited

6 Torland Road

Plymouth

PL3 5TS

Daylite Limited

ACCOUNTS

FOR THE YEAR ENDED 31/03/2026

DIRECTORS

Mrs J Day

Mr G Williams BSc ACA

REGISTERED OFFICE

180 Exeter Street

Plymouth

PL4 0NQ

COMPANY DETAILS

Private company limited by shares registered in EW - England and Wales, registered number 14207768

ACCOUNTANTS

Frank Gartland Limited

6 Torland Road

Plymouth

PL3 5TS

Daylite Limited

ACCOUNTS
FOR THEYEARENDED31/03/2026
CONTENTS
		Page
Directors' Report		-
Accountants' Report		-
Statement Of Comprehensive Income		-
Balance Sheet		3
Notes To The Accounts		4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account		-
Profit And Loss Account Summaries		-

Daylite Limited

BALANCE SHEET AT 31/03/2026
						2026				2025
		Notes				£				£
FIXED ASSETS
Tangible assets		3				2,496,563				2,406,775
CURRENT ASSETS
Stock				32,150				132,463
Debtors		6		17,479				50,915
Cash at bank and in hand				20,765				6,318
				70,394				189,696
CREDITORS: Amounts falling due within one year		7		697,533				1,002,934
NET CURRENT LIABILITIES						(627,139)				(813,238)
TOTAL ASSETS LESS CURRENT LIABILITIES						1,869,424				1,593,537
CREDITORS: Amounts falling due after more than one year		8				1,795,876				1,574,273
NET ASSETS						73,548				19,264
CAPITAL AND RESERVES
Called up share capital		9				1,000				1,000
Profit and loss account						72,548				18,264
SHAREHOLDERS' FUNDS						73,548				19,264
For the year ending 31/03/2026 the company was entitled to exemption 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 directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 22/10/2026 and signed on their behalf by
.............................
Mr G Williams BSc ACA
Director

Daylite Limited

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31/03/2026

1. ACCOUNTING POLICIES

1a. Basis Of Accounting

The accounts have been prepared under the historical cost convention.

The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .

1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Motor Cars		straight line 25%

1c. Investment Properties

Investment properties are included in the financial statements at open market value. No depreciation is provided on such property in compliance with the Financial Reporting Standard for Smaller Entities. This departure from Companies Act requirements is necessary to show a true and fair view.

1d. Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.

2. EMPLOYEES
				2026		2025
				No.		No.
Average number of employees				2		2

Daylite Limited

3. TANGIBLE FIXED ASSETS
		Motor Cars		Total
		£		£
Cost
At 01/04/2025		850		850
At 31/03/2026		850		850
Depreciation
At 01/04/2025		425		425
For the year		212		212
At 31/03/2026		637		637
Net Book Amounts
At 31/03/2026		213		213
At 31/03/2025		425		425

4. INVESTMENT PROPERTIES
		Investment
		Properties		Total
		£		£
Fair value
At 01/04/2025		2,406,350		2,406,350
Additions		90,000		90,000
At 31/03/2026		2,496,350		2,496,350
Investment property is shown at fair value in accordance with FRS102.The properties have been valued at 31 March 2026 by a Director,Mr Wililams, who has extensive experience in the local property market.The property values shown equate to previous red book valuations undertaken by qualified surveyors. The Directors have then applied local knowledge and yields to determine prudent values which can be acheived in the local market place.
The historical cost of the properties is £2,250,350 (2025 £2,175,350).

5. STOCK				2026		2025
				£		£
Stock comprises:
Work in progress				32,150		132,463
				32,150		132,463

Daylite Limited

6. DEBTORS				2026		2025
				£		£
Amounts falling due within one year
Trade debtors				9,179		-
VAT				-		1,965
Other debtors				7,500		48,950
Prepayments				800		-
				17,479		50,915

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
				2026		2025
				£		£
UK corporation tax				14,596		4,000
Directors current account-GW				200,436		471,255
Directors current account-JD				395,198		432,941
Loans (secured)				27,332		27,750
Trade creditors				24,060		9,082
Other creditors				1,009		36,203
Accruals				34,902		2,512
Sinking Fund				-		19,191
				697,533		1,002,934

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
				2026		2025
				£		£
Bank loans (secured) >1yr				1,545,876		1,574,273
Loans >1yr				250,000		-
				1,795,876		1,574,273

9. SHARE CAPITAL				2026		2025
				£		£
Allotted, issued and fully paid:
1000 Class 1 shares of £1 each				1000		1000
				1,000		1,000