REGISTERED NUMBER: 02560057 (England and Wales)

CORONA LIGHTING LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2026

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

Mr. M Day

REGISTERED OFFICE:

Unit 4c Palmersvale Business Centre

Palmerston

Barry

CF63 2XA

REGISTERED NUMBER:

02560057 (England and Wales)

ACCOUNTANTS:

Carston ETL

Tudor House

16 Cathedral Road

Cardiff

CF11 9LJ

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

3,059

3,787

Investment property

6

100,000

100,000

103,059

103,787

CURRENT ASSETS

Stocks

1,950

2,074

Debtors

7

7,820

14,028

Cash at bank

18,516

33,951

28,286

50,053

CREDITORS

Amounts falling due within one year

8

39,501

36,405

NET CURRENT (LIABILITIES)/ASSETS

(11,215

)

13,648

TOTAL ASSETS LESS CURRENT LIABILITIES

91,844

117,435

CREDITORS

Amounts falling due after more than one year

9

(7,576

)

(40,865

)

PROVISIONS FOR LIABILITIES

(19,327

)

(19,509

)

NET ASSETS

64,941

57,061

CAPITAL AND RESERVES

Called up share capital

1,002

1,002

Revaluation reserve

10

55,686

55,686

Retained earnings

8,253

373

SHAREHOLDERS' FUNDS

64,941

57,061

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2026 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 October 2026 and were signed by:

Mr. M Day - Director

1.	STATUTORY INFORMATION

Corona Lighting Ltd 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.

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 as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Improvements to property

-

Over 20 years

Plant and machinery

-

15% straight line on cost

Fixtures and fittings

-

15% straight line on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks

Stocks 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 Statement of Income and Retained Earnings, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2025 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 July 2025

and 30 June 2026

7,500

AMORTISATION

At 1 July 2025

and 30 June 2026

7,500

NET BOOK VALUE

At 30 June 2026

-

At 30 June 2025

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Improvements

Plant and

and

to property

machinery

fittings

Totals

£

£

£

£

COST

At 1 July 2025

and 30 June 2026

8,053

20,233

10,364

38,650

DEPRECIATION

At 1 July 2025

5,502

18,997

10,364

34,863

Charge for year

403

325

-

728

At 30 June 2026

5,905

19,322

10,364

35,591

NET BOOK VALUE

At 30 June 2026

2,148

911

-

3,059

At 30 June 2025

2,551

1,236

-

3,787

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 July 2025

and 30 June 2026

100,000

NET BOOK VALUE

At 30 June 2026

100,000

At 30 June 2025

100,000

The director valued the investment property for the purpose of these financial statements on the basis of his best estimate of its open market value for existing use.

Fair value at 30 June 2026 is represented by:

£

Valuation in 2016

74,248

Cost

25,752

100,000

If the investment property had not been revalued it would have been included at the following historical cost:

2026

2025

£

£

Cost

25,752

25,752

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

7,820

14,028

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

2,366

4,771

Trade creditors

3,057

6,663

Taxation and social security

2,586

3,742

Other creditors

31,492

21,229

39,501

36,405

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans

7,576

40,865

10.

RESERVES

Revaluation

reserve

£

At 1 July 2025

and 30 June 2026

55,686