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Registered number: 01403043
Lumeter Limited
Financial Statements
For The Year Ended 30 June 2025
Roger Edmonds FCA
Chartered Accountants
18 Bradley Croft
Balsall Common
Coventry
CV7 7PZ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 01403043
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 111,277 115,957
111,277 115,957
CURRENT ASSETS
Stocks 6 260,885 284,895
Debtors 7 195,763 176,644
Cash at bank and in hand 36,952 34,682
493,600 496,221
Creditors: Amounts Falling Due Within One Year 8 (391,295 ) (344,629 )
NET CURRENT ASSETS (LIABILITIES) 102,305 151,592
TOTAL ASSETS LESS CURRENT LIABILITIES 213,582 267,549
Creditors: Amounts Falling Due After More Than One Year 9 (30,896 ) (69,075 )
NET ASSETS 182,686 198,474
CAPITAL AND RESERVES
Called up share capital 10 12,000 12,000
Profit and Loss Account 170,686 186,474
SHAREHOLDERS' FUNDS 182,686 198,474
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Page 2
For the year ending 30 June 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 Michael Gregory
Director
14th September 2025
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
Lumeter Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01403043 . The registered office is Roway Lane, Oldbury, West Midlands, B69 3EJ.
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. Research and Development
In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research is recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised to ... on a straight line basis over their expected useful economic lives, which range from ... to ... years.
If it is not possible to distinguish between the research phase and the development phase of an internal project the expenditure is treated as if it were all incurred in the research phase only.
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:
Freehold 2% Strait Line
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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.
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 year, 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 year was: 5 (2024: 5)
5 5
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4. Intangible Assets
Development Costs
£
Cost
As at 1 July 2024 24,875
As at 30 June 2025 24,875
Amortisation
As at 1 July 2024 24,875
As at 30 June 2025 24,875
Net Book Value
As at 30 June 2025 -
As at 1 July 2024 -
5. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £ £
Cost
As at 1 July 2024 233,995 92,703 8,391 43,413 378,502
As at 30 June 2025 233,995 92,703 8,391 43,413 378,502
Depreciation
As at 1 July 2024 118,038 92,703 8,391 43,413 262,545
Provided during the period 4,680 - - - 4,680
As at 30 June 2025 122,718 92,703 8,391 43,413 267,225
Net Book Value
As at 30 June 2025 111,277 - - - 111,277
As at 1 July 2024 115,957 - - - 115,957
6. Stocks
2025 2024
£ £
Stock 260,885 284,895
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7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 132,177 137,243
Other debtors 63,586 39,401
195,763 176,644
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 18,668 841
Bank loans and overdrafts 10,037 -
Other creditors 325,403 308,787
Taxation and social security 37,187 35,001
391,295 344,629
9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 30,896 69,075
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 12,000 12,000
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