Wholelight Limited - Filleted accounts

Registered number

01680895

Wholelight Limited

Filleted Accounts

31 March 2025

Wholelight Limited
Registered number:		01680895
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		286,819			286,819

Current assets
Debtors	4	23,500			-
Cash at bank and in hand		376,555			52,140
		400,055			52,140

Creditors: amounts falling due within one year	5	(59,138)			(57,379)

Net current assets/(liabilities)			340,917			(5,239)

Total assets less current liabilities			627,736			281,580

Creditors: amounts falling due after more than one year	6		(352,782)			(44,924)



Net assets			274,954			236,656

Capital and reserves
Called up share capital			100			100
Profit and loss account			274,854			236,556

Shareholders' funds			274,954			236,656

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 Abdul Hafeez Hamid
Director
Approved by the board on 7 May 2025

Wholelight Limited
Notes to the Accounts
for the year ended 31 March 2025

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. Turnover includes revenue earned from rent recieveable for the year. 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.


	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


	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
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.



2	Employees		2025		2024
Number				Number

	Average number of persons employed by the company		-		-

3	Tangible fixed assets
					Land and buildings
£
	Cost
	At 1 April 2024				286,819
	At 31 March 2025				286,819

	Depreciation
	At 31 March 2025				-

	Net book value
	At 31 March 2025				286,819
	At 31 March 2024				286,819


4	Debtors		2025		2024
£				£

	Trade debtors		23,500		-



5	Creditors: amounts falling due within one year		2025		2024
£				£

	Accruals and deferred income		7,391		7,391
	Taxation and social security costs		30,035		28,276
	Other creditors		21,712		21,712
			59,138		57,379


6	Creditors: amounts falling due after one year		2025		2024
£				£

	Bank loans		347,834		24,167
	Directors' accounts		4,948		20,757
			352,782		44,924


7	Other information

	Wholelight Limited is a private company limited by shares and incorporated in England. Its registered office is:
	3 Linehope Close
	Heaton Mersey
	Stockport
	Cheshire
	SK4 3QJ