Company registration number 04826173 (England and Wales)
Simply Lighting Limited
Unaudited
Financial Statements
for the year ended 30 September 2022
PAGES FOR FILING WITH REGISTRAR
Simply Lighting Limited
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 4
Simply Lighting Limited
Statement Of Financial Position
as at 30 September 2022
30 September 2022
- 1 -
2022
2021
Notes
£
£
£
£
Fixed assets
Tangible assets
3
156
208
Current assets
Stocks
31,200
28,400
Debtors
21,367
5,337
Cash at bank and in hand
37,114
81,447
89,681
115,184
Creditors: amounts falling due within one year
(63,585)
(70,193)
Net current assets
26,096
44,991
Total assets less current liabilities
26,252
45,199
Creditors: amounts falling due after more than one year
(25,211)
(43,787)
Net assets
1,041
1,412
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
941
1,312
Total equity
1,041
1,412
Simply Lighting Limited
Statement Of Financial Position (continued)
as at 30 September 2022
30 September 2022
- 2 -
In accordance with section 444 of the Companies Act 2006, all
of
the members of the company have consented to the
preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).
The directors of the company have elected not to include a copy of the income statement within the financial statements.
true
For the financial year ended 30 September 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
T
he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 21 February 2023 and are signed on its behalf by:
G S Reading
Director
Company Registration No. 04826173
Simply Lighting Limited
Notes to the financial statements
for the year ended 30 September 2022
- 3 -
1
Accounting policies
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in
sterling
, which is the functional currency of the company.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
Turnover
Turnover re
presents
the fair value of the consideration received for goods and services provided in the normal course of business
, and
is shown net of VAT
. Turnover is recognised on the provision of goods and services.
Tangible fixed assets
Tangible fixed assets
are initially measured at cost and subsequently measured at cost
less
depreciation
.
Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:
Fixtures, fittings & equipment
25% reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and
is credited or charged to profit or loss
.
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the
income statement
because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
Government grants
Government grants are recognised at the fair value of the asset receive
d
or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.
Simply Lighting Limited
Notes to the financial statements (continued)
for the year ended 30 September 2022
- 4 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2022
2021
Number
Number
Total
3
3
3
Tangible fixed assets
Fixtures, fittings & equipment
£
Cost
At 1 October 2021 and 30 September 2022
24,248
Depreciation and impairment
At 1 October 2021
24,040
Depreciation charged in the year
52
At 30 September 2022
24,092
Carrying amount
At 30 September 2022
156
At 30 September 2021
208
4
Company information
Simply Lighting Limited is a
private
company
limited by shares
incorporated in
England and Wales
.
The registered office is
117-119 Wakefield Road, Aspley, Huddersfield, HD5 9AN.