LITE Limited - Limited company - abbreviated - 11.6
LITE Limited - Limited company - abbreviated - 11.6
| REGISTERED NUMBER: |
| ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 JULY 2014 |
| FOR |
| LIGHTING & ILLUMINATION TECHNOLOGY |
| EXPERIENCE LIMITED |
| LIGHTING & ILLUMINATION TECHNOLOGY |
| EXPERIENCE LIMITED (REGISTERED NUMBER: 04246192) |
| CONTENTS OF THE ABBREVIATED ACCOUNTS |
| for the year ended 31 July 2014 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| Chartered Accountants' Report | 6 |
| LIGHTING & ILLUMINATION TECHNOLOGY |
| EXPERIENCE LIMITED |
| COMPANY INFORMATION |
| for the year ended 31 July 2014 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| LIGHTING & ILLUMINATION TECHNOLOGY |
| EXPERIENCE LIMITED (REGISTERED NUMBER: 04246192) |
| ABBREVIATED BALANCE SHEET |
| 31 July 2014 |
| 2014 | 2013 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| Investment property | 3 |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| Cash in hand |
| CREDITORS |
| Amounts falling due within one year | 4 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
4 |
( |
) | ( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 5 |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| The directors acknowledge their 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. |
| LIGHTING & ILLUMINATION TECHNOLOGY |
| EXPERIENCE LIMITED (REGISTERED NUMBER: 04246192) |
| ABBREVIATED BALANCE SHEET - continued |
| 31 July 2014 |
| The financial statements were approved by the Board of Directors on |
| LIGHTING & ILLUMINATION TECHNOLOGY |
| EXPERIENCE LIMITED (REGISTERED NUMBER: 04246192) |
| NOTES TO THE ABBREVIATED ACCOUNTS |
| for the year ended 31 July 2014 |
| 1. | ACCOUNTING POLICIES |
| Accounting convention |
| The financial statements have been prepared under the historical cost convention and in accordance with the |
| Financial Reporting Standard for Smaller Entities (effective April 2008). |
| Turnover |
| The turnover shown in the profit and loss account represents revenue recognised by the company in respect of |
| goods and services supplied during the period, exclusive of Value Added Tax and trade discounts. |
| Tangible fixed assets |
| Exhibition equipment | - |
| Motor vehicles | - |
| Office equipment | - |
| Tangible fixed assets are initially recorded at cost. |
| Investment property |
| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in |
| market value is transferred to a revaluation reserve. |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
| moving items. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
| sheet date. |
| Research and development |
| Expenditure on research and development is written off in the year in which it is incurred. |
| Foreign currencies |
| 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 of exchange ruling at |
| the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
| Hire purchase and leasing commitments |
| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held |
| under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases |
| are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
| The interest element of these obligations is charged to the profit and loss account over the relevant period. The |
| capital element of the future payments is treated as a liability. |
| Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the |
| period of the lease. |
| LIGHTING & ILLUMINATION TECHNOLOGY |
| EXPERIENCE LIMITED (REGISTERED NUMBER: 04246192) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| for the year ended 31 July 2014 |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 August 2013 |
| Additions |
| Disposals | ( |
) |
| At 31 July 2014 |
| DEPRECIATION |
| At 1 August 2013 |
| Charge for year |
| Eliminated on disposal | ( |
) |
| At 31 July 2014 |
| NET BOOK VALUE |
| At 31 July 2014 |
| At 31 July 2013 |
| 3. | INVESTMENT PROPERTY |
| Total |
| £ |
| COST |
| At 1 August 2013 |
| and 31 July 2014 |
| NET BOOK VALUE |
| At 31 July 2014 |
| At 31 July 2013 |
| 4. | CREDITORS |
| Creditors include an amount of £ |
| 5. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2014 | 2013 |
| value: | £ | £ |
| Ordinary | £1 |
| 6. | ULTIMATE PARENT COMPANY |
| 7. | ULTIMATE CONTROLLING PARTY |
| The controlling party is |
| As the shares in the parent company are held equally by the shareholders there is not considered to be an |
| ultimately controlling party. |
| CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS |
| ON THE UNAUDITED FINANCIAL STATEMENTS OF |
| LIGHTING & ILLUMINATION TECHNOLOGY |
| EXPERIENCE LIMITED |
| The following reproduces the text of the report prepared for the directors in respect of the company's annual |
| unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to five) |
| have been prepared. |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the |
| financial statements of Lighting & Illumination Technology Experience Limited for the year ended 31 July 2014 which |
| comprise the Profit and Loss Account, the Balance Sheet, the Cash Flow Statement and the related notes from the |
| company's accounting records and from information and explanations you have given us. |
| As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject |
| to its ethical and other professional requirements which are detailed at icaew.com/membershandbook. |
| This report is made solely to the Board of Directors of Lighting & Illumination Technology Experience Limited, as a |
| body, in accordance with the terms of our engagement letter dated 28 May 2004. Our work has been undertaken solely |
| to prepare for your approval the financial statements of Lighting & Illumination Technology Experience Limited and |
| state those matters that we have agreed to state to the Board of Directors of Lighting & Illumination Technology |
| Experience Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the |
| fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its |
| Board of Directors, as a body, for our work or for this report. |
| It is your duty to ensure that Lighting & Illumination Technology Experience Limited has kept adequate accounting |
| records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial |
| position and profit of Lighting & Illumination Technology Experience Limited. You consider that Lighting & |
| Illumination Technology Experience Limited is exempt from the statutory audit requirement for the year. |
| We have not been instructed to carry out an audit or a review of the financial statements of Lighting & Illumination |
| Technology Experience Limited. For this reason, we have not verified the accuracy or completeness of the accounting |
| records or information and explanations you have given to us and we do not, therefore, express any opinion on the |
| statutory financial statements. |
| Chartered Accountants |
| 6 March 2015 |