| Tindle Lighting Limited |
| Registered number: |
04207171 |
| Balance Sheet |
| as at 28 February 2019 |
|
| Notes |
|
|
2019 |
|
|
2018 |
| £ |
£ |
| Current assets |
| Stocks |
|
|
76,349 |
|
|
106,886 |
| Debtors |
5 |
|
18,101 |
|
|
50,362 |
| Cash at bank and in hand |
|
|
4,924 |
|
|
3,908 |
|
|
|
99,374 |
|
|
161,156 |
|
| Creditors: amounts falling due within one year |
6 |
|
(96,728) |
|
|
(128,793) |
|
| Net current assets |
|
|
|
2,646 |
|
|
32,363 |
|
| Total assets less current liabilities |
|
|
|
2,646 |
|
|
32,363 |
|
| Creditors: amounts falling due after more than one year |
7 |
|
|
(2,626,429) |
|
|
(2,522,098) |
|
|
|
| Net liabilities |
|
|
|
(2,623,783) |
|
|
(2,489,735) |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
100 |
|
|
100 |
| Profit and loss account |
|
|
|
(2,623,883) |
|
|
(2,489,835) |
|
| Shareholder's funds |
|
|
|
(2,623,783) |
|
|
(2,489,735) |
|
|
|
|
|
|
|
|
| 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 member has 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. |
|
|
|
| G M James |
| Director |
| Approved by the board on 13 November 2019 |
|
| Tindle Lighting Limited |
| Notes to the Accounts |
| for the year ended 28 February 2019 |
|
|
| 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 and value added taxes. |
|
|
Goodwill |
|
Goodwill, being the amount paid in connection with the acquisitionof a business in 2007, is being amortised over its estimated useful life. |
|
|
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: |
|
|
Plant and machinery |
20% to 50% straight line |
|
|
Stocks |
|
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised. |
|
|
Going Concern |
|
The company is financially reliant on its group companies who have agreed to continue to make available funds to enable the company to meet its liabilities as they fall due. The directors consider it appropriate to prepare financial statements on the going concern basis. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. |
|
|
Pensions |
|
Contributions to defined contribution plans are expensed in the period to which they relate. |
|
|
| 2 |
Employees |
2019 |
|
2018 |
| Number |
Number |
|
|
Average number of persons employed by the company |
6 |
|
6 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Intangible fixed assets |
£ |
|
Goodwill: |
|
|
Cost |
|
At 1 March 2018 |
1,208,404 |
|
At 28 February 2019 |
1,208,404 |
|
|
|
|
|
|
|
|
|
|
Amortisation |
|
At 1 March 2018 |
1,208,404 |
|
At 28 February 2019 |
1,208,404 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 28 February 2019 |
- |
|
|
|
|
|
|
|
|
|
|
Goodwill was being written off in equal annual instalments over its estimated economic life. |
|
|
| 4 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Plant and machinery etc |
| £ |
|
Cost |
|
At 1 March 2018 |
5,992 |
|
At 28 February 2019 |
5,992 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 March 2018 |
5,992 |
|
At 28 February 2019 |
5,992 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 28 February 2019 |
- |
|
|
| 5 |
Debtors |
2019 |
|
2018 |
| £ |
£ |
|
|
Other debtors |
18,101 |
|
50,362 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due within one year |
2019 |
|
2018 |
| £ |
£ |
|
|
Trade creditors |
19,807 |
|
9,475 |
|
Corporation tax |
28,199 |
|
63,297 |
|
Other creditors |
48,722 |
|
56,021 |
|
|
|
|
|
|
96,728 |
|
128,793 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Creditors: amounts falling due after one year |
2019 |
|
2018 |
| £ |
£ |
|
|
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
|
2,626,429 |
|
2,522,098 |
|
|
|
|
|
|
|
|
|
|
| 8 |
Other information |
|
|
Tindle Lighting Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
Unit 5 |
|
Croyden Business Centre |
|
214 Purley Way |
|
Croyden |
|
CR0 4XG |
