Advanced Lighting Technology (UK) Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07717378 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 July 2020

for

Advanced Lighting Technology (U.K.)

Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A Wilby

S J Rodgers

SECRETARY:

REGISTERED OFFICE:

1st Floor

Portland House

Belmont Business Park

Durham

DH1 1TW

REGISTERED NUMBER:

07717378 (England and Wales)

ACCOUNTANTS:

Murray and Lamb Limited

Chartered Accountants

1st Floor, Portland House

Belmont Business Park

Durham

DH1 1TW

FIXED ASSETS

Tangible assets

4

894

1,208

CURRENT ASSETS

Stocks

99,039

40,000

Debtors

5

168,784

114,064

Cash at bank and in hand

23,099

80,567

290,922

234,631

CREDITORS

Amounts falling due within one year

6

150,870

149,187

NET CURRENT ASSETS

140,052

85,444

TOTAL ASSETS LESS CURRENT LIABILITIES

140,946

86,652

CREDITORS

Amounts falling due after more than one year

7

(50,000

)

-

PROVISIONS FOR LIABILITIES

(170

)

(311

)

NET ASSETS

90,776

86,341

CAPITAL AND RESERVES

Called up share capital

50,000

50,000

Retained earnings

40,776

36,341

SHAREHOLDERS' FUNDS

90,776

86,341

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2020 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 November 2020 and were signed on its behalf by:

A Wilby - Director

1.	STATUTORY INFORMATION

Advanced Lighting Technology (U.K.) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on reducing balance and 25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2019 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 August 2019

and 31 July 2020

3,886

DEPRECIATION

At 1 August 2019

2,678

Charge for year

314

At 31 July 2020

2,992

NET BOOK VALUE

At 31 July 2020

894

At 31 July 2019

1,208

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade debtors

114,633

74,930

Other debtors

16,647

-

Directors' current accounts

1,222

1,805

Prepayments

36,282

37,329

168,784

114,064

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade creditors

92,323

81,639

Taxation and social security

41,918

61,297

Other creditors

16,629

6,251

150,870

149,187

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2020

2019

£

£

Bank loans

50,000

-

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

10,000

-

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 July 2020 and 31 July 2019:

2020

2019

£

£

S J Rodgers

Balance outstanding at start of year

(2,029

)

9,454

Amounts advanced

2,091

6,840

Amounts repaid

-

(18,323

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

62

(2,029

)

A Wilby

Balance outstanding at start of year

1,805

21,283

Amounts advanced

50,355

55,727

Amounts repaid

(51,000

)

(75,205

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

1,160

1,805

9.	ULTIMATE CONTROLLING PARTY

The Company is controlled by Mr A. Wilby who holds 50% of the Ordinary A shares..