Sirius Lighting Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11600737 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2021

for

Sirius Lighting Ltd

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

A J Murphy

Ms G Magnall

REGISTERED OFFICE:

Unit 25 Thornhill Road

Moons Moat North Industrial Estate

Redditch

B98 9ND

REGISTERED NUMBER:

11600737 (England and Wales)

ACCOUNTANTS:

Davies Archytas Accountants Ltd

14, The Oaks

Clews Road

Oakenshaw

Redditch

Worcestershire

B98 7ST

FIXED ASSETS

Tangible assets

4

13,896

15,562

CURRENT ASSETS

Stocks

318,039

301,395

Debtors

478,341

408,678

Cash at bank

22,685

18,103

819,065

728,176

CREDITORS

Amounts falling due within one year

691,520

737,334

NET CURRENT ASSETS/(LIABILITIES)

127,545

(9,158

)

TOTAL ASSETS LESS CURRENT LIABILITIES

141,441

6,404

CREDITORS

Amounts falling due after more than one year

50,000

-

NET ASSETS

91,441

6,404

CAPITAL AND RESERVES

Called up share capital

6

100

100

Retained earnings

91,341

6,304

SHAREHOLDERS' FUNDS

91,441

6,404

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2021 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Statement of Financial Position for the year ended 31 January 2021 in accordance with Section 444(2A) of the Companies Act 2006.

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 18 February 2021 and were signed on its behalf by:

A J Murphy - Director

1.	STATUTORY INFORMATION

Sirius Lighting Ltd 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

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Equipment

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2020 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 February 2020

20,750

Additions

2,966

At 31 January 2021

23,716

DEPRECIATION

At 1 February 2020

5,188

Charge for year

4,632

At 31 January 2021

9,820

NET BOOK VALUE

At 31 January 2021

13,896

At 31 January 2020

15,562

5.

LOANS

An analysis of the maturity of loans is given below:

31.1.21

31.1.20

£

£

Amounts falling due between one and two years:

Bank loans - 1-2 years

10,000

-

Amounts falling due between two and five years:

Bank loans - 2-5 years

40,000

-

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.21

31.1.20

value:

£

£

100

Ordinary

£1

100

100

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31 January 2021 and the period ended 31 January 2020:

31.1.21

31.1.20

£

£

A J Murphy

Balance outstanding at start of year

19,217

-

Amounts advanced

81,956

19,217

Amounts repaid

(49,534

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

51,639

19,217

8.	ULTIMATE CONTROLLING PARTY

The controlling parties throughout the year were the directors by virtue of their 100% holding of the issued share capital of the company.