Lumin8 Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10699291 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2020

for

Lumin8 Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

D Woodings

REGISTERED OFFICE:

Building 6000 Langstone Technology Park

Langstone Road

Havant

Hampshire

PO9 1SA

REGISTERED NUMBER:

10699291 (England and Wales)

ACCOUNTANTS:

AM-PM Accounting Solutions Limited

Building 6000

Langstone Technology Park

Langstone Road

Havant

Hampshire

PO9 1SA

FIXED ASSETS

Tangible assets

4

1,801

877

CURRENT ASSETS

Debtors

5

4

4

Cash at bank

1,957

3,093

1,961

3,097

CREDITORS

Amounts falling due within one year

6

3,719

3,868

NET CURRENT LIABILITIES

(1,758

)

(771

)

TOTAL ASSETS LESS CURRENT LIABILITIES

43

106

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

33

96

43

106

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

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

The director acknowledges his 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 director and authorised for issue on 31 March 2021 and were signed by:

D Woodings - Director

1.	STATUTORY INFORMATION

Lumin8 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.

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.

Computer equipment

-

25% on cost

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2019 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2019

-

1,754

1,754

Additions

137

1,680

1,817

At 31 March 2020

137

3,434

3,571

DEPRECIATION

At 1 April 2019

-

877

877

Charge for year

34

859

893

At 31 March 2020

34

1,736

1,770

NET BOOK VALUE

At 31 March 2020

103

1,698

1,801

At 31 March 2019

-

877

877

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Trade debtors

4

4

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Trade creditors

660

-

Taxation and social security

1,017

996

Other creditors

2,042

2,872

3,719

3,868

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2020 and 31 March 2019:

31.3.20

31.3.19

£

£

D Woodings

Balance outstanding at start of year

(2,050

)

(2,671

)

Amounts advanced

39,090

39,970

Amounts repaid

(38,259

)

(39,349

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(1,219

)

(2,050

)

8.	RELATED PARTY DISCLOSURES

During the year, total dividends of £1,600 (2019 - £2,000) were paid to the director .

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is D Woodings.