Atom Led Lighting Ltd
Atom Led Lighting Ltd
Registered number: 12128771
Unaudited Financial Statements
For The Year Ended
31 July 2020
Atom Led Lighting Ltd
Unaudited Financial Statements
For The Year Ended
31 July 2020
Unaudited Financial Statements
| Contents | |
| Page | |
|---|---|
| Balance Sheet | 1—2 |
| Notes to the Financial Statements | 3—4 |
Atom Led Lighting Ltd
Balance Sheet
As at
31 July 2020
Balance Sheet
Registered number:
12128771
For the year ending 31 July 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
| 2020 | |||
|---|---|---|---|
| Notes | £ | £ | |
| CURRENT ASSETS | |||
| Stocks | 3 |
|
|
| Debtors | 4 |
|
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| Cash at bank and in hand |
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||
|
|
|||
| Creditors: Amounts Falling Due Within One Year | 5 |
( |
|
| NET CURRENT ASSETS (LIABILITIES) |
|
||
| TOTAL ASSETS LESS CURRENT LIABILITIES |
|
||
| Creditors: Amounts Falling Due After More Than One Year | 6 |
( |
|
| NET LIABILITIES |
( |
||
| CAPITAL AND RESERVES | |||
| Called up share capital | 7 |
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|
| Profit and Loss Account |
( |
||
| SHAREHOLDERS' FUNDS | (4,712) | ||
Page 1
Atom Led Lighting Ltd
Balance Sheet (continued)
As at
31 July 2020
Director's responsibilities
-
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. -
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. -
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime. - The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
|
Director
|
|
|
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Atom Led Lighting Ltd
Notes to the Financial Statements
For The Year Ended
31 July 2020
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
1.3.
Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.
Average Number of Employees
Average number of employees, including directors, during the year was as follows: 1
3.
Stocks
| 2020 | |
|---|---|
| £ | |
| Stock - finished goods |
|
|
|
|
4.
Debtors
| 2020 | |
|---|---|
| £ | |
| Due within one year | |
| Trade debtors |
|
|
|
|
5.
Creditors: Amounts Falling Due Within One Year
| 2020 | |
|---|---|
| £ | |
| Trade creditors |
|
| Bank loans and overdrafts |
|
| Accruals and deferred income |
|
| Director's loan account |
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Page 3
Atom Led Lighting Ltd
Notes to the Financial Statements (continued)
For The Year Ended
31 July 2020
6.
Creditors: Amounts Falling Due After More Than One Year
| 2020 | |
|---|---|
| £ | |
| Bank loans |
|
|
|
|
8.
General Information
Atom Led Lighting Ltd
is a private company, limited by shares, incorporated in England & Wales, registered number
12128771
. The registered office is Unit 3 Donnington Wood Workshops, Bradley Road, Telford, Shropshire, TF2 7RG.
Page 4