LIGHTDAY_LIMITED - Accounts

LIGHTDAY LIMITED - Company Information

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Company Registration No. 05069521 (England and Wales)

LIGHTDAY LIMITED

DIRECTOR'S REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2014

LIGHTDAY LIMITED

COMPANY INFORMATION

Director

J Sanger

Company number

05069521

Registered office

Goldblatts

171 -173 Gray's Inn Road

London

WC1X 8UE

London

WC1X 8UE

Business address

4 Conway Gardens,

Enfield

Middlesex

EN2 9AD

LIGHTDAY LIMITED

CONTENTS

Page

Director's report

Profit and loss account

Balance sheet

Notes to the financial statements

4 - 6

LIGHTDAY LIMITED

DIRECTOR'S REPORT

FOR THE YEAR ENDED 30 SEPTEMBER 2014

- 1 -

The director presents his report and financial statements for the year ended 30 September 2014.

Principal activities

The principal activity of the company continued to be that of business advisory services.

Director

The following director has held office since 1 October 2013:

J Sanger

Statement of director's responsibilities

The director is responsible for preparing the Director's Report and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.

On behalf of the board

J Sanger

Director

29 June 2015

LIGHTDAY LIMITED

PROFIT AND LOSS ACCOUNT

FOR THE YEAR ENDED 30 SEPTEMBER 2014

- 2 -

2014

2013

Notes

Turnover

73,344

82,870

Cost of sales

(8,120)

(17,833)

Gross profit

65,224

65,037

Administrative expenses

(20,777)

(19,440)

Operating profit

44,447

45,597

Other interest receivable and similar income

Profit on ordinary activities before taxation

44,448

45,600

Tax on profit on ordinary activities

(8,890)

(9,120)

Profit for the year

35,558

36,480

LIGHTDAY LIMITED

BALANCE SHEET

AS AT

30 SEPTEMBER 2014

- 3 -

2014

2013

Notes

Current assets

Debtors

4,231

5,392

Cash at bank and in hand

6,921

6,299

11,152

11,691

Creditors: amounts falling due within one year

(10,371)

(10,968)

Total assets less current liabilities

781

723

Capital and reserves

Called up share capital

100

Profit and loss account

681

623

Shareholders' funds

781

723

For the financial year ended 30 September 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and the Financial Reporting Standard for Smaller Entities (effective April 2008).

Approved by the Board for issue on 29 June 2015

J Sanger

Director

Company Registration No. 05069521

LIGHTDAY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2014

- 4 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Operating profit

2014

2013

Operating profit is stated after charging:

Director's remuneration

9,050

8,100

Investment income

2014

2013

Bank interest

Taxation

2014

2013

Domestic current year tax

U.K. corporation tax

8,890

9,120

Total current tax

8,890

9,120

Dividends

2014

2013

Ordinary interim paid

35,500

35,950

LIGHTDAY LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2014

- 5 -

Debtors

2014

2013

Trade debtors

4,231

5,392

Creditors: amounts falling due within one year

2014

2013

Taxation and social security

10,367

10,939

Other creditors

10,371

10,968

Share capital

2014

2013

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100

Statement of movements on profit and loss account

Profit
and loss
account

Balance at 1 October 2013

623

Profit for the year

35,558

Dividends paid

(35,500)

Balance at 30 September 2014

681

Control

The director controls the company.

LIGHTDAY LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2014

- 6 -

Related party relationships and transactions

Dividends to Directors

The following directors were paid dividends during the year as outlined in the table below:

2014

2013

J Sanger

35,500

35,450

35,500

35,450

Within other creditor notes, note 7, the director James Sanger was owed £4 (2013: £29).

LIGHTDAY LIMITED

MANAGEMENT INFORMATION

FOR THE YEAR ENDED 30 SEPTEMBER 2014

LIGHTDAY LIMITED

DETAILED TRADING AND PROFIT AND LOSS ACCOUNT

FOR THE YEAR ENDED 30 SEPTEMBER 2014

2014

2013

Turnover

Sales

73,344

82,870

Cost of sales

Direct costs

8,120

17,833

(8,120)

(17,833)

Gross profit

65,224

65,037

Administrative expenses

(20,777)

(19,440)

Operating profit

44,447

45,597

Other interest receivable and similar income

Bank interest received

Profit before taxation

44,448

45,600

LIGHTDAY LIMITED

SCHEDULE OF ADMINISTRATIVE EXPENSES

FOR THE YEAR ENDED 30 SEPTEMBER 2014

2014

2013

Administrative expenses

Directors' remuneration

9,050

8,100

Employer's N.I. contributions

Rent and services

1,040

Insurance

Cleaning

366

349

Printing, postage and stationery

701

602

Telephone

644

458

Magazines and periodicals

463

480

Motor running expenses

5,207

5,235

Travelling expenses

2,806

2,570

Bank charges

163

194

Sundry expenses

206

255

20,777

19,440