Illuminaries Ltd - Accounts

Illuminaries Ltd - Accounts

ILLUMINARIES LIMITED - Company Information

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Registered Number: 02612240
England and Wales

 

 

 

ILLUMINARIES LTD


Abridged Accounts
 


Period of accounts

Start date: 01 June 2020

End date: 31 May 2021

Illuminaries Ltd
Contents Page
For the year ended 31 May 2021
Accountant’s report
You consider that the company is exempt from an audit for the year ended 31 May 2021 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
Thieme and Company
31 May 2021


Thieme and Company
18 Thorne Road
Doncaster
DN1 2HS
30 November 2021
1
 
 		 Notes
 		 2021
£		   2020
£
Fixed assets      
Tangible fixed assets 1,560    1,247 
1,560    1,247 
Current assets      
Debtors 6,718    4,291 
Cash at bank and in hand 80,119    65,647 
86,837    69,938 
Creditors: amount falling due within one year (20,633)   (14,824)
Net current assets 66,204    55,114 
 
Total assets less current liabilities 67,764    56,361 
Creditors: amount falling due after more than one year (14,446)   (20,370)
Provisions for liabilities (389)   (365)
Net assets 52,929    35,626 
 

Capital and reserves 		     
Called up share capital 10,100    10,100 
Profit and loss account 42,829    25,526 
Shareholder's funds 52,929    35,626 
 


For the year ended 31 May 2021 the company was entitled to exemption from audit under section 477 of the companies act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the companies act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 30 November 2021 and were signed on its behalf by:


--------------------------------
Katrina Pigott
Director
2
General Information
Illuminaries Ltd is a private company, limited by shares, registered in England and Wales, registration number 02612240, registration address Sum Studios, 1 Hartley Street, Sheffield, South Yorkshire, S2 3AQ

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared on the going concern basis and under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 25% Reducing Balance
Fixtures and Fittings 20% Reducing Balance
Computer Equipment 40% 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. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 2 (2020 : 3).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £
At 01 June 2020 832    1,951    3,115    5,898 
Additions -    42    1,150    1,192 
Disposals -    -    -    - 
At 31 May 2021 832    1,993    4,265    7,090 
Depreciation
At 01 June 2020 569    1,635    2,447    4,651 
Charge for year 66    72    741    879 
On disposals -    -    -    - 
At 31 May 2021 635    1,707    3,188    5,530 
Net book values
Closing balance as at 31 May 2021 197    286    1,077    1,560 
Opening balance as at 01 June 2020 263    316    668    1,247 


4.

Share Capital

Allotted, called up and fully paid
2021
£		   2020
£
10,100 Class A shares of £1.00 each 10,100    10,100 
10,100    10,100 

3