LUMINARIUM COMPANY LTD. - Abbreviated accounts

LUMINARIUM COMPANY LTD. - Abbreviated accounts

LUMINARIUM COMPANY LIMITED - Company Information

Print Friendly Version

Registered Number:
03505272
LUMINARIUM COMPANY LTD.
UNAUDITED FINANCIAL STATEMENTS
Year ended
31 December 2014
LUMINARIUM COMPANY LTD.
UNAUDITED FINANCIAL STATEMENTS
Year ended 31 December 2014
Balance Sheet
NOTES 2014 2013
£ £ £ £ £ £
Non-current Assets
Tangible Assets 6 25,323 13,292
25,323 13,292
Current Assets
Trade Debtors 1,447 31,150
Cash in Bank & Hand 343,851 265,559
Stock 4,381 -
Prepayments 7 29,002 25,895
Other Debtors 8 4,643 3,499
383,324 326,102
Liabilities : Amounts falling due within one year
Trade Creditors 2,763 18,167
Other Creditors 9 135,761 115,411
Accruals 10 2,100 3,088
140,625 136,667
Net Current Assets 242,699 189,435
Provisions for Liabilities & Charges
Deferred Taxation 4,708 2,223
4,708 2,223
TOTAL NET ASSETS 263,314 200,505
Capital
Ordinary Shares 2 2
Reserves 200,503 187,103
Profit & Loss Account 62,810 13,400
Shareholder's Funds 263,314 200,505
LUMINARIUM COMPANY LTD.
UNAUDITED FINANCIAL STATEMENTS
Year ended 31 December 2014
Balance Sheet (Continued...)
For the year ending 31 December 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
Members have not required the company to obtain an audit in accordance with section 476 of the act.
The directors acknowledge their responsibilities for:

(a) ensuring that the company keeps accounting records which comply with section 386 of the Companies Act 2006 and

(b) preparing financial statements which give a true and fair view of the state of affairs as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Section 394 and 395 and which otherwise comply with the requirements of the Act relating to financial statements, so far as applicable to the company.
These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard for Smaller entities (effective April 2008)
ON BEHALF OF THE BOARD:
A. Parkinson
Director
Approved Date: 24/03/2015
LUMINARIUM COMPANY LTD.
UNAUDITED FINANCIAL STATEMENTS
Year ended 31 December 2014
Notes to the Accounts
1 ACCOUNTING POLICIES
Accounting Convention
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of certain fixed assets, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Compliance with Accounting Standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and have been applied consistently (except otherwise stated).
Turnover
The turnover shown in the net profit and loss account represents the amounts invoiced during the period.
Depreciation
Depreciation is calculated so as to write off the cost of an asset over the useful economic life of that asset as follows;
Plant & Machinery - 20% Reducing Balance
Fixtures & Fittings - 20% Reducing Balance
Pensions
The company operates a defined contribution pension scheme. Contributions payable for the year are charged in the profit and loss account.
Foreign Currencies
Monetary assets and liabilities denominated in foreign currencies are translated into Sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the average rate for the period under review. All differences are taken to the Profit & Loss Account.
LUMINARIUM COMPANY LTD.
UNAUDITED FINANCIAL STATEMENTS
Year ended 31 December 2014
Notes to the Accounts
1 ACCOUNTING POLICIES (Continued…)
Deferred Taxation
Deferred tax is recognised in resepct of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax, or a right to pay less tax, or a right to received repayments of tax.

Deferred tax is measured on a non-discounted basis at the average tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.
2 TURNOVER
Overseas turnover amounted to 90% (93.2% - 2013) of the total turnover for the year.
3 OPERATING PROFIT 2014 2013
The Operating Profit is stated after charging:
Depreciation of Tangible Assets 4,384 2,449
Directors Remuneration 44,746 40,640
49,131 43,089
4 CORPORATION TAX 2014 2013
UK Corporation Tax 12,305 3,117
12,305 3,117
5 DEFERRED TAXATION 2014 2013
Deferred Taxation 2,484 336
2,484 336
LUMINARIUM COMPANY LTD.
UNAUDITED FINANCIAL STATEMENTS
Year ended 31 December 2014
Notes to the Accounts
6 TANGIBLE FIXED ASSET REGISTER
Plant & Machinery Fixtures & Fittings TOTAL
COST £ £ £
As at the 01 January 2014 23,557 36,240 59,797
Additions 19,776 291 20,067
Disposals 1,872 - 1,872
As at the 31 December 2014 39,682 36,531 76,213
DEPRECIATION
As at the 01 January 2014 15,278 31,227 46,505
Charge for the period 2,604 1,780 4,384
On disposals 399 - 399
As at the 31 December 2014 17,882 33,007 50,890
NET BOOK VALUE
As at the 31 December 2014 21,800 3,524 25,323
As at the 01 January 2014 8,279 5,013 13,292
LUMINARIUM COMPANY LTD.
UNAUDITED FINANCIAL STATEMENTS
Year ended 31 December 2014
Notes to the Accounts
7 PREPAYMENTS
2014 2013
£ £
Insurance 26,817 25,812
Subscriptions 226 83
Rent 1,959 -
29,002 25,895
8 OTHER DEBTORS
2014 2013
£ £
VAT 4,643 3,499
4,643 3,499
9 OTHER CREDITORS 2014 2013
£ £
Corporation Tax 12,305 3,117
Credit Card 61 1,862
Social Security & Taxes 3,579 1,610
Directors Loan Account 25,137 19,606
Customer Deposits 94,680 89,217
135,761 115,411
10 ACCRUALS 2014 2013
£ £
Rent - 958
Accountancy 2,100 1,600
Bookkeeping - 430
2,100 2,988
LUMINARIUM COMPANY LTD.
UNAUDITED FINANCIAL STATEMENTS
Year ended 31 December 2014
Notes to the Accounts
11 SHARE CAPITAL
Allotted issued & fully paid :
Class Value Number 2014 2013
£ £ £
Ordinary 1 2 2 2
2 2
Shares authorised :
Class Value Number 2014 2013
£ £ £
Ordinary 1 1,000 1,000 1,000
1,000 1,000
LUMINARIUM COMPANY LTD.
UNAUDITED FINANCIAL STATEMENTS
Year ended 31 December 2014
Notes to the Accounts
12 TRANSACTIONS WITH DIRECTORS
During the year a loan account existed between the company and the directors. The balance payable by the company at the 31 December 2014.
2014 2013
£ £
Mr A. Parkinson 25,137 19,606
25,137 19,606
13 RECONCILIATION OF MOVEMENTS IN SHAREHOLDERS' FUNDS
2014
£
Profit / Loss for the financial year 62,810
Net addition to shareholders' funds 62,810
Opening Shareholders' funds 200,504
Closing Shareholders' funds 263,313
Equity Interests 263,313
14 ULTIMATE CONTROLLING PARTY
Mr A. Parkinson is considered to be the ultimate controlling party as he is the sole director and holds 100% of the total issued share capital.
LUMINARIUM COMPANY LTD. 03505272 false true 2014-01-01 2014-12-31 2014-12-31 A. Parkinson 03505272 uk-bus:OrdinaryShareClass1 2013-12-31 03505272 uk-bus:AllOrdinaryShares 2013-12-31 03505272 2014-01-01 2014-12-31 03505272 uk-bus:Director40 2014-01-01 2014-12-31 03505272 uk-gaap:PlantMachinery 2014-01-01 2014-12-31 03505272 uk-gaap:FixturesFittingsToolsEquipment 2014-01-01 2014-12-31 03505272 uk-gaap:MotorVehicles 2014-01-01 2014-12-31 03505272 uk-bus:OrdinaryShareClass1 2014-01-01 2014-12-31 03505272 uk-bus:AllOrdinaryShares 2014-01-01 2014-12-31 03505272 uk-bus:Director1 2014-01-01 2014-12-31 03505272 2014-12-31 03505272 uk-gaap:PlantMachinery 2014-12-31 03505272 uk-gaap:ComputerEquipment 2014-12-31 03505272 uk-gaap:FixturesFittingsToolsEquipment 2014-12-31 03505272 uk-bus:OrdinaryShareClass1 2014-12-31 03505272 uk-bus:AllOrdinaryShares 2014-12-31 03505272 2013-12-31 03505272 uk-gaap:PlantMachinery 2013-12-31 03505272 uk-gaap:FixturesFittingsToolsEquipment 2013-12-31 iso4217:GBP xbrli:shares