Switch on the Light Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09597168 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 May 2021

for

Switch on the Light Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Ms G F Barrett

Mrs N C Mendoza

REGISTERED OFFICE:

2 Batten Road

Downton Industrial Estate

Downton

Salisbury

Wiltshire

SP5 3HU

REGISTERED NUMBER:

09597168 (England and Wales)

CURRENT ASSETS

Debtors

4

25,283

24,745

Cash at bank

22,861

-

48,144

24,745

CREDITORS

Amounts falling due within one year

5

6,596

23,766

NET CURRENT ASSETS

41,548

979

TOTAL ASSETS LESS CURRENT LIABILITIES

41,548

979

CREDITORS

Amounts falling due after more than one year

6

35,000

-

NET ASSETS

6,548

979

CAPITAL AND RESERVES

Called up share capital

7

66

66

Capital redemption reserve

8

33

33

Retained earnings

8

6,449

880

SHAREHOLDERS' FUNDS

6,548

979

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 29 September 2021 and were signed on its behalf by:

Mrs N C Mendoza - Director

1.	STATUTORY INFORMATION

Switch on the Light Limited 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.

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 2 (2020 - 2 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.21

31.5.20

£

£

Trade debtors

4,378

-

Other debtors

20,905

24,745

25,283

24,745

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.21

31.5.20

£

£

Bank loans and overdrafts

-

4,974

Taxation and social security

4,221

16,417

Other creditors

2,375

2,375

6,596

23,766

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.5.21

31.5.20

£

£

Bank loans

35,000

-

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.21

31.5.20

value:

£

£

66

Ordinary

£1

66

66

8.

RESERVES

Capital

Retained

redemption

earnings

reserve

Totals

£

£

£

At 1 June 2020

880

33

913

Profit for the year

10,569

10,569

Dividends

(5,000

)

(5,000

)

At 31 May 2021

6,449

33

6,482