VANGUARD LIGHTING LIMITED

VANGUARD LIGHTING LIMITED - Company Information

2021-01-012021-12-312021-12-31false02121771VANGUARD LIGHTING LIMITED2023-02-2868209iso4217:GBPxbrli:pure021217712021-01-01021217712021-12-31021217712021-01-012021-12-31021217712020-01-01021217712020-12-31021217712020-01-012020-12-3102121771bus:SmallEntities2021-01-012021-12-3102121771bus:AuditExempt-NoAccountantsReport2021-01-012021-12-3102121771bus:AbridgedAccounts2021-01-012021-12-3102121771bus:PrivateLimitedCompanyLtd2021-01-012021-12-3102121771core:WithinOneYear2021-12-3102121771core:AfterOneYear2021-12-3102121771core:WithinOneYear2020-12-3102121771core:AfterOneYear2020-12-3102121771core:ShareCapital2021-12-3102121771core:SharePremium2021-12-3102121771core:RevaluationReserve2021-12-3102121771core:OtherReservesSubtotal2021-12-3102121771core:RetainedEarningsAccumulatedLosses2021-12-3102121771core:ShareCapital2020-12-3102121771core:SharePremium2020-12-3102121771core:RevaluationReserve2020-12-3102121771core:OtherReservesSubtotal2020-12-3102121771core:RetainedEarningsAccumulatedLosses2020-12-3102121771core:LandBuildings2021-12-3102121771core:PlantMachinery2021-12-3102121771core:Vehicles2021-12-3102121771core:FurnitureFittings2021-12-3102121771core:OfficeEquipment2021-12-3102121771core:NetGoodwill2021-12-3102121771core:IntangibleAssetsOtherThanGoodwill2021-12-3102121771core:ListedExchangeTraded2021-12-3102121771core:UnlistedNon-exchangeTraded2021-12-3102121771core:LandBuildings2020-12-3102121771core:PlantMachinery2020-12-3102121771core:Vehicles2020-12-3102121771core:FurnitureFittings2020-12-3102121771core:OfficeEquipment2020-12-3102121771core:NetGoodwill2020-12-3102121771core:IntangibleAssetsOtherThanGoodwill2020-12-3102121771core:ListedExchangeTraded2020-12-3102121771core:UnlistedNon-exchangeTraded2020-12-3102121771core:LandBuildings2021-01-012021-12-3102121771core:PlantMachinery2021-01-012021-12-3102121771core:Vehicles2021-01-012021-12-3102121771core:FurnitureFittings2021-01-012021-12-3102121771core:OfficeEquipment2021-01-012021-12-3102121771core:NetGoodwill2021-01-012021-12-3102121771core:IntangibleAssetsOtherThanGoodwill2021-01-012021-12-3102121771core:ListedExchangeTraded2021-01-012021-12-3102121771core:UnlistedNon-exchangeTraded2021-01-012021-12-3102121771core:MoreThanFiveYears2021-01-012021-12-3102121771core:Non-currentFinancialInstruments2021-12-3102121771core:Non-currentFinancialInstruments2020-12-3102121771dpl:CostSales2021-01-012021-12-3102121771dpl:DistributionCosts2021-01-012021-12-3102121771dpl:AdministrativeExpenses2021-01-012021-12-3102121771core:LandBuildings2021-01-012021-12-3102121771core:PlantMachinery2021-01-012021-12-3102121771core:Vehicles2021-01-012021-12-3102121771core:FurnitureFittings2021-01-012021-12-3102121771core:OfficeEquipment2021-01-012021-12-3102121771core:NetGoodwill2021-01-012021-12-3102121771core:IntangibleAssetsOtherThanGoodwill2021-01-012021-12-3102121771dpl:GroupUndertakings2021-01-012021-12-3102121771dpl:ParticipatingInterests2021-01-012021-12-3102121771dpl:GroupUndertakingscore:ListedExchangeTraded2021-01-012021-12-3102121771core:ListedExchangeTraded2021-01-012021-12-3102121771dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-01-012021-12-3102121771core:UnlistedNon-exchangeTraded2021-01-012021-12-3102121771dpl:CostSales2020-01-012020-12-3102121771dpl:DistributionCosts2020-01-012020-12-3102121771dpl:AdministrativeExpenses2020-01-012020-12-3102121771core:LandBuildings2020-01-012020-12-3102121771core:PlantMachinery2020-01-012020-12-3102121771core:Vehicles2020-01-012020-12-3102121771core:FurnitureFittings2020-01-012020-12-3102121771core:OfficeEquipment2020-01-012020-12-3102121771core:NetGoodwill2020-01-012020-12-3102121771core:IntangibleAssetsOtherThanGoodwill2020-01-012020-12-3102121771dpl:GroupUndertakings2020-01-012020-12-3102121771dpl:ParticipatingInterests2020-01-012020-12-3102121771dpl:GroupUndertakingscore:ListedExchangeTraded2020-01-012020-12-3102121771core:ListedExchangeTraded2020-01-012020-12-3102121771dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2020-01-012020-12-3102121771core:UnlistedNon-exchangeTraded2020-01-012020-12-3102121771core:NetGoodwill2021-12-3102121771core:IntangibleAssetsOtherThanGoodwill2021-12-3102121771core:LandBuildings2021-12-3102121771core:PlantMachinery2021-12-3102121771core:Vehicles2021-12-3102121771core:FurnitureFittings2021-12-3102121771core:OfficeEquipment2021-12-3102121771core:AfterOneYear2021-12-3102121771core:WithinOneYear2021-12-3102121771core:ListedExchangeTraded2021-12-3102121771core:UnlistedNon-exchangeTraded2021-12-3102121771core:ShareCapital2021-12-3102121771core:SharePremium2021-12-3102121771core:RevaluationReserve2021-12-3102121771core:OtherReservesSubtotal2021-12-3102121771core:RetainedEarningsAccumulatedLosses2021-12-3102121771core:NetGoodwill2020-12-3102121771core:IntangibleAssetsOtherThanGoodwill2020-12-3102121771core:LandBuildings2020-12-3102121771core:PlantMachinery2020-12-3102121771core:Vehicles2020-12-3102121771core:FurnitureFittings2020-12-3102121771core:OfficeEquipment2020-12-3102121771core:AfterOneYear2020-12-3102121771core:WithinOneYear2020-12-3102121771core:L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Registered Number
02121771
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2021

VANGUARD LIGHTING LIMITED

Company Information
for the year from 1 January 2021 to 31 December 2021


Directors	FITZGERALD, Elizabeth Thora
	FITZGERALD, Lesley Ann
	FITZGERALD, Peter Gilbert
	FITZGERALD, Timothy Alan


Registered Address	26 Wheal Regent Park
	Carlyon Bay
	St Austell
	PL25 3SP


Registered Number	02121771 (England and Wales)

VANGUARD LIGHTING LIMITED

Balance Sheet as at
31 December 2021

	Notes	2021		2020
		£	£	£	£
Fixed assets
Intangible assets	5		50,000		50,000
Tangible assets	6		493,849		488,683
			543,849		538,683
Current assets
Debtors	7	71,348		66,704
Cash at bank and on hand		15,414		1,673
		86,762		68,377
Creditors amounts falling due within one year	8	(119,243)		(138,687)
Net current assets (liabilities)			(32,481)		(70,310)
Total assets less current liabilities			511,368		468,373
Provisions for liabilities	9		(13,352)		(63,971)
Net assets			498,016		404,402
Capital and reserves
Called up share capital			250		250
Revaluation reserve			338,422		338,422
Profit and loss account			159,344		65,730
Shareholders' funds			498,016		404,402

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The directors have chosen to not file a copy of the company’s profit and loss account.
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 and authorised for issue by the Board of Directors on 28 February 2023, and are signed on its behalf by:

FITZGERALD, Peter Gilbert
Director
Registered Company No. 02121771

VANGUARD LIGHTING LIMITED

Notes to the Financial Statements
for the year ended 31 December 2021

1.	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	Compliance with applicable reporting framework
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

3.	Accounting policies

	Property, plant and equipment policy
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Reducing balance (%)
	Plant and machinery	20

	Revenue recognition policy
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Revenue recognition policy

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Deferred tax policy
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax policy

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

4.	Employee information


		2021		2020
	Average number of employees during the year	0		0

5.	Intangible assets

		Total
		£
	Cost or valuation
	At 01 January 21	50,000
	At 31 December 21	50,000
	Net book value
	At 31 December 21	50,000
	At 31 December 20	50,000

6.	Property, plant and equipment

		Total
		£
	Cost or valuation
	At 01 January 21	491,475
	Additions	8,217
	At 31 December 21	499,692
	Depreciation and impairment
	At 01 January 21	2,792
	Charge for year	3,051
	At 31 December 21	5,843
	Net book value
	At 31 December 21	493,849
	At 31 December 20	488,683

7.	Debtors

	2021	2020
	£	£
Trade debtors / trade receivables	60,112	65,759
Other debtors	6,123	-
Prepayments and accrued income	5,113	945
Total	71,348	66,704


	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

8.	Creditors within one year

	2021	2020
	£	£
Trade creditors / trade payables	52,836	32,152
Bank borrowings and overdrafts	24,067	28,987
Taxation and social security	40,205	54,386
Other creditors	-	6,224
Accrued liabilities and deferred income	2,135	16,938
Total	119,243	138,687


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

9.	Provisions for liabilities
	Bad debt relief has been claimed on specific invoices

	2021	2020
	£	£
Net deferred tax liability (asset)	13,352	63,971
Total	13,352	63,971