Keegan Lighting Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 08706174 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 September 2022

for

Keegan Lighting Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

B J Keegan

SECRETARY:

REGISTERED OFFICE:

38 Florence Street

Hitchin

Hertfordshire

SG5 1QZ

REGISTERED NUMBER:

08706174 (England and Wales)

FIXED ASSETS

Tangible assets

4

27,460

31,730

CURRENT ASSETS

Debtors

5

4,024

7,954

Cash at bank

24,164

10,166

28,188

18,120

CREDITORS

Amounts falling due within one year

6

17,566

13,508

NET CURRENT ASSETS

10,622

4,612

TOTAL ASSETS LESS CURRENT LIABILITIES

38,082

36,342

CREDITORS

Amounts falling due after more than one year

7

25,959

35,845

NET ASSETS

12,123

497

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

12,023

397

SHAREHOLDERS' FUNDS

12,123

497

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 28 June 2023 and were signed by:

B J Keegan - Director

1.	STATUTORY INFORMATION

Keegan Lighting 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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 1 (2021 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 October 2021

68,038

Additions

2,295

At 30 September 2022

70,333

DEPRECIATION

At 1 October 2021

36,308

Charge for year

6,565

At 30 September 2022

42,873

NET BOOK VALUE

At 30 September 2022

27,460

At 30 September 2021

31,730

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.22

30.9.21

£

£

Trade debtors

3,545

6,366

Other debtors

479

1,588

4,024

7,954

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.22

30.9.21

£

£

Hire purchase contracts

5,187

4,661

Trade creditors

31

210

Taxation and social security

9,763

6,127

Other creditors

2,585

2,510

17,566

13,508

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.22

30.9.21

£

£

Bank loans

14,556

18,729

Hire purchase contracts

11,403

17,116

25,959

35,845