Bulb Topco Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 13578448 (England and Wales)

Bulb Topco Limited

Financial Statements

for the Year Ended 31 October 2022

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Directors:

D G Hall

P R Daly

S Dines

J R B Stoddart

Registered office:

Unit 3 Western Road

Bracknell

Berkshire

RG12 1RW

Registered number:

13578448 (England and Wales)

Independent auditors:

Haines Watts

Chartered Accountants and Statutory Auditor

250 Fowler Avenue

Farnborough

Hampshire

GU14 7JP

Fixed assets

Investments

4

1

1

Debtors

Debtors: amounts falling due within one year

5

256,576

-

Debtors: amounts falling due after more than one year

5

7,622,547

7,622,547

7,879,123

7,622,547

Creditors

Amounts falling due within one year

6

1

1

Net current assets

7,879,122

7,622,546

Total assets less current liabilities

7,879,123

7,622,547

Capital and reserves

Called up share capital

7

1,288

1,225

Share premium

7,877,835

7,621,322

Shareholders' funds

7,879,123

7,622,547

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 26 April 2023 and were signed on its behalf by:

S Dines - Director

1.	Statutory information

Bulb Topco 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.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Financial instruments

Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at band and bank overdrafts which are an integral part of the company's cash management.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

Going concern

The directors have reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. In addition, Smart Electronic Technologies Ltd has provided confirmation that it will provide financial support to the company as necessary. Accordingly, the directors have adopted the going concern basis of accounting in preparing the annual financial statements.

3.	Employees and directors

The average number of employees during the year was NIL (2021 - NIL).

4.	Fixed asset investments

Shares in

group

undertakings

£

Cost

At 1 November 2021

and 31 October 2022

1

Net book value

At 31 October 2022

1

At 31 October 2021

1

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Bulb Midco 2 Limited

Registered office: Unit 3, The Western Centre, Western Road, Bracknell, England, RG12 1RW

Nature of business: Holding company/borrowing company

%

Class of shares:

holding

Ordinary shares

100.00

5.

Amounts falling due after more than one year

2022

2021

£

£

Amounts falling due within one year:

Amounts owed by group undertakings

256,576

-

Amounts falling due after more than one year:

Amounts owed by group undertakings

7,622,547

7,622,547

Aggregate amounts

7,879,123

7,622,547

6.

Creditors: amounts falling due within one year

2022

2021

£

£

Other creditors

1

1

7.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2022

2021

value:

£

£

68,994

Ordinary A shares

£0.01

690

690

53,553

Ordinary B shares

£0.01

536

535

6,190

Ordinary C shares

£0.01

62

-

1,288

1,225

6,190 Ordinary C shares shares of £0.01 each were allotted as fully paid at a premium of £41.44 per share during the year.

8.	Disclosure under Section 444(5B) of the Companies Act 2006

The Auditors' Report was unqualified.

Jonathan Moughton (Senior Statutory Auditor)

for and on behalf of Haines Watts

9.	Ultimate controlling party

The ultimate controlling party is Bestport Ventures LLP.