Company registration number:		02543487
LLUMARLITE LIMITED
REPORT OF THE DIRECTOR'S AND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 March 2023

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LLUMARLITE LIMITED
BALANCE SHEET
AS AT 31 March 2023
					2023				2022
				Notes	£		£		£		£
FIXED ASSETS
Tangible assets				3			77,513				101,546
							77,513				101,546
CURRENT ASSETS
Stocks					20,000				20,000
Debtors					176,102				548,680
Cash at bank and in hand					1,440,574				1,452,846
					1,636,676				2,021,526
CREDITORS
Amounts falling due within one year					(52,044)				(95,835)
NET CURRENT ASSETS							1,584,632				1,925,691
TOTAL ASSETS LESS
CURRENT LIABILITIES							1,662,145				2,027,237
NET ASSETS							1,662,145				2,027,237
CAPITAL AND RESERVES
Called-up equity share capital							100				100
Profit and loss account							1,662,045				2,027,137
SHAREHOLDERS FUNDS							1,662,145				2,027,237
For the year ending 31 March 2023 the company was entitled to exemption 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of the accounts.
All the members have consented to the preparation of abridged financial statements for the year ended 31 March 2023 in accordance with Section 444(2A) of the Companies Act 2006.
The profit and loss account has not been delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small companies' regime.
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006. Approved by the board of directors on 9 June 2023 and signed on its behalf.
..........................................................................
G Jannetta
9 June 2023
The annexed notes form part of these financial statements.

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LLUMARLITE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

1.

Accounting policies

Statutory information

Llumarlite 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. The presentation currency of the financial statements is the £ sterling.

Statement of compliance

These financial statements have been prepared in accordance with the provisions of Section 1A 'Small entities' of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. There were no material departures from the standard.

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention in accordance with the accounting policies set out below. These financial statements have been prepared in accordance with FRS102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Fixed Assets

Tangible fixed assets are stated at cost less depreciation Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant and Machinery - 15% per annum of cost

Motor Vehicles - 25% per annum of cost

Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs. The recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset from which the estimates of future cash flows have not been adjusted. If the recoverable amount of an asset (or cash generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit and loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease. Recognised impairment losses are reversed if, and only if, the reasons for the impairment cease to apply.

Stocks and Work In Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Pension Scheme

The company operates a defined contribution pension scheme and pension contributions are charged to profit and loss account to spread the cost of the pensions over the employees working lives.

2.

Employees

The average number of persons employed by the company (including directors) during the year was 13.

3.	Tangible fixed assets
				Total
	Cost
	At start of period			619,126
	Additions			2,002
	Disposals			(29,254)
	At end of period			591,874
	Depreciation
	At start of period			517,580
	Provided during the period			21,981
	On disposals			(25,200)
	At end of period			514,361
	Net Book Value
	At start of period			101,546
	At end of period			77,513