FOOTFALL LIGHTING LIMITED
FOOTFALL LIGHTING LIMITED
Registered number: 09655769
Unaudited Financial Statements
For The Year Ended
30 June 2023
Resolve - Tax and Accounts Limited
Suite 6, Bulldog House
London Road
Twyford
Berkshire
RG10 9EU
FOOTFALL LIGHTING LIMITED
Unaudited Financial Statements
For The Year Ended
30 June 2023
Unaudited Financial Statements
| Contents | |
| Page | |
|---|---|
| Balance Sheet | 1—2 |
| Notes to the Financial Statements | 3—5 |
Page 1
FOOTFALL LIGHTING LIMITED
Balance Sheet
As At
30 June 2023
Balance Sheet
Registered number:
09655769
For the year ending 30 June 2023 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible Assets | 4 |
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| CURRENT ASSETS | |||||
| Stocks | 5 |
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| Debtors | 6 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 7 |
( |
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| NET CURRENT ASSETS (LIABILITIES) |
( |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| NET ASSETS |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 8 |
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| Profit and Loss Account |
( |
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| SHAREHOLDERS' FUNDS | 1,178 | 51,697 | |||
Page 1
Page 2
FOOTFALL LIGHTING LIMITED
Balance Sheet (continued)
As At
30 June 2023
On behalf of the board
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Director
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The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
FOOTFALL LIGHTING LIMITED
Notes to the Financial Statements
For The Year Ended
30 June 2023
Notes to the Financial Statements
1.
General Information
FOOTFALL LIGHTING LIMITED
is a private company, limited by shares, incorporated in England & Wales, registered number
09655769
. The registered office is Units 4/5, Roughmoor Enterprise Centre, Williton, Taunton, Somerset, TA4 4AT.
2.
Accounting Policies
2.1.
Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
| Plant & Machinery |
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| Computer Equipment |
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The Directors have changed the depreciation rate used for Plant and machinery from 25% to 12.5% as they consider the useful ecconomic life of the machinery is better reflected with the lower rate of depreciation. The impact on the change is to have reduced the depreciation charges expensed in pror years by £15,488, and this change has been reflected in the comparative numbers in these accounts.
2.4.
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. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5.
Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
Page 3
Page 4
FOOTFALL LIGHTING LIMITED
Notes to the Financial Statements (continued)
For The Year Ended
30 June 2023
3.
Average Number of Employees
Average number of employees, including directors, during the year was:
| 2023 | 2022 | ||
|---|---|---|---|
| Office and administration |
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| Sales, marketing and distribution |
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| Manufacturing |
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4.
Tangible Assets
| Plant & Machinery | Computer Equipment | Total | |
|---|---|---|---|
| £ | £ | £ | |
| Cost | |||
| As at
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| Disposals |
( |
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( |
| As at
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| Depreciation | |||
| As at
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| Provided during the period |
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| Disposals |
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| As at
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| Net Book Value | |||
| As at
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5.
Stocks
| 2023 | 2022 | ||
|---|---|---|---|
| £ | £ | ||
| Stock |
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6.
Debtors
| 2023 | 2022 | ||
|---|---|---|---|
| £ | £ | ||
| Due within one year | |||
| Trade debtors |
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| Amounts owed by subsidiaries |
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Page 4
Page 5
FOOTFALL LIGHTING LIMITED
Notes to the Financial Statements (continued)
For The Year Ended
30 June 2023
7.
Creditors: Amounts Falling Due Within One Year
| 2023 | 2022 | ||
|---|---|---|---|
| £ | £ | ||
| Trade creditors |
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| Bank loans and overdrafts |
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| Corporation tax |
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( |
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| Other taxes and social security |
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| VAT |
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| Net wages | 654 | - | |
| Accruals and deferred income |
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| Directors' loan accounts |
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8.
Share Capital
| 2023 | 2022 | ||
|---|---|---|---|
| Allotted, called up and fully paid | £ | £ | |
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50,000 | 50,000 | |
Preference Shares
| 2023 | 2022 | ||
|---|---|---|---|
| Allotted, called up and fully paid | £ | £ | |
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75,000 | 75,000 | |
| Shares issued during the period: | £ |
|---|---|
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75,000 |
Page 5