Light Hold Limited - Abbreviated accounts

LIGHT HOLD LIMITED - Company Information

Registered number

07749790

Light Hold Limited

Abbreviated Financial Statements

31 December 2013

Light Hold Limited

Report to the directors on the preparation of the unaudited abbreviated accounts of Light Hold Limited for the period ended 31 December 2013
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated financial statements of Light Hold Limited for the period ended 31 December 2013 which comprise of the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com/
This report is made solely to the Board of Directors of Light Hold Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Light Hold Limited and state those matters that we have agreed to state to the Board of Directors of Light Hold Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Light Hold Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Light Hold Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Light Hold Limited. You consider that Light Hold Limited is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the financial statements of Light Hold Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the abbreviated accounts.

Interim Assistance Ltd
Accountants
2 Minton Place
Victoria Road
Bicester
Oxon
OX26 6QB

Light Hold Limited
Registered number: 07749790
Abbreviated Balance Sheet
as at 31 December 2013

Notes			2013			2012
£				£
Fixed assets
Tangible assets	2		4,369,325			-

Current assets
Debtors		235,061			1
Cash at bank and in hand		496,280			-
		731,341			1

Creditors: amounts falling due within one year		(80,067)			-

Net current assets			651,274			1

Net assets			5,020,599			1

Capital and reserves
Called up share capital	3		4,996			1
Share premium			4,714,931			-
Profit and loss account			300,672			-

Shareholders' funds			5,020,599			1

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
Members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The financial statements have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.



P A Richter
Director
Approved by the board on 14 July 2014

Light Hold Limited
Notes to the Abbreviated Accounts
for the period ended 31 December 2013

1	Accounting policies

	Basis of preparation
	The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

	Turnover
	Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. Turnover is recognised when the goods are physically delivered to the customer and when services are provided.

	Depreciation
	Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery			12.5% straight line

	Deferred taxation
	Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the financial statements and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.

	Foreign currencies
	Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.


2	Tangible fixed assets					£

	Cost
	Additions					4,678,097
	At 31 December 2013					4,678,097

	Depreciation
	Charge for the period					308,772
	At 31 December 2013					308,772

	Net book value
	At 31 December 2013					4,369,325


3	Share capital	Nominal		2013		2013		2012
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£0.0010 each		4,995,629		4,996		1

Nominal			Number		Amount
value			£
	Shares issued during the period:
	Ordinary shares	£0.0010 each		4,995,629		4,996



4	Ultimate controlling party

	The directors are of the opinion that there is no controlling party.