1st Light Limited - Accounts to registrar (filleted) - small 18.2
1st Light Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| For The Period 1 December 2016 to 28 November 2017 |
| for |
| 1st Light Limited |
| 1st Light Limited (Registered number: 08787428) |
| Contents of the Financial Statements |
| For The Period 1 December 2016 to 28 November 2017 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| 1st Light Limited |
| Company Information |
| For The Period 1 December 2016 to 28 November 2017 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Mill House |
| 58 Guildford Street |
| Chertsey |
| Surrey |
| KT16 9BE |
| 1st Light Limited (Registered number: 08787428) |
| Balance Sheet |
| 28 November 2017 |
| 28.11.17 | 30.11.16 |
| Notes | £ | £ |
| CURRENT ASSETS |
| Stocks |
| Debtors | 4 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 5 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital | 6 |
| Retained earnings | 7 |
| SHAREHOLDERS' FUNDS |
| 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. |
| 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 on |
| 1st Light Limited (Registered number: 08787428) |
| Notes to the Financial Statements |
| For The Period 1 December 2016 to 28 November 2017 |
| 1. | STATUTORY INFORMATION |
| 1st Light Limited is a |
| registered number and registered office address can be found on the Company Information page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable.Turnover is reduced for |
| estimated customer returns, rebates and other similar allowances.Turnover from the sale of goods is recognised |
| when goods are delivered and legal title has passed. |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
| moving items. |
| Taxation |
| Taxation represents the sum of tax currently payable, and deferred tax if material. |
| The company's liability for current tax is calculated using tax rates that have been enacted or substantively |
| enacted by the end of the reporting period. |
| Deferred tax, where material, is recognised on all timing differences between the carrying amounts of assets and |
| liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. |
| The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the |
| extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset |
| to be recovered. |
| Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which |
| the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or |
| substantively enacted by the end of the reporting period. |
| Debtors |
| Trade and other debtors are recognised at the settlement amount due after any trade discount offered. |
| Prepayments are valued at the amount prepaid net of any trade discounts due. |
| Cash at bank and in hand |
| Cash at bank includes cash and short term highly liquid investments with a short maturity of three months or less |
| from the date of acquisition or opening of the deposit or similar account. |
| Creditors |
| Creditors, provisions and accrued costs are recognised where the company has a present obligation resulting |
| from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the |
| obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their |
| settlement amount after allowing for any trade discounts due. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the period was NIL. |
| 1st Light Limited (Registered number: 08787428) |
| Notes to the Financial Statements - continued |
| For The Period 1 December 2016 to 28 November 2017 |
| 4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 28.11.17 | 30.11.16 |
| £ | £ |
| Other debtors |
| Directors' current accounts | 50,549 | - |
| VAT |
| 5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 28.11.17 | 30.11.16 |
| £ | £ |
| Corporation tax |
| VAT | - | 72 |
| Directors' current accounts | - | 29 |
| Accrued expenses |
| 6. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 28.11.17 | 30.11.16 |
| value: | £ | £ |
| Ordinary | £1 | 1 | 1 |
| 7. | RESERVES |
| Retained |
| earnings |
| £ |
| At 1 December 2016 |
| Profit for the period |
| Dividends | ( |
) |
| At 28 November 2017 |
| 8. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to a director subsisted during the period ended 28 November 2017 and the |
| year ended 30 November 2016: |
| 28.11.17 | 30.11.16 |
| £ | £ |
| Balance outstanding at start of period |
| Amounts advanced |
| Amounts repaid |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of period |