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Report of the Directors and |
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Unaudited Financial Statements |
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for the Period 1st November 2020 to 31st December 2020 |
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INDO LIGHTING LIMITED |
REGISTERED NUMBER:
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Report of the Directors and |
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Unaudited Financial Statements |
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for the Period 1st November 2020 to 31st December 2020 |
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for |
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INDO LIGHTING LIMITED |
INDO LIGHTING LIMITED (REGISTERED NUMBER: 06419298) |
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Contents of the Financial Statements |
for the Period 1st November 2020 to 31st December 2020 |
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Company Information | 1 |
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Report of the Directors | 2 |
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Balance Sheet | 3 |
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Notes to the Financial Statements | 5 |
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INDO LIGHTING LIMITED |
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Company Information |
for the Period 1st November 2020 to 31st December 2020 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Accountants |
89 Leigh Road |
Eastleigh |
Hampshire |
SO50 9DQ |
INDO LIGHTING LIMITED (REGISTERED NUMBER: 06419298) |
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Report of the Directors |
for the Period 1st November 2020 to 31st December 2020 |
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The directors present their report with the financial statements of the company for the period 1st November 2020 to 31st December 2020. |
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PRINCIPAL ACTIVITY |
The principal activity of the company in the period under review was that of the supply of lighting equipment. |
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REVIEW OF BUSINESS |
We extended the 2020 fiscal year and shortened the subsequent tax period, enabling alignment with the calendar year and providing better matching with customer spending profiles. |
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Although Government street lighting spending reduced at the start of the Covid-19 pandemic, INDO was in a unique position to pivot its production capabilities and answer the NHS's call for better PPE. INDO invested, in collaboration with |
a major NHS foundation trust, to bring a reusable form of respiratory protection to the market. We are forecasting strong growth across the lighting sector both domestically as well as internationally due to strategic market and product expansion, |
alongside an ongoing requirement for PPE to protect frontline workers against new variants of Covid-19 and other airborne contaminants. |
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DIRECTORS |
The directors shown below have held office during the whole of the period from 1st November 2020 to the date of this report. |
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This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies. |
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ON BEHALF OF THE BOARD: |
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INDO LIGHTING LIMITED (REGISTERED NUMBER: 06419298) |
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Balance Sheet |
31st December 2020 |
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2020 | 2020 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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Investments | 5 |
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CURRENT ASSETS |
Stocks |
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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 |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
8 |
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( |
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PROVISIONS FOR LIABILITIES | ( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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Share premium |
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Retained earnings | ( |
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SHAREHOLDERS' FUNDS |
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The directors acknowledge their 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. |
INDO LIGHTING LIMITED (REGISTERED NUMBER: 06419298) |
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Balance Sheet - continued |
31st December 2020 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors and authorised for issue on
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INDO LIGHTING LIMITED (REGISTERED NUMBER: 06419298) |
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Notes to the Financial Statements |
for the Period 1st November 2020 to 31st December 2020 |
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1. | STATUTORY INFORMATION |
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Indo Lighting Limited is a
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
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Tangible fixed assets |
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Leasehold property improvement | - |
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Plant & equipment | - |
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Motor vehicles | - |
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Office equipment | - |
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Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
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Taxation |
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
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Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference. |
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Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
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Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
INDO LIGHTING LIMITED (REGISTERED NUMBER: 06419298) |
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Notes to the Financial Statements - continued |
for the Period 1st November 2020 to 31st December 2020 |
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2. | ACCOUNTING POLICIES - continued |
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Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
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Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
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Warranty provision |
Provision is made for the estimated cost of meeting obligations under warranties issued by the company. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the period was
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4. | TANGIBLE FIXED ASSETS |
Leasehold |
property | Plant & | Motor | Office |
improvement | equipment | vehicles | equipment | Totals |
£ | £ | £ | £ | £ |
COST |
At 1st November 2020 |
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Additions |
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At 31st December 2020 |
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DEPRECIATION |
At 1st November 2020 |
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Charge for period |
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At 31st December 2020 |
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NET BOOK VALUE |
At 31st December 2020 |
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At 31st October 2020 |
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5. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
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COST |
At 1st November 2020 |
and 31st December 2020 |
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NET BOOK VALUE |
At 31st December 2020 |
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At 31st October 2020 |
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INDO LIGHTING LIMITED (REGISTERED NUMBER: 06419298) |
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Notes to the Financial Statements - continued |
for the Period 1st November 2020 to 31st December 2020 |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2020 | 2020 |
£ | £ |
Trade debtors |
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Other debtors |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2020 | 2020 |
£ | £ |
Bank loans and overdrafts |
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Trade creditors |
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Taxation and social security |
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Other creditors |
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8. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
2020 | 2020 |
£ | £ |
Other creditors |
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9. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
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The following advances and credits to directors subsisted during the periods ended 31st December 2020 and 31st October 2020: |
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2020 | 2020 |
£ | £ |
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Balance outstanding at start of period |
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Amounts repaid |
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Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of period |
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Balance outstanding at start of period |
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Amounts repaid |
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Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of period |
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10. | RELATED PARTY DISCLOSURES |
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Included under provision for liabilities is an amount of £151,425 owed to Indo Services Limited in relation to warranties provided by that company on behalf of Indo Lighting Limited. This company is a 100% owned subsidiary. |
INDO LIGHTING LIMITED (REGISTERED NUMBER: 06419298) |
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Notes to the Financial Statements - continued |
for the Period 1st November 2020 to 31st December 2020 |
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11. | ULTIMATE CONTROLLING PARTY |
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The controlling party is T R J Baynham. |