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Company Registration No. 07749764 (England and Wales)
Ledtroniks Ltd Unaudited accounts for the year ended 31 December 2021
Ledtroniks Ltd Unaudited accounts Contents
Page
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Ledtroniks Ltd Company Information for the year ended 31 December 2021
Directors
M Steinhart M Robinson
Secretary
M Steinhart
Company Number
07749764 (England and Wales)
Registered Office
Churchill House 137-139 Brent Street London NW4 4DJ
Accountants
Clearfin Accountants Limited Churchill House 137-139 Brent Street London NW4 4DJ
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Ledtroniks Ltd Statement of financial position as at 31 December 2021
2021 
2020 
Notes
£ 
£ 
Fixed assets
Tangible assets
45,450 
56,228 
Current assets
Inventories
73,234 
54,520 
Debtors
1,625 
47,195 
Cash at bank and in hand
4,690 
12,510 
79,549 
114,225 
Creditors: amounts falling due within one year
(320,109)
(266,335)
Net current liabilities
(240,560)
(152,110)
Total assets less current liabilities
(195,110)
(95,882)
Creditors: amounts falling due after more than one year
(31,455)
(43,631)
Net liabilities
(226,565)
(139,513)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(226,566)
(139,514)
Shareholders' funds
(226,565)
(139,513)
For the year ending 31 December 2021 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 17 August 2022 and were signed on its behalf by
M Robinson Director Company Registration No. 07749764
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Ledtroniks Ltd Notes to the Accounts for the year ended 31 December 2021
1
Statutory information
Ledtroniks Ltd is a private company, limited by shares, registered in England and Wales, registration number 07749764. The registered office is Churchill House, 137-139 Brent Street, London, NW4 4DJ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% on reducing value
Fixtures & fittings
20% on reducing value
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Going concern
The financial statements have been drawn up on the going concern basis. The company is dependent upon the continuing support of its directors and group undertakings, which is expected to continue for at least one year from the date of approval of the financial statements. On this basis, the directors consider it appropriate to prepare the financial statements on the going concern basis.
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Ledtroniks Ltd Notes to the Accounts for the year ended 31 December 2021
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2021
63,912 
1,213 
6,736 
71,861 
Additions
585 
- 
- 
585 
At 31 December 2021
64,497 
1,213 
6,736 
72,446 
Depreciation
At 1 January 2021
12,782 
514 
2,337 
15,633 
Charge for the year
10,343 
140 
880 
11,363 
At 31 December 2021
23,125 
654 
3,217 
26,996 
Net book value
At 31 December 2021
41,372 
559 
3,519 
45,450 
At 31 December 2020
51,130 
699 
4,399 
56,228 
5
Inventories
2021 
2020 
£ 
£ 
Finished goods
73,234 
54,520 
73,234 
54,520 
6
Debtors: amounts falling due within one year
2021 
2020 
£ 
£ 
VAT
1,625 
6,639 
Trade debtors
- 
40,556 
1,625 
47,195 
7
Creditors: amounts falling due within one year
2021 
2020 
£ 
£ 
Obligations under finance leases and hire purchase contracts
12,176 
12,176 
Trade creditors
28,486 
32,651 
Amounts owed to group undertakings and other participating interests
276,935 
218,993 
Taxes and social security
1,317 
1,318 
Other creditors
195 
197 
Accruals
1,000 
1,000 
320,109 
266,335 
8
Creditors: amounts falling due after more than one year
2021 
2020 
£ 
£ 
Obligations under finance leases and hire purchase contracts
31,455 
43,631 
9
Average number of employees
During the year the average number of employees was 3 (2020: 3).
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