Company Registration No. 07749764 (England and Wales)
Ledtroniks Ltd
Unaudited accounts
for the year ended 31 December 2021
Ledtroniks Ltd
Unaudited accounts
Contents
Ledtroniks Ltd
Company Information
for the year ended 31 December 2021
Directors
M Steinhart
M Robinson
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
Ledtroniks Ltd
Statement of financial position
as at 31 December 2021
Tangible assets
45,450
56,228
Cash at bank and in hand
4,690
12,510
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)
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
Ledtroniks Ltd
Notes to the Accounts
for the year ended 31 December 2021
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 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 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.
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.
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.
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
At 31 December 2021
64,497
1,213
6,736
72,446
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
At 31 December 2021
41,372
559
3,519
45,450
At 31 December 2020
51,130
699
4,399
56,228
Finished goods
73,234
54,520
6
Debtors: amounts falling due within one year
2021
2020
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
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).