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REGISTERED NUMBER: 09445420 (England and Wales)















LED CENTRAL LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28TH FEBRUARY 2022






LED CENTRAL LIMITED (REGISTERED NUMBER: 09445420)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28TH FEBRUARY 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 4


LED CENTRAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28TH FEBRUARY 2022







DIRECTORS: B Ilsley
Mrs S Terporter





REGISTERED OFFICE: 28 Dudley Street
Grimsby
N E Lincolnshire
DN31 2AB





REGISTERED NUMBER: 09445420 (England and Wales)





ACCOUNTANTS: Weaver Wroot
28 Dudley Street
Grimsby
N E Lincolnshire
DN31 2AB

LED CENTRAL LIMITED (REGISTERED NUMBER: 09445420)

BALANCE SHEET
28TH FEBRUARY 2022

28.2.22 28.2.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,732 3,135

CURRENT ASSETS
Stocks 93,074 117,674
Debtors 5 3,310 7,372
Cash at bank 26,892 5,252
123,276 130,298
CREDITORS
Amounts falling due within one year 6 123,411 130,720
NET CURRENT LIABILITIES (135 ) (422 )
TOTAL ASSETS LESS CURRENT LIABILITIES 2,597 2,713

PROVISIONS FOR LIABILITIES - 754
NET ASSETS 2,597 1,959

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 2,596 1,958
2,597 1,959

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 2022 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1st September 2022 and were signed on its behalf by:





B Ilsley - Director


LED CENTRAL LIMITED (REGISTERED NUMBER: 09445420)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28TH FEBRUARY 2022

1. STATUTORY INFORMATION

LED Central Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on cost
Computer equipment - 15% on reducing balance

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 for the year 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.

Current or deferred taxation assets and liabilities are not discounted.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1st March 2021
and 28th February 2022 1,200 3,660 4,860
DEPRECIATION
At 1st March 2021 569 1,156 1,725
Charge for year 180 223 403
At 28th February 2022 749 1,379 2,128
NET BOOK VALUE
At 28th February 2022 451 2,281 2,732
At 28th February 2021 631 2,504 3,135

LED CENTRAL LIMITED (REGISTERED NUMBER: 09445420)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28TH FEBRUARY 2022

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.22 28.2.21
£    £   
Other debtors 210 210
VAT 3,100 7,162
3,310 7,372

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.22 28.2.21
£    £   
Bank loans and overdrafts 42,892 50,000
Trade creditors 18,299 18,500
Directors' current accounts 61,970 61,970
Accrued expenses 250 250
123,411 130,720