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REGISTERED NUMBER: 11196732 (England and Wales)















LEY ELECTRICAL SERVICES LTD

Unaudited Financial Statements For The Year Ended 28 February 2023






LEY ELECTRICAL SERVICES LTD (Registered number: 11196732)






Contents of the Financial Statements
For The Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 6

LEY ELECTRICAL SERVICES LTD

Company Information
For The Year Ended 28 February 2023







DIRECTOR: N J Ley





SECRETARY:





REGISTERED OFFICE: 5, Sharp Close
Maulden
Bedfordshire
MK45 2BZ





REGISTERED NUMBER: 11196732 (England and Wales)





ACCOUNTANTS: Premier Accountancy
The Straw Barn
Upton End Business Park
Meppershall Road
Shillington
Bedfordshire
SG5 3PF

LEY ELECTRICAL SERVICES LTD (Registered number: 11196732)

Balance Sheet
28 February 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 26,252 12,115

CURRENT ASSETS
Debtors 5 90,699 66,445
Cash at bank 8,494 46,559
99,193 113,004
CREDITORS
Amounts falling due within one year 6 28,844 27,653
NET CURRENT ASSETS 70,349 85,351
TOTAL ASSETS LESS CURRENT
LIABILITIES

96,601

97,466

CREDITORS
Amounts falling due after more than one
year

7

-

1,588
NET ASSETS 96,601 95,878

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 96,501 95,778
96,601 95,878

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

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.

LEY ELECTRICAL SERVICES LTD (Registered number: 11196732)

Balance Sheet - continued
28 February 2023


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 director and authorised for issue on 5 September 2023 and were signed by:





N J Ley - Director


LEY ELECTRICAL SERVICES LTD (Registered number: 11196732)

Notes to the Financial Statements
For The Year Ended 28 February 2023

1. STATUTORY INFORMATION

LEY ELECTRICAL SERVICES LTD 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.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

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 year end and that are expected to apply to the reversal of the timing difference.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

LEY ELECTRICAL SERVICES LTD (Registered number: 11196732)

Notes to the Financial Statements - continued
For The Year Ended 28 February 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2022 24,525
Additions 22,889
At 28 February 2023 47,414
DEPRECIATION
At 1 March 2022 12,410
Charge for year 8,752
At 28 February 2023 21,162
NET BOOK VALUE
At 28 February 2023 26,252
At 28 February 2022 12,115

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 90,699 66,445

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 925 5,228
Taxation and social security 27,446 22,425
Other creditors 473 -
28,844 27,653

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other creditors - 1,588

LEY ELECTRICAL SERVICES LTD

Report of the Accountants to the Director of
LEY ELECTRICAL SERVICES LTD

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 28 February 2023 set out on pages three to eight and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Premier Accountancy
The Straw Barn
Upton End Business Park
Meppershall Road
Shillington
Bedfordshire
SG5 3PF


7 September 2023