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REGISTERED NUMBER: 03493830 (England and Wales)















LIGHTLINE ELECTRICAL SERVICES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2023






LIGHTLINE ELECTRICAL SERVICES LIMITED (REGISTERED NUMBER: 03493830)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LIGHTLINE ELECTRICAL SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2023







DIRECTORS: J Bradshaw
L Bradshaw





REGISTERED OFFICE: 40A Dryden Avenue
Ashton in Makerfield
Bryn
Wigan, Greater Manchester
Lancashire
WN4 0JZ





REGISTERED NUMBER: 03493830 (England and Wales)






LIGHTLINE ELECTRICAL SERVICES LIMITED (REGISTERED NUMBER: 03493830)

BALANCE SHEET
31 JANUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 31,063 14,567

CURRENT ASSETS
Stocks 500 500
Debtors 5 110,728 117,391
Cash at bank 310,144 310,178
421,372 428,069
CREDITORS
Amounts falling due within one year 6 90,836 83,130
NET CURRENT ASSETS 330,536 344,939
TOTAL ASSETS LESS CURRENT
LIABILITIES

361,599

359,506

CREDITORS
Amounts falling due after more than one year 7 (5,993 ) -

PROVISIONS FOR LIABILITIES (5,858 ) (2,719 )
NET ASSETS 349,748 356,787

CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and loss account 349,648 356,687
SHAREHOLDERS' FUNDS 349,748 356,787

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 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.

LIGHTLINE ELECTRICAL SERVICES LIMITED (REGISTERED NUMBER: 03493830)

BALANCE SHEET - continued
31 JANUARY 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 Board of Directors and authorised for issue on 17 October 2023 and were signed on its behalf by:




J Bradshaw - Director



L Bradshaw - Director


LIGHTLINE ELECTRICAL SERVICES LIMITED (REGISTERED NUMBER: 03493830)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

1. STATUTORY INFORMATION

Lightline Electrical Services 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 represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 10% on reducing balance
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

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.

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.

LIGHTLINE ELECTRICAL SERVICES LIMITED (REGISTERED NUMBER: 03493830)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 February 2022 1,562 9,164 429
Additions - - -
Disposals - - -
At 31 January 2023 1,562 9,164 429
DEPRECIATION
At 1 February 2022 1,304 6,153 321
Charge for year 26 453 64
Eliminated on disposal - - -
At 31 January 2023 1,330 6,606 385
NET BOOK VALUE
At 31 January 2023 232 2,558 44
At 31 January 2022 258 3,011 108

LIGHTLINE ELECTRICAL SERVICES LIMITED (REGISTERED NUMBER: 03493830)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 February 2022 38,525 512 50,192
Additions 26,205 - 26,205
Disposals (6,975 ) - (6,975 )
At 31 January 2023 57,755 512 69,422
DEPRECIATION
At 1 February 2022 27,740 107 35,625
Charge for year 5,551 128 6,222
Eliminated on disposal (3,488 ) - (3,488 )
At 31 January 2023 29,803 235 38,359
NET BOOK VALUE
At 31 January 2023 27,952 277 31,063
At 31 January 2022 10,785 405 14,567


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 88,476 105,384
Other debtors 19,532 11,915
Corporation tax recoverable 2,628 -
Prepayments and accrued income 92 92
110,728 117,391

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 2,997 -
Trade creditors 81,128 73,048
Corporation tax - 3,214
Social security and other taxes 3,684 5,001
Directors' current accounts 2,647 1,487
Accrued expenses 380 380
90,836 83,130

LIGHTLINE ELECTRICAL SERVICES LIMITED (REGISTERED NUMBER: 03493830)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 5,993 -

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 8,990 -

9. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100