LDK Electrical & Security Services Ltd 10572524 false 2022-01-01 2022-12-31 2022-12-31 The principal activity of the company is electrical contractors Digita Accounts Production Advanced 6.30.9574.0 true true 10572524 2022-01-01 2022-12-31 10572524 2022-12-31 10572524 core:RetainedEarningsAccumulatedLosses 2022-12-31 10572524 core:ShareCapital 2022-12-31 10572524 core:CurrentFinancialInstruments 2022-12-31 10572524 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 10572524 core:Non-currentFinancialInstruments core:AfterOneYear 2022-12-31 10572524 core:FurnitureFittingsToolsEquipment 2022-12-31 10572524 core:MotorVehicles 2022-12-31 10572524 bus:SmallEntities 2022-01-01 2022-12-31 10572524 bus:AuditExemptWithAccountantsReport 2022-01-01 2022-12-31 10572524 bus:FullAccounts 2022-01-01 2022-12-31 10572524 bus:SmallCompaniesRegimeForAccounts 2022-01-01 2022-12-31 10572524 bus:RegisteredOffice 2022-01-01 2022-12-31 10572524 bus:Director1 2022-01-01 2022-12-31 10572524 bus:Director2 2022-01-01 2022-12-31 10572524 bus:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 10572524 core:ComputerEquipment 2022-01-01 2022-12-31 10572524 core:FurnitureFittings 2022-01-01 2022-12-31 10572524 core:FurnitureFittingsToolsEquipment 2022-01-01 2022-12-31 10572524 core:MotorVehicles 2022-01-01 2022-12-31 10572524 countries:EnglandWales 2022-01-01 2022-12-31 10572524 2021-12-31 10572524 core:FurnitureFittingsToolsEquipment 2021-12-31 10572524 core:MotorVehicles 2021-12-31 10572524 2021-01-01 2021-12-31 10572524 2021-12-31 10572524 core:RetainedEarningsAccumulatedLosses 2021-12-31 10572524 core:ShareCapital 2021-12-31 10572524 core:CurrentFinancialInstruments 2021-12-31 10572524 core:CurrentFinancialInstruments core:WithinOneYear 2021-12-31 10572524 core:Non-currentFinancialInstruments core:AfterOneYear 2021-12-31 10572524 core:FurnitureFittingsToolsEquipment 2021-12-31 10572524 core:MotorVehicles 2021-12-31 iso4217:GBP xbrli:pure

Registration number: 10572524

LDK Electrical & Security Services Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2022

 

LDK Electrical & Security Services Ltd

Contents

Company Information

1

Statement of Financial Position

2

Notes to the Unaudited Financial Statements

3 to 7

 

LDK Electrical & Security Services Ltd

Company Information

Directors

Mr Liam James Knott

Mr Leigh David Knott

Registered office

C/o Bright Partnership
26 Edward Court
Altrincham Business Park
Altrincham
WA14 5GL

Accountants

Christopher Wilson & Co
26 Edward Court
Altrincham Business Park
Altrincham
WA14 5GL

 

LDK Electrical & Security Services Ltd

(Registration number: 10572524)
Statement of Financial Position as at 31 December 2022

Note

2022
£

2021
£

Fixed assets

 

Tangible assets

4

32,630

10,447

Current assets

 

Stocks

1,750

2,680

Debtors

5

17,840

483

Cash at bank and in hand

 

11,922

19,524

 

31,512

22,687

Creditors: Amounts falling due within one year

6

(20,840)

(26,360)

Net current assets/(liabilities)

 

10,672

(3,673)

Total assets less current liabilities

 

43,302

6,774

Creditors: Amounts falling due after more than one year

6

(11,088)

-

Net assets

 

32,214

6,774

Capital and reserves

 

Called up share capital

7

100

100

Retained earnings

32,114

6,674

Shareholders' funds

 

32,214

6,774

For the financial year ending 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 25 October 2023 and signed on its behalf by:
 

.........................................
Mr Leigh David Knott
Director

 

LDK Electrical & Security Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2022

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
C/o Bright Partnership
26 Edward Court
Altrincham Business Park
Altrincham
WA14 5GL
United Kingdom

These financial statements were authorised for issue by the Board on 25 October 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

These financial statements are presented in sterling, which is the functional currency of the entity.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

LDK Electrical & Security Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2022

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the
reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and Fittings

25% Reducing balance method

Motor Vehicles

25% Reducing balance method

Computer Equipment

25% Reducing balance method

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

 

LDK Electrical & Security Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2022

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2021 - 2).

 

LDK Electrical & Security Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2022

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 January 2022

2,572

23,896

26,468

Additions

575

38,319

38,894

Disposals

-

(23,896)

(23,896)

At 31 December 2022

3,147

38,319

41,466

Depreciation

At 1 January 2022

1,047

14,974

16,021

Charge for the year

493

7,296

7,789

Eliminated on disposal

-

(14,974)

(14,974)

At 31 December 2022

1,540

7,296

8,836

Carrying amount

At 31 December 2022

1,607

31,023

32,630

At 31 December 2021

1,525

8,922

10,447

5

Debtors

Current

2022
£

2021
£

Trade debtors

17,840

264

Prepayments

-

219

 

17,840

483

6

Creditors

Creditors: amounts falling due within one year

Note

2022
£

2021
£

Due within one year

 

Loans and borrowings

4,928

-

Trade creditors

 

2,886

12,142

Taxation and social security

 

7,749

1,849

Accruals and deferred income

 

1,105

752

Other creditors

 

4,172

11,617

 

20,840

26,360

 

LDK Electrical & Security Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2022

Creditors: amounts falling due after more than one year

Note

2022
£

2021
£

Due after one year

 

Loans and borrowings

11,088

-

7

Share capital

Allotted, called up and fully paid shares

 

2022

2021

 

No.

£

No.

£

Ordinary of £1 each

100

100

100

100