IRIS Accounts Production v23.3.0.418 06484461 Board of Directors 1.3.22 28.2.23 28.2.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh064844612022-02-28064844612023-02-28064844612022-03-012023-02-28064844612021-02-28064844612021-03-012022-02-28064844612022-02-2806484461ns10:Originalns15:EnglandWales2022-03-012023-02-2806484461ns14:PoundSterlingns10:Original2022-03-012023-02-2806484461ns10:Originalns10:Director12022-03-012023-02-2806484461ns10:Original2022-03-012023-02-2806484461ns10:Original2023-02-2806484461ns10:Originalns10:PrivateLimitedCompanyLtd2022-03-012023-02-2806484461ns10:Originalns10:SmallEntities2022-03-012023-02-2806484461ns10:Originalns10:AuditExempt-NoAccountantsReport2022-03-012023-02-2806484461ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-03-012023-02-2806484461ns10:SmallCompaniesRegimeForAccountsns10:Original2022-03-012023-02-2806484461ns10:Originalns10:FullAccounts2022-03-012023-02-2806484461ns10:Originalns10:Director22022-03-012023-02-2806484461ns10:CompanySecretary1ns10:Original2022-03-012023-02-2806484461ns10:Originalns10:RegisteredOffice2022-03-012023-02-2806484461ns10:Original2022-02-2806484461ns10:Originalns5:CurrentFinancialInstruments2023-02-2806484461ns10:Originalns5:CurrentFinancialInstruments2022-02-2806484461ns5:ShareCapitalns10:Original2023-02-2806484461ns5:ShareCapitalns10:Original2022-02-2806484461ns10:Originalns5:CapitalRedemptionReserve2023-02-2806484461ns10:Originalns5:CapitalRedemptionReserve2022-02-2806484461ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-02-2806484461ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-02-2806484461ns10:Originalns5:PlantMachinery2022-03-012023-02-2806484461ns10:Originalns5:FurnitureFittings2022-03-012023-02-2806484461ns10:Originalns5:MotorVehicles2022-03-012023-02-2806484461ns10:Original2021-03-012022-02-2806484461ns10:Originalns5:PlantMachinery2022-02-2806484461ns10:Originalns5:FurnitureFittings2022-02-2806484461ns10:Originalns5:MotorVehicles2022-02-2806484461ns10:Original2022-02-2806484461ns10:Originalns5:PlantMachinery2023-02-2806484461ns10:Originalns5:FurnitureFittings2023-02-2806484461ns10:Originalns5:MotorVehicles2023-02-2806484461ns10:Originalns5:PlantMachinery2022-02-2806484461ns10:Originalns5:FurnitureFittings2022-02-2806484461ns10:Originalns5:MotorVehicles2022-02-2806484461ns10:Originalns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-02-2806484461ns10:Originalns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-02-2806484461ns10:Originalns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-02-2806484461ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-02-2806484461ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-02-28
REGISTERED NUMBER: 06484461 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28TH FEBRUARY 2023

FOR

LEIGH CABLES DISTRIBUTION LIMITED

LEIGH CABLES DISTRIBUTION LIMITED (REGISTERED NUMBER: 06484461)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28TH FEBRUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LEIGH CABLES DISTRIBUTION LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28TH FEBRUARY 2023







DIRECTORS: A Heath
L Heath





SECRETARY: Mrs K Heath





REGISTERED OFFICE: Unit 4 Lea Green Business Park
Eurolink
St Helens
Merseyside
WA9 4TR





REGISTERED NUMBER: 06484461 (England and Wales)





ACCOUNTANTS: Hunter Healey Limited
Abacus House
450 Warrington Road
Culcheth
Warrington
Cheshire
WA3 5QX

LEIGH CABLES DISTRIBUTION LIMITED (REGISTERED NUMBER: 06484461)

BALANCE SHEET
28TH FEBRUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 52,207 68,453

CURRENT ASSETS
Stocks 42,300 37,976
Debtors 5 774,699 686,128
Cash at bank and in hand 289,445 117,898
1,106,444 842,002
CREDITORS
Amounts falling due within one year 6 611,766 563,709
NET CURRENT ASSETS 494,678 278,293
TOTAL ASSETS LESS CURRENT
LIABILITIES

546,885

346,746

CAPITAL AND RESERVES
Called up share capital 164 164
Capital redemption reserve 25 25
Retained earnings 546,696 346,557
546,885 346,746

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

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 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.

LEIGH CABLES DISTRIBUTION LIMITED (REGISTERED NUMBER: 06484461)

BALANCE SHEET - continued
28TH 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25th October 2023 and were signed on its behalf by:





A Heath - Director


LEIGH CABLES DISTRIBUTION LIMITED (REGISTERED NUMBER: 06484461)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28TH FEBRUARY 2023

1. STATUTORY INFORMATION

Leigh Cables Distribution 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% 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 Statement of Income and Retained Earnings, 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.

LEIGH CABLES DISTRIBUTION LIMITED (REGISTERED NUMBER: 06484461)

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

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 11 (2022 - 10 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1st March 2022 29,632 40,592 84,995 155,219
Additions - 563 - 563
At 28th February 2023 29,632 41,155 84,995 155,782
DEPRECIATION
At 1st March 2022 14,185 32,241 40,340 86,766
Charge for year 3,862 1,783 11,164 16,809
At 28th February 2023 18,047 34,024 51,504 103,575
NET BOOK VALUE
At 28th February 2023 11,585 7,131 33,491 52,207
At 28th February 2022 15,447 8,351 44,655 68,453

LEIGH CABLES DISTRIBUTION LIMITED (REGISTERED NUMBER: 06484461)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28TH FEBRUARY 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1st March 2022 23,480
Transfer to ownership (23,480 )
At 28th February 2023 -
DEPRECIATION
At 1st March 2022 8,071
Transfer to ownership (8,071 )
At 28th February 2023 -
NET BOOK VALUE
At 28th February 2023 -
At 28th February 2022 15,409

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 725,329 643,969
Other debtors 49,370 42,159
774,699 686,128

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts - 2,083
Trade creditors 422,878 417,012
Taxation and social security 182,878 94,788
Other creditors 6,010 49,826
611,766 563,709

LEIGH CABLES DISTRIBUTION LIMITED (REGISTERED NUMBER: 06484461)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28TH FEBRUARY 2023

7. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts - 2,083