2022-03-012023-02-282023-02-28false10013222L. B. ELECTRICAL SERVICES LIMITED2023-10-2643210iso4217:GBPxbrli:pure100132222022-03-01100132222023-02-28100132222022-03-012023-02-28100132222021-03-01100132222022-02-28100132222021-03-012022-02-2810013222bus:SmallEntities2022-03-012023-02-2810013222bus:AuditExempt-NoAccountantsReport2022-03-012023-02-2810013222bus:FullAccounts2022-03-012023-02-2810013222bus:PrivateLimitedCompanyLtd2022-03-012023-02-2810013222core:WithinOneYear2023-02-2810013222core:AfterOneYear2023-02-2810013222core:WithinOneYear2022-02-2810013222core:AfterOneYear2022-02-2810013222core:ShareCapital2023-02-2810013222core:SharePremium2023-02-2810013222core:RevaluationReserve2023-02-2810013222core:OtherReservesSubtotal2023-02-2810013222core:RetainedEarningsAccumulatedLosses2023-02-2810013222core:ShareCapital2022-02-2810013222core:SharePremium2022-02-2810013222core:RevaluationReserve2022-02-2810013222core:OtherReservesSubtotal2022-02-2810013222core:RetainedEarningsAccumulatedLosses2022-02-2810013222core:LandBuildings2023-02-2810013222core:PlantMachinery2023-02-2810013222core:Vehicles2023-02-2810013222core:FurnitureFittings2023-02-2810013222core:OfficeEquipment2023-02-2810013222core:NetGoodwill2023-02-2810013222core:IntangibleAssetsOtherThanGoodwill2023-02-2810013222core:ListedExchangeTraded2023-02-2810013222core:UnlistedNon-exchangeTraded2023-02-2810013222core:LandBuildings2022-02-2810013222core:PlantMachinery2022-02-2810013222core:Vehicles2022-02-2810013222core:FurnitureFittings2022-02-2810013222core:OfficeEquipment2022-02-2810013222core:NetGoodwill2022-02-2810013222core:IntangibleAssetsOtherThanGoodwill2022-02-2810013222core:ListedExchangeTraded2022-02-2810013222core:UnlistedNon-exchangeTraded2022-02-2810013222core:LandBuildings2022-03-012023-02-2810013222core:PlantMachinery2022-03-012023-02-2810013222core:Vehicles2022-03-012023-02-2810013222core:FurnitureFittings2022-03-012023-02-2810013222core:OfficeEquipment2022-03-012023-02-2810013222core:NetGoodwill2022-03-012023-02-2810013222core:IntangibleAssetsOtherThanGoodwill2022-03-012023-02-2810013222core:ListedExchangeTraded2022-03-012023-02-2810013222core:UnlistedNon-exchangeTraded2022-03-012023-02-2810013222core:MoreThanFiveYears2022-03-012023-02-2810013222core:Non-currentFinancialInstruments2023-02-2810013222core:Non-currentFinancialInstruments2022-02-2810013222dpl:CostSales2022-03-012023-02-2810013222dpl:DistributionCosts2022-03-012023-02-2810013222core:LandBuildings2022-03-012023-02-2810013222core:PlantMachinery2022-03-012023-02-2810013222core:Vehicles2022-03-012023-02-2810013222core:FurnitureFittings2022-03-012023-02-2810013222core:OfficeEquipment2022-03-012023-02-2810013222dpl:AdministrativeExpenses2022-03-012023-02-2810013222core:NetGoodwill2022-03-012023-02-2810013222core:IntangibleAssetsOtherThanGoodwill2022-03-012023-02-2810013222dpl:GroupUndertakings2022-03-012023-02-2810013222dpl:ParticipatingInterests2022-03-012023-02-2810013222dpl:GroupUndertakingscore:ListedExchangeTraded2022-03-012023-02-2810013222core:ListedExchangeTraded2022-03-012023-02-2810013222dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-03-012023-02-2810013222core:UnlistedNon-exchangeTraded2022-03-012023-02-2810013222dpl:CostSales2021-03-012022-02-2810013222dpl:DistributionCosts2021-03-012022-02-2810013222core:LandBuildings2021-03-012022-02-2810013222core:PlantMachinery2021-03-012022-02-2810013222core:Vehicles2021-03-012022-02-2810013222core:FurnitureFittings2021-03-012022-02-2810013222core:OfficeEquipment2021-03-012022-02-2810013222dpl:AdministrativeExpenses2021-03-012022-02-2810013222core:NetGoodwill2021-03-012022-02-2810013222core:IntangibleAssetsOtherThanGoodwill2021-03-012022-02-2810013222dpl:GroupUndertakings2021-03-012022-02-2810013222dpl:ParticipatingInterests2021-03-012022-02-2810013222dpl:GroupUndertakingscore:ListedExchangeTraded2021-03-012022-02-2810013222core:ListedExchangeTraded2021-03-012022-02-2810013222dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-03-012022-02-2810013222core:UnlistedNon-exchangeTraded2021-03-012022-02-2810013222core:NetGoodwill2023-02-2810013222core:IntangibleAssetsOtherThanGoodwill2023-02-2810013222core:LandBuildings2023-02-2810013222core:PlantMachinery2023-02-2810013222core:Vehicles2023-02-2810013222core:FurnitureFittings2023-02-2810013222core:OfficeEquipment2023-02-2810013222core:AfterOneYear2023-02-2810013222core:WithinOneYear2023-02-2810013222core:ListedExchangeTraded2023-02-2810013222core:UnlistedNon-exchangeTraded2023-02-2810013222core:ShareCapital2023-02-2810013222core:SharePremium2023-02-2810013222core:RevaluationReserve2023-02-2810013222core:OtherReservesSubtotal2023-02-2810013222core:RetainedEarningsAccumulatedLosses2023-02-2810013222core:NetGoodwill2022-02-2810013222core:IntangibleAssetsOtherThanGoodwill2022-02-2810013222core:LandBuildings2022-02-2810013222core:PlantMachinery2022-02-2810013222core:Vehicles2022-02-2810013222core:FurnitureFittings2022-02-2810013222core:OfficeEquipment2022-02-2810013222core:AfterOneYear2022-02-2810013222core:WithinOneYear2022-02-2810013222core:Liste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L. B. ELECTRICAL SERVICES LIMITED

Registered Number
10013222
(England and Wales)

Unaudited Financial Statements for the Year ended
28 February 2023

L. B. ELECTRICAL SERVICES LIMITED
Company Information
for the year from 1 March 2022 to 28 February 2023

Director

BATES, Lee

Registered Address

3 Church Lane
Headley
Epsom
KT18 6LP

Registered Number

10013222 (England and Wales)
L. B. ELECTRICAL SERVICES LIMITED
Statement of Financial Position
28 February 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets540,8169,078
40,8169,078
Current assets
Debtors773,46956,380
Cash at bank and on hand24,7262,157
98,19558,537
Creditors amounts falling due within one year8(40,087)(28,269)
Net current assets (liabilities)58,10830,268
Total assets less current liabilities98,92439,346
Creditors amounts falling due after one year9(53,449)(38,499)
Provisions for liabilities11(7,755)-
Net assets37,720847
Capital and reserves
Called up share capital1001
Profit and loss account37,620846
Shareholders' funds37,720847
The financial statements were approved and authorised for issue by the Director on 26 October 2023, and are signed on its behalf by:
BATES, Lee
Director
Registered Company No. 10013222
L. B. ELECTRICAL SERVICES LIMITED
Notes to the Financial Statements
for the year ended 28 February 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Accounting policies
Turnover policy
Turnover represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due.
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Vehicles25
Office Equipment25
Taxation policy
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax policy
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Leases policy
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
4.Employee information

20232022
Average number of employees during the year21
5.Property, plant and equipment

Vehicles

Office Equipment

Total

£££
Cost or valuation
At 01 March 2223,503-23,503
Additions53,49093154,421
Disposals(23,503)-(23,503)
At 28 February 2353,49093154,421
Depreciation and impairment
At 01 March 2214,425-14,425
Charge for year13,37223313,605
On disposals(14,425)-(14,425)
At 28 February 2313,37223313,605
Net book value
At 28 February 2340,11869840,816
At 28 February 229,078-9,078
6.Directors advances, credits and guarantees

Brought forward

Amount advanced

Amount repaid

Carried forward

££££
BATES, Lee12,990012,9900
12,990012,9900
7.Debtors

2023

2022

££
Trade debtors / trade receivables40,31510,653
Other debtors33,15445,727
Total73,46956,380
8.Creditors within one year

2023

2022

££
Trade creditors / trade payables9,09010,593
Bank borrowings and overdrafts4,9174,795
Taxation and social security20,37410,003
Finance lease and HP contracts3,624-
Other creditors39-
Accrued liabilities and deferred income2,0432,878
Total40,08728,269
9.Creditors after one year

2023

2022

££
Bank borrowings and overdrafts33,58238,499
Other creditors19,867-
Total53,44938,499
10.Finance lease and HP contracts after one year

2023

2022

££
Finance lease and HP contracts19,867-
11.Provisions for liabilities

2023

2022

££
Net deferred tax liability (asset)7,755-
Total7,755-