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Company Registration No. 2222753 (England and Wales)
Lindop Electrical Limited Unaudited accounts for the year ended 31 March 2023
Lindop Electrical Limited Unaudited accounts Contents
Page
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Lindop Electrical Limited Company Information for the year ended 31 March 2023
Directors
Mr PA Lindop Mrs MA Lindop Mr SA Lindop Mr AP Lindop
Secretary
Mr PA Lindop
Company Number
2222753 (England and Wales)
Registered Office
10 Parkway Trentham Stoke on Trent Staffordshire ST4 8AG
Accountants
Thursfields Accountancy Limited Business Lodge, Trent House 234 Victoria Road Stoke-on-Trent Staffordshire ST4 2LW
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Lindop Electrical Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
47,257 
37,917 
Current assets
Inventories
5,000 
6,000 
Debtors
77,685 
37,400 
Cash at bank and in hand
182,308 
114,731 
264,993 
158,131 
Creditors: amounts falling due within one year
(102,702)
(41,604)
Net current assets
162,291 
116,527 
Total assets less current liabilities
209,548 
154,444 
Provisions for liabilities
Deferred tax
(8,978)
(7,204)
Net assets
200,570 
147,240 
Capital and reserves
Called up share capital
9,673 
9,673 
Profit and loss account
190,897 
137,567 
Shareholders' funds
200,570 
147,240 
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 22 June 2023 and were signed on its behalf by
Mr PA Lindop Director Company Registration No. 2222753
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Lindop Electrical Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Lindop Electrical Limited is a private company, limited by shares, registered in England and Wales, registration number 2222753. The registered office is 10 Parkway , Trentham , Stoke on Trent , Staffordshire , ST4 8AG.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
15 Years Straight Line
Plant & machinery
10% Reducing Balance
Motor vehicles
25% Reducing Balance
Computer equipment
25% Straight Line
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Lindop Electrical Limited Notes to the Accounts for the year ended 31 March 2023
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2022
7,559 
56,235 
1,598 
65,392 
Additions
- 
19,990 
- 
19,990 
Disposals
- 
(12,745)
- 
(12,745)
At 31 March 2023
7,559 
63,480 
1,598 
72,637 
Depreciation
At 1 April 2022
3,976 
23,306 
193 
27,475 
Charge for the year
358 
7,934 
399 
8,691 
On disposals
- 
(10,786)
- 
(10,786)
At 31 March 2023
4,334 
20,454 
592 
25,380 
Net book value
At 31 March 2023
3,225 
43,026 
1,006 
47,257 
At 31 March 2022
3,583 
32,929 
1,405 
37,917 
5
Inventories
2023 
2022 
£ 
£ 
Work in progress
1,500 
4,000 
Finished goods
3,500 
2,000 
5,000 
6,000 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
12,966 
- 
Trade debtors
56,536 
32,811 
Accrued income and prepayments
8,183 
4,584 
Other debtors
- 
5 
77,685 
37,400 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
52,682 
17,076 
Taxes and social security
41,331 
20,390 
Other creditors
6,782 
2,316 
Loans from directors
167 
- 
Accruals
1,740 
1,822 
102,702 
41,604 
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Lindop Electrical Limited Notes to the Accounts for the year ended 31 March 2023
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
9,673 Ordinary shares of £1 each
9,673 
9,673 
9
Average number of employees
During the year the average number of employees was 8 (2022: 7).
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