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Registration number: 14226754

Lectron Electrical Ltd

Unaudited Financial Statements

for the Period from 11 July 2022 to 31 October 2023

 

Lectron Electrical Ltd

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 5

 

Lectron Electrical Ltd

(Registration number: 14226754)
Balance Sheet as at 31 October 2023

Note

2023
£

Fixed assets

 

Tangible assets

4

7,824

Current assets

 

Debtors

5

1,624

Cash at bank and in hand

 

11

 

1,635

Creditors: Amounts falling due within one year

6

(11,312)

Net current liabilities

 

(9,677)

Total assets less current liabilities

 

(1,853)

Provisions for liabilities

(1,487)

Net liabilities

 

(3,340)

Capital and reserves

 

Called up share capital

100

Retained earnings

(3,440)

Shareholders' deficit

 

(3,340)

For the financial period ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

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

The director acknowledges his 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 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 1 March 2024
 

 

Lectron Electrical Ltd

(Registration number: 14226754)
Balance Sheet as at 31 October 2023

.........................................
Mr J West
Director

 

Lectron Electrical Ltd

Notes to the Unaudited Financial Statements for the Period from 11 July 2022 to 31 October 2023

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:
8 Roebuck Drive
Baldwins Gate
Newcastle Under Lyme
Staffordshire
ST5 5FE
England

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.

Going concern

The financial statements have been prepared on a going concern basis. The company meets its day to day working capital requirements through funds provided by the directors. The directors consider that these facilities will continue to be made available to the company. On this basis, the directors consider it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments which would result if the going concern basis were not appropriate.

Judgements

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where revision affects only that period, or in the period of revision and future periods where the revision affects both current and future periods.

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.

 

Lectron Electrical Ltd

Notes to the Unaudited Financial Statements for the Period from 11 July 2022 to 31 October 2023

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 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.

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 balance sheet 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

Computer Equipment

33% SL

Plant & Machinery

10% SL

Motor Vehicles

25% RB

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1.

 

Lectron Electrical Ltd

Notes to the Unaudited Financial Statements for the Period from 11 July 2022 to 31 October 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Plant and machinery
£

Total
£

Cost or valuation

Additions

1,311

6,743

2,770

10,824

At 31 October 2023

1,311

6,743

2,770

10,824

Depreciation

Charge for the period

546

2,108

346

3,000

At 31 October 2023

546

2,108

346

3,000

Carrying amount

At 31 October 2023

765

4,635

2,424

7,824

5

Debtors

Current

2023
£

Other debtors

1,624

6

Creditors

Creditors: amounts falling due within one year

2023
£

Due within one year

Accruals and deferred income

1,108

Other creditors

10,204

11,312