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REGISTERED NUMBER: 09658145 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 JUNE 2023

FOR

LSD ELECTRICAL LIMITED

LSD ELECTRICAL LIMITED (REGISTERED NUMBER: 09658145)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 JUNE 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LSD ELECTRICAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 JUNE 2023







DIRECTORS: T Barber
Mrs L A Barber





REGISTERED OFFICE: 38 Doncaster Road
Barnsley
South Yorkshire
S70 1TL





REGISTERED NUMBER: 09658145 (England and Wales)





ACCOUNTANTS: Seaman Herbert & Co
36 - 40 Doncaster Road
Barnsley
South Yorkshire
S70 1TL

LSD ELECTRICAL LIMITED (REGISTERED NUMBER: 09658145)

BALANCE SHEET
29 JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,194 1,593

CURRENT ASSETS
Debtors 5 9,943 12,862
Cash at bank 8 54
9,951 12,916
CREDITORS
Amounts falling due within one year 6 5,653 5,095
NET CURRENT ASSETS 4,298 7,821
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,492

9,414

CREDITORS
Amounts falling due after more than one
year

7

(6,855

)

(7,905

)

PROVISIONS FOR LIABILITIES 8 (405 ) (56 )
NET ASSETS 232 1,453

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 231 1,452
SHAREHOLDERS' FUNDS 232 1,453

LSD ELECTRICAL LIMITED (REGISTERED NUMBER: 09658145)

BALANCE SHEET - continued
29 JUNE 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 June 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.

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 Profit & Loss Account and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 March 2024 and were signed on its behalf by:





T Barber - Director


LSD ELECTRICAL LIMITED (REGISTERED NUMBER: 09658145)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 JUNE 2023

1. STATUTORY INFORMATION

LSD Electrical 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.
Plant and machinery - 20% on reducing balance
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

LSD ELECTRICAL LIMITED (REGISTERED NUMBER: 09658145)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 JUNE 2023

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 30 June 2022 900 3,500 1,950 6,350
Additions - - 2,500 2,500
At 29 June 2023 900 3,500 4,450 8,850
DEPRECIATION
At 30 June 2022 454 2,353 1,950 4,757
Charge for year 45 229 625 899
At 29 June 2023 499 2,582 2,575 5,656
NET BOOK VALUE
At 29 June 2023 401 918 1,875 3,194
At 29 June 2022 446 1,147 - 1,593

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 8,809 12,862
Directors' current accounts 1,134 -
9,943 12,862

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 1,055 1,028
Trade creditors - 950
Tax 2,776 2,019
Directors' current accounts - 272
Accrued expenses 1,822 826
5,653 5,095

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 1,081 1,055
Bank loans - 2-5 years 3,412 3,327
Bank loans more 5 yr by instal 2,362 3,523
6,855 7,905

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 2,362 3,523

LSD ELECTRICAL LIMITED (REGISTERED NUMBER: 09658145)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 JUNE 2023

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 405 56

Deferred
tax
£   
Balance at 30 June 2022 56
Provided during year 349
Balance at 29 June 2023 405

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 ordinary £1 1 1

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 29 June 2023 and 29 June 2022:

2023 2022
£    £   
T Barber
Balance outstanding at start of year - 7,363
Amounts advanced 1,134 -
Amounts repaid - (7,363 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,134 -