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REGISTERED NUMBER: 05815106 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023

FOR

LEIGH ELECTRICAL CONTROLS (UK) LIMITED

LEIGH ELECTRICAL CONTROLS (UK) LIMITED (REGISTERED NUMBER: 05815106)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023










Page

Company Information 1

Accountants' Report 2

Statement of Financial Position 3 to 4

Notes to the Financial Statements 5 to 8


LEIGH ELECTRICAL CONTROLS (UK) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTORS: Mrs L G Smith
Miss L Smith
Mr W C Penman
Mr T Soane





SECRETARY: Mrs L G Smith





REGISTERED OFFICE: Unit 17, Earl Howe Road
Chiltern Trading Estate
Holmer Green
High Wycombe
Buckinghamshire
HP15 6QT





REGISTERED NUMBER: 05815106 (England and Wales)





ACCOUNTANTS: Seymour Taylor Limited
First Floor North
40 Oxford Road
High Wycombe
Buckinghamshire
HP11 2EE

ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
LEIGH ELECTRICAL CONTROLS (UK) LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Leigh Electrical Controls (UK) Limited for the year ended 31 May 2023 which comprise the Income Statement, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Leigh Electrical Controls (UK) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Leigh Electrical Controls (UK) Limited and state those matters that we have agreed to state to the Board of Directors of Leigh Electrical Controls (UK) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Leigh Electrical Controls (UK) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Leigh Electrical Controls (UK) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Leigh Electrical Controls (UK) Limited. You consider that Leigh Electrical Controls (UK) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Leigh Electrical Controls (UK) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Seymour Taylor Limited
First Floor North
40 Oxford Road
High Wycombe
Buckinghamshire
HP11 2EE


8 February 2024

LEIGH ELECTRICAL CONTROLS (UK) LIMITED (REGISTERED NUMBER: 05815106)

STATEMENT OF FINANCIAL POSITION
31 MAY 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 83,925 132,998

CURRENT ASSETS
Stocks 33,507 30,425
Debtors 5 285,968 381,026
Cash at bank 17,385 104,338
336,860 515,789
CREDITORS
Amounts falling due within one year 6 278,437 499,613
NET CURRENT ASSETS 58,423 16,176
TOTAL ASSETS LESS CURRENT
LIABILITIES

142,348

149,174

CREDITORS
Amounts falling due after more than one
year

7

(63,482

)

(71,167

)

PROVISIONS FOR LIABILITIES (20,982 ) (40,447 )
NET ASSETS 57,884 37,560

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 57,784 37,460
SHAREHOLDERS' FUNDS 57,884 37,560

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 ELECTRICAL CONTROLS (UK) LIMITED (REGISTERED NUMBER: 05815106)

STATEMENT OF FINANCIAL POSITION - continued
31 MAY 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 February 2024 and were signed on its behalf by:





Miss L Smith - Director


LEIGH ELECTRICAL CONTROLS (UK) LIMITED (REGISTERED NUMBER: 05815106)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023


1. STATUTORY INFORMATION

Leigh Electrical Control (UK) Limited is a private company limited by shares and incorporated in England and Wales. The address of the company's registered office is Unit 17, Earl Howe Road, Holmer Green, High Wycombe, Buckinghamshire, HP15 6QT The registered number is 05815106.

The presentation currency of these financial statements is Sterling (£), being the currency of the primary economic market in which the entity operates (its functional currency). All amounts in these financial statements have been rounded to the nearest pound unless stated otherwise.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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.

Significant judgements and estimates
The preparation of the financial statements requires management to make estimates and assumptions that affect the reported amounts of revenue, expenses, assets and liabilities, and the disclosure of contingent liabilities at the date of the financial statements. If in the future such estimates and assumptions, which are based on the management's best judgment at the date of the financial statements, deviate from the actual circumstances, the original estimates and assumptions will be modified as appropriate in the year in which the circumstances change.

Turnover
Turnover from the sale of goods and services is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be reliably measured, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

This is usually when the goods have been installed.

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 - reducing balance - 25%
Fixtures and fittings - reducing balance - 15%
Motor vehicles - reducing balance - 25%
Computer equipment - reducing balance - 25%

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

LEIGH ELECTRICAL CONTROLS (UK) LIMITED (REGISTERED NUMBER: 05815106)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023


2. ACCOUNTING POLICIES - continued

Financial instruments
The company has applied the provisions of Section 11 "Basic Financial Instruments" and Section 12 "Other Financial Instrument Issues" of FRS 102 to its financial statements.

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Taxation
Tax on the profit or loss for the year comprises current and deferred tax. Tax is recognised in the profit and loss account except to the extent that it relates to items recognised directly in equity or other comprehensive income, in which case it is recognised directly in equity or other comprehensive income.

Current tax is the expected tax payable or receivable on the taxable income or loss for the year, using tax rates enacted or substantively enacted at the balance sheet date, and any adjustment to tax payable in respect of previous years.

Deferred tax is provided on timing differences which arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements. Differences between accumulated depreciation and tax allowances for the cost of a fixed asset, if and when all conditions for retaining the tax allowances have been met, are not provided for. Deferred tax is not recognised on permanent differences arising because certain types of income or expense are non-taxable or are disallowable for tax or because certain tax charges or allowances are greater or smaller than the corresponding income or expense.

Deferred tax is measured at the tax rate that is expected to apply to the reversal of the related difference, using tax rates enacted or substantively enacted at the balance sheet date. Deferred tax balances are not discounted.

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.

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 the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account 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 14 (2022 - 15 ) .

LEIGH ELECTRICAL CONTROLS (UK) LIMITED (REGISTERED NUMBER: 05815106)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 June 2022 12,116 10,895 213,626 46,862 283,499
Additions - 915 - 978 1,893
Disposals - - (31,905 ) - (31,905 )
At 31 May 2023 12,116 11,810 181,721 47,840 253,487
DEPRECIATION
At 1 June 2022 10,830 8,501 96,174 34,996 150,501
Charge for year 321 497 23,506 3,212 27,536
Eliminated on disposal - - (8,475 ) - (8,475 )
At 31 May 2023 11,151 8,998 111,205 38,208 169,562
NET BOOK VALUE
At 31 May 2023 965 2,812 70,516 9,632 83,925
At 31 May 2022 1,286 2,394 117,452 11,866 132,998

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 June 2022 213,626
Disposals (31,905 )
At 31 May 2023 181,721
DEPRECIATION
At 1 June 2022 96,174
Charge for year 23,506
Eliminated on disposal (8,475 )
At 31 May 2023 111,205
NET BOOK VALUE
At 31 May 2023 70,516
At 31 May 2022 117,452

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade debtors 277,095 317,282
Other debtors 8,873 63,744
285,968 381,026

LEIGH ELECTRICAL CONTROLS (UK) LIMITED (REGISTERED NUMBER: 05815106)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Bank loans and overdrafts 10,000 22,876
Hire purchase contracts (see note 8) 30,483 54,070
Trade creditors 107,486 150,067
Taxation and social security 69,923 111,853
Other creditors 60,545 160,747
278,437 499,613

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.23 31.5.22
£    £   
Bank loans 20,834 30,833
Hire purchase contracts (see note 8) - 40,334
Other creditors 42,648 -
63,482 71,167

8. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

31.5.23 31.5.22
£    £   
Net obligations repayable:
Within one year 30,483 54,070
Between one and five years - 40,334
30,483 94,404

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.23 31.5.22
value: £    £   
100 Ordinary £1 100 100

10. RELATED PARTY DISCLOSURES

As at the balance sheet date there was a balance due to the directors in respect of their directors' current account of £42,648 (2022- £5,148 due to the directors).