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REGISTERED NUMBER: 12708592 (England and Wales)












Unaudited Financial Statements

for the Year Ended 30 June 2023

for

London Auto Electrics Ltd

London Auto Electrics Ltd (Registered number: 12708592)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


London Auto Electrics Ltd

Company Information
for the Year Ended 30 June 2023







DIRECTOR: C P Snares





REGISTERED OFFICE: 140 High Road
Orsett
Grays
RM16 3LH





REGISTERED NUMBER: 12708592 (England and Wales)





ACCOUNTANTS: Johal & Company
Chartered Certified Accountants
& Registered Auditors
Spectrum House
2B Suttons Lane
Hornchurch
Essex
RM12 6RJ

London Auto Electrics Ltd (Registered number: 12708592)

Statement of Financial Position
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,697 15,000

CURRENT ASSETS
Debtors 5 15,533 5,220
Cash at bank 46,507 62,790
62,040 68,010
CREDITORS
Amounts falling due within one year 6 18,090 47,411
NET CURRENT ASSETS 43,950 20,599
TOTAL ASSETS LESS CURRENT
LIABILITIES

55,647

35,599

CAPITAL AND RESERVES
Called up share capital 1 100
Retained earnings 55,646 35,499
55,647 35,599

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 11 March 2024 and were signed by:





C P Snares - Director


London Auto Electrics Ltd (Registered number: 12708592)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

London Auto Electrics Ltd 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

Implications of covid-19 on our operations
Management has considered the consequences of COVID-19 and other events and conditions, and it has determined that they do not create a material uncertainty that casts significant doubt upon the entity's ability to continue as a going concern.

3. EMPLOYEES AND DIRECTORS

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

London Auto Electrics Ltd (Registered number: 12708592)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 July 2022 - 20,000 20,000
Additions 499 - 499
At 30 June 2023 499 20,000 20,499
DEPRECIATION
At 1 July 2022 - 5,000 5,000
Charge for year 52 3,750 3,802
At 30 June 2023 52 8,750 8,802
NET BOOK VALUE
At 30 June 2023 447 11,250 11,697
At 30 June 2022 - 15,000 15,000

5. DEBTORS
30.6.23 30.6.22
£    £   
Amounts falling due within one year:
Trade debtors - 1
Other debtors 10,001 -
10,001 1

Amounts falling due after more than one year:
Trade debtors 5,532 5,219

Aggregate amounts 15,533 5,220

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Taxation and social security 17,240 16,995
Other creditors 850 30,416
18,090 47,411