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REGISTERED NUMBER: 04559428 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

JOHN LEYBOURNE & SON ELECTRICAL
CONTRACTORS LIMITED

JOHN LEYBOURNE & SON ELECTRICAL
CONTRACTORS LIMITED (REGISTERED NUMBER: 04559428)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 OCTOBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JOHN LEYBOURNE & SON ELECTRICAL
CONTRACTORS LIMITED

COMPANY INFORMATION
for the Year Ended 31 OCTOBER 2023







DIRECTORS: Mr P W Leybourne
Mrs S Leybourne





SECRETARY: Mrs S Leybourne





REGISTERED OFFICE: 327, Clifton Drive South
Lytham St. Annes
Lancashire
FY8 1HN





REGISTERED NUMBER: 04559428 (England and Wales)





ACCOUNTANTS: Whitehead & Howarth
327 Clifton Drive South
Lytham St Annes
Lancashire
FY8 1HN

JOHN LEYBOURNE & SON ELECTRICAL
CONTRACTORS LIMITED (REGISTERED NUMBER: 04559428)

BALANCE SHEET
31 OCTOBER 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 21,344 28,259
21,344 28,259

CURRENT ASSETS
Stocks 1,000 1,000
Debtors 6 7,133 3,694
Cash at bank 26,417 25,559
34,550 30,253
CREDITORS
Amounts falling due within one year 7 29,109 13,402
NET CURRENT ASSETS 5,441 16,851
TOTAL ASSETS LESS CURRENT
LIABILITIES

26,785

45,110

CREDITORS
Amounts falling due after more than one
year

8

23,066

28,568
NET ASSETS 3,719 16,542

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 3,717 16,540
SHAREHOLDERS' FUNDS 3,719 16,542

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

JOHN LEYBOURNE & SON ELECTRICAL
CONTRACTORS LIMITED (REGISTERED NUMBER: 04559428)

BALANCE SHEET - continued
31 OCTOBER 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 5 March 2024 and were signed on its behalf by:





Mr P W Leybourne - Director


JOHN LEYBOURNE & SON ELECTRICAL
CONTRACTORS LIMITED (REGISTERED NUMBER: 04559428)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 OCTOBER 2023

1. STATUTORY INFORMATION

John Leybourne & Son Electrical Contractors 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 comprises the value of work done and materials supplied in the year under review and is stated net of Value Added Tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over its estimated useful life of four years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 25% on reducing balance

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

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 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.

JOHN LEYBOURNE & SON ELECTRICAL
CONTRACTORS LIMITED (REGISTERED NUMBER: 04559428)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 OCTOBER 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2022
and 31 October 2023 2,000
AMORTISATION
At 1 November 2022
and 31 October 2023 2,000
NET BOOK VALUE
At 31 October 2023 -
At 31 October 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 November 2022 32,248
Additions 200
At 31 October 2023 32,448
DEPRECIATION
At 1 November 2022 3,989
Charge for year 7,115
At 31 October 2023 11,104
NET BOOK VALUE
At 31 October 2023 21,344
At 31 October 2022 28,259

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 7,133 2,274
Other debtors - 1,420
7,133 3,694

JOHN LEYBOURNE & SON ELECTRICAL
CONTRACTORS LIMITED (REGISTERED NUMBER: 04559428)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 OCTOBER 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts 3,000 3,000
Finance leases 2,502 2,251
Trade creditors 2,923 1,687
Taxation and social security 6,175 5,764
Other creditors 14,509 700
29,109 13,402

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.23 31.10.22
£    £   
Bank loans 6,750 9,750
Finance leases 16,316 18,818
23,066 28,568

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2023 and 31 October 2022:

31.10.23 31.10.22
£    £   
Mr P W Leybourne
Balance outstanding at start of year 1,420 11,501
Amounts advanced - 1,420
Amounts repaid (1,420 ) (11,501 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 1,420

10. RELATED PARTY DISCLOSURES

Control

The company is controlled by Mr. P. W. Leybourne, a director.

Transactions

The company paid total dividends of £32,000 in the year under review (2022: £28,000). Of these dividends, amounts of £16,000 were paid to Mr. P. W. Leybourne, a director (2022: £14,000) and £16,000 were paid to Mrs.S Leybourne, a director (2022: £14,000).