1 April 2022 false No description of principal activity Taxfiler 2023.15 10706283business:PrivateLimitedCompanyLtd2022-04-012023-03-31 107062832022-03-31 107062832022-04-012023-03-31 10706283business:AuditExempt-NoAccountantsReport2022-04-012023-03-31 10706283business:AbridgedAccounts2022-04-012023-03-31 107062832023-03-31 10706283business:Director12022-04-012023-03-31 10706283business:RegisteredOffice2022-04-012023-03-31 107062832022-03-31 10706283core:WithinOneYear2023-03-31 10706283core:WithinOneYear2022-03-31 10706283core:AfterOneYear2023-03-31 10706283core:AfterOneYear2022-03-31 10706283core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 10706283core:ShareCapitalcore:PreviouslyStatedAmount2022-03-31 10706283core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 10706283core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-03-31 10706283core:PreviouslyStatedAmount2023-03-31 10706283core:PreviouslyStatedAmount2022-03-31 10706283business:SmallEntities2022-04-012023-03-31 10706283countries:EnglandWales2022-04-012023-03-31 10706283core:PlantMachinery2022-04-012023-03-31 10706283core:MotorVehicles2022-04-012023-03-31 10706283core:ComputerEquipment2022-04-012023-03-31 10706283core:AcceleratedTaxDepreciationDeferredTax2023-03-31 10706283core:AcceleratedTaxDepreciationDeferredTax2022-03-31 107062832021-03-31 107062832021-04-012022-03-31 10706283business:OrdinaryShareClass12022-04-012023-03-31 10706283business:OrdinaryShareClass12021-04-012022-03-31 10706283business:OrdinaryShareClass22022-04-012023-03-31 10706283business:OrdinaryShareClass22021-04-012022-03-31 10706283business:AllOrdinaryShares2022-04-012023-03-31 10706283business:AllOrdinaryShares2021-04-012022-03-31 10706283business:Director112022-04-012023-03-31 10706283business:Director112022-03-31 10706283business:Director112023-03-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 10706283 (England and Wales)
L R Blakers Electrical Limited Unaudited accounts for the year ended 31 March 2023
L R Blakers Electrical Limited Unaudited accounts Contents
Page
- 2 -
L R Blakers Electrical Limited Company Information for the year ended 31 March 2023
Director
Lee Russ Blakely
Company Number
10706283 (England and Wales)
Registered Office
255 Queens Road Portsmouth PO2 7LX England
- 3 -
L R Blakers Electrical Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,641 
1,922 
Current assets
Inventories
200 
300 
Debtors
229 
4,322 
Cash at bank and in hand
3,481 
1,522 
3,910 
6,144 
Creditors: amounts falling due within one year
(8,938)
(13,949)
Net current liabilities
(5,028)
(7,805)
Total assets less current liabilities
(3,387)
(5,883)
Creditors: amounts falling due after more than one year
(10,402)
(15,863)
Provisions for liabilities
Deferred tax
(312)
(365)
Net liabilities
(14,101)
(22,111)
Capital and reserves
Called up share capital
200 
200 
Profit and loss account
(14,301)
(22,311)
Shareholders' funds
(14,101)
(22,111)
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 22 February 2024 and were signed on its behalf by
Lee Russ Blakely Director Company Registration No. 10706283
- 4 -
L R Blakers Electrical Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
L R Blakers Electrical Limited is a private company, limited by shares, registered in England and Wales, registration number 10706283. The registered office is 255 Queens Road, Portsmouth, PO2 7LX, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Computer equipment
25% reducing balance
Intangible fixed assets - goodwill
Goodwill is included at cost less accumulated amortisation and is being written off on a straight line basis over its estimated useful life of 5 years.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
- 5 -
L R Blakers Electrical Limited Notes to the Accounts for the year ended 31 March 2023
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
4
Intangible fixed assets
Total 
£ 
Cost
At 1 April 2022
10,000 
At 31 March 2023
10,000 
Amortisation
At 1 April 2022
10,000 
At 31 March 2023
10,000 
Net book value
At 31 March 2023
- 
5
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 April 2022
9,686 
Additions
266 
At 31 March 2023
9,952 
Depreciation
At 1 April 2022
7,764 
Charge for the year
547 
At 31 March 2023
8,311 
Net book value
At 31 March 2023
1,641 
At 31 March 2022
1,922 
- 6 -
L R Blakers Electrical Limited Notes to the Accounts for the year ended 31 March 2023
6
Deferred taxation
2023 
2022 
£ 
£ 
Accelerated capital allowances
312 
365 
2023 
2022 
£ 
£ 
Provision at start of year
365 
440 
Credited to the profit and loss account
(53)
(75)
Provision at end of year
312 
365 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 A Ordinary shares of £1 each
100 
100 
100 B Ordinary shares of £1 each
100 
100 
200 
200 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Lee Russ Blakely
Director's (loan)/current account
8,937 
- 
788 
8,149 
8,937 
- 
788 
8,149 
The director's (loan)/current account is unsecured, interest free and repayable on demand.
9
Average number of employees
During the year the average number of employees was 0 (2022: 1).
- 7 -