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REGISTERED NUMBER: 09602850 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

LED PANEL STORE LIMITED

LED PANEL STORE LIMITED (REGISTERED NUMBER: 09602850)






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




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 5


LED PANEL STORE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTORS: J D Segal
M D Edgar





REGISTERED OFFICE: F15 The Bloc
38 Springfield Way
Anlaby
Hull
E. Yorks
HU10 6RJ





REGISTERED NUMBER: 09602850 (England and Wales)





ACCOUNTANTS: Majors Limited
F15 The Bloc
38 Springfield Way
Anlaby
Hull
E. Yorks
HU10 6RJ

LED PANEL STORE LIMITED (REGISTERED NUMBER: 09602850)

BALANCE SHEET
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 757,353 769,886

CURRENT ASSETS
Debtors 5 95,442 195,045

CREDITORS
Amounts falling due within one year 6 87,815 105,698
NET CURRENT ASSETS 7,627 89,347
TOTAL ASSETS LESS CURRENT
LIABILITIES

764,980

859,233

CREDITORS
Amounts falling due after more than
one year

7

(425,738

)

(510,778

)

PROVISIONS FOR LIABILITIES (5,222 ) (8,355 )
NET ASSETS 334,020 340,100

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 333,920 340,000
SHAREHOLDERS' FUNDS 334,020 340,100

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.

LED PANEL STORE LIMITED (REGISTERED NUMBER: 09602850)

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 31 July 2024 and were signed on its behalf by:





J D Segal - Director


LED PANEL STORE LIMITED (REGISTERED NUMBER: 09602850)

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

1. STATUTORY INFORMATION

LED Panel Store 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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 November 2022
and 31 October 2023 736,465 62,664 799,129
DEPRECIATION
At 1 November 2022 - 29,243 29,243
Charge for year - 12,533 12,533
At 31 October 2023 - 41,776 41,776
NET BOOK VALUE
At 31 October 2023 736,465 20,888 757,353
At 31 October 2022 736,465 33,421 769,886

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 48,667 193,261
VAT 2,525 1,784
Prepayments and accrued income 44,250 -
95,442 195,045

LED PANEL STORE LIMITED (REGISTERED NUMBER: 09602850)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 71,311 71,311
Trade creditors 7,230 7,050
Tax 7,924 13,337
Accrued expenses 1,350 14,000
87,815 105,698

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 71,311 71,310
Bank loans - 2-5 years 92,820 154,722
Bank loans more 5 yr by instal 261,607 284,746
425,738 510,778

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 261,607 284,746

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 497,049 582,089

the bank loans are secured with a floating charge over all the assets of the company.