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REGISTERED NUMBER: 03912915 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

LONDON ELECTRONIC LIMITED

LONDON ELECTRONIC LIMITED (Registered number: 03912915)






Contents of the Financial Statements
for the Year Ended 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LONDON ELECTRONIC LIMITED

Company Information
for the Year Ended 31 DECEMBER 2023







DIRECTOR: R S Jagpal





SECRETARY: B M Jagpal





REGISTERED OFFICE: Suite 2C, Brosnan House
175 Darkes Lane
Potters Bar
Hertfordshire
EN6 1BW





REGISTERED NUMBER: 03912915 (England and Wales)





ACCOUNTANTS: The Greene Partnership LLP
Chartered Accountants
Suite 2C, Brosnan House
175 Darkes Lane
Potters Bar
Hertfordshire
EN6 1BW

LONDON ELECTRONIC LIMITED (Registered number: 03912915)

Balance Sheet
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,502 10,706

CURRENT ASSETS
Stocks 9,750 14,345
Debtors 5 3,367 3,340
Cash at bank 91,831 93,137
104,948 110,822
CREDITORS
Amounts falling due within one year 6 9,668 37,089
NET CURRENT ASSETS 95,280 73,733
TOTAL ASSETS LESS CURRENT
LIABILITIES

103,782

84,439

CREDITORS
Amounts falling due after more than one year 7 (6,788 ) (6,788 )

PROVISIONS FOR LIABILITIES 8 (1,615 ) (2,034 )
NET ASSETS 95,379 75,617

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 95,377 75,615
SHAREHOLDERS' FUNDS 95,379 75,617

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

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

LONDON ELECTRONIC LIMITED (Registered number: 03912915)

Balance Sheet - continued
31 DECEMBER 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 director and authorised for issue on 16 August 2024 and were signed by:





R S Jagpal - Director


LONDON ELECTRONIC LIMITED (Registered number: 03912915)

Notes to the Financial Statements
for the Year Ended 31 DECEMBER 2023

1. STATUTORY INFORMATION

LONDON ELECTRONIC 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 represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures, fittings & equipment - 25% on reducing balance
Computer equipment - 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

LONDON ELECTRONIC LIMITED (Registered number: 03912915)

Notes to the Financial Statements - continued
for the Year Ended 31 DECEMBER 2023

4. TANGIBLE FIXED ASSETS
Fixtures,
fittings Computer
& equipment equipment Totals
£    £    £   
COST
At 1 January 2023 26,261 8,844 35,105
Additions 233 398 631
At 31 December 2023 26,494 9,242 35,736
DEPRECIATION
At 1 January 2023 17,654 6,745 24,399
Charge for year 2,210 625 2,835
At 31 December 2023 19,864 7,370 27,234
NET BOOK VALUE
At 31 December 2023 6,630 1,872 8,502
At 31 December 2022 8,607 2,099 10,706

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 135 -
Other debtors 2,527 2,527
VAT 297 813
Prepayments 408 -
3,367 3,340

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors & accruals 3,222 12,063
Tax 6,439 327
Directors' current accounts 7 24,699
9,668 37,089

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.23 31.12.22
£    £   
Sundry loan 6,788 6,788

LONDON ELECTRONIC LIMITED (Registered number: 03912915)

Notes to the Financial Statements - continued
for the Year Ended 31 DECEMBER 2023

8. PROVISIONS FOR LIABILITIES
31.12.23 31.12.22
£    £   
Deferred tax
Accelerated capital allowances 1,615 2,034

Deferred
tax
£   
Balance at 1 January 2023 2,034
Provided during year (419 )
Balance at 31 December 2023 1,615

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
2 Ordinary £1 2 2

10. ULTIMATE CONTROLLING PARTY

The controlling party is R S Jagpal.