Registered number
08956339
LED Stop and Go Ltd
Filleted Accounts
31 March 2024
LED Stop and Go Ltd
Registered number: 08956339
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 143,115 5,096
Current assets
Debtors 4 42,737 6,657
Cash at bank and in hand 21,929 34,509
64,666 41,166
Creditors: amounts falling due within one year 5 (64,812) (26,819)
Net current (liabilities)/assets (146) 14,347
Total assets less current liabilities 142,969 19,443
Creditors: amounts falling due after more than one year 6 (96,715) -
Provisions for liabilities (13,097) (968)
Net assets 33,157 18,475
Capital and reserves
Called up share capital 7 7
Profit and loss account 33,150 18,468
Shareholder's funds 33,157 18,475
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr C Davies
Director
Approved by the board on 5 September 2024
LED Stop and Go Ltd
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 4
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2023 10,448 - 10,448
Additions 22,720 129,137 151,857
Disposals (3,332) - (3,332)
At 31 March 2024 29,836 129,137 158,973
Depreciation
At 1 April 2023 5,352 - 5,352
Charge for the year 1,488 9,518 11,006
On disposals (500) - (500)
At 31 March 2024 6,340 9,518 15,858
Net book value
At 31 March 2024 23,496 119,619 143,115
At 31 March 2023 5,096 - 5,096
4 Debtors 2024 2023
£ £
Trade debtors 42,737 6,657
5 Creditors: amounts falling due within one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 29,415 -
Trade creditors 524 1,972
Taxation and social security costs 7,543 24,573
Other creditors 27,330 274
64,812 26,819
6 Creditors: amounts falling due after one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 96,715 -
7 Other information
LED Stop and Go Ltd is a private company limited by shares and incorporated in England. Its registered office is:
2 Binfield Cottages
Mill Lane
Newport
Isle of Wight
PO30 2LA
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