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REGISTERED NUMBER: 05869906 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

3L ELECTRICAL LIMITED

3L ELECTRICAL LIMITED (REGISTERED NUMBER: 05869906)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 July 2024




Page

Company information 1

Statement of financial position 2

Notes to the financial statements 4


3L ELECTRICAL LIMITED

COMPANY INFORMATION
For The Year Ended 31 July 2024







Director: M D Button





Secretary: Mrs A J Button





Registered office: Unit 2
32-34 Station Close
Potters Bar
Hertfordshire
EN6 1TL





Business address: Unit A
Horizon Business Centre
Goodwin Road
Edmonton
London
N9 0BJ





Registered number: 05869906 (England and Wales)





Accountants: JOHN ALEXANDER LIMITED
Chartered Certified Accountants &
Statutory Auditor
Unit 2, 32-34 Station Close
Potters Bar
Hertfordshire
EN6 1TL

3L ELECTRICAL LIMITED (REGISTERED NUMBER: 05869906)

STATEMENT OF FINANCIAL POSITION
31 July 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 98,116 126,986

Current assets
Debtors 5 357,487 179,389
Cash at bank 160,555 123,289
518,042 302,678
Creditors
Amounts falling due within one year 6 286,733 209,520
Net current assets 231,309 93,158
Total assets less current liabilities 329,425 220,144

Creditors
Amounts falling due after more than one
year

7

67,171

83,932
Net assets 262,254 136,212

Capital and reserves
Called up share capital 100 100
Retained earnings 262,154 136,112
Shareholders' funds 262,254 136,212

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 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.

3L ELECTRICAL LIMITED (REGISTERED NUMBER: 05869906)

STATEMENT OF FINANCIAL POSITION - continued
31 July 2024


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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 September 2024 and were signed by:





M D Button - Director


3L ELECTRICAL LIMITED (REGISTERED NUMBER: 05869906)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 July 2024

1. Statutory information

3L Electrical 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3L ELECTRICAL LIMITED (REGISTERED NUMBER: 05869906)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 July 2024

2. Accounting policies - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 11 (2023 - 9 ) .

4. Tangible fixed assets
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
Cost
At 1 August 2023 1,396 30,485 235,007 266,888
Additions - - 22,873 22,873
Disposals - - (53,542 ) (53,542 )
At 31 July 2024 1,396 30,485 204,338 236,219
Depreciation
At 1 August 2023 1,396 23,544 114,962 139,902
Charge for year - 1,735 30,303 32,038
Eliminated on disposal - - (33,837 ) (33,837 )
At 31 July 2024 1,396 25,279 111,428 138,103
Net book value
At 31 July 2024 - 5,206 92,910 98,116
At 31 July 2023 - 6,941 120,045 126,986

3L ELECTRICAL LIMITED (REGISTERED NUMBER: 05869906)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 July 2024

4. Tangible fixed assets - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
Cost
At 1 August 2023 235,007
Additions 22,873
At 31 July 2024 257,880
Net book value
At 31 July 2024 257,880
At 31 July 2023 235,007

5. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 357,487 179,389

6. Creditors: amounts falling due within one year
2024 2023
£    £   
Hire purchase contracts 37,768 34,010
Trade creditors 160,068 137,978
Taxation and social security 63,547 12,182
Other creditors 25,350 25,350
286,733 209,520

7. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Hire purchase contracts 67,171 83,932

8. Related party transactions

The company paid rent of £18,000 (2023: £18,000) to the company pension scheme of which the director MD Button is a member.

The controlling party is M D Button.

The ultimate controlling party is M D Button.