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REGISTERED NUMBER: 05110489 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 May 2024

for

LEIGH CABLES COMMERCIAL LIMITED

LEIGH CABLES COMMERCIAL LIMITED (REGISTERED NUMBER: 05110489)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 MAY 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


LEIGH CABLES COMMERCIAL LIMITED (REGISTERED NUMBER: 05110489)

Balance Sheet
31 MAY 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 127,035 158,985
Investments 5 54 54
127,089 159,039

CURRENT ASSETS
Stocks 160,799 410,889
Debtors 6 733,682 775,345
Cash at bank 525,085 178,576
1,419,566 1,364,810
CREDITORS
Amounts falling due within one year 7 450,399 497,406
NET CURRENT ASSETS 969,167 867,404
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,096,256

1,026,443

CREDITORS
Amounts falling due after more than one
year

8

(16,282

)

(27,846

)

PROVISIONS FOR LIABILITIES 10 (14,777 ) (22,460 )
NET ASSETS 1,065,197 976,137

CAPITAL AND RESERVES
Called up share capital 11 2 2
Retained earnings 1,065,195 976,135
SHAREHOLDERS' FUNDS 1,065,197 976,137

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

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

LEIGH CABLES COMMERCIAL LIMITED (REGISTERED NUMBER: 05110489)

Balance Sheet - continued
31 MAY 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 Board of Directors and authorised for issue on 18 September 2024 and were signed on its behalf by:





H L Lowde - Director


LEIGH CABLES COMMERCIAL LIMITED (REGISTERED NUMBER: 05110489)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

Leigh Cables Commercial Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 05110489

Registered office: Unit 12 Brook Mill
High Street
Leigh
Lancashire
WN7 2AD

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 - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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 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 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.

LEIGH CABLES COMMERCIAL LIMITED (REGISTERED NUMBER: 05110489)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MAY 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.

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 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 June 2023 189,672 24,680 40,978 255,330
Additions 8,002 - - 8,002
Disposals - - (14,483 ) (14,483 )
At 31 May 2024 197,674 24,680 26,495 248,849
DEPRECIATION
At 1 June 2023 57,304 18,918 20,123 96,345
Charge for year 35,093 1,152 1,559 37,804
Eliminated on disposal - - (12,335 ) (12,335 )
At 31 May 2024 92,397 20,070 9,347 121,814
NET BOOK VALUE
At 31 May 2024 105,277 4,610 17,148 127,035
At 31 May 2023 132,368 5,762 20,855 158,985

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 June 2023
and 31 May 2024 26,495
DEPRECIATION
At 1 June 2023 7,788
Charge for year 1,559
At 31 May 2024 9,347
NET BOOK VALUE
At 31 May 2024 17,148
At 31 May 2023 18,707

LEIGH CABLES COMMERCIAL LIMITED (REGISTERED NUMBER: 05110489)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MAY 2024

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 June 2023
and 31 May 2024 54
NET BOOK VALUE
At 31 May 2024 54
At 31 May 2023 54

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 342,033 672,621
Other debtors 391,649 102,724
733,682 775,345

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 3,463 3,463
Trade creditors 226,267 393,170
Taxation and social security 143,336 23,422
Other creditors 67,333 67,351
450,399 497,406

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans 11,600 20,000
Hire purchase contracts 4,682 7,846
16,282 27,846

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 20,000

9. SECURED DEBTS

The following secured debts are included within creditors:

31.5.24 31.5.23
£    £   
Hire purchase contracts 8,145 11,309

10. PROVISIONS FOR LIABILITIES
31.5.24 31.5.23
£    £   
Deferred tax 14,777 22,460

LEIGH CABLES COMMERCIAL LIMITED (REGISTERED NUMBER: 05110489)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MAY 2024

10. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 June 2023 22,460
Utilised during year (7,683 )
Balance at 31 May 2024 14,777

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
1 Ordinary A £1 1 1
1 Ordinary B £1 1 1
2 2