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REGISTERED NUMBER: 02893783 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

T.L.X. (ELECTRICAL) LIMITED

T.L.X. (ELECTRICAL) LIMITED (REGISTERED NUMBER: 02893783)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


T.L.X. (ELECTRICAL) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: S Lever
P Lever





SECRETARY: P Lever





REGISTERED OFFICE: Cheribourne House
45a Station Road
Willington
Bedford
Bedfordshire
MK44 3QL





REGISTERED NUMBER: 02893783 (England and Wales)





ACCOUNTANTS: Baker Noel
Chartered Accountants
Cheribourne House
45a Station Road
Willington
Bedford
Bedfordshire
MK44 3QL

T.L.X. (ELECTRICAL) LIMITED (REGISTERED NUMBER: 02893783)

BALANCE SHEET
31 MAY 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 323,513 341,224

CURRENT ASSETS
Stocks 5,000 106,652
Debtors 5 1,411,348 1,299,835
Cash at bank and in hand 1,998,954 1,280,071
3,415,302 2,686,558
CREDITORS
Amounts falling due within one year 6 2,412,236 1,879,720
NET CURRENT ASSETS 1,003,066 806,838
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,326,579

1,148,062

PROVISIONS FOR LIABILITIES 68,038 71,880
NET ASSETS 1,258,541 1,076,182

CAPITAL AND RESERVES
Called up share capital 100 2
Retained earnings 1,258,441 1,076,180
SHAREHOLDERS' FUNDS 1,258,541 1,076,182

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.

T.L.X. (ELECTRICAL) LIMITED (REGISTERED NUMBER: 02893783)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 October 2024 and were signed on its behalf by:




S Lever - Director



P Lever - Director


T.L.X. (ELECTRICAL) LIMITED (REGISTERED NUMBER: 02893783)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

T.L.X. (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.
Freehold property - 2% on cost
Short leasehold - The period of the lease
Plant and machinery - 20% on cost
Fixtures and fittings - 15% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on 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 Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


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.

T.L.X. (ELECTRICAL) LIMITED (REGISTERED NUMBER: 02893783)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 46 (2023 - 47 ) .

4. TANGIBLE FIXED ASSETS
Freehold Short Plant and
property leasehold machinery
£    £    £   
COST
At 1 June 2023 73,376 5,250 111,252
Additions - - 242
At 31 May 2024 73,376 5,250 111,494
DEPRECIATION
At 1 June 2023 20,549 4,375 34,867
Charge for year 1,468 875 18,506
At 31 May 2024 22,017 5,250 53,373
NET BOOK VALUE
At 31 May 2024 51,359 - 58,121
At 31 May 2023 52,827 875 76,385

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 June 2023 292,900 18,479 23,787 525,044
Additions 60,685 - 1,471 62,398
At 31 May 2024 353,585 18,479 25,258 587,442
DEPRECIATION
At 1 June 2023 106,924 9,240 7,865 183,820
Charge for year 48,646 4,620 5,994 80,109
At 31 May 2024 155,570 13,860 13,859 263,929
NET BOOK VALUE
At 31 May 2024 198,015 4,619 11,399 323,513
At 31 May 2023 185,976 9,239 15,922 341,224

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 233,938 79,437
Other debtors 1,177,410 1,220,398
1,411,348 1,299,835

T.L.X. (ELECTRICAL) LIMITED (REGISTERED NUMBER: 02893783)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR - continued

Other debtors includes £1,140,258 (2023: £1,181,611) owed from an entity under common control of the directors. No interest has been charged on the loan and it is repayable on demand.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors 673,527 560,297
Taxation and social security 901,826 445,466
Other creditors 836,883 873,957
2,412,236 1,879,720

7. LEASING AGREEMENTS
The minimum lease payments falling due for operating leases total £0 (2023 £92,500).