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REGISTERED NUMBER: 03009345 (England and Wales)
















Financial Statements

for the Year Ended 30 April 2024

for

LDL Lighting Limited

LDL Lighting Limited (Registered number: 03009345)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


LDL Lighting Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: J P Wilkinson
Miss D Wilkinson





REGISTERED OFFICE: Unit 3 Stonehouse Road
Martland Mill Business Park
Wigan
Lancashire
WN5 0LE





REGISTERED NUMBER: 03009345 (England and Wales)





AUDITORS: Roches
1 Manor Court
6 Barnes Wallis Road
Segensworth
Fareham
Hampshire
PO15 5TH

LDL Lighting Limited (Registered number: 03009345)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 402,833 284,888

CURRENT ASSETS
Stocks 747,410 676,300
Debtors 5 2,673,942 2,035,418
Cash at bank and in hand 126,179 323,244
3,547,531 3,034,962
CREDITORS
Amounts falling due within one year 6 1,652,895 1,535,485
NET CURRENT ASSETS 1,894,636 1,499,477
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,297,469

1,784,365

CREDITORS
Amounts falling due after more than one
year

7

(148,820

)

(152,534

)

PROVISIONS FOR LIABILITIES (86,997 ) (55,432 )
NET ASSETS 2,061,652 1,576,399

CAPITAL AND RESERVES
Called up share capital 525 525
Retained earnings 2,061,127 1,575,874
SHAREHOLDERS' FUNDS 2,061,652 1,576,399

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 16 October 2024 and were signed on its behalf by:




Miss D Wilkinson - Director



J P Wilkinson - Director


LDL Lighting Limited (Registered number: 03009345)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

LDL Lighting 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 etc - 25% on reducing balance, 15% on cost and 15% 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.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable and loans to related parties.

Financial assets & financial liabilities are initially recognised at the transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method. However, if the arrangement constitutes a financing transaction then it is measured at the present value of the future receipts discounted at a market rate of interest.

Financial assets & financial liabilities classified as receivable within one year are not amortised.

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.

LDL Lighting Limited (Registered number: 03009345)

Notes to the Financial Statements - continued
for the Year Ended 30 April 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 32 (2023 - 28 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023 534,260
Additions 196,050
At 30 April 2024 730,310
DEPRECIATION
At 1 May 2023 249,372
Charge for year 78,105
At 30 April 2024 327,477
NET BOOK VALUE
At 30 April 2024 402,833
At 30 April 2023 284,888

LDL Lighting Limited (Registered number: 03009345)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 May 2023 119,849
Additions 104,601
At 30 April 2024 224,450
DEPRECIATION
At 1 May 2023 17,403
Charge for year 41,181
At 30 April 2024 58,584
NET BOOK VALUE
At 30 April 2024 165,866
At 30 April 2023 102,446

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 1,436,996 1,318,724
Amounts owed by group undertakings 1,012,021 -
Other debtors 224,925 716,694
2,673,942 2,035,418

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 401,266 477,840
Hire purchase contracts 27,630 11,704
Trade creditors 581,971 587,445
Taxation and social security 610,482 417,862
Other creditors 31,546 40,634
1,652,895 1,535,485

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans - 60,918
Hire purchase contracts 148,820 91,616
148,820 152,534

LDL Lighting Limited (Registered number: 03009345)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

8. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Bank overdrafts 401,266 437,140
Hire purchase contracts 176,450 -
577,716 437,140

The bank overdraft and loans (from Shawbrooks Bank Limited) in both LDL Lighting Limited and it's holding company LDL Lighting Holdings Limited are secured by a fixed and floating charge over the company's assets. As at 30 April 2024LDL Lighting Holdings Limited's outstanding balance on its loan with Shawbrooks amounted to £2,626.153.

A fixed and floating charge is held over all of the company and its holding company's assets assets by the former owners of LDL Lighting Limited in respect of the deferred consideration. As at 30 April 2024 this amounted to £2,936,964

Hire purchase and finance debts are secured on the assets concerned.

A charge is held over the rent deposit by the landlord of the company.

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Richard Roche (Senior Statutory Auditor)
for and on behalf of Roches

10. OTHER FINANCIAL COMMITMENTS

As at the year end, the company had obligations totalling £68,397 (2023 : £165,230) under non-cancellable operating leases.

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2024 and 30 April 2023:

30.4.24 30.4.23
£    £   
M Albiston
Balance outstanding at start of year 494,057 390,175
Amounts advanced - 103,882
Amounts repaid (494,057 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 494,057

12. RELATED PARTY DISCLOSURES

The ultimate parent company os LDL Lighting Holdings Limited whose registered address is Unit 3 Stonehouse Road, Martland Mill Business Park, Wigan, Lancashire, WN5 0LE.

LDL Lighting Limited (Registered number: 03009345)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

13. FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.

In common with many other businesses of our size and nature we use our auditors to provide tax advice and to represent us, as necessary, at tax tribunals.