IRIS Accounts Production v24.1.0.578 08103774 Board of Directors 1.2.23 31.1.24 31.1.24 30.10.2024 false true false false true false Auditors Opinion iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh081037742023-01-31081037742024-01-31081037742023-02-012024-01-31081037742022-01-31081037742022-02-012023-01-31081037742023-01-3108103774ns15:EnglandWales2023-02-012024-01-3108103774ns14:PoundSterling2023-02-012024-01-3108103774ns10:Director12023-02-012024-01-3108103774ns10:PrivateLimitedCompanyLtd2023-02-012024-01-3108103774ns10:SmallEntities2023-02-012024-01-3108103774ns10:Audited2023-02-012024-01-3108103774ns10:SmallCompaniesRegimeForDirectorsReport2023-02-012024-01-3108103774ns10:SmallCompaniesRegimeForAccounts2023-02-012024-01-3108103774ns10:FullAccounts2023-02-012024-01-3108103774ns10:Director22023-02-012024-01-3108103774ns10:Director32023-02-012024-01-3108103774ns10:RegisteredOffice2023-02-012024-01-3108103774ns5:CurrentFinancialInstruments2024-01-3108103774ns5:CurrentFinancialInstruments2023-01-3108103774ns5:ShareCapital2024-01-3108103774ns5:ShareCapital2023-01-3108103774ns5:RetainedEarningsAccumulatedLosses2024-01-3108103774ns5:RetainedEarningsAccumulatedLosses2023-01-3108103774ns5:FurnitureFittings2023-02-012024-01-3108103774ns5:FurnitureFittings2023-01-3108103774ns5:FurnitureFittings2024-01-3108103774ns5:FurnitureFittings2023-01-3108103774ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-01-3108103774ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-01-3108103774ns5:DeferredTaxation2023-01-3108103774ns5:DeferredTaxation2023-02-012024-01-3108103774ns5:DeferredTaxation2024-01-3108103774ns10:Director332023-01-3108103774ns10:Director332022-01-3108103774ns10:Director332023-02-012024-01-3108103774ns10:Director332022-02-012023-01-3108103774ns10:Director332024-01-3108103774ns10:Director332023-01-31
REGISTERED NUMBER: 08103774 (England and Wales)












FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

LMB ELECTRICAL SERVICES LIMITED

LMB ELECTRICAL SERVICES LIMITED (REGISTERED NUMBER: 08103774)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


LMB ELECTRICAL SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: A J Bean
S Mortimer
P R Long





REGISTERED OFFICE: The Old School House
2 School Street
Cleckheaton
West Yorkshire
BD19 6AF





REGISTERED NUMBER: 08103774 (England and Wales)





AUDITORS: Bohorun & Co Limited
6 Howley Park Business Village
Pullan Way
Morley
Leeds
West Yorkshire
LS27 0BZ

LMB ELECTRICAL SERVICES LIMITED (REGISTERED NUMBER: 08103774)

BALANCE SHEET
31 JANUARY 2024

2024 2023
(Unaudited)
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 28,535 35,668

CURRENT ASSETS
Stocks 5 356,093 289,101
Debtors 6 1,683,440 724,670
Cash at bank and in hand 49,202 203,204
2,088,735 1,216,975
CREDITORS
Amounts falling due within one year 7 1,908,677 1,395,941
NET CURRENT ASSETS/(LIABILITIES) 180,058 (178,966 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

208,593

(143,298

)

PROVISIONS FOR LIABILITIES 8 7,134 6,777
NET ASSETS/(LIABILITIES) 201,459 (150,075 )

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 201,456 (150,078 )
201,459 (150,075 )

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 30 October 2024 and were signed on its behalf by:





S Mortimer - Director


LMB ELECTRICAL SERVICES LIMITED (REGISTERED NUMBER: 08103774)

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

1. STATUTORY INFORMATION

LMB Electrical Services 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.
Fixtures and fittings - 20% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 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.

Hire purchase and leasing commitments
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 - 12 ) .

LMB ELECTRICAL SERVICES LIMITED (REGISTERED NUMBER: 08103774)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 February 2023
and 31 January 2024 38,753
DEPRECIATION
At 1 February 2023 3,085
Charge for year 7,133
At 31 January 2024 10,218
NET BOOK VALUE
At 31 January 2024 28,535
At 31 January 2023 35,668

5. STOCKS
2024 2023
(Unaudited)
£    £   
Work-in-progress 356,093 289,101

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
(Unaudited)
£    £   
Trade debtors 1,310,569 597,126
Other debtors 168,449 -
Directors' current accounts 174,935 77,817
VAT 23,094 49,727
Prepayments 6,393 -
1,683,440 724,670

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
(Unaudited)
£    £   
Trade creditors 678,431 388,921
Tax 61,055 -
Social security and other taxes 16,517 11,116
Other creditors 1,121,504 993,764
Accrued expenses 31,170 2,140
1,908,677 1,395,941

LMB ELECTRICAL SERVICES LIMITED (REGISTERED NUMBER: 08103774)

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

8. PROVISIONS FOR LIABILITIES
2024 2023
(Unaudited)
£    £   
Deferred tax 7,134 6,777

Deferred
tax
£   
Balance at 1 February 2023 6,777
Provided during year 357
Balance at 31 January 2024 7,134

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

The Report of the Auditors was unqualified.

Divya Prakash Bohorun (Senior Statutory Auditor)
for and on behalf of Bohorun & Co Limited

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2024 and 31 January 2023:

2024 2023
(Unaudited)
£    £   
P R Long
Balance outstanding at start of year 77,817 65,502
Amounts advanced 97,118 78,315
Amounts repaid - (66,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 174,935 77,817

11. RELATED PARTY DISCLOSURES

During the accounting year the company was in receipt of funds from associated companies with the two common directors on interest free terms to the value of £1,120,039. These amounts are unsecured and there is no fixed term for repayment.

Included within trade debtors is an amount owed by an associated company with two common directors of £1,299,372. These transactions were conducted on normal credit terms.

Included within trade creditors is an amount owed to an associated company with two common directors of £207,235. These transactions were conducted on normal credit terms.

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party of the company are the directors of the company, namely Mr Andrew Bean, Mr Stephen Mortimer and Mr Peter Long who hold 100% of the issued share capital