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REGISTERED NUMBER: 10400039 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

LINLEIGH ELECTRICAL LIMITED

LINLEIGH ELECTRICAL LIMITED (REGISTERED NUMBER: 10400039)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LINLEIGH ELECTRICAL LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2024







DIRECTOR: Mr A L Barton





SECRETARY: Mrs F H Watson





REGISTERED OFFICE: 33 Harrow Road
Whitnash
Leamington Spa
CV31 2JD





REGISTERED NUMBER: 10400039 (England and Wales)





ACCOUNTANTS: Michael Harwood & Co
Chartered Accountants
Greville House
10 Jury Street
Warwick
Warwickshire
CV34 4EW

LINLEIGH ELECTRICAL LIMITED (REGISTERED NUMBER: 10400039)

BALANCE SHEET
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 31,500 42,000
Tangible assets 5 55,801 52,728
87,301 94,728

CURRENT ASSETS
Debtors 6 188,076 112,247
Cash at bank and in hand 205,224 175,223
393,300 287,470
CREDITORS
Amounts falling due within one year 7 177,565 146,098
NET CURRENT ASSETS 215,735 141,372
TOTAL ASSETS LESS CURRENT
LIABILITIES

303,036

236,100

CREDITORS
Amounts falling due after more than one
year

8

(15,116

)

(26,718

)

PROVISIONS FOR LIABILITIES (13,799 ) (9,878 )
NET ASSETS 274,121 199,504

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 9 274,021 199,404
SHAREHOLDERS' FUNDS 274,121 199,504

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

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

LINLEIGH ELECTRICAL LIMITED (REGISTERED NUMBER: 10400039)

BALANCE SHEET - continued
31 March 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 13 November 2024 and were signed by:





Mr A L Barton - Director


LINLEIGH ELECTRICAL LIMITED (REGISTERED NUMBER: 10400039)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Linleigh 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of ten years.

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 - 33.33% on cost
Fixtures and fittings - 33.33% on cost
Motor vehicles - 25% reducing balance
Computer equipment - 33.33% on cost

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.

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.

LINLEIGH ELECTRICAL LIMITED (REGISTERED NUMBER: 10400039)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 15 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 105,000
AMORTISATION
At 1 April 2023 63,000
Charge for year 10,500
At 31 March 2024 73,500
NET BOOK VALUE
At 31 March 2024 31,500
At 31 March 2023 42,000

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 16,996 2,799 86,202 3,153 109,150
Additions 886 - 13,995 4,217 19,098
Disposals (9,541 ) - - (1,984 ) (11,525 )
At 31 March 2024 8,341 2,799 100,197 5,386 116,723
DEPRECIATION
At 1 April 2023 11,818 2,207 39,689 2,708 56,422
Charge for year 2,659 363 11,980 653 15,655
Eliminated on disposal (9,297 ) - - (1,858 ) (11,155 )
At 31 March 2024 5,180 2,570 51,669 1,503 60,922
NET BOOK VALUE
At 31 March 2024 3,161 229 48,528 3,883 55,801
At 31 March 2023 5,178 592 46,513 445 52,728

LINLEIGH ELECTRICAL LIMITED (REGISTERED NUMBER: 10400039)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

5. 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 April 2023
and 31 March 2024 18,300
DEPRECIATION
At 1 April 2023 4,575
Charge for year 3,431
At 31 March 2024 8,006
NET BOOK VALUE
At 31 March 2024 10,294
At 31 March 2023 13,725

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 173,293 112,247
Other debtors 14,783 -
188,076 112,247

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 7,926 8,000
Hire purchase contracts 3,750 3,750
Trade creditors 65,789 51,694
Tax 48,227 30,331
Social security and other taxes 13,828 9,841
VAT 25,149 36,585
Other creditors 9,547 3,046
Directors' current accounts 259 351
Accrued expenses 3,090 2,500
177,565 146,098

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans 11,366 19,218
Hire purchase contracts 3,750 7,500
15,116 26,718

LINLEIGH ELECTRICAL LIMITED (REGISTERED NUMBER: 10400039)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

9. RESERVES
Retained
earnings
£   

At 1 April 2023 199,404
Profit for the year 136,117
Dividends (61,500 )
At 31 March 2024 274,021