IRIS Accounts Production v24.3.0.553 11523540 Board of Directors 1.9.23 31.8.24 31.8.24 false true false false true false A Ordinary 1.00000 B Ordinary 1.00000 C Ordinary 1.00000 D Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh115235402023-08-31115235402024-08-31115235402023-09-012024-08-31115235402022-08-31115235402022-09-012023-08-31115235402023-08-3111523540ns15:EnglandWales2023-09-012024-08-3111523540ns14:PoundSterling2023-09-012024-08-3111523540ns10:Director12023-09-012024-08-3111523540ns10:PrivateLimitedCompanyLtd2023-09-012024-08-3111523540ns10:SmallEntities2023-09-012024-08-3111523540ns10:AuditExempt-NoAccountantsReport2023-09-012024-08-3111523540ns10:SmallCompaniesRegimeForDirectorsReport2023-09-012024-08-3111523540ns10:SmallCompaniesRegimeForAccounts2023-09-012024-08-3111523540ns10:FullAccounts2023-09-012024-08-3111523540ns10:OrdinaryShareClass12023-09-012024-08-3111523540ns10:OrdinaryShareClass22023-09-012024-08-3111523540ns10:OrdinaryShareClass32023-09-012024-08-3111523540ns10:OrdinaryShareClass42023-09-012024-08-3111523540ns10:Director22023-09-012024-08-3111523540ns10:RegisteredOffice2023-09-012024-08-3111523540ns5:CurrentFinancialInstruments2024-08-3111523540ns5:CurrentFinancialInstruments2023-08-3111523540ns5:Non-currentFinancialInstruments2024-08-3111523540ns5:Non-currentFinancialInstruments2023-08-3111523540ns5:ShareCapital2024-08-3111523540ns5:ShareCapital2023-08-3111523540ns5:RetainedEarningsAccumulatedLosses2024-08-3111523540ns5:RetainedEarningsAccumulatedLosses2023-08-3111523540ns5:LeaseholdImprovements2023-09-012024-08-3111523540ns5:PlantMachinery2023-09-012024-08-3111523540ns5:MotorVehicles2023-09-012024-08-3111523540ns5:ComputerEquipment2023-09-012024-08-3111523540ns5:LeaseholdImprovements2023-08-3111523540ns5:PlantMachinery2023-08-3111523540ns5:FurnitureFittings2023-08-3111523540ns5:FurnitureFittings2023-09-012024-08-3111523540ns5:LeaseholdImprovements2024-08-3111523540ns5:PlantMachinery2024-08-3111523540ns5:FurnitureFittings2024-08-3111523540ns5:LeaseholdImprovements2023-08-3111523540ns5:PlantMachinery2023-08-3111523540ns5:FurnitureFittings2023-08-3111523540ns5:MotorVehicles2023-08-3111523540ns5:ComputerEquipment2023-08-3111523540ns5:MotorVehicles2024-08-3111523540ns5:ComputerEquipment2024-08-3111523540ns5:MotorVehicles2023-08-3111523540ns5:ComputerEquipment2023-08-3111523540ns5:WithinOneYearns5:CurrentFinancialInstruments2024-08-3111523540ns5:WithinOneYearns5:CurrentFinancialInstruments2023-08-3111523540ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2024-08-3111523540ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2023-08-3111523540ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-08-3111523540ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-08-3111523540ns10:OrdinaryShareClass12024-08-3111523540ns10:OrdinaryShareClass22024-08-3111523540ns10:OrdinaryShareClass32024-08-3111523540ns10:OrdinaryShareClass42024-08-31
REGISTERED NUMBER: 11523540 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

L & P Electrical Ltd

L & P Electrical Ltd (Registered number: 11523540)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


L & P Electrical Ltd

Company Information
for the Year Ended 31 August 2024







Directors: Mr A Lamb
Mr T M Pearson





Registered office: 6 George Street
Driffield
East Yorkshire
YO25 6RA





Registered number: 11523540 (England and Wales)





Accountants: Ullyott Limited
6 George Street
Driffield
East Yorkshire
YO25 6RA

L & P Electrical Ltd (Registered number: 11523540)

Balance Sheet
31 August 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 139,365 106,106

CURRENT ASSETS
Stocks 5 2,000 1,000
Debtors 6 114,294 41,388
Cash at bank 97,234 111,493
213,528 153,881
CREDITORS
Amounts falling due within one year 7 174,636 121,782
NET CURRENT ASSETS 38,892 32,099
TOTAL ASSETS LESS CURRENT
LIABILITIES

178,257

138,205

CREDITORS
Amounts falling due after more than one
year

8

(8,334

)

(18,334

)

PROVISIONS FOR LIABILITIES (31,756 ) (23,480 )
NET ASSETS 138,167 96,391

CAPITAL AND RESERVES
Called up share capital 9 102 102
Retained earnings 138,065 96,289
SHAREHOLDERS' FUNDS 138,167 96,391

L & P Electrical Ltd (Registered number: 11523540)

Balance Sheet - continued
31 August 2024


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

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

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 26 November 2024 and were signed on its behalf by:





Mr T M Pearson - Director


L & P Electrical Ltd (Registered number: 11523540)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

L & P Electrical Ltd 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.
Improvements to property - 2% on cost
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% 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.

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.


L & P Electrical Ltd (Registered number: 11523540)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

2. ACCOUNTING POLICIES - continued
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 - 8 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 September 2023 13,774 49,891 283
Additions - 2,092 4,613
At 31 August 2024 13,774 51,983 4,896
DEPRECIATION
At 1 September 2023 1,155 25,833 141
Charge for year 276 5,053 634
At 31 August 2024 1,431 30,886 775
NET BOOK VALUE
At 31 August 2024 12,343 21,097 4,121
At 31 August 2023 12,619 24,058 142

L & P Electrical Ltd (Registered number: 11523540)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 September 2023 110,743 11,774 186,465
Additions 48,184 5,720 60,609
At 31 August 2024 158,927 17,494 247,074
DEPRECIATION
At 1 September 2023 45,988 7,242 80,359
Charge for year 18,601 2,786 27,350
At 31 August 2024 64,589 10,028 107,709
NET BOOK VALUE
At 31 August 2024 94,338 7,466 139,365
At 31 August 2023 64,755 4,532 106,106

5. STOCKS
2024 2023
£    £   
Stocks 2,000 1,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 114,031 27,678
Other debtors - 13,710
Prepayments and accrued income 263 -
114,294 41,388

L & P Electrical Ltd (Registered number: 11523540)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 49,522 23,410
Corporation tax 55,270 48,208
Social security and other taxes 4,904 2,896
VAT 33,003 33,114
Other creditors 179 1,774
Directors' current accounts 20,168 744
Accruals and deferred income 1,590 1,636
174,636 121,782

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 8,334 10,000
Bank loans - 2-5 years - 8,334
8,334 18,334

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
50 A Ordinary £1 50 50
50 B Ordinary £1 50 50
1 C Ordinary £1 1 1
1 D Ordinary £1 1 1
102 102