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REGISTERED NUMBER: 11225048 (England and Wales)















Unaudited Financial Statements

for the Year Ended 29 February 2024

for

L.L.H ELECTRICAL LTD

L.L.H ELECTRICAL LTD (REGISTERED NUMBER: 11225048)

Contents of the Financial Statements
for the year ended 29 February 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


L.L.H ELECTRICAL LTD

Company Information
for the year ended 29 February 2024







Directors: Mrs L Westwood
Mr L Westwood





Registered office: Unit 7C
Vale Road
Spilsby
Lincolnshire
PE23 5HE





Registered number: 11225048 (England and Wales)





Accountants: Haines Watts
Chartered Accountants
23 Algitha Road
Skegness
United Kingdom
PE25 2AG

L.L.H ELECTRICAL LTD (REGISTERED NUMBER: 11225048)

Statement of Financial Position
29 February 2024

2024 2023
Notes £ £ £ £
Fixed assets
Tangible assets 4 9,306 16,871
Investments 5 657,782 657,782
667,088 674,653

Current assets
Stocks - 8,200
Debtors 6 38,247 28,687
Cash at bank 760 122
39,007 37,009
Creditors
Amounts falling due within one year 7 520,582 465,229
Net current liabilities (481,575 ) (428,220 )
Total assets less current liabilities 185,513 246,433

Creditors
Amounts falling due after more than one year 8 (179,094 ) (268,006 )

Provisions for liabilities (3,205 ) (3,205 )
Net assets/(liabilities) 3,214 (24,778 )

Capital and reserves
Called up share capital 10 1 1
Retained earnings 11 3,213 (24,779 )
Shareholders' funds 3,214 (24,778 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

L.L.H ELECTRICAL LTD (REGISTERED NUMBER: 11225048)

Statement of Financial Position - continued
29 February 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 29 November 2024 and were signed on its behalf by:





Mr L Westwood - Director


L.L.H ELECTRICAL LTD (REGISTERED NUMBER: 11225048)

Notes to the Financial Statements
for the year ended 29 February 2024


1. Statutory information

L.L.H 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

At the year end the Company has net current liabilities totalling £481,575 (2023 £428,220). The directors feel it is correct for these accounts to be prepared on a going concern basis and will continue to support the business. The majority of the current liabilities relate to the subsidiary (£338,238) and the previous shareholders of the subsidiary (£85,000).

Preparation of consolidated financial statements
The financial statements contain information about L.L.H Electrical Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 20% 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 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.


L.L.H ELECTRICAL LTD (REGISTERED NUMBER: 11225048)

Notes to the Financial Statements - continued
for the year ended 29 February 2024


2. Accounting policies - continued

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 2 (2023 - 2 ) .

4. Tangible fixed assets
Improvements Plant and Motor Computer
to property machinery vehicles equipment Totals
£ £ £ £ £
Cost
At 1 March 2023 5,000 1,493 21,745 4,915 33,153
Disposals (5,000 ) - - - (5,000 )
At 29 February 2024 - 1,493 21,745 4,915 28,153
Depreciation
At 1 March 2023 - 638 13,944 1,700 16,282
Charge for year - 128 1,950 487 2,565
At 29 February 2024 - 766 15,894 2,187 18,847
Net book value
At 29 February 2024 - 727 5,851 2,728 9,306
At 28 February 2023 5,000 855 7,801 3,215 16,871

5. Fixed asset investments
Interest in
other
participating
interests
£
Cost
At 1 March 2023
and 29 February 2024 657,782
Net book value
At 29 February 2024 657,782
At 28 February 2023 657,782

6. Debtors: amounts falling due within one year
2024 2023
£ £
Other debtors 38,247 28,687

L.L.H ELECTRICAL LTD (REGISTERED NUMBER: 11225048)

Notes to the Financial Statements - continued
for the year ended 29 February 2024


7. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts 4,153 4,153
Hire purchase contracts 2,832 2,832
Trade creditors 425,079 365,219
Taxation and social security 80,085 84,427
Other creditors 8,433 8,598
520,582 465,229

8. Creditors: amounts falling due after more than one year
2024 2023
£ £
Bank loans 7,675 9,497
Hire purchase contracts 1,419 3,509
Trade creditors 170,000 255,000
179,094 268,006

9. Secured debts

The following secured debts are included within creditors:

2024 2023
£ £
Bank loans 11,828 13,650

The bank loan has been secured by the Government under the Coronavirus support scheme.

10. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
2 Ordinary 50p 1 1

11. Reserves
Retained
earnings
£

At 1 March 2023 (24,779 )
Profit for the year 33,992
Dividends (6,000 )
At 29 February 2024 3,213

L.L.H ELECTRICAL LTD (REGISTERED NUMBER: 11225048)

Notes to the Financial Statements - continued
for the year ended 29 February 2024


12. Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the years ended 29 February 2024 and 28 February 2023:

2024 2023
£ £
Mrs L Westwood and Mr L Westwood
Balance outstanding at start of year 25,687 15,486
Amounts advanced 9,561 24,678
Amounts repaid - (14,477 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 35,248 25,687