2023-03-012024-02-292024-02-29false10013222L. B. ELECTRICAL SERVICES LIMITED2024-11-1843210iso4217:GBPxbrli:pure100132222023-03-01100132222024-02-29100132222023-03-012024-02-29100132222022-03-01100132222023-02-28100132222022-03-012023-02-2810013222bus:SmallEntities2023-03-012024-02-2910013222bus:AuditExempt-NoAccountantsReport2023-03-012024-02-2910013222bus:FullAccounts2023-03-012024-02-2910013222bus:PrivateLimitedCompanyLtd2023-03-012024-02-2910013222core:WithinOneYear2024-02-2910013222core:AfterOneYear2024-02-2910013222core:WithinOneYear2023-02-2810013222core:AfterOneYear2023-02-2810013222core:ShareCapital2024-02-2910013222core:SharePremium2024-02-2910013222core:RevaluationReserve2024-02-2910013222core:OtherReservesSubtotal2024-02-2910013222core:RetainedEarningsAccumulatedLosses2024-02-2910013222core:ShareCapital2023-02-2810013222core:SharePremium2023-02-2810013222core:RevaluationReserve2023-02-2810013222core:OtherReservesSubtotal2023-02-2810013222core:RetainedEarningsAccumulatedLosses2023-02-2810013222core:LandBuildings2024-02-2910013222core:PlantMachinery2024-02-2910013222core:Vehicles2024-02-2910013222core:FurnitureFittings2024-02-2910013222core:OfficeEquipment2024-02-2910013222core:NetGoodwill2024-02-2910013222core:IntangibleAssetsOtherThanGoodwill2024-02-2910013222core:ListedExchangeTraded2024-02-2910013222core:UnlistedNon-exchangeTraded2024-02-2910013222core:LandBuildings2023-02-2810013222core:PlantMachinery2023-02-2810013222core:Vehicles2023-02-2810013222core:FurnitureFittings2023-02-2810013222core:OfficeEquipment2023-02-2810013222core:NetGoodwill2023-02-2810013222core:IntangibleAssetsOtherThanGoodwill2023-02-2810013222core:ListedExchangeTraded2023-02-2810013222core:UnlistedNon-exchangeTraded2023-02-2810013222core:LandBuildings2023-03-012024-02-2910013222core:PlantMachinery2023-03-012024-02-2910013222core:Vehicles2023-03-012024-02-2910013222core:FurnitureFittings2023-03-012024-02-2910013222core:OfficeEquipment2023-03-012024-02-2910013222core:NetGoodwill2023-03-012024-02-2910013222core:IntangibleAssetsOtherThanGoodwill2023-03-012024-02-2910013222core:ListedExchangeTraded2023-03-012024-02-2910013222core:UnlistedNon-exchangeTraded2023-03-012024-02-2910013222core:MoreThanFiveYears2023-03-012024-02-2910013222core:Non-currentFinancialInstruments2024-02-2910013222core:Non-currentFinancialInstruments2023-02-2810013222dpl:CostSales2023-03-012024-02-2910013222dpl:DistributionCosts2023-03-012024-02-2910013222core:LandBuildings2023-03-012024-02-2910013222core:PlantMachinery2023-03-012024-02-2910013222core:Vehicles2023-03-012024-02-2910013222core:FurnitureFittings2023-03-012024-02-2910013222core:OfficeEquipment2023-03-012024-02-2910013222dpl:AdministrativeExpenses2023-03-012024-02-2910013222core:NetGoodwill2023-03-012024-02-2910013222core:IntangibleAssetsOtherThanGoodwill2023-03-012024-02-2910013222dpl:GroupUndertakings2023-03-012024-02-2910013222dpl:ParticipatingInterests2023-03-012024-02-2910013222dpl:GroupUndertakingscore:ListedExchangeTraded2023-03-012024-02-2910013222core:ListedExchangeTraded2023-03-012024-02-2910013222dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-03-012024-02-2910013222core:UnlistedNon-exchangeTraded2023-03-012024-02-2910013222dpl:CostSales2022-03-012023-02-2810013222dpl:DistributionCosts2022-03-012023-02-2810013222core:LandBuildings2022-03-012023-02-2810013222core:PlantMachinery2022-03-012023-02-2810013222core:Vehicles2022-03-012023-02-2810013222core:FurnitureFittings2022-03-012023-02-2810013222core:OfficeEquipment2022-03-012023-02-2810013222dpl:AdministrativeExpenses2022-03-012023-02-2810013222core:NetGoodwill2022-03-012023-02-2810013222core:IntangibleAssetsOtherThanGoodwill2022-03-012023-02-2810013222dpl:GroupUndertakings2022-03-012023-02-2810013222dpl:ParticipatingInterests2022-03-012023-02-2810013222dpl:GroupUndertakingscore:ListedExchangeTraded2022-03-012023-02-2810013222core:ListedExchangeTraded2022-03-012023-02-2810013222dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-03-012023-02-2810013222core:UnlistedNon-exchangeTraded2022-03-012023-02-2810013222core:NetGoodwill2024-02-2910013222core:IntangibleAssetsOtherThanGoodwill2024-02-2910013222core:LandBuildings2024-02-2910013222core:PlantMachinery2024-02-2910013222core:Vehicles2024-02-2910013222core:FurnitureFittings2024-02-2910013222core:OfficeEquipment2024-02-2910013222core:AfterOneYear2024-02-2910013222core:WithinOneYear2024-02-2910013222core:ListedExchangeTraded2024-02-2910013222core:UnlistedNon-exchangeTraded2024-02-2910013222core:ShareCapital2024-02-2910013222core:SharePremium2024-02-2910013222core:RevaluationReserve2024-02-2910013222core:OtherReservesSubtotal2024-02-2910013222core:RetainedEarningsAccumulatedLosses2024-02-2910013222core:NetGoodwill2023-02-2810013222core:IntangibleAssetsOtherThanGoodwill2023-02-2810013222core:LandBuildings2023-02-2810013222core:PlantMachinery2023-02-2810013222core:Vehicles2023-02-2810013222core:FurnitureFittings2023-02-2810013222core:OfficeEquipment2023-02-2810013222core:AfterOneYear2023-02-2810013222core:WithinOneYear2023-02-2810013222core:Liste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L. B. ELECTRICAL SERVICES LIMITED

Registered Number
10013222
(England and Wales)

Unaudited Financial Statements for the Year ended
29 February 2024

L. B. ELECTRICAL SERVICES LIMITED
Company Information
for the year from 1 March 2023 to 29 February 2024

Director

BATES, Lee

Registered Address

3 Church Lane
Headley
Epsom
KT18 6LP

Registered Number

10013222 (England and Wales)
L. B. ELECTRICAL SERVICES LIMITED
Statement of Financial Position
29 February 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets330,61240,816
30,61240,816
Current assets
Debtors463,66773,469
Cash at bank and on hand25,65924,726
89,32698,195
Creditors amounts falling due within one year5(52,310)(40,087)
Net current assets (liabilities)37,01658,108
Total assets less current liabilities67,62898,924
Creditors amounts falling due after one year6(44,784)(53,449)
Provisions for liabilities8(13,571)(7,755)
Net assets9,27337,720
Capital and reserves
Called up share capital100100
Profit and loss account9,17337,620
Shareholders' funds9,27337,720
The financial statements were approved and authorised for issue by the Director on 18 November 2024, and are signed on its behalf by:
BATES, Lee
Director
Registered Company No. 10013222
L. B. ELECTRICAL SERVICES LIMITED
Notes to the Financial Statements
for the year ended 29 February 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Turnover policy
Turnover represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Vehicles25
Office Equipment25
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
2.Average number of employees

20242023
Average number of employees during the year22
3.Tangible fixed assets

Vehicles

Office Equipment

Total

£££
Cost or valuation
At 01 March 2353,49093154,421
At 29 February 2453,49093154,421
Depreciation and impairment
At 01 March 2313,37223313,605
Charge for year10,02917510,204
At 29 February 2423,40140823,809
Net book value
At 29 February 2430,08952330,612
At 28 February 2340,11869840,816
4.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables39,25940,315
Other debtors24,40833,154
Total63,66773,469
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables4679,090
Bank borrowings and overdrafts5,0414,917
Taxation and social security40,00920,374
Finance lease and HP contracts3,6243,624
Other creditors64039
Accrued liabilities and deferred income2,5292,043
Total52,31040,087
6.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts28,54133,582
Other creditors16,24319,867
Total44,78453,449
7.Obligations under finance leases

2024

2023

££
Finance lease and HP contracts16,24419,867
8.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)13,5717,755
Total13,5717,755