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Company Registration No. 08884139 (England and Wales)
L J ELECTRICAL CONTRACTORS LTD Unaudited accounts for the year ended 29 February 2024
L J ELECTRICAL CONTRACTORS LTD Unaudited accounts Contents
Page
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L J ELECTRICAL CONTRACTORS LTD Company Information for the year ended 29 February 2024
Directors
Luke Hampton Jay Walder
Company Number
08884139 (England and Wales)
Registered Office
58 FERNWOOD RISE WESTDENE BRIGHTON BN1 5EP
Accountants
KMG Accountancy Ltd The Offices 57 Newtown Road Hove BN3 7BA
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Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of L J ELECTRICAL CONTRACTORS LTD for the year ended 29 February 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of L J ELECTRICAL CONTRACTORS LTD for the year ended 29 February 2024 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
Our work has been undertaken in accordance with AAF 7/16 as detailed at icaew.com/compilation.
KMG Accountancy Ltd Chartered Accountants The Offices 57 Newtown Road Hove BN3 7BA 30 November 2024
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L J ELECTRICAL CONTRACTORS LTD Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
11,110 
16,297 
Current assets
Debtors
7,933 
4,497 
Cash at bank and in hand
28,281 
38,687 
36,214 
43,184 
Creditors: amounts falling due within one year
(38,805)
(43,679)
Net current liabilities
(2,591)
(495)
Total assets less current liabilities
8,519 
15,802 
Creditors: amounts falling due after more than one year
(9,087)
(15,777)
Net (liabilities)/assets
(568)
25 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(569)
24 
Shareholders' funds
(568)
25 
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 November 2024 and were signed on its behalf by
Luke Hampton Director Company Registration No. 08884139
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L J ELECTRICAL CONTRACTORS LTD Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
L J ELECTRICAL CONTRACTORS LTD is a private company, limited by shares, registered in England and Wales, registration number 08884139. The registered office is 58 FERNWOOD RISE, WESTDENE, BRIGHTON, BN1 5EP.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
5 years
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 March 2023
32,746 
At 29 February 2024
32,746 
Depreciation
At 1 March 2023
16,449 
Charge for the year
5,187 
At 29 February 2024
21,636 
Net book value
At 29 February 2024
11,110 
At 28 February 2023
16,297 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
7,961 
8,066 
Other debtors
(28)
(3,569)
7,933 
4,497 
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L J ELECTRICAL CONTRACTORS LTD Notes to the Accounts for the year ended 29 February 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
7,188 
7,188 
VAT
10,961 
9,861 
Obligations under finance leases and hire purchase contracts
(2,448)
- 
Taxes and social security
23,255 
26,540 
Other creditors
(241)
- 
Loans from directors
90 
90 
38,805 
43,679 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
9,087 
15,777 
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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