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REGISTERED NUMBER: 01798447 (England and Wales)












Unaudited Financial Statements

for the period

1 April 2023 to 30 September 2024

for

L. & R. Electrical Supplies Limited

L. & R. Electrical Supplies Limited (Registered number: 01798447)






Contents of the Financial Statements
for the period 1 April 2023 to 30 September 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


L. & R. Electrical Supplies Limited

Company Information
for the period 1 April 2023 to 30 September 2024







DIRECTORS: P J Ledward
S Russett
Mrs H E Ledward





SECRETARY: Mrs H E Ledward





REGISTERED OFFICE: Datum House
Electra Way
Crewe
Cheshire
CW1 6ZF





REGISTERED NUMBER: 01798447 (England and Wales)





ACCOUNTANTS: Banks Sheridan
Datum House
Electra Way
Crewe
Cheshire
CW1 6ZF

L. & R. Electrical Supplies Limited (Registered number: 01798447)

Statement of Financial Position
30 September 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 - 4,743
Investments 7 - 1,397
- 6,140

CURRENT ASSETS
Stocks - 86,790
Debtors 8 8,436 37,576
Cash at bank and in hand 23,328 24,365
31,764 148,731
CREDITORS
Amounts falling due within one year 9 (4,363 ) (43,719 )
NET CURRENT ASSETS 27,401 105,012
TOTAL ASSETS LESS CURRENT
LIABILITIES

27,401

111,152

PROVISIONS FOR LIABILITIES 11 - (901 )
NET ASSETS 27,401 110,251

CAPITAL AND RESERVES
Called up share capital 16,000 16,000
Retained earnings 11,401 94,251
SHAREHOLDERS' FUNDS 27,401 110,251

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 September 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. & R. Electrical Supplies Limited (Registered number: 01798447)

Statement of Financial Position - continued
30 September 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 Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 January 2025 and were signed on its behalf by:





P J Ledward - Director


L. & R. Electrical Supplies Limited (Registered number: 01798447)

Notes to the Financial Statements
for the period 1 April 2023 to 30 September 2024

1. STATUTORY INFORMATION

L. & R. Electrical supplies Ltd ('The Company') is primarily engaged in electrical wholesaling. The company ceased trading on 30 September 2024.

The company is a private company limited by shares and is incorporated in England and Wales. The address of the principal place of business and of the registered office is Datum House, Electra Way, Crewe, Cheshire, CW1 6ZF. The registered number can be found on the Company Information page.

The functional and presentational currency of the financial statements is the Pound Sterling (£). Monetary amounts in these financial statements are rounded to the nearest £.

The accounting reference date of the company has been lengthened to report an eighteen-month trading period ended 30 September 2024. The comparative period is a twelve-month period.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Summary of significant accounting policies
The principle accounting policies applied in the preparation of these financial statements are set out below.

These policies have been consistently applied to all years presented, unless otherwise stated.

Basis of preparation
The financial statements are prepared on the going concern basis under the historical cost convention and comply with the United Kingdom Accounting Standards and Companies Act 2006.

Going concern
As noted in the Post Balance Sheet Events note, the company ceased trading from 30th September 2024.

The directors intend to apply for the company to be removed from the Companies House register once all of its affairs have been finalised.

The accounts have been prepared on a break up basis with all assets recorded at their recoverable amount and provisions made for all liabilities up to the proposed finalisation of the company's affairs.

Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Income is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of ten years.

L. & R. Electrical Supplies Limited (Registered number: 01798447)

Notes to the Financial Statements - continued
for the period 1 April 2023 to 30 September 2024

3. ACCOUNTING POLICIES - continued

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 - 20% on cost
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 10% on reducing balance

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value).

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the statement of comprehensive income, 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 at the end of the financial year.

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

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 period 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.

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.

Impairment of assets
Assets not measured at fair value are reviewed for any indications that the asset may be impaired at each year end. If such indications exists the recoverable amount of the asset or the assets cash generating unit is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Any losses arising from impairment are recognised in the Statement of Comprehensive Income under the appropriate heading.

Leasing commitments
Rentals paid under operating leases are charged to the profit and loss account as incurred.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 4 (2023 - 4 ) .

L. & R. Electrical Supplies Limited (Registered number: 01798447)

Notes to the Financial Statements - continued
for the period 1 April 2023 to 30 September 2024

5. INTANGIBLE FIXED ASSETS
Computer
software
£   
COST
At 1 April 2023 16,310
Disposals (16,310 )
At 30 September 2024 -
AMORTISATION
At 1 April 2023 16,310
Eliminated on disposal (16,310 )
At 30 September 2024 -
NET BOOK VALUE
At 30 September 2024 -
At 31 March 2023 -

6. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor Office
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 22,263 8,663 11,050 24,006 65,982
Additions - - - 4,095 4,095
Disposals (22,263 ) (8,663 ) (11,050 ) (28,101 ) (70,077 )
At 30 September 2024 - - - - -
DEPRECIATION
At 1 April 2023 22,263 7,858 10,938 20,180 61,239
Charge for period - 121 16 879 1,016
Eliminated on disposal (22,263 ) (7,979 ) (10,954 ) (21,059 ) (62,255 )
At 30 September 2024 - - - - -
NET BOOK VALUE
At 30 September 2024 - - - - -
At 31 March 2023 - 805 112 3,826 4,743

L. & R. Electrical Supplies Limited (Registered number: 01798447)

Notes to the Financial Statements - continued
for the period 1 April 2023 to 30 September 2024

7. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2023 1,397
Disposals (1,397 )
At 30 September 2024 -
NET BOOK VALUE
At 30 September 2024 -
At 31 March 2023 1,397

Market value of listed investments at 30 September 2024: £Nil (31 March 2023: £1,224)

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 36,027
Other debtors 8,436 1,549
8,436 37,576

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 43 28,964
Taxation and social security 4,320 11,769
Other creditors - 2,986
4,363 43,719

10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year - 2,833

11. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax - 901

Deferred
tax
£   
Balance at 1 April 2023 901
Credit to Income Statement during period (901 )
Balance at 30 September 2024 -

L. & R. Electrical Supplies Limited (Registered number: 01798447)

Notes to the Financial Statements - continued
for the period 1 April 2023 to 30 September 2024

12. POST BALANCE SHEET EVENTS

The company ceased trading from 30th September 2024. The directors intend to apply for the company to be removed from the Companies House register once all of its affairs have been finalised.