IRIS Accounts Production v24.3.2.46 08579970 Board of Directors Board of Directors Board of Directors 1.7.23 30.6.24 30.6.24 false true false false true false Ordinary 1.00000 Ordinary A 1.00000 Ordinary B 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh085799702023-06-30085799702024-06-30085799702023-07-012024-06-30085799702022-06-30085799702022-07-012023-06-30085799702023-06-3008579970ns15:EnglandWales2023-07-012024-06-3008579970ns14:PoundSterling2023-07-012024-06-3008579970ns10:Director12023-07-012024-06-3008579970ns10:Director22023-07-012024-06-3008579970ns10:Director32023-07-012024-06-3008579970ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3008579970ns10:SmallEntities2023-07-012024-06-3008579970ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-3008579970ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3008579970ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3008579970ns10:AbridgedAccounts2023-07-012024-06-3008579970ns10:OrdinaryShareClass12023-07-012024-06-3008579970ns10:OrdinaryShareClass22023-07-012024-06-3008579970ns10:OrdinaryShareClass32023-07-012024-06-3008579970ns10:RegisteredOffice2023-07-012024-06-3008579970ns5:CurrentFinancialInstruments2024-06-3008579970ns5:CurrentFinancialInstruments2023-06-3008579970ns5:Non-currentFinancialInstruments2024-06-3008579970ns5:Non-currentFinancialInstruments2023-06-3008579970ns5:ShareCapital2024-06-3008579970ns5:ShareCapital2023-06-3008579970ns5:RetainedEarningsAccumulatedLosses2024-06-3008579970ns5:RetainedEarningsAccumulatedLosses2023-06-3008579970ns5:FurnitureFittings2023-07-012024-06-3008579970ns5:MotorVehicles2023-07-012024-06-3008579970ns5:ComputerEquipment2023-07-012024-06-3008579970ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2024-06-3008579970ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2023-06-3008579970ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2024-06-3008579970ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2023-06-3008579970ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2024-06-3008579970ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2023-06-3008579970ns5:HirePurchaseContracts2024-06-3008579970ns5:HirePurchaseContracts2023-06-3008579970ns5:WithinOneYear2024-06-3008579970ns5:WithinOneYear2023-06-3008579970ns5:BetweenOneFiveYears2024-06-3008579970ns5:BetweenOneFiveYears2023-06-3008579970ns5:AllPeriods2024-06-3008579970ns5:AllPeriods2023-06-3008579970ns10:OrdinaryShareClass12024-06-3008579970ns10:OrdinaryShareClass22024-06-3008579970ns10:OrdinaryShareClass32024-06-30
REGISTERED NUMBER: 08579970 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

LPT ELECTRICAL LIMITED

LPT ELECTRICAL LIMITED (REGISTERED NUMBER: 08579970)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


LPT ELECTRICAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: S D Patterson
R W Taylor
L P Taylor





REGISTERED OFFICE: 2 Mountside
Stanmore
Middlesex
HA7 2DT





BUSINESS ADDRESS: Unit 4
Progression Centre
Mark Road
Hemel Hempstead
HP2 7DW





REGISTERED NUMBER: 08579970 (England and Wales)





ACCOUNTANTS: Mountsides Limited
Chartered Accountants
2 Mountside
Stanmore
Middlesex
HA7 2DT

LPT ELECTRICAL LIMITED (REGISTERED NUMBER: 08579970)

ABRIDGED BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 5 46,592 59,823

CURRENT ASSETS
Debtors 6 230,237 250,872
Cash at bank 230,961 48,577
461,198 299,449
CREDITORS
Amounts falling due within one year (434,971 ) (305,149 )
NET CURRENT ASSETS/(LIABILITIES) 26,227 (5,700 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

72,819

54,123

CREDITORS
Amounts falling due after more than one
year

(17,591

)

(42,237

)

PROVISIONS FOR LIABILITIES (10,395 ) (10,205 )
NET ASSETS 44,833 1,681

CAPITAL AND RESERVES
Called up share capital 9 300 300
Retained earnings 44,533 1,381
SHAREHOLDERS' FUNDS 44,833 1,681

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

LPT ELECTRICAL LIMITED (REGISTERED NUMBER: 08579970)

ABRIDGED BALANCE SHEET - continued
30 JUNE 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 June 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 17 January 2025 and were signed on its behalf by:




S D Patterson - Director L P Taylor - Director




R W Taylor - Director


LPT ELECTRICAL LIMITED (REGISTERED NUMBER: 08579970)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


1. STATUTORY INFORMATION

LPT Electrical Limited 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. 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

BASIS OF PREPARING THE FINANCIAL STATEMENTS
The financial statements have been prepared under the historical cost convention.

TURNOVER
Turnover represents the invoiced sales of services, excluding value added tax.

Turnover has also been recognised in respect of on-going services, with the value of work completed at the balance sheet date being taken to turnover and the associated costs, where not invoiced at the date, being accrued for.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

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 balance sheet date.

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.

LPT ELECTRICAL LIMITED (REGISTERED NUMBER: 08579970)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


3. ACCOUNTING POLICIES - continued

HIRE PURCHASE AND LEASING COMMITMENTS
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 6 ) .

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2023 82,729
Additions 1,887
At 30 June 2024 84,616
DEPRECIATION
At 1 July 2023 22,906
Charge for year 15,118
At 30 June 2024 38,024
NET BOOK VALUE
At 30 June 2024 46,592
At 30 June 2023 59,823

LPT ELECTRICAL LIMITED (REGISTERED NUMBER: 08579970)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 July 2023
and 30 June 2024 66,967
DEPRECIATION
At 1 July 2023 10,166
Charge for year 14,200
At 30 June 2024 24,366
NET BOOK VALUE
At 30 June 2024 42,601
At 30 June 2023 56,801

6. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other debtors 4,000 -

7. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 19,355 18,647
Between one and five years 12,091 30,737
31,446 49,384

Non-cancellable operating leases
2024 2023
£    £   
Within one year 16,000 -
Between one and five years 64,000 -
80,000 -

LPT ELECTRICAL LIMITED (REGISTERED NUMBER: 08579970)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 31,446 49,384

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
300 Ordinary £1.00 - 300
270 Ordinary A £1.00 270 -
30 Ordinary B £1.00 30 -
300 300