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REGISTERED NUMBER: 07308457 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

LED Direct Limited

LED Direct Limited (Registered number: 07308457)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


LED Direct Limited

Company Information
for the Year Ended 31 July 2024







DIRECTORS: Mr S R M Dale
Mrs M Dale





REGISTERED OFFICE: Garth House 3 Fairview
Kirkby Lonsdale
Carnforth
Lancashire
LA6 2HF





REGISTERED NUMBER: 07308457 (England and Wales)





ACCOUNTANTS: Langricks (Holmfirth) Limited
4 Greenfield Road
Holmfirth
West Yorkshire
HD9 2JT

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
LED Direct Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of LED Direct Limited for the year ended 31 July 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of LED Direct Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of LED Direct Limited and state those matters that we have agreed to state to the Board of Directors of LED Direct Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than LED Direct Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that LED Direct Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of LED Direct Limited. You consider that LED Direct Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of LED Direct Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Langricks (Holmfirth) Limited
4 Greenfield Road
Holmfirth
West Yorkshire
HD9 2JT


27 January 2025

LED Direct Limited (Registered number: 07308457)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,762 1,414

CURRENT ASSETS
Stocks 1,750 1,750
Debtors 5 504,570 327,148
Cash at bank 18,376 22,416
524,696 351,314
CREDITORS
Amounts falling due within one year 6 423,373 295,692
NET CURRENT ASSETS 101,323 55,622
TOTAL ASSETS LESS CURRENT
LIABILITIES

109,085

57,036

CREDITORS
Amounts falling due after more than one
year

7

5,457

11,944
NET ASSETS 103,628 45,092

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 103,528 44,992
103,628 45,092

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

LED Direct Limited (Registered number: 07308457)

Balance Sheet - continued
31 July 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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 January 2025 and were signed on its behalf by:





Mr S R M Dale - Director


LED Direct Limited (Registered number: 07308457)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

LED Direct 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

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 - 20% on reducing balance
Fixtures and fittings - 25% on cost
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. 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 capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively.
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 is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

LED Direct Limited (Registered number: 07308457)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 August 2023 628 5,396 2,009 8,033
Additions - - 9,586 9,586
At 31 July 2024 628 5,396 11,595 17,619
DEPRECIATION
At 1 August 2023 590 5,359 670 6,619
Charge for year 38 37 3,163 3,238
At 31 July 2024 628 5,396 3,833 9,857
NET BOOK VALUE
At 31 July 2024 - - 7,762 7,762
At 31 July 2023 38 37 1,339 1,414

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 332,053 114,455
Other debtors 172,517 212,693
504,570 327,148

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts 6,487 6,327
Trade creditors 1,252 9,176
Taxation and social security 43,675 27,619
Other creditors 371,959 252,570
423,373 295,692

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 31.7.23
£    £   
Bank loans 5,457 11,944

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £73,910 were paid to the directors .

The company is related to the director. During the year to 31 July 2024, the director paid in to the company £287,843 (2023: £164,137) and withdrew £176,720 (2023: £133,532) from the company. At 31 July 2024, the company owed the director £270,889 (2023: £159,766), which is included within creditors.

LED Direct Limited (Registered number: 07308457)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

9. ULTIMATE CONTROLLING PARTY

The controlling party is Mr S R M Dale.