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Registered number: 09214986
Leyden Electrical Installations Limited
Unaudited Financial Statements
For The Year Ended 30 September 2024
Tony R Pomfret & Associates
37a High Street
Hoddesdon
EN11 8TA
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 09214986
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 21,559 18,733
21,559 18,733
CURRENT ASSETS
Stocks 5 2,000 1,500
Debtors 6 39,041 54,073
Cash at bank and in hand 3 7,211
41,044 62,784
Creditors: Amounts Falling Due Within One Year 7 (48,681 ) (56,522 )
NET CURRENT ASSETS (LIABILITIES) (7,637 ) 6,262
TOTAL ASSETS LESS CURRENT LIABILITIES 13,922 24,995
Creditors: Amounts Falling Due After More Than One Year 8 (8,219 ) (18,474 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 9 (5,390 ) (4,683 )
NET ASSETS 313 1,838
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 213 1,738
SHAREHOLDERS' FUNDS 313 1,838
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Page 2
For the year ending 30 September 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr James Taylor
Director
10/02/2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Leyden Electrical Installations Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09214986 . The registered office is 175 Park Lane, Old Knebworth, Herts, SG3 6PR.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% Straight Line
Motor Vehicles 25% Reducing Balance
Computer Equipment 20% Straight Line
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 2)
1 2
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 October 2023 18,342 31,485 890 50,717
Additions - 10,188 - 10,188
As at 30 September 2024 18,342 41,673 890 60,905
Depreciation
As at 1 October 2023 17,853 13,775 356 31,984
Provided during the period 210 6,974 178 7,362
As at 30 September 2024 18,063 20,749 534 39,346
Net Book Value
As at 30 September 2024 279 20,924 356 21,559
As at 1 October 2023 489 17,710 534 18,733
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5. Stocks
2024 2023
£ £
Stock 2,000 1,500
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 22,913 50,565
Other debtors 16,128 3,508
39,041 54,073
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1 845
Bank loans and overdrafts 10,910 9,800
Other creditors 4,377 9,885
Taxation and social security 33,393 35,992
48,681 56,522
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 8,219 18,474
9. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 5,390 4,683
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 October 2023 Amounts advanced Amounts repaid Amounts written off As at 30 September 2024
£ £ £ £ £
Mr James Taylor - 13,824 - - 13,824
The above loan is unsecured, repayable on demand. Interest has been charged at the official rate.
12. Related Party Transactions
Directors' Loan Accounts

Directors' Loan Accounts

At the balance sheet date, the company was owed £13,824 (2023 - owed £7,135) by Mr J Taylor, who is a director and shareholder of the company.
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