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REGISTERED NUMBER: 00908792 (England and Wales)



















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

L.T.H.ELECTRONICS LIMITED

L.T.H.ELECTRONICS LIMITED (REGISTERED NUMBER: 00908792)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


L.T.H.ELECTRONICS LIMITED

COMPANY INFORMATION
for the Year Ended 30 JUNE 2024







DIRECTORS: Mr N B Adams
Mr S Wotton
Ms H Thorn
Mrs J Blake





SECRETARY: Mr R E Mills





REGISTERED OFFICE: Eltelec Works
Chaul End Lane
Luton
Bedfordshire
LU4 8EZ





REGISTERED NUMBER: 00908792 (England and Wales)






L.T.H.ELECTRONICS LIMITED (REGISTERED NUMBER: 00908792)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 144,250 153,445

CURRENT ASSETS
Stocks 493,875 412,989
Debtors 5 445,689 384,705
Cash at bank 398,813 392,526
1,338,377 1,190,220
CREDITORS
Amounts falling due within one year 6 536,662 491,077
NET CURRENT ASSETS 801,715 699,143
TOTAL ASSETS LESS CURRENT
LIABILITIES

945,965

852,588

CAPITAL AND RESERVES
Called up share capital 51,000 51,000
Share premium 275 275
Retained earnings 894,690 801,313
SHAREHOLDERS' FUNDS 945,965 852,588

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.

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 11 February 2025 and were signed on its behalf by:




Mr N B Adams - Director


L.T.H.ELECTRONICS LIMITED (REGISTERED NUMBER: 00908792)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 JUNE 2024

1. STATUTORY INFORMATION

L.t.h.electronics 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. 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 represents net invoiced sales of goods excluding value added tax and is attributable to the principal activity of the company.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Improvements to property - 10% on reducing balance
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. Contributions payable for the year are charged in the profit and loss account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2023 - 19 ) .

L.T.H.ELECTRONICS LIMITED (REGISTERED NUMBER: 00908792)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 JUNE 2024

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 July 2023 380,750 30,262 129,083
Additions - - 2,852
At 30 June 2024 380,750 30,262 131,935
DEPRECIATION
At 1 July 2023 258,910 19,959 126,812
Charge for year 7,615 1,030 1,282
At 30 June 2024 266,525 20,989 128,094
NET BOOK VALUE
At 30 June 2024 114,225 9,273 3,841
At 30 June 2023 121,840 10,303 2,271

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 July 2023 42,034 93,244 675,373
Additions - 3,519 6,371
At 30 June 2024 42,034 96,763 681,744
DEPRECIATION
At 1 July 2023 34,485 81,762 521,928
Charge for year 1,887 3,752 15,566
At 30 June 2024 36,372 85,514 537,494
NET BOOK VALUE
At 30 June 2024 5,662 11,249 144,250
At 30 June 2023 7,549 11,482 153,445

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 418,375 319,221
Other debtors 27,314 65,484
445,689 384,705

L.T.H.ELECTRONICS LIMITED (REGISTERED NUMBER: 00908792)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 JUNE 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 269,608 280,383
Taxation and social security 71,931 30,125
Amounts due to groups
undertaking 129,100 167,886
Sundry creditors and accruals 66,023 12,683
536,662 491,077

7. OPERATING LEASE COMMITMENTS

The following payments are committed to be:
20242023
££

Expiring within one year--
Expiring between one and five years12,50312,510
12,50312,510

8. RELATED PARTY DISCLOSURES

During the year the company was charged management fees of Nil (2023: £15,464) by Markell Luton Limited. The company also purchased Nil (2023: £30,061) of goods from Markell Luton Limited.

At the year end Markell Luton Limited was owed by the company £129,100 (2023: £167,886).

9. ULTIMATE CONTROLLING PARTY

The immediate parent company is Markell Luton Limited, a company incorporated in England and Wales, which is ultimately controlled by Mrs H Thorn and Mrs J Blake by virtue of their controlling interest in this company. The accounts for Markell Luton Limited can be obtained from the registered office Eltelec Works, Chaul End Lane, Luton, Bedfordshire, LU4 8EZ.