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REGISTERED NUMBER: 04770088 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Lightning Protection and Earthing
Specialists Limited

Lightning Protection and Earthing
Specialists Limited (Registered number: 04770088)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Lightning Protection and Earthing
Specialists Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: Mr R Hurst
Mrs D Hurst
Mr W Hurst





SECRETARY: Mrs J Hurst





REGISTERED OFFICE: The Willows
353 Moor Road
Bestwood Village
Nottingham
NG6 8UN





REGISTERED NUMBER: 04770088 (England and Wales)





ACCOUNTANTS: Franklins
18 St Christopher's Way
Pride Park
Derby
Derbyshire
DE24 8JY

Lightning Protection and Earthing
Specialists Limited (Registered number: 04770088)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 9,494 12,583
9,494 12,583

CURRENT ASSETS
Stocks 15,095 13,752
Debtors 6 196,837 163,310
Cash at bank and in hand 580,268 505,242
792,200 682,304
CREDITORS
Amounts falling due within one year 7 149,133 109,180
NET CURRENT ASSETS 643,067 573,124
TOTAL ASSETS LESS CURRENT
LIABILITIES

652,561

585,707

PROVISIONS FOR LIABILITIES 2,207 2,924
NET ASSETS 650,354 582,783

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 650,254 582,683
SHAREHOLDERS' FUNDS 650,354 582,783

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.

Lightning Protection and Earthing
Specialists Limited (Registered number: 04770088)

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.

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 25 March 2025 and were signed on its behalf by:




Mrs D Hurst - Director Mr R Hurst - Director




Mr W Hurst - Director


Lightning Protection and Earthing
Specialists Limited (Registered number: 04770088)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Lightning Protection and Earthing Specialists 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 represents net invoiced sales of services excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of ten years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Tools and equipment - 25% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 20% 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Lightning Protection and Earthing
Specialists Limited (Registered number: 04770088)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued
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.

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. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 30,000
AMORTISATION
At 1 July 2023
and 30 June 2024 30,000
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 -

Lightning Protection and Earthing
Specialists Limited (Registered number: 04770088)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Tools and and Motor Computer
equipment fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 July 2023
and 30 June 2024 21,269 2,938 78,973 2,139 105,319
DEPRECIATION
At 1 July 2023 16,403 2,777 72,366 1,190 92,736
Charge for year 1,216 32 1,651 190 3,089
At 30 June 2024 17,619 2,809 74,017 1,380 95,825
NET BOOK VALUE
At 30 June 2024 3,650 129 4,956 759 9,494
At 30 June 2023 4,866 161 6,607 949 12,583

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 119,167 112,221
Other debtors 1,550 -
Directors' current accounts 60,835 36,208
Prepayments and accrued income 15,285 14,881
196,837 163,310

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 12,648 10,805
Pension Control 158 -
Tax 58,918 43,552
Social security and other taxes 2,546 2,067
VAT 14,236 710
Wages 1,997 -
Directors' current accounts 56,280 49,796
Accruals and deferred income 2,350 2,250
149,133 109,180

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

Lightning Protection and Earthing
Specialists Limited (Registered number: 04770088)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2024 and 30 June 2023:

2024 2023
£    £   
Mr W Hurst
Balance outstanding at start of year 36,208 30,255
Amounts advanced 117,172 93,599
Amounts repaid (92,545 ) (87,646 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 60,835 36,208

The directors loan account was cleared within nine months of the year end. Interest has been charged at a rate of 2.25% per annum.