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Registered number: 09245787
LETO Electrical Ltd
Unaudited Financial Statements
For The Year Ended 31 August 2024
LPTA Limited
Chartered Certified Accountants
Priory Place Priory Road
Tiptree
Colchester
Essex
CO5 0QE
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 09245787
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 842 1,053
Investments 5 15 15
857 1,068
CURRENT ASSETS
Cash at bank and in hand 100 100
100 100
Creditors: Amounts Falling Due Within One Year 6 (524 ) (466 )
NET CURRENT ASSETS (LIABILITIES) (424 ) (366 )
TOTAL ASSETS LESS CURRENT LIABILITIES 433 702
NET ASSETS 433 702
CAPITAL AND RESERVES
Called up share capital 7 200 200
Profit and Loss Account 233 502
SHAREHOLDERS' FUNDS 433 702
Page 1
Page 2
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Charlie Butler
Director
7th November 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
LETO Electrical Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09245787 . The registered office is Priory Place Priory Road, Tiptree, Colchester, CO5 0QE.
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. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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% Reducing Balance
Fixtures & Fittings 20% Reducing Balance
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 September 2023 3,068 3,942 7,010
As at 31 August 2024 3,068 3,942 7,010
Depreciation
As at 1 September 2023 2,883 3,074 5,957
Provided during the period 37 174 211
As at 31 August 2024 2,920 3,248 6,168
Net Book Value
As at 31 August 2024 148 694 842
As at 1 September 2023 185 868 1,053
Page 3
Page 4
5. Investments
Unlisted
£
Cost
As at 1 September 2023 15
As at 31 August 2024 15
Provision
As at 1 September 2023 -
As at 31 August 2024 -
Net Book Value
As at 31 August 2024 15
As at 1 September 2023 15
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Elite Power & Controls Limited Loan Account (Current liabilities - creditors < 1 year) 83 -
Accruals and deferred income 395 420
Director's loan account 46 46
524 466
7. Share Capital
2024 2023
Allotted, called up and fully paid £ £
100 Ordinary Shares of £ 1 each 100 100
100 Ordinary A shares of £ 1 each 100 100
200 200
8. Ultimate Controlling Party
The company's ultimate controlling party is Mr & Mrs Butler by virtue of their ownership of 100% of the issued share capital in the company.
Page 4