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REGISTERED NUMBER: 14317109 (England and Wales)















HLB Electrical Limited

Unaudited Financial Statements for the Year Ended 31 August 2024






HLB Electrical Limited (Registered number: 14317109)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


HLB Electrical Limited

Company Information
for the Year Ended 31 August 2024







Director: Harrison Lorimer Barnes





Registered office: 7 Jubilee Way
Lytham St Annes
Lancashire
FY8 3TT





Registered number: 14317109 (England and Wales)





Accountants: Leach Briely
Craven House
32 Lee Lane
Horwich
Bolton
Greater Manchester
BL6 7BY

HLB Electrical Limited (Registered number: 14317109)

Statement of Financial Position
31 August 2024

2024 2023
Notes £    £    £   
Fixed assets
Tangible assets 4 6,118 8,158

Current assets
Stocks 2,000 2,000
Debtors 5 8,646 9,273
Cash at bank and in hand 1,731 3,614
12,377 14,887
Creditors
Amounts falling due within one year 6 18,331 20,483
Net current liabilities (5,954 ) (5,596 )
Total assets less current liabilities 164 2,562

Capital and reserves
Called up share capital 7 100 100
Retained earnings 64 2,462
Shareholders' funds 164 2,562

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

HLB Electrical Limited (Registered number: 14317109)

Statement of Financial Position - continued
31 August 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 director and authorised for issue on 16 May 2025 and were signed by:





Harrison Lorimer Barnes - Director


HLB Electrical Limited (Registered number: 14317109)

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

1. Statutory information

HLB Electrical 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
Work done represents the total invoice value, net of Value Added Tax, for electrical services provided during the year.

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 - 25% on reducing balance

Tangible assets are initially recorded at cost and are subsequently stated at cost less any accumulated depreciation and impairment losses.

Stocks
Stocks are measured at estimated cost.

Financial instruments
The company only enters into basic financial instruments that result in the recognition of the financial assets and liabilities such as trade and other debtors and creditors. These are measured at amortised cost and assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the statement of income and retained earnings.

Taxation
The taxation expense represents the aggregate amount of current tax recognised in the reporting year . Tax is recognised in the statement of income and retained earnings. Current tax is recognised on taxable profit for the current year.

Current tax is measured at the amounts of tax expected to be paid using the tax rates and laws that have been enacted or substantively enacted at the reporting date.


HLB Electrical Limited (Registered number: 14317109)

Notes to the Financial Statements - continued
for the Year Ended 31 August 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 statement of financial position 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.

3. Employees and directors

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

4. Tangible fixed assets
Plant and
machinery
£   
Cost
At 1 September 2023
and 31 August 2024 10,583
Depreciation
At 1 September 2023 2,425
Charge for year 2,040
At 31 August 2024 4,465
Net book value
At 31 August 2024 6,118
At 31 August 2023 8,158

5. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 1,030 8,983
Other debtors 7,616 290
8,646 9,273

HLB Electrical Limited (Registered number: 14317109)

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

6. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank overdraft 51 -
Trade creditors 331 3,622
Taxation and social security 5,407 7,613
Other creditors 12,542 9,248
18,331 20,483

7. Called up share capital

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