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REGISTERED NUMBER: 09198181 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

LVB Switchgear Services Ltd

LVB Switchgear Services Ltd (Registered number: 09198181)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LVB Switchgear Services Ltd

Company Information
for the Year Ended 30 September 2024







DIRECTORS: N R Clegg
M S Tomlisson
M R Clegg
D Tomlisson





REGISTERED OFFICE: Park House
37 Clarence Street
Leicester
Leicestershire
LE1 3RW





REGISTERED NUMBER: 09198181 (England and Wales)





ACCOUNTANTS: torr waterfield
Park House
37 Clarence Street
Leicester
Leicestershire
LE1 3RW

LVB Switchgear Services Ltd (Registered number: 09198181)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 161,720 155,304

CURRENT ASSETS
Stocks 30,000 30,000
Debtors 5 1,674,624 367,787
Cash at bank 569,088 754,476
2,273,712 1,152,263
CREDITORS
Amounts falling due within one year 6 (1,293,048 ) (544,647 )
NET CURRENT ASSETS 980,664 607,616
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,142,384

762,920

CREDITORS
Amounts falling due after more than one
year

7

-

(12,926

)

PROVISIONS FOR LIABILITIES (36,730 ) (27,591 )
NET ASSETS 1,105,654 722,403

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,105,554 722,303
SHAREHOLDERS' FUNDS 1,105,654 722,403

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

LVB Switchgear Services Ltd (Registered number: 09198181)

Balance Sheet - continued
30 September 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 22 May 2025 and were signed on its behalf by:




M R Clegg - Director



D Tomlisson - Director


LVB Switchgear Services Ltd (Registered number: 09198181)

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

1. STATUTORY INFORMATION

LVB Switchgear Services Ltd 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 20% on cost
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

Stocks
Stocks and work in progress are measured at the lower of cost and estimated selling price less costs to complete and sell, after making due allowance for obsolete and slow moving items.

Cost is calculated using first-in, first-out method and includes all purchase, transport and handling costs in bringing stocks to their present location and condition.

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.

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.

LVB Switchgear Services Ltd (Registered number: 09198181)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 12 (2023 - 10 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 October 2023 23,865 9,536 307,930 4,547 345,878
Additions 51,937 5,265 - 929 58,131
At 30 September 2024 75,802 14,801 307,930 5,476 404,009
DEPRECIATION
At 1 October 2023 21,948 5,995 160,036 2,595 190,574
Charge for year 11,567 2,201 36,973 974 51,715
At 30 September 2024 33,515 8,196 197,009 3,569 242,289
NET BOOK VALUE
At 30 September 2024 42,287 6,605 110,921 1,907 161,720
At 30 September 2023 1,917 3,541 147,894 1,952 155,304

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 1,519,843 337,520
Other debtors 154,781 30,267
1,674,624 367,787

Other debtors includes prepayments and accrued income of £110,330 (2023: £327,261).

LVB Switchgear Services Ltd (Registered number: 09198181)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Hire purchase contracts 12,936 16,578
Trade creditors 734,671 34,780
Taxation and social security 517,217 421,790
Other creditors 28,224 71,499
1,293,048 544,647

Other creditors includes accruals of £8,765 (2023: £47,405).

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Hire purchase contracts - 12,926

8. SECURED DEBTS

The following secured debts are included within creditors:

30.9.24 30.9.23
£    £   
Hire purchase contracts 12,936 29,504

Hire purchase liabilities are secured on the individual assets being so acquired.

9. OTHER FINANCIAL COMMITMENTS

Financial commitments that are not included in the balance sheet are £42,388 (2023: £72,453).

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2024 and 30 September 2023:

30.9.24 30.9.23
£    £   
N R Clegg
Balance outstanding at start of year - -
Amounts advanced 28,253 18,108
Amounts repaid (28,253 ) (18,108 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

M S Tomlisson
Balance outstanding at start of year - -
Amounts advanced 30,103 18,108
Amounts repaid (30,103 ) (18,108 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

LVB Switchgear Services Ltd (Registered number: 09198181)

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

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

M R Clegg
Balance outstanding at start of year - -
Amounts advanced 56,736 32,948
Amounts repaid (56,736 ) (32,948 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

D Tomlisson
Balance outstanding at start of year - -
Amounts advanced 44,266 21,472
Amounts repaid (44,266 ) (21,472 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

The loans were repayable on demand and interest has been charged at the HMRC official rate.