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LOUELLIS ELECTRICAL CONTRACTORS LTD

Registered Number
11990454
(England and Wales)

Unaudited Financial Statements for the Year ended
31 May 2025

LOUELLIS ELECTRICAL CONTRACTORS LTD
Company Information
for the year from 1 June 2024 to 31 May 2025

Director

SMITH, Matthew Steven

Registered Address

11a Kimberley Park Road
Falmouth
TR11 2DA

Registered Number

11990454 (England and Wales)
LOUELLIS ELECTRICAL CONTRACTORS LTD
Balance Sheet as at
31 May 2025

Notes

2025

2024

£

£

£

£

Fixed assets
Tangible assets310,317565
10,317565
Current assets
Debtors49,8491,948
Cash at bank and on hand2086,349
10,0578,297
Creditors amounts falling due within one year5(14,161)(4,811)
Net current assets (liabilities)(4,104)3,486
Total assets less current liabilities6,2134,051
Provisions for liabilities6(1,960)(107)
Net assets4,2533,944
Capital and reserves
Called up share capital11
Profit and loss account4,2523,943
Shareholders' funds4,2533,944
The financial statements were approved and authorised for issue by the Director on 17 June 2025, and are signed on its behalf by:
SMITH, Matthew Steven
Director
Registered Company No. 11990454
LOUELLIS ELECTRICAL CONTRACTORS LTD
Notes to the Financial Statements
for the year ended 31 May 2025

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)
Plant and machinery20
Vehicles10
Office Equipment20
2.Average number of employees

20252024
Average number of employees during the year11
3.Tangible fixed assets

Plant & machinery

Vehicles

Office Equipment

Total

££££
Cost or valuation
At 01 June 24736-3511,087
Additions13010,845-10,975
At 31 May 2586610,84535112,062
Depreciation and impairment
At 01 June 24396-126522
Charge for year941,084451,223
At 31 May 254901,0841711,745
Net book value
At 31 May 253769,76118010,317
At 31 May 24340-225565
4.Debtors: amounts due within one year

2025

2024

££
Other debtors9,8491,948
Total9,8491,948
5.Creditors: amounts due within one year

2025

2024

££
Trade creditors / trade payables581
Taxation and social security1,5043,856
Other creditors12,000427
Accrued liabilities and deferred income599527
Total14,1614,811
6.Provisions for liabilities

2025

2024

££
Net deferred tax liability (asset)1,960107
Total1,960107