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Registered number: 08671065
Leeds Electrical Distribution Ltd
Unaudited Financial Statements
For The Year Ended 30 September 2024
Sense of Numbers Ltd
HQ Pudsey, Radley House
Richardshaw Road
Pudsey
West Yorkshire
LS28 6LE
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 08671065
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 153,740 29,772
153,740 29,772
CURRENT ASSETS
Stocks 5 53,482 39,427
Debtors 6 138,155 170,605
Cash at bank and in hand 352,658 364,905
544,295 574,937
Creditors: Amounts Falling Due Within One Year 7 (231,264 ) (182,421 )
NET CURRENT ASSETS (LIABILITIES) 313,031 392,516
TOTAL ASSETS LESS CURRENT LIABILITIES 466,771 422,288
NET ASSETS 466,771 422,288
CAPITAL AND RESERVES
Called up share capital 8 3 3
Profit and Loss Account 466,768 422,285
SHAREHOLDERS' FUNDS 466,771 422,288
For the year ending 30 September 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 Christian Cooper
Director
26th June 2025
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Leeds Electrical Distribution Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08671065 . The registered office is Unit 561 West Leeds Business Park, Stanningley Road, Leeds, West Yorkshire, LS13 4EN.
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. Turnover
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. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. 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:
Freehold 10%
Plant & Machinery 15%
Motor Vehicles 25%
Fixtures & Fittings 15%
Computer Equipment 30%
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
...CONTINUED
Page 2
Page 3
2.5. Taxation - continued
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 4)
4 4
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 October 2023 - 4,208 56,410 5,345
Additions 135,943 - 20,481 -
Disposals - - (6,875 ) -
As at 30 September 2024 135,943 4,208 70,016 5,345
Depreciation
As at 1 October 2023 - 1,652 32,631 2,063
Provided during the period 13,594 384 11,065 492
As at 30 September 2024 13,594 2,036 43,696 2,555
Net Book Value
As at 30 September 2024 122,349 2,172 26,320 2,790
As at 1 October 2023 - 2,556 23,779 3,282
Computer Equipment Total
£ £
Cost
As at 1 October 2023 448 66,411
Additions - 156,424
Disposals - (6,875 )
As at 30 September 2024 448 215,960
Depreciation
As at 1 October 2023 293 36,639
Provided during the period 46 25,581
As at 30 September 2024 339 62,220
Net Book Value
As at 30 September 2024 109 153,740
As at 1 October 2023 155 29,772
5. Stocks
2024 2023
£ £
Materials 53,482 39,427
Page 3
Page 4
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 138,155 170,605
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 160,191 157,272
Corporation tax 18,290 17,026
Other taxes and social security 858 869
VAT 10,930 6,259
Accruals and deferred income 40,995 995
231,264 182,421
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 3 3
Page 4