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REGISTERED NUMBER: 08645927 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 March 2025

for

LJM Electrical Limited

LJM Electrical Limited (Registered number: 08645927)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LJM Electrical Limited

Company Information
for the Year Ended 31 March 2025







DIRECTOR: L J Mills





REGISTERED OFFICE: Boston House
Henley-on-Thames
RG9 1DY





REGISTERED NUMBER: 08645927 (England and Wales)





ACCOUNTANTS: Villars Hayward LLP
Chartered Accountants,
Chartered Tax Advisers and Registered Auditors
Boston House
Henley-on-Thames
RG9 1DY

LJM Electrical Limited (Registered number: 08645927)

Balance Sheet
31 March 2025

31.3.25 31.3.24
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 216,373 238,733

CURRENT ASSETS
Stocks 103,327 91,587
Debtors 5 282,947 224,115
Cash at bank and in hand 12,139 73,039
398,413 388,741
CREDITORS
Amounts falling due within one year 6 302,315 276,188
NET CURRENT ASSETS 96,098 112,553
TOTAL ASSETS LESS CURRENT LIABILITIES 312,471 351,286

CREDITORS
Amounts falling due after more than one year 7 (90,439 ) (136,283 )

PROVISIONS FOR LIABILITIES (45,439 ) (49,033 )
NET ASSETS 176,593 165,970

CAPITAL AND RESERVES
Called up share capital 51 51
Revaluation reserve 71,217 75,322
Capital redemption reserve 50 50
Retained earnings 105,275 90,547
SHAREHOLDERS' FUNDS 176,593 165,970

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

LJM Electrical Limited (Registered number: 08645927)

Balance Sheet - continued
31 March 2025


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 June 2025 and were signed by:





L J Mills - Director


LJM Electrical Limited (Registered number: 08645927)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

LJM 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.

The presentation currency of the financial statements is the Pound Sterling (£).


The principal activity of the company in the year under review was that of electrical services.

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 as modified by the revaluation of certain assets.

Turnover
Revenue (described as Turnover) is the amount receivable for services rendered, net of returns, discounts and value added tax. Revenue is measured at the fair value of consideration received or receivable and is recognised at the point the service is delivered.

Tangible fixed assets
Tangible fixed asses held for the companies own use are stated at cost less accumulated depreciation and accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives as below. Assets held under finance leases are depreciated in the same manner as owned assets:

Computer equipment- 20% Straight line
Motor vehicles - 15% Reducing balance
Office- 15% Reducing balance

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss, if any.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Cost includes the purchase price, including any taxes, duties, transport, and handling directly attributable to bringing the stock to its present location and condition. Net realisable value is based on the estimated selling price less any estimated selling costs.

When stocks are sold, the carrying amount of these stocks is recognised as an expense in the period in which the related revenue is recognised.

At the end of each reporting period stocks are assessed for impairment. If an item of stock is impaired, the identified stock item is reduced to its selling price less costs to sell and an impairment charge is recognised in the profit and loss account. Where a reversal of the impairment is required the impairment charge is reversed, up to the original impairment loss, and is recognised as a credit in the profit and loss account.

Taxation
Tax on profit 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 the profit as reported in the profit and loss account 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 year.


LJM Electrical Limited (Registered number: 08645927)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership of the leased asset to the company. All other leases are classified as operating leases.

Assets held under finance leases are recognised initially at the fair value of the leased asset at the inception of the lease. The corresponding liability to the lessor is recognised within finance lease obligations. Lease payments are apportioned between finance charges and reduction of the lease obligation using the effective interest method so as to achieve a constant rate of interest on the remaining balance of the liability. Finance charges are charged to profit or loss.

Assets held under finance leases and hire purchase contracts are included in tangible assets and depreciated and assessed for impairment losses in accordance with the stated policy for tangible assets.

Leases that do not transfer all the risks and regards of ownership are classified as operating leases. Payments under operating leases are charged to the profit and loss account 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. The assets of the scheme are held separately from those of the company in an independent administered fund.

Financial assets and liabilities
Trade and other debtors are initially recognised at transaction price and are subsequently remeasured to amortised cost using the effective interest method, less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. Bank overdrafts, when applicable, are shown within current liabilities.

Trade and other creditors are initially recognised at transaction price and are subsequently remeasured to amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.

Loans payable are measured initially at fair value, net of transaction costs, and non-current loans payable are subsequently remeasured to amortised cost using the effective interest method, less any impairment.

Going concern
The accounts have been prepared on the assumption that the company is able to carry on business as a going concern which the directors consider appropriate having regard to the circumstances outlined in the notes to the accounts.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2024 - 14 ) .

LJM Electrical Limited (Registered number: 08645927)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
Office fittings vehicles equipment Totals
£    £    £    £    £   
COST OR VALUATION
At 1 April 2024 13,999 279 360,491 10,184 384,953
Additions - - 31,406 - 31,406
Disposals - - (42,561 ) - (42,561 )
At 31 March 2025 13,999 279 349,336 10,184 373,798
DEPRECIATION
At 1 April 2024 350 279 138,483 7,108 146,220
Charge for year 853 - 33,302 1,278 35,433
Eliminated on disposal - - (24,228 ) - (24,228 )
At 31 March 2025 1,203 279 147,557 8,386 157,425
NET BOOK VALUE
At 31 March 2025 12,796 - 201,779 1,798 216,373
At 31 March 2024 13,649 - 222,008 3,076 238,733

Cost or valuation at 31 March 2025 is represented by:

Plant and
machinery
etc
£   
Valuation in 2022 49,259
Valuation in 2023 35,915
Cost 288,624
373,798

LJM Electrical Limited (Registered number: 08645927)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under finance leases are as follows:
Motor
vehicles
£   
COST OR VALUATION
At 1 April 2024 339,621
Additions 31,406
Disposals (42,561 )
At 31 March 2025 328,466
DEPRECIATION
At 1 April 2024 119,091
Charge for year 33,080
Eliminated on disposal (24,228 )
At 31 March 2025 127,943
NET BOOK VALUE
At 31 March 2025 200,523
At 31 March 2024 220,530

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade debtors 213,142 163,720
Other debtors 69,805 60,395
282,947 224,115

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Bank loans and overdrafts 10,286 8,874
Finance leases 64,895 44,817
Trade creditors 57,968 65,490
Taxation and social security 106,189 97,949
Other creditors 62,977 59,058
302,315 276,188

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.25 31.3.24
£    £   
Bank loans 4,799 15,972
Finance leases 85,640 120,311
90,439 136,283

LJM Electrical Limited (Registered number: 08645927)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25 31.3.24
£    £   
L J Mills
Balance outstanding at start of year 11,533 10,033
Amounts advanced - 1,500
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 11,533 11,533