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Registered number: 12817257
London Electrical Contracting Ltd
Unaudited Financial Statements
For The Year Ended 31 August 2024
THB LLP
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 12817257
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 23,971 4,224
23,971 4,224
CURRENT ASSETS
Debtors 5 285,583 53,701
Cash at bank and in hand 91,442 5,057
377,025 58,758
Creditors: Amounts Falling Due Within One Year 6 (364,249 ) (62,192 )
NET CURRENT ASSETS (LIABILITIES) 12,776 (3,434 )
TOTAL ASSETS LESS CURRENT LIABILITIES 36,747 790
PROVISIONS FOR LIABILITIES
Deferred Taxation (233 ) (233 )
NET ASSETS 36,514 557
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 36,414 457
SHAREHOLDERS' FUNDS 36,514 557
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 Desmond O'Flynn
Director
11/08/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
London Electrical Contracting Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12817257 . The registered office is 1 & 2 Studley Court Mews Studley Court, Guildford Road, Chobham, GU24 8EB.
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.
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:
Plant & Machinery 20% Reducing Balance
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 25% Reducing Balance
Computer Equipment 25% Reducing Balance
2.4. 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.
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: 5 (2023: 3)
5 3
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 September 2023 3,750 2,600 - 304 6,654
Additions 418 24,000 594 2,498 27,510
As at 31 August 2024 4,168 26,600 594 2,802 34,164
Depreciation
As at 1 September 2023 750 1,504 - 176 2,430
Provided during the period 684 6,274 148 657 7,763
As at 31 August 2024 1,434 7,778 148 833 10,193
Net Book Value
As at 31 August 2024 2,734 18,822 446 1,969 23,971
As at 1 September 2023 3,000 1,096 - 128 4,224
Page 2
Page 3
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 117,672 19,029
Other debtors 22,500 34,672
S455 recoverable 26,325 -
VAT 31,881 -
Net wages 5,989 -
Directors' loan accounts 81,216 -
285,583 53,701
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 50,102 4,773
Bank loans and overdrafts 2,754 -
Corporation tax 50,330 6,869
Other taxes and social security 12,679 3,366
CIS Liability 149,050 -
S455 payable 26,325 -
Accruals and deferred income 73,009 17,432
Directors' loan accounts - 29,752
364,249 62,192
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
8. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 September 2023 Amounts advanced Amounts repaid Amounts written off As at 31 August 2024
£ £ £ £ £
Mr Desmond O'Flynn (29,752 ) 213,043 102,074 - 81,216
The above loan is unsecured, interest free and repayable on demand.
9. Reserves
Retained
Earnings
£     
As at 1 September 2023
457 
Profit for the year
135,957 
Dividends
(100,000)
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As at 31 August 2024
36,414 
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