Registered number
12998325
LR Electrical Services Ltd
Filleted Accounts
31 March 2025
LR Electrical Services Ltd
Registered number: 12998325
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Intangible assets 3 - 2,500
Tangible assets 4 - 4,475
- 6,975
Current assets
Debtors 5 7,028 2,563
Cash at bank and in hand 14,683 5,888
21,711 8,451
Creditors: amounts falling due within one year 6 (10,105) (9,850)
Net current assets/(liabilities) 11,606 (1,399)
Total assets less current liabilities 11,606 5,576
Creditors: amounts falling due after more than one year 7 (11,461) (15,058)
Net assets/(liabilities) 145 (9,482)
Capital and reserves
Called up share capital 100 100
Profit and loss account 45 (9,582)
Shareholder's funds 145 (9,482)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
L Robinson
Director
Approved by the board on 31 August 2025
LR Electrical Services Ltd
Notes to the Accounts
for the year ended 31 March 2025
1 Accounting policies
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
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor vehicles over 4 years
Office equipment over 4 years
Tools & equipment over 4 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 1 1
3 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2024 10,000
At 31 March 2025 10,000
Amortisation
At 1 April 2024 7,500
Provided during the year 2,500
At 31 March 2025 10,000
Net book value
At 31 March 2025 -
At 31 March 2024 2,500
Goodwill is being written off in equal annual instalments over its estimated economic life of 4 years.
4 Tangible fixed assets
Motor vehicles Office equipment Tools & equipment Total
£ £ £ £
Cost
At 1 April 2024 13,200 807 3,895 17,902
At 31 March 2025 13,200 807 3,895 17,902
Depreciation
At 1 April 2024 9,900 605 2,922 13,427
Charge for the year 3,300 202 973 4,475
At 31 March 2025 13,200 807 3,895 17,902
Net book value
At 31 March 2025 - - - -
At 31 March 2024 3,300 202 973 4,475
5 Debtors 2025 2024
£ £
Trade debtors 3,440 532
Other debtors 3,588 2,031
7,028 2,563
6 Creditors: amounts falling due within one year 2025 2024
£ £
Trade creditors 2,803 8,950
Taxation and social security costs 6,402 -
Other creditors 900 900
10,105 9,850
7 Creditors: amounts falling due after one year 2025 2024
£ £
Directors loan account 11,461 15,058
8 Controlling party
The company is controlled by the director.
9 Other information
LR Electrical Services Ltd is a private company limited by shares and incorporated in England. Its registered office is:
1 Roel Cottages
Guiting Power
Cheltenham
Glos
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