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REGISTERED NUMBER: 09602850 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

LED PANEL STORE LIMITED

LED PANEL STORE LIMITED (REGISTERED NUMBER: 09602850)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 5


LED PANEL STORE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTORS: J D Segal
M D Edgar
Miss D S Welburn





REGISTERED OFFICE: 57 Spyvee Street
Hull
E. Yorks
HU8 7JJ





REGISTERED NUMBER: 09602850 (England and Wales)





ACCOUNTANTS: Majors Limited
57 Spyvee Street
Hull
E. Yorks
HU8 7JJ

LED PANEL STORE LIMITED (REGISTERED NUMBER: 09602850)

BALANCE SHEET
31 OCTOBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 744,821 757,353

CURRENT ASSETS
Debtors 5 62,399 95,442

CREDITORS
Amounts falling due within one year 6 103,156 87,815
NET CURRENT (LIABILITIES)/ASSETS (40,757 ) 7,627
TOTAL ASSETS LESS CURRENT
LIABILITIES

704,064

764,980

CREDITORS
Amounts falling due after more than
one year

7

(305,808

)

(425,738

)

PROVISIONS FOR LIABILITIES (2,089 ) (5,222 )
NET ASSETS 396,167 334,020

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 396,067 333,920
SHAREHOLDERS' FUNDS 396,167 334,020

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

LED PANEL STORE LIMITED (REGISTERED NUMBER: 09602850)

BALANCE SHEET - continued
31 OCTOBER 2024


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 Board of Directors and authorised for issue on 31 July 2025 and were signed on its behalf by:





J D Segal - Director


LED PANEL STORE LIMITED (REGISTERED NUMBER: 09602850)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1. STATUTORY INFORMATION

LED Panel Store 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - NIL ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 November 2023
and 31 October 2024 736,465 62,664 799,129
DEPRECIATION
At 1 November 2023 - 41,776 41,776
Charge for year - 12,532 12,532
At 31 October 2024 - 54,308 54,308
NET BOOK VALUE
At 31 October 2024 736,465 8,356 744,821
At 31 October 2023 736,465 20,888 757,353

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 12,399 -
Other debtors - 48,667
VAT - 2,525
Prepayments and accrued income 50,000 44,250
62,399 95,442

LED PANEL STORE LIMITED (REGISTERED NUMBER: 09602850)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 29,476 71,311
Trade creditors 7,849 7,230
Tax 23,245 7,924
Social security and other taxes 606 -
VAT 8,117 -
Other creditors 32,513 -
Accrued expenses 1,350 1,350
103,156 87,815

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 31,876 71,311
Bank loans - 2-5 years 102,829 92,820
Bank loans more 5 yr by instal 171,103 261,607
305,808 425,738

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 171,103 261,607

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 335,284 497,049

the bank loans are secured with a floating charge over all the assets of the company.