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Company Registration No. 2222753 (England and Wales)
Lindop Electrical Limited Unaudited accounts for the year ended 31 March 2025
Lindop Electrical Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Lindop Electrical Limited Company Information for the year ended 31 March 2025
Directors
Mr PA Lindop Mrs MA Lindop Mr SA Lindop Mr AP Lindop
Secretary
Mr PA Lindop
Company Number
2222753 (England and Wales)
Registered Office
10 Parkway Trentham Stoke on Trent Staffordshire ST4 8AG
Accountants
Thursfields Accountancy Limited Business Lodge, Trent House 234 Victoria Road Stoke-on-Trent Staffordshire ST4 2LW
- 3 -
Lindop Electrical Limited Statement of financial position as at 31 March 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
114,784
152,382
Current assets
Inventories
5
10,000
4,000
Debtors
6
133,980
62,052
Cash at bank and in hand
173,062
249,996
317,042
316,048
Creditors: amounts falling due within one year
7
(96,093)
(100,588)
Net current assets
220,949
215,460
Total assets less current liabilities
335,733
367,842
Creditors: amounts falling due after more than one year
8
(11,164)
(30,017)
Provisions for liabilities
Deferred tax
(27,380)
(36,976)
Net assets
297,189
300,849
Capital and reserves
Called up share capital
9
9,673
9,673
Profit and loss account
287,516
291,176
Shareholders' funds
297,189
300,849
For the year ending 31 March 2025 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 12 September 2025 and were signed on its behalf by
Mr PA Lindop Director Company Registration No. 2222753
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Lindop Electrical Limited Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
Lindop Electrical Limited is a private company, limited by shares, registered in England and Wales, registration number 2222753. The registered office is 10 Parkway , Trentham , Stoke on Trent , Staffordshire , ST4 8AG.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
15 Years Straight Line
Plant & machinery
10% Reducing Balance
Motor vehicles
25% Reducing Balance
Computer equipment
25% Straight Line
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
- 5 -
Lindop Electrical Limited Notes to the Accounts for the year ended 31 March 2025
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 April 2024
7,559
185,829
1,598
194,986
Additions
-
-
333
333
At 31 March 2025
7,559
185,829
1,931
195,319
Depreciation
At 1 April 2024
4,657
36,956
991
42,604
Charge for the year
290
37,218
423
37,931
At 31 March 2025
4,947
74,174
1,414
80,535
Net book value
At 31 March 2025
2,612
111,655
517
114,784
At 31 March 2024
2,902
148,873
607
152,382
2025
2024
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Motor vehicles
75,673
100,898
5
Inventories
2025
2024
£
£
Work in progress
2,000
-
Finished goods
8,000
4,000
10,000
4,000
6
Debtors
2025
2024
£
£
Amounts falling due within one year
VAT
4,458
3,450
Trade debtors
119,109
45,389
Accrued income and prepayments
10,413
13,213
133,980
62,052
- 6 -
Lindop Electrical Limited Notes to the Accounts for the year ended 31 March 2025
7
Creditors: amounts falling due within one year
2025
2024
£
£
Obligations under finance leases and hire purchase contracts
18,853
18,853
Trade creditors
37,820
28,902
Taxes and social security
34,236
41,972
Other creditors
2,327
8,469
Loans from directors
477
327
Accruals
2,380
2,065
96,093
100,588
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Obligations under finance leases and hire purchase contracts
11,164
30,017
9
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
9,673 Ordinary shares of £1 each
9,673
9,673
10
Average number of employees
During the year the average number of employees was 11 (2024: 9).
- 7 -