REGISTERED NUMBER: 04218919

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

LAFERT ELECTRIC MOTORS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

N P Evenett

B Bannister

D Bravin

SECRETARY:

REGISTERED OFFICE:

Unit 17

Orion Way

Crewe

Cheshire

CW1 6NG

REGISTERED NUMBER:

04218919

ACCOUNTANTS:

Lapin Associates Limited

92 Nore Road

Portishead

Bristol

BS208DX

FIXED ASSETS

Tangible assets

4

33,520

34,219

CURRENT ASSETS

Stocks

587,649

857,592

Debtors

5

749,013

479,663

Cash at bank and in hand

112,922

182,955

1,449,584

1,520,210

CREDITORS

Amounts falling due within one year

6

221,644

195,635

NET CURRENT ASSETS

1,227,940

1,324,575

TOTAL ASSETS LESS CURRENT LIABILITIES

1,261,460

1,358,794

CREDITORS

Amounts falling due after more than one year

7

377,040

463,626

NET ASSETS

884,420

895,168

CAPITAL AND RESERVES

Called up share capital

60,000

60,000

Retained earnings

824,420

835,168

SHAREHOLDERS' FUNDS

884,420

895,168

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

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

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 7 February 2025 and were signed on its behalf by:

B Bannister - Director

1.	STATUTORY INFORMATION

Lafert Electric Motors Limited is a private company, limited by shares , registered in Not specified/Other. 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks

Stocks and work in progress are valued on an average basis, after making due allowances for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred trecognized recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

146,786

Additions

4,184

Disposals

(3,879

)

At 31 December 2024

147,091

DEPRECIATION

At 1 January 2024

112,567

Charge for year

4,548

Eliminated on disposal

(3,544

)

At 31 December 2024

113,571

NET BOOK VALUE

At 31 December 2024

33,520

At 31 December 2023

34,219

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

710,714

416,701

Other debtors

38,299

62,962

749,013

479,663

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

27,662

24,328

Taxation and social security

193,982

159,178

Other creditors

-

12,129

221,644

195,635

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Other creditors

377,040

463,626