LS Electronics Group Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 04473417

LS ELECTRONICS GROUP LIMITED

Filleted Unaudited Financial Statements

31 July 2025

LS ELECTRONICS GROUP LIMITED

Statement of Financial Position

31 July 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	6		49,238	56,110

Current assets

Stocks		337,561	342,511
Debtors	7	496,224	302,637
Cash at bank and in hand		101,558	182,334
		---------	---------
		935,343	827,482

Creditors: amounts falling due within one year	8	385,153		368,506
		---------		---------
Net current assets			550,190	458,976
			---------	---------
Total assets less current liabilities			599,428	515,086

Creditors: amounts falling due after more than one year	9	33,333	83,333
		---------	---------
Net assets		566,095	431,753
		---------	---------

Capital and reserves

Called up share capital	2	2
Profit and loss account	566,093	431,751
	---------	---------
Shareholders funds	566,095	431,753
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31st July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

LS ELECTRONICS GROUP LIMITED

Statement of Financial Position (continued)

31 July 2025

These financial statements were approved by the board of directors and authorised for issue on 30 September 2025 , and are signed on behalf of the board by:

T D Lomax
Director

Company registration number: 04473417

LS ELECTRONICS GROUP LIMITED

Notes to the Financial Statements

Year ended 31st July 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Meadowbank Court, Eastwood, NOTTINGHAM, NG16 3SL.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

The company has taken advantage of exemption in Financial Reporting Standard No.1 from the requirement to produce a cash flow statement on the grounds that it is a small company.

In the opinion of the directors, the company and its subsidiary undertakings comprise a small group. The company has therefore taken advantage of the exemption provided by Section 248 of the Companies Act 1985 not to produce group accounts.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Leasehold property	-	33% straight line
Fixtures and fittings	-	15% reducing balance
Equipment	-	15% reducing balance

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 24 (2024: 24 ).

5. Intangible assets

	Development costs
	£
Cost
At 1st August 2024 and 31st July 2025	2,614
	-------
Amortisation
At 1st August 2024 and 31st July 2025	2,614
	-------
Carrying amount
At 31st July 2025	–
	-------
At 31st July 2024	–
	-------

6. Tangible assets

	Land and buildings	Fixtures and fittings	Equipment	Total
	£	£	£	£
Cost
At 1st August 2024	14,940	54,154	130,352	199,446
Additions	–	584	1,232	1,816
	--------	--------	---------	---------
At 31st July 2025	14,940	54,738	131,584	201,262
	--------	--------	---------	---------
Depreciation
At 1st August 2024	14,940	46,154	82,242	143,336
Charge for the year	–	1,287	7,401	8,688
	--------	--------	---------	---------
At 31st July 2025	14,940	47,441	89,643	152,024
	--------	--------	---------	---------
Carrying amount
At 31st July 2025	–	7,297	41,941	49,238
	--------	--------	---------	---------
At 31st July 2024	–	8,000	48,110	56,110
	--------	--------	---------	---------

7. Debtors

	2025	2024
	£	£
Trade debtors	493,812	300,225
Other debtors	2,412	2,412
	---------	---------
	496,224	302,637
	---------	---------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	50,900	50,321
Trade creditors	161,142	173,883
Corporation tax	83,406	83,246
Social security and other taxes	72,069	49,066
Other creditors	17,636	11,990
	---------	---------
	385,153	368,506
	---------	---------

9. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	33,333	83,333
	--------	--------

10. Charges on assets

Included in trade creditors due within one year are secured liabilities of £83,333 (2024: £133,333).

11. Director's advances, credits and guarantees

During the year the Director, used a current account to record amounts due to him and drawn by him. The amount owed by the company at the end of the year was £8,241(2024: £4,494).