REGISTERED NUMBER: 02787549 (England and Wales)

Financial Statements

for the Year Ended 31 March 2025

for

LYTESTREAM ELECTRICAL ENGINEERS &

CONTRACTORS LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

Directors:

J G Tully

E T Tully

J Tully

Secretary:

J Tully

Registered office:

Chesnut House

Chesnut Street

Darlington

Co. Durham

DL1 1QL

Registered number:

02787549 (England and Wales)

Senior statutory auditor:

Lee Harris BSc (Hons), FCCA

Auditors:

Mitchell Gordon LLP

Accountants and Statutory Auditor

43 Coniscliffe Road

Darlington

Co. Durham

DL3 7EH

Fixed assets

Tangible assets

4

190,244

272,289

Investments

5

95,729

97,390

285,973

369,679

Current assets

Stocks

11,038

12,053

Debtors

397,023

869,314

Cash at bank

2,097,153

1,336,717

2,505,214

2,218,084

Creditors

Amounts falling due within one year

451,202

497,077

Net current assets

2,054,012

1,721,007

Total assets less current liabilities

2,339,985

2,090,686

Creditors

Amounts falling due after more than one year

(101,905

)

(2,912

)

Provisions for liabilities

(37,547

)

(18,754

)

Net assets

2,200,533

2,069,020

Capital and reserves

Called up share capital

10,000

10,000

Revaluation reserve

7

2,060

7,117

Retained earnings

2,188,473

2,051,903

Shareholders' funds

2,200,533

2,069,020

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 15 December 2025 and were signed on its behalf by:

J G Tully - Director

1.	STATUTORY INFORMATION

Lytestream Electrical Engineers & Contractors 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 as modified by the revaluation of certain assets.

The financial statements have been prepared under the going concern basis of accounting as the directors have a reasonable expectation that the company will remain in business for the foreseeable future.

Turnover

Turnover represents the value of work carried out during the year including amounts not yet invoiced, excluding value added tax. Income is being recognised according to the stage of completion of work done.

Tangible fixed assets

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

Improvements to property

-

10% on cost

Fixtures and fittings

-

33% on cost and 25% on cost

Motor vehicles

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Fixed asset investments

Fixed asset investments are revalued at the end of each accounting period to their market value and all movements transferred to the revaluation reserve. Any permanent change in value is transferred to the profit and loss reserve.

Grants received

Capital grants receivable are released to the profit and loss account over the useful economic life of the underlying asset.

Revenue grants receivable are released to the profit and loss account when the corresponding expense has been incurred.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2024 - 21 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

487,152

Disposals

(117,193

)

At 31 March 2025

369,959

DEPRECIATION

At 1 April 2024

214,863

Charge for year

61,461

Eliminated on disposal

(96,609

)

At 31 March 2025

179,715

NET BOOK VALUE

At 31 March 2025

190,244

At 31 March 2024

272,289

5.	FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:

31/3/25

31/3/24

£

£

Managed funds

95,729

97,390

6.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31/3/25

31/3/24

£

£

Within one year

461

400

Between one and five years

1,844

700

In more than five years

346

-

2,651

1,100

7.

RESERVES

Revaluation

reserve

£

At 1 April 2024

7,117

Revaluation of investments

(5,057

)

At 31 March 2025

2,060

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Lee Harris BSc (Hons), FCCA (Senior Statutory Auditor)

for and on behalf of Mitchell Gordon LLP