REGISTERED NUMBER: 02451475 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 June 2025

for

Lenson Select (U.K.) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S Griffiths

REGISTERED OFFICE:

Brandon Way

West Bromwich

West Midlands

B70 8JA

REGISTERED NUMBER:

02451475 (England and Wales)

ACCOUNTANTS:

James, Stanley & Co. Limited

1,733 Coventry Road

South Yardley

Birmingham

West Midlands

B26 1DT

FIXED ASSETS

Intangible assets

5

24,840

-

Property, plant and equipment

6

137,737

145,381

162,577

145,381

CURRENT ASSETS

Inventories

7

105,056

108,507

Debtors

8

368,373

240,303

Cash at bank and in hand

459,861

386,921

933,290

735,731

CREDITORS

Amounts falling due within one year

9

467,390

293,239

NET CURRENT ASSETS

465,900

442,492

TOTAL ASSETS LESS CURRENT LIABILITIES

628,477

587,873

CREDITORS

Amounts falling due after more than one year

10

(34,251

)

(67,141

)

PROVISIONS FOR LIABILITIES

(14,054

)

(15,957

)

NET ASSETS

580,172

504,775

CAPITAL AND RESERVES

Called up share capital

13

100

100

Retained earnings

580,072

504,675

SHAREHOLDERS' FUNDS

580,172

504,775

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 21 November 2025 and were signed by:

S Griffiths - Director

1.	STATUTORY INFORMATION

Lenson Select (U.K.) 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.	STATEMENT OF COMPLIANCE

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. There were no material departures from that standard.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net invoiced sales of goods and services provided, excluding value added tax.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

10% on reducing balance

Fixtures and fittings

-

10% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Inventories 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Loans from directors

As a small entity the company measures a basic financial liability that are loans from directors at transaction price.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 6 ) .

5.	INTANGIBLE FIXED ASSETS

Website

£

COST

Additions

31,050

At 30 June 2025

31,050

AMORTISATION

Amortisation for year

6,210

At 30 June 2025

6,210

NET BOOK VALUE

At 30 June 2025

24,840

6.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 July 2024

7,551

20,352

229,767

257,670

Additions

21,615

7,646

-

29,261

Disposals

-

(80

)

-

(80

)

At 30 June 2025

29,166

27,918

229,767

286,851

DEPRECIATION

At 1 July 2024

824

11,131

100,334

112,289

Charge for year

2,834

1,681

32,359

36,874

Eliminated on disposal

-

(49

)

-

(49

)

At 30 June 2025

3,658

12,763

132,693

149,114

NET BOOK VALUE

At 30 June 2025

25,508

15,155

97,074

137,737

At 30 June 2024

6,727

9,221

129,433

145,381

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 July 2024

and 30 June 2025

166,660

DEPRECIATION

At 1 July 2024

52,104

Charge for year

28,639

At 30 June 2025

80,743

NET BOOK VALUE

At 30 June 2025

85,917

At 30 June 2024

114,556

7.	INVENTORIES

30.6.25

30.6.24

£

£

Stocks

105,056

108,507

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

£

Trade debtors

355,857

226,871

Other debtors

64

3,025

Directors' current accounts

1,743

-

Prepayments and accrued income

10,709

10,407

368,373

240,303

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

£

Hire purchase contracts (see note 11)

32,890

29,920

Trade creditors

324,080

165,810

Amounts owed to group undertakings

2,954

971

Tax

55,495

49,634

Social security and other taxes

46,569

36,384

Other creditors

260

394

Directors' current accounts

-

2

Accruals and deferred income

5,142

10,124

467,390

293,239

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.6.25

30.6.24

£

£

Hire purchase contracts (see note 11)

34,251

67,141

11.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

30.6.25

30.6.24

£

£

Net obligations repayable:

Within one year

32,890

29,920

Between one and five years

34,251

67,141

67,141

97,061

Future minimum lease payments under non-cancellable operating leases fall due totalling £141,750 (2024 - £162,750).

12.	SECURED DEBTS

The following secured debts are included within creditors:

30.6.25

30.6.24

£

£

Hire purchase contracts

67,141

97,061

Obligations under finance leases and hire purchase contracts are secured by the related lease assets.

There is a charge over all the issued share capital of Lenson Select (UK) Limited dated 10 June 2022 in favour of Mr. and Mrs. Crofts.

13.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.25

30.6.24

value:

£

£

100

Ordinary

£1

100

100

14.	CAPITAL COMMITMENTS

30.6.25

30.6.24

£

£

Contracted but not provided for in the

financial statements

-

-

15.	RELATED PARTY DISCLOSURES

Loans from key management personnel are unsecured and interest free with no specific repayment terms.

The balance with the holding company is unsecured and interest free with no specific repayment terms.

16.	PARENT COMPANY

The company's parent company is Griffiths Electrical Distributors Limited whose principal place of business is Brandon Way, West Bromwich, West Midlands B70 8JA.