REGISTERED NUMBER: 04300102 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Long Eaton Appliance Co Ltd

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

767,533

757,317

Investments

6

194,984

186,833

962,517

944,150

CURRENT ASSETS

Stocks

1,017,530

966,281

Debtors

7

537,311

404,806

Cash at bank and in hand

164,405

364,950

1,719,246

1,736,037

CREDITORS

Amounts falling due within one year

8

568,921

484,522

NET CURRENT ASSETS

1,150,325

1,251,515

TOTAL ASSETS LESS CURRENT LIABILITIES

2,112,842

2,195,665

CREDITORS

Amounts falling due after more than one year

9

-

(56,967

)

PROVISIONS FOR LIABILITIES

(11,243

)

(11,243

)

NET ASSETS

2,101,599

2,127,455

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

2,100,599

2,126,455

SHAREHOLDERS' FUNDS

2,101,599

2,127,455

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 22 December 2025 and were signed on its behalf by:

D M Rowland - Director

1.	STATUTORY INFORMATION

Long Eaton Appliance Co Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

04300102

Registered office:

Unit 1 Acton Avenue

Fields Farm Road

Long Eaton

Nottingham

Nottinghamshire

NG10 1GA

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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2001, is being amortised evenly over its estimated useful life of ten years.

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.

Tangible fixed assets

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

Plant and machinery etc

-

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.

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 20 (2024 - 20 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

100,000

AMORTISATION

At 1 April 2024

and 31 March 2025

100,000

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2024

662,747

286,046

948,793

Additions

-

45,223

45,223

At 31 March 2025

662,747

331,269

994,016

DEPRECIATION

At 1 April 2024

-

191,476

191,476

Charge for year

-

35,007

35,007

At 31 March 2025

-

226,483

226,483

NET BOOK VALUE

At 31 March 2025

662,747

104,786

767,533

At 31 March 2024

662,747

94,570

757,317

6.	FIXED ASSET INVESTMENTS

Other

investmen

£

COST

At 1 April 2024

186,833

Additions

8,151

At 31 March 2025

194,984

NET BOOK VALUE

At 31 March 2025

194,984

At 31 March 2024

186,833

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

523,366

397,059

Other debtors

13,945

7,747

537,311

404,806

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

97,532

100,534

Trade creditors

352,194

193,130

Taxation and social security

84,381

127,148

Other creditors

34,814

63,710

568,921

484,522

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

-

56,967

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Bank loans

97,532

157,501

The bank loan is secured on the company's freehold property and is repayable by equal instalments over 10 years commencing February 2009. Interest is charged at 2% over base rate.This loan was repaid during the year.

A further loan of £100,000 is similarly secured and is repayable by equal instalments over 5 years commencing January 2017. Interest is charged at 3.7% over base rate.

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

£

D M Rowland and Mrs P J Rowland

Balance outstanding at start of year

(25,296

)

74,185

Amounts advanced

25,296

258,887

Amounts repaid

-

(358,368

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

(25,296

)