REGISTERED NUMBER: 05147123 (England and Wales)

L G Electrical Services Limited

Unaudited Financial Statements for the Year Ended 31 March 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

L M Goatman

Mrs E Goatman

REGISTERED OFFICE:

3 - 5 London Road

Rainham

Kent

ME8 7RG

REGISTERED NUMBER:

05147123 (England and Wales)

ACCOUNTANTS:

Aggarwal & Co

Chartered Accountants

5 London Road

Rainham

Gillingham

Kent

ME8 7RG

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

11,644

14,534

11,644

14,534

CURRENT ASSETS

Debtors

6

217,843

152,155

Cash at bank and in hand

220,523

12,784

438,366

164,939

CREDITORS

Amounts falling due within one year

7

327,753

150,929

NET CURRENT ASSETS

110,613

14,010

TOTAL ASSETS LESS CURRENT LIABILITIES

122,257

28,544

CREDITORS

Amounts falling due after more than one year

8

(21,643

)

(22,658

)

PROVISIONS FOR LIABILITIES

(2,911

)

(3,633

)

NET ASSETS

97,703

2,253

CAPITAL AND RESERVES

Called up share capital

8

8

Retained earnings

97,695

2,245

SHAREHOLDERS' FUNDS

97,703

2,253

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 24 December 2025 and were signed on its behalf by:

L M Goatman - Director

1.	STATUTORY INFORMATION

L G Electrical Services 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.

Income recognition

Income represents the fair value of consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

Financial instruments

The Company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties. Basic financial instruments are recognised at amortised cost.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

40,000

AMORTISATION

At 1 April 2024

and 31 March 2025

40,000

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

31,629

Additions

821

At 31 March 2025

32,450

DEPRECIATION

At 1 April 2024

17,095

Charge for year

3,711

At 31 March 2025

20,806

NET BOOK VALUE

At 31 March 2025

11,644

At 31 March 2024

14,534

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

195,469

11,393

Amounts recoverable on contracts

22,374

140,762

217,843

152,155

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

3,587

10,183

Hire purchase contracts (see note 9)

4,206

3,848

Trade creditors

179,359

40,746

Taxation and social security

131,987

88,726

Other creditors

8,614

7,426

327,753

150,929

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

16,284

13,094

Hire purchase contracts (see note 9)

5,359

9,564

21,643

22,658

9.	LEASING AGREEMENTS

The company had total commitments under non-cancellable operating leases at the balance sheet date of £32,823. These commitments are secured on the particular financed assets.

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

19,871

23,277

Hire purchase contracts

9,565

13,412

29,436

36,689

HSBC Bank plc holds fixed and floating charges over the undertaking and all property and assets of the company.

The hire purchase contacts are secured on the individual financed assets.