REGISTERED NUMBER: 06263000 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

FOR

L P ELECTRICAL SOLUTIONS LIMITED

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTORS:

Mr L Patterson

Mrs L Patterson

REGISTERED OFFICE:

31 Bardsley Street

Heaton Norris

Stockport

Cheshire

SK4 1QB

REGISTERED NUMBER:

06263000 (England and Wales)

ACCOUNTANTS:

Allens Accountants Limited

Chartered Accountants

123 Wellington Road South

Stockport

Cheshire

SK1 3TH

FIXED ASSETS

Tangible assets

4

49,842

65,192

CURRENT ASSETS

Stocks

10,500

16,000

Debtors

5

11,335

22,328

Cash at bank

11,229

26,832

33,064

65,160

CREDITORS

Amounts falling due within one year

6

42,208

73,386

NET CURRENT LIABILITIES

(9,144

)

(8,226

)

TOTAL ASSETS LESS CURRENT LIABILITIES

40,698

56,966

CREDITORS

Amounts falling due after more than one year

7

(811

)

(10,812

)

PROVISIONS FOR LIABILITIES

8

(9,480

)

(12,387

)

NET ASSETS

30,407

33,767

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

30,307

33,667

SHAREHOLDERS' FUNDS

30,407

33,767

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 January 2026 and were signed on its behalf by:

Mr L Patterson - Director

1.	STATUTORY INFORMATION

L P Electrical Solutions 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.

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 represents the total amount receivable by the company for goods supplied and services provided, excluding value added tax and trade discounts.

Tangible fixed assets

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

Plant and machinery etc

-

33% on cost and 25% on reducing balance

Stocks

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 June 2024

119,281

Additions

698

Disposals

(1,840

)

At 31 May 2025

118,139

DEPRECIATION

At 1 June 2024

54,089

Charge for year

15,803

Eliminated on disposal

(1,595

)

At 31 May 2025

68,297

NET BOOK VALUE

At 31 May 2025

49,842

At 31 May 2024

65,192

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/5/25

31/5/24

£

£

Trade debtors

7,650

19,076

Other debtors

3,685

3,252

11,335

22,328

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/5/25

31/5/24

£

£

Bank loans and overdrafts

10,020

10,020

Trade creditors

3,928

18,600

Taxation and social security

19,985

7,761

Other creditors

8,275

37,005

42,208

73,386

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/5/25

31/5/24

£

£

Bank loans

811

10,812

8.	PROVISIONS FOR LIABILITIES

31/5/25

31/5/24

£

£

Deferred tax

9,480

12,387

Deferred

tax

£

Balance at 1 June 2024

12,387

Credit to Statement of Income and Retained Earnings during year

(2,907

)

Balance at 31 May 2025

9,480

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/5/25

31/5/24

value:

£

£

100

Ordinary

£1

100

100