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Company Registration No. 15840898 (England and Wales)
Litlec Ltd Unaudited accounts for the year ended 31 July 2025
Litlec Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Litlec Ltd Company Information for the year ended 31 July 2025
Director
Bradley Littler
Company Number
15840898 (England and Wales)
Registered Office
2 Sunbeam Street Newton-le-Willows Merseyside WA12 8NG England
Accountants
Pearl Accounting Limited Suite 1 116 Ballards Lane Finchley London N3 2DN
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Litlec Ltd Statement of financial position as at 31 July 2025
2025
Notes
£
Fixed assets
Tangible assets
4
1,522
Current assets
Debtors
5
31,507
Cash at bank and in hand
25,787
57,294
Creditors: amounts falling due within one year
6
(56,757)
Net current assets
537
Net assets
2,059
Capital and reserves
Called up share capital
7
10
Profit and loss account
2,049
Shareholders' funds
2,059
For the year ending 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 15 April 2026 and were signed on its behalf by
Bradley Littler Director Company Registration No. 15840898
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Litlec Ltd Notes to the Accounts for the year ended 31 July 2025
1
Statutory information
Litlec Ltd is a private company, limited by shares, registered in England and Wales, registration number 15840898. The registered office is 2 Sunbeam Street, Newton-le-Willows, Merseyside, WA12 8NG, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% straight line
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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Litlec Ltd Notes to the Accounts for the year ended 31 July 2025
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
4
Tangible fixed assets
Plant & machinery
£
Cost or valuation
At cost
At 1 August 2024
-
Additions
1,730
At 31 July 2025
1,730
Depreciation
Charge for the year
208
At 31 July 2025
208
Net book value
At 31 July 2025
1,522
5
Debtors
2025
£
Amounts falling due within one year
VAT
3,796
Trade debtors
13,957
Amounts due from group undertakings etc.
13,074
Other debtors
680
31,507
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Litlec Ltd Notes to the Accounts for the year ended 31 July 2025
6
Creditors: amounts falling due within one year
2025
£
Trade creditors
7,089
Taxes and social security
9,552
Other creditors
10,962
Loans from directors
27,444
Accruals
1,710
56,757
7
Share capital
2025
£
Allotted, called up and fully paid:
10 Ordinary shares of £1 each
10
8
Average number of employees
During the year the average number of employees was 3.
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