LOC Electrics Cardiff Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 09425117

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		15,673		14,376

			15,673		14,376
CURRENT ASSETS
Debtors		22,100		30,980
Cash at bank and in hand		16,056		7,629

		38,156		38,609
Creditors: Amounts Falling Due Within One Year		(37,551 )		(39,504 )

NET CURRENT ASSETS (LIABILITIES)			605		(895 )

TOTAL ASSETS LESS CURRENT LIABILITIES			16,278		13,481

Creditors: Amounts Falling Due After More Than One Year			(15,879 )		(12,151 )

NET ASSETS			399		1,330

CAPITAL AND RESERVES
Called up share capital	6		102		102
Profit and Loss Account			297		1,228

SHAREHOLDERS' FUNDS			399		1,330

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LOC Electrics Cardiff Ltd

Balance Sheet (continued)

As At 28 February 2026

For the year ending 28 February 2026 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 directors acknowledge their 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Lee O'Connor

Director

27/04/2026

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

LOC Electrics Cardiff Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09425117 . The registered office is 7 Nellive Park, Newport, NP10 8SE.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	25% Straight Line
Motor Vehicles	20% Straight Line
Computer Equipment	25% Straight Line

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.5. Taxation

Income tax expense represents the sum of the tax currently payable.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Current tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2025: 4)

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LOC Electrics Cardiff Ltd

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2026

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 March 2025	950	21,965	396	23,311
Additions	-	6,680	-	6,680

As at 28 February 2026	950	28,645	396	29,991

Depreciation
As at 1 March 2025	950	7,688	297	8,935
Provided during the period	-	5,284	99	5,383

As at 28 February 2026	950	12,972	396	14,318

Net Book Value
As at 28 February 2026	-	15,673	-	15,673

As at 1 March 2025	-	14,277	99	14,376

5. Obligations Under Finance Leases and Hire Purchase

	2026	2025
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	2,946	2,946
Later than one year and not later than five years	9,205	12,151

	12,151	15,097

	12,151	15,097

6. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	102	102

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