LDD Electrical Limited Filleted accounts for Companies House (small and micro)

LDD Electrical Limited

Unaudited financial statements

31 August 2025

Company Registration Number 11530803

LDD Electrical Limited

Financial statements

year ended 31 August 2025

Contents	Pages

Statement of financial position	1 to 2

Notes to the financial statements	3 to 6

LDD Electrical Limited

Statement of financial position

31 August 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	5	152,058	159,464

Current assets

Debtors	6	141,019	194,973
Cash at bank and in hand		16,947	3,411
		---------	---------
		157,966	198,384

Creditors: amounts falling due within one year	7	195,284	168,064
		---------	---------
Net current (liabilities)/assets		( 37,318)	30,320
		---------	---------
Total assets less current liabilities		114,740	189,784

Creditors: amounts falling due after more than one year	8	93,295	120,335

Provisions	16,038	12,409
	---------	---------
Net assets	5,407	57,040
	---------	---------

Capital and reserves

Called up share capital	100	100
Profit and loss account	5,307	56,940
	-------	--------
Shareholders funds	5,407	57,040
	-------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

LDD Electrical Limited

Statement of financial position (continued)

31 August 2025

These financial statements were approved by the board of directors and authorised for issue on 19 December 2025 , and are signed on behalf of the board by:

L Pepper
Director

Company registration number: 11530803

LDD Electrical Limited

Notes to the financial statements

year ended 31 August 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 19 The Square, Retford, Nottinghamshire.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Transition to FRS 102

The entity transitioned from previous UK GAAP to FRS 102 as at 1 September 2023. Details of how FRS 102 has affected the reported financial position and financial performance is given in note 9.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Motor vehicles	-	25% reducing balance
Equipment	-	25% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 11 (2024: 6 ).

5. Tangible assets

Motor vehicles	Equipment	Total
£	£	£

Cost
At 1 September 2024	175,997	21,572	197,569
Additions	48,850	2,270	51,120
Disposals	( 9,750)	–	( 9,750)
	---------	--------	---------
At 31 August 2025	215,097	23,842	238,939
	---------	--------	---------
Depreciation
At 1 September 2024	28,064	10,041	38,105
Charge for the year	45,438	3,338	48,776
	---------	--------	---------
At 31 August 2025	73,502	13,379	86,881
	---------	--------	---------
Carrying amount
At 31 August 2025	141,595	10,463	152,058
	---------	--------	---------
At 31 August 2024	147,933	11,531	159,464
	---------	--------	---------

Finance leases and hire purchase contracts

Included within the carrying value of tangible assets are the following amounts relating to assets held under finance leases or hire purchase agreements:

	Motor vehicles
	£

At 31 August 2025	124,628
	---------
At 31 August 2024	147,933
	---------

6. Debtors

	2025	2024
	£	£

Trade debtors	116,816	173,790
Other debtors	24,203	21,183
	---------	---------
	141,019	194,973
	---------	---------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£

Bank loans and overdrafts	6,667	8,000
Trade creditors	117,235	80,455
Corporation tax	24,866	40,708
Social security and other taxes	7,333	5,069
Other creditors	39,183	33,832
	---------	---------
	195,284	168,064
	---------	---------

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£

Bank loans and overdrafts	–	6,667
Other creditors	93,295	113,668
	--------	---------
	93,295	120,335
	--------	---------

9. Transition to FRS 102

These are the first financial statements that comply with FRS 102. The company transitioned to FRS 102 on 1 September 2023.

Reconciliation of equity

1 September 2023			31 August 2024
As previously stated	Effect of transition	FRS 102 (as restated)	As previously stated	Effect of transition	FRS 102 (as restated)
£	£	£	£	£	£

Fixed assets	78,402	–	78,402	159,464	–	159,464
Current assets	107,324	–	107,324	198,384	–	198,384
Creditors: amounts falling due within one year	( 110,022)	–	( 110,022)	( 168,064)	–	( 168,064)
	---------	----	---------	---------	----	---------
Net current (liabilities)/assets	( 2,698)	–	( 2,698)	30,320	–	30,320
	---------	----	---------	---------	----	---------
Total assets less current liabilities	75,704	–	75,704	189,784	–	189,784

Creditors: amounts falling due after more than one year	( 52,940)	–	( 52,940)	( 120,335)	–	( 120,335)
Provisions	–	( 14,039)	( 14,039)	–	( 12,409)	( 12,409)
	---------	--------	---------	---------	--------	---------
Net assets	22,764	( 14,039)	8,725	69,449	( 12,409)	57,040
	---------	--------	---------	---------	--------	---------

	---------	--------	---------	---------	--------	---------
Capital and reserves	22,764	( 14,039)	8,725	69,449	( 12,409)	57,040
	---------	--------	---------	---------	--------	---------