REGISTERED NUMBER: 09198181 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 September 2025

for

LVB Switchgear Services Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

N R Clegg

M S Tomlisson

M R Clegg

D Tomlisson

REGISTERED OFFICE:

Park House

37 Clarence Street

Leicester

Leicestershire

LE1 3RW

REGISTERED NUMBER:

09198181 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

Park House

37 Clarence Street

Leicester

Leicestershire

LE1 3RW

FIXED ASSETS

Tangible assets

4

170,107

161,720

CURRENT ASSETS

Stocks

30,000

30,000

Debtors

5

786,331

1,674,624

Cash at bank and in hand

394,954

569,088

1,211,285

2,273,712

CREDITORS

Amounts falling due within one year

6

(477,073

)

(1,293,048

)

NET CURRENT ASSETS

734,212

980,664

TOTAL ASSETS LESS CURRENT LIABILITIES

904,319

1,142,384

PROVISIONS FOR LIABILITIES

(39,448

)

(36,730

)

NET ASSETS

864,871

1,105,654

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

864,771

1,105,554

SHAREHOLDERS' FUNDS

864,871

1,105,654

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 8 April 2026 and were signed on its behalf by:

D Tomlisson - Director

1.	STATUTORY INFORMATION

LVB Switchgear Services Ltd 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

-

20% on cost

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on cost

Stocks

Stocks and work in progress are measured at the lower of cost and estimated selling price less costs to complete and sell, after making due allowance for obsolete and slow moving items.

Cost is calculated using 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 14 (2024 - 12 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 October 2024

75,802

14,801

307,930

5,476

404,009

Additions

8,754

1,577

52,494

4,006

66,831

Disposals

-

-

(14,735

)

-

(14,735

)

At 30 September 2025

84,556

16,378

345,689

9,482

456,105

DEPRECIATION

At 1 October 2024

33,515

8,196

197,009

3,569

242,289

Charge for year

12,876

2,045

40,578

1,839

57,338

Eliminated on disposal

-

-

(13,629

)

-

(13,629

)

At 30 September 2025

46,391

10,241

223,958

5,408

285,998

NET BOOK VALUE

At 30 September 2025

38,165

6,137

121,731

4,074

170,107

At 30 September 2024

42,287

6,605

110,921

1,907

161,720

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

30.9.24

£

£

Trade debtors

697,075

1,519,843

Other debtors

89,256

154,781

786,331

1,674,624

Other debtors includes prepayments and accrued income of £86,232 (2024: £110,330).

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

30.9.24

£

£

Hire purchase contracts

-

12,936

Trade creditors

269,956

734,671

Taxation and social security

177,673

517,217

Other creditors

29,444

28,224

477,073

1,293,048

Other creditors includes accruals of £9,001 (2024: £8,765).

7.	SECURED DEBTS

The following secured debts are included within creditors:

30.9.25

30.9.24

£

£

Hire purchase contracts

-

12,936

Hire purchase liabilities are secured on the individual assets being so acquired.

8.	OTHER FINANCIAL COMMITMENTS

Financial commitments that are not included in the balance sheet are £12,404 (2024: £42,388).

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2025 and 30 September 2024:

30.9.25

30.9.24

£

£

N R Clegg

Balance outstanding at start of year

-

-

Amounts advanced

65,453

28,253

Amounts repaid

(65,453

)

(28,253

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

M S Tomlisson

Balance outstanding at start of year

-

-

Amounts advanced

68,782

30,103

Amounts repaid

(68,782

)

(30,103

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

M R Clegg

Balance outstanding at start of year

-

-

Amounts advanced

128,489

56,736

Amounts repaid

(127,497

)

(56,736

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

992

-

D Tomlisson

Balance outstanding at start of year

-

-

Amounts advanced

120,209

44,266

Amounts repaid

(120,209

)

(44,266

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

The loans were repayable on demand and interest has been charged at the HMRC official rate.