Company Registration No. 02694757 (England and Wales)
L.B. Electrical Wholesale Distributors Limited
Unaudited accounts
for the year ended 31 March 2026
L.B. Electrical Wholesale Distributors Limited
Unaudited accounts
Contents
L.B. Electrical Wholesale Distributors Limited
Company Information
for the year ended 31 March 2026
Director
Gurjit Kaur Ghataoura
Secretary
Satwant Kaur Ghataoura
Company Number
02694757 (England and Wales)
Registered Office
Balbir House
Vishkarma Park
Stevenage
Hertfordshire
SG1 2LP
United Kingdom
Accountants
McCabe Accounting Limited
83A High Street
Stevenage
SG1 3HR
L.B. Electrical Wholesale Distributors Limited
Statement of financial position
as at 31 March 2026
Tangible assets
2,113
2,878
Cash at bank and in hand
1,455
-
Creditors: amounts falling due within one year
(95,654)
(136,505)
Net current liabilities
(46,805)
(65,521)
Total assets less current liabilities
(44,692)
(62,643)
Creditors: amounts falling due after more than one year
-
(885)
Net liabilities
(44,692)
(63,528)
Called up share capital
198
198
Share premium
26,346
26,346
Profit and loss account
(71,236)
(90,072)
Shareholders' funds
(44,692)
(63,528)
For the year ending 31 March 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 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 23 June 2026 and were signed on its behalf by
Gurjit Kaur Ghataoura
Director
Company Registration No. 02694757
L.B. Electrical Wholesale Distributors Limited
Notes to the Accounts
for the year ended 31 March 2026
L.B. Electrical Wholesale Distributors Limited is a private company, limited by shares, registered in England and Wales, registration number 02694757. The registered office is Balbir House, Vishkarma Park, Stevenage, Hertfordshire, SG1 2LP, United Kingdom.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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.
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% Reducing balance
Motor vehicles
25% Reducing balance
Fixtures & fittings
25% Reducing balance
Computer equipment
25% Reducing balance
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been
incurred in bringing the stocks to their present location and condition.
Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.
L.B. Electrical Wholesale Distributors Limited
Notes to the Accounts
for the year ended 31 March 2026
The accounts are prepared on a going concern basis. The use of the going concern basis of accounting is appropriate because there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern. However, the company is reliant upon the directors, trade creditors and the bank for their continuing financial support.
4
Tangible fixed assets
Plant & machinery
Amounts falling due within one year
Trade debtors
29,394
39,632
Accrued income and prepayments
-
10,352
6
Creditors: amounts falling due within one year
2026
2025
Bank loans and overdrafts
7,394
18,109
Trade creditors
36,343
60,080
Taxes and social security
3,252
9,652
Other creditors
30,715
30,714
Creditors have been secured by a legal mortgage and a fixed & floating charge against the assets of the company.
7
Creditors: amounts falling due after more than one year
2026
2025
L.B. Electrical Wholesale Distributors Limited
Notes to the Accounts
for the year ended 31 March 2026
8
Operating lease commitments
2026
2025
At 31 March 2026 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
9,000
9,000
Later than one year and not later than five years
44,250
53,250
9
Transactions with related parties
The shareholders have provided interest free loans to company. The loan balance as at the year end was £23,701.
10
Average number of employees
During the year the average number of employees was 3 (2025: 3).