REGISTERED NUMBER: 05591595 (England and Wales)

Financial Statements

for the Year Ended 31 March 2026

for

Light Engineers Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A C Moore

L Palmer

SECRETARY:

A C Moore

REGISTERED OFFICE:

The Mills

Canal Street

Derby

Derbyshire

DE1 2RJ

BUSINESS ADDRESS:

Chequers Road

West Meadows Industrial Estate

Derby

DE21 6EN

REGISTERED NUMBER:

05591595 (England and Wales)

ACCOUNTANTS:

Bates Weston LLP

Chartered Accountants

The Mills

Canal Street

Derby

DE1 2RJ

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

355,576

358,570

355,576

358,570

CURRENT ASSETS

Stocks

877,590

916,470

Debtors

6

850,116

944,433

Cash at bank and in hand

1,626,616

1,463,619

3,354,322

3,324,522

CREDITORS

Amounts falling due within one year

7

1,484,774

1,581,240

NET CURRENT ASSETS

1,869,548

1,743,282

TOTAL ASSETS LESS CURRENT LIABILITIES

2,225,124

2,101,852

CREDITORS

Amounts falling due after more than one year

8

118,102

136,348

NET ASSETS

2,107,022

1,965,504

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

2,106,022

1,964,504

2,107,022

1,965,504

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 August 2026 and were signed on its behalf by:

A C Moore - Director

L Palmer - Director

1.	STATUTORY INFORMATION

Light Engineers Limited 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 represents net invoiced sales of goods during the year, excluding value added tax. Turnover is recognised when the company has transferred the significant risks and rewards of ownership to the buyer and it is probable that the agreed upon payment will be received.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business, was being amortised over its estimated remaining useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Long leasehold property

-

Straight line over 50 years

Plant and machinery

-

10% on reducing balance

Fixtures and fittings

-

10% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for slow and obsolete items.

Cost represents the invoiced cost of materials on a first in first out basis.

Net realisable value is based on the estimated selling price less further costs expected to be incurred upon completion.

Leasing commitments

Rentals payable under operating leases are charged to the profit and loss account as incurred.

Invoice discounting

The debts discounted are included within trade debtors with a financing limit relating to proceeds received from the invoice discounter included within creditors.

The interest element and other discount charges are recognised within the profit and loss account as they accrue.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 31 (2025 - 35 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2025

and 31 March 2026

200,000

AMORTISATION

At 1 April 2025

and 31 March 2026

200,000

NET BOOK VALUE

At 31 March 2026

-

At 31 March 2025

-

5.	TANGIBLE FIXED ASSETS

Long

Fixtures

leasehold

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 April 2025

449,660

37,054

29,794

8,862

525,370

Additions

-

-

11,503

-

11,503

At 31 March 2026

449,660

37,054

41,297

8,862

536,873

DEPRECIATION

At 1 April 2025

133,500

21,489

9,952

1,859

166,800

Charge for year

9,000

1,557

2,189

1,751

14,497

At 31 March 2026

142,500

23,046

12,141

3,610

181,297

NET BOOK VALUE

At 31 March 2026

307,160

14,008

29,156

5,252

355,576

At 31 March 2025

316,160

15,565

19,842

7,003

358,570

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

711,402

811,355

Other debtors

6,137

7,888

Tax

6,294

6,182

Directors' loan accounts

18,649

18,317

Prepayments

107,634

100,691

850,116

944,433

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

18,782

19,905

Advances under factoring arrangement

595,970

601,525

Trade creditors

476,220

491,420

Tax

47,240

111,967

Social security and other taxes

149,414

160,841

Other creditors

861

1,964

Directors' loan accounts

168,104

168,104

Accrued expenses

28,183

25,514

1,484,774

1,581,240

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans more than 1 year

118,102

136,348

9.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Bank loans

136,884

156,253

Advances under factoring arrangement

595,970

601,525

732,854

757,778

Bank loans are secured on the properties as to which they relate.

Factoring arrangements are secured against the assets of the company.

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date the amounts owing from one director are shown in the debtors note. The balance is interest free and repayable on demand.