Lilliput Electrical Limited 31/05/2026 iXBRL

Company registration number: 08495604

Lilliput Electrical Limited

Unaudited filleted financial statements

31 May 2026

Lilliput Electrical Limited

Contents

Directors and other information

Statement of financial position

Statement of changes in equity

Notes to the financial statements

Lilliput Electrical Limited

Directors and other information


	Director	Mr Timothy Collier


	Company number	08495604


	Registered office	Unit 45
		Balena Close
		Poole
		Dorset
		BH17 7DY


	Business address	Unit 45
		Balena Close
		Poole
		Dorset
		BH17 7DY


	Accountant	G C Webb & Co
		6 Carey Road
		Bournemouth
		BH9 2XB

Lilliput Electrical Limited

Statement of financial position

31 May 2026

		2026		2025
	Note	£	£	£	£

Fixed assets
Tangible assets	5	10,359		12,537
Investments	6	500		500
		_______		_______
			10,859		13,037

Current assets
Debtors	7	57,010		53,447
Cash at bank and in hand		49,823		70,262
		_______		_______
		106,833		123,709
Creditors: amounts falling due
within one year	8	( 93,798)		( 109,281)
		_______		_______
Net current assets			13,035		14,428
			_______		_______
Total assets less current liabilities			23,894		27,465

Creditors: amounts falling due
after more than one year	9		( 16,620)		( 22,052)

Provisions for liabilities			( 3,169)		( 4,349)

			_______		_______
Net assets			4,105		1,064
			_______		_______

Capital and reserves
Called up share capital			100		100
Profit and loss account			4,005		964
			_______		_______
Shareholders funds			4,105		1,064
			_______		_______

For the year ending 31 May 2026 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 their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

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 comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 17 August 2026 , and are signed on behalf of the board by:

Mr Timothy Collier

Director

Company registration number: 08495604

Lilliput Electrical Limited

Statement of changes in equity

Year ended 31 May 2026

	Called up share capital	Profit and loss account	Total
	£	£	£


At 1 June 2024	100	69,113	69,213

Profit/(loss) for the year		( 49,929)	( 49,929)
	_______	_______	_______
Total comprehensive income for the year	-	( 49,929)	( 49,929)

Dividends paid and payable		( 18,220)	( 18,220)
	_______	_______	_______
Total investments by and distributions to owners	-	( 18,220)	( 18,220)

	_______	_______	_______
At 31 May 2025 and 1 June 2025	100	964	1,064

Profit/(loss) for the year		11,777	11,777
	_______	_______	_______
Total comprehensive income for the year	-	11,777	11,777

Dividends paid and payable		( 8,736)	( 8,736)
	_______	_______	_______
Total investments by and distributions to owners	-	( 8,736)	( 8,736)

	_______	_______	_______
At 31 May 2026	100	4,005	4,105
	_______	_______	_______

Lilliput Electrical Limited

Notes to the financial statements

Year ended 31 May 2026

1. General information

The company is a private company limited by shares, registered in United Kingdom. The address of the registered office is Lilliput Electrical Limited, Unit 45, Balena Close, Poole, Dorset, BH17 7DY.

2. Statement of compliance

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

Turnover

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.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, 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 are 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 capital and reserves, 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 capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves 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:


Fittings fixtures and equipment	-	25 %	reducing balance
Motor vehicles	-	20 %	straight line

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Fixed asset investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Impairment

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. 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 are largely independent of the cash inflows from other assets or groups of assets.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

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 in finance costs in profit or loss in the period in which it arises.

4. Staff costs

The average number of persons employed by the company during the year amounted to 1 (2025: 1 ).

The aggregate payroll costs incurred during the year were:

	2026	2025
	£	£
Wages and salaries	12,578	16,631
Social security costs	1,118	93
Other pension costs	3,315	4,476
	_______	_______
	17,011	21,200
	_______	_______

5. Tangible assets

	Fixtures, fittings and equipment	Motor vehicles	Total
	£	£	£
Cost
At 1 June 2025	39,897	33,943	73,840
Additions	1,274	-	1,274
	_______	_______	_______
At 31 May 2026	41,171	33,943	75,114
	_______	_______	_______
Depreciation
At 1 June 2025	27,360	33,943	61,303
Charge for the year	3,452	-	3,452
	_______	_______	_______
At 31 May 2026	30,812	33,943	64,755
	_______	_______	_______
Carrying amount
At 31 May 2026	10,359	-	10,359
	_______	_______	_______
At 31 May 2025	12,537	-	12,537
	_______	_______	_______

6. Investments

	Other investments other than loans	Total
	£	£
Cost
At 1 June 2025 and 31 May 2026	500	500
	_______	_______
Impairment
At 1 June 2025 and 31 May 2026	-	-
	_______	_______
Carrying amount
At 31 May 2026	500	500
	_______	_______
At 31 May 2025	500	500
	_______	_______

7. Debtors

	2026	2025
	£	£
Trade debtors	46,704	44,583
Other debtors	10,306	8,864
	_______	_______
	57,010	53,447
	_______	_______

8. Creditors: amounts falling due within one year

	2026	2025
	£	£
Trade creditors	11,433	12,486
Social security and other taxes	3,866	3,150
Other creditors	78,499	93,645
	_______	_______
	93,798	109,281
	_______	_______

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

	2026	2025
	£	£
Bank loans and overdrafts	16,620	22,052
	_______	_______

10. Financial instruments

The carrying amount for each category of financial instrument is as follows:

	2026	2025
	£	£
Financial assets that are debt instruments measured at amortised cost
Trade debtors	11,663	44,332
Other debtors	2,849	7,702
Cash at bank and in hand	49,823	70,262
Accrued income	-	1,162
	_______	_______
	64,335	123,458
	_______	_______

Financial liabilities measured at amortised cost
Bank and other loans	16,620	22,052
Trade creditors	11,433	12,486
Other creditors	5,870	5,305
	_______	_______
	33,923	39,843
	_______	_______

Loan commitments measured at cost less impairment
LendingCrowd loan	64,511	77,696
Ford Lease	8,584	11,411
	_______	_______
	73,095	89,107
	_______	_______

11. Directors advances, credits and guarantees

	During the year the director entered into the following advances and credits with the company:

2026
		Balance brought forward	Advances /(credits) to the director	Amounts repaid	Balance o/standing
		£	£	£	£
	Mr Timothy Collier	3,736	8,549	( 3,736)	8,549
		_______	_______	_______	_______

2025
		Balance brought forward	Advances /(credits) to the director	Amounts repaid	Balance o/standing
		£	£	£	£
	Mr Timothy Collier	8,720	3,736	( 8,720)	3,736
		_______	_______	_______	_______

The advance to the director was repaid in full after the year end.

12. Related party transactions

Ordinary dividends paid to the director, Timothy Collier, in his capacity as a shareholder during the year were £8,736 (2025 - £18,220).

13. Controlling party

During the period under review, Timothy Collier, sole director, controlled the company by virtue of a controlling interest in the issued ordinary share capital .