REGISTERED NUMBER: 13224047 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2026

for

LFT Electrical Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

L Foster-Turner

Miss A R Leeson

REGISTERED OFFICE:

62 Bromwich Road

Worcester

Worcestershire

WR2 4AL

REGISTERED NUMBER:

13224047 (England and Wales)

ACCOUNTANTS:

HATS Gloucester Ltd

48 Hucclecote Road

Gloucester

Gloucestershire

GL3 3RS

BANKERS:

Starling Bank

5th Floor

London Fruit & Wool Exchange

1 Duval Square

London

E1 6PW

FIXED ASSETS

Tangible assets

4

21,446

28,451

CURRENT ASSETS

Stocks

1,000

1,000

Debtors

5

25,808

26,018

Cash at bank

6,430

3,735

33,238

30,753

CREDITORS

Amounts falling due within one year

6

41,976

40,285

NET CURRENT LIABILITIES

(8,738

)

(9,532

)

TOTAL ASSETS LESS CURRENT LIABILITIES

12,708

18,919

CREDITORS

Amounts falling due after more than one year

7

(7,871

)

(12,569

)

PROVISIONS FOR LIABILITIES

(4,075

)

(5,406

)

NET ASSETS

762

944

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

662

844

SHAREHOLDERS' FUNDS

762

944

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 August 2026 and were signed on its behalf by:

L Foster-Turner - Director

1.	STATUTORY INFORMATION

LFT Electrical 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

Stocks

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 the 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.

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.

Going concern

Despite net current liabilities of £8,738 (2025 - £9,532), the financial statements have been prepared on a going concern basis. The directors have reviewed the future cash flows of the business and have expressed their willingness to financially support the company for the foreseeable future, deeming the going concern basis of preparation to be appropriate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2025 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

Cost

At 1 April 2025

3,224

53,879

1,020

58,123

Additions

108

-

-

108

At 31 March 2026

3,332

53,879

1,020

58,231

Depreciation

At 1 April 2025

1,922

27,282

468

29,672

Charge for year

282

6,649

182

7,113

At 31 March 2026

2,204

33,931

650

36,785

Net book value

At 31 March 2026

1,128

19,948

370

21,446

At 31 March 2025

1,302

26,597

552

28,451

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

Cost

At 1 April 2025

and 31 March 2026

26,379

Depreciation

At 1 April 2025

15,251

Charge for year

2,782

At 31 March 2026

18,033

Net book value

At 31 March 2026

8,346

At 31 March 2025

11,128

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/26

31/3/25

£

£

Trade debtors

23,387

13,712

Other debtors

2,421

12,306

25,808

26,018

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/26

31/3/25

£

£

Hire purchase contracts

4,698

4,698

Trade creditors

319

1,474

Taxation and social security

2,509

8,160

Other creditors

34,450

25,953

41,976

40,285

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/3/26

31/3/25

£

£

Hire purchase contracts

7,871

12,569

8.	RELATED PARTY DISCLOSURES

L Foster-Turner

Director

A loan exists between the company and the director L Foster-Turner. At 31 March 2026, the company owed the director £33,236 (2025 - £20,445). The loan is interest free and has no fixed repayment terms.