REGISTERED NUMBER: 08249568 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

FOR

LURO ELECTRICAL SOLUTIONS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R Cheeseman

L Del Rosso

REGISTERED OFFICE:

29 Arboretum Street

Nottingham

Nottinghamshire

NG1 4JA

REGISTERED NUMBER:

08249568 (England and Wales)

ACCOUNTANTS:

Lemans

Chartered Certified Accountants

29 Arboretum Street

Nottingham

Nottinghamshire

NG1 4JA

FIXED ASSETS

Tangible assets

4

188,904

209,025

CURRENT ASSETS

Stocks

52,940

44,864

Debtors

5

1,535,166

904,816

Cash at bank and in hand

1,905,719

1,568,797

3,493,825

2,518,477

CREDITORS

Amounts falling due within one year

6

1,059,746

805,868

NET CURRENT ASSETS

2,434,079

1,712,609

TOTAL ASSETS LESS CURRENT LIABILITIES

2,622,983

1,921,634

CREDITORS

Amounts falling due after more than one year

7

(94,627

)

(84,394

)

PROVISIONS FOR LIABILITIES

(45,298

)

(48,050

)

NET ASSETS

2,483,058

1,789,190

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

2,482,958

1,789,090

SHAREHOLDERS' FUNDS

2,483,058

1,789,190

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 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 7 October 2026 and were signed on its behalf by:

R Cheeseman - Director

L Del Rosso - Director

1.	STATUTORY INFORMATION

LURO Electrical Solutions 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover

Turnover is measured at the fair value of the consideration receivable, net of discounts and value added tax. Turnover includes revenue earned from the rendering of services which is recognised by reference to the stage of completion of the contract.

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.

Improvements to property

-

Over lease term : straight line basis

Plant and machinery

-

20% on cost

Fixtures and fittings

-

20% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

33% on cost

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 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 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.

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.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at the transaction price.

Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2025 - 19 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 April 2025

21,283

1,315

3,877

Additions

-

-

1,628

Disposals

-

(1,315

)

-

At 31 March 2026

21,283

-

5,505

DEPRECIATION

At 1 April 2025

887

1,315

65

Charge for year

10,641

-

956

Eliminated on disposal

-

(1,315

)

-

At 31 March 2026

11,528

-

1,021

NET BOOK VALUE

At 31 March 2026

9,755

-

4,484

At 31 March 2025

20,396

-

3,812

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 April 2025

449,253

8,068

483,796

Additions

76,940

2,204

80,772

Disposals

(17,950

)

-

(19,265

)

At 31 March 2026

508,243

10,272

545,303

DEPRECIATION

At 1 April 2025

265,427

7,077

274,771

Charge for year

84,686

864

97,147

Eliminated on disposal

(14,204

)

-

(15,519

)

At 31 March 2026

335,909

7,941

356,399

NET BOOK VALUE

At 31 March 2026

172,334

2,331

188,904

At 31 March 2025

183,826

991

209,025

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

Motor

vehicles

£

COST

At 1 April 2025

297,993

Additions

71,440

Transfer to ownership

(22,619

)

At 31 March 2026

346,814

DEPRECIATION

At 1 April 2025

136,883

Charge for year

77,184

Transfer to ownership

(22,619

)

At 31 March 2026

191,448

NET BOOK VALUE

At 31 March 2026

155,366

At 31 March 2025

161,110

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Trade debtors

1,115,654

776,927

Other debtors

384,243

91,590

Directors' current accounts

250

1,815

Prepayments and accrued income

35,019

34,484

1,535,166

904,816

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Hire purchase contracts (see note 8)

45,764

40,610

Trade creditors

497,934

469,669

Corporation tax

334,936

205,365

Social security and other taxes

48,031

23,398

Other creditors

122,601

56,856

Accrued expenses

10,480

9,970

1,059,746

805,868

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.26

31.3.25

£

£

Hire purchase contracts (see note 8)

94,627

84,394

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

31.3.26

31.3.25

£

£

Net obligations repayable:

Within one year

45,764

40,610

Between one and five years

94,627

84,394

140,391

125,004

Non-cancellable

operating leases

31.3.26

31.3.25

£

£

Within one year

27,446

21,787

Between one and five years

-

27,446

27,446

49,233

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.26

31.3.25

£

£

Hire purchase contracts

140,391

125,004

Hire purchase creditors are secured on the assets concerned.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.26

31.3.25

value:

£

£

25

A Ordinary

£1

25

25

25

B Ordinary

£1

25

25

25

C Ordinary

£1

25

25

25

D Ordinary

£1

25

25

100

100

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2026 and 31 March 2025:

31.3.26

31.3.25

£

£

R Cheeseman

Balance outstanding at start of year

1,308

21,429

Amounts advanced

250

1,308

Amounts repaid

(1,308

)

(21,429

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

250

1,308

L Del Rosso

Balance outstanding at start of year

507

-

Amounts advanced

-

507

Amounts repaid

(507

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

507

All amounts owed by directors have been repaid in full since the year end.