LT LIGHTING AND ELECTRICALS LTD - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07862549 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 October 2021

for

LT LIGHTING AND ELECTRICALS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

S Xue

REGISTERED OFFICE:

20-22 Wenlock Road

London

N1 7GU

REGISTERED NUMBER:

07862549 (England and Wales)

ACCOUNTANTS:

Ian Couzens

Chartered Accountants

4 Denbigh Road

Norwich

NR2 3AA

CURRENT ASSETS

Stocks

216,858

240,329

Debtors

5

20,991

42,529

Cash at bank

295,585

82,077

533,434

364,935

CREDITORS

Amounts falling due within one year

6

322,888

289,856

NET CURRENT ASSETS

210,546

75,079

TOTAL ASSETS LESS CURRENT LIABILITIES

210,546

75,079

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

210,544

75,077

SHAREHOLDERS' FUNDS

210,546

75,079

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 26 July 2022 and were signed by:

S Xue - Director

1.	STATUTORY INFORMATION

LT LIGHTING AND ELECTRICALS 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.

Plant and machinery etc

-

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2020 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 November 2020

and 31 October 2021

2,058

DEPRECIATION

At 1 November 2020

and 31 October 2021

2,058

NET BOOK VALUE

At 31 October 2021

-

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.21

31.10.20

£

£

Trade debtors

20,991

42,529

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.21

31.10.20

£

£

Trade creditors

3,150

1,100

Taxation and social security

40,526

12,700

Other creditors

279,212

276,056

322,888

289,856

7.	RELATED PARTY DISCLOSURES

There was a balance of £279,212 owing to the director at the year end (2020: £276,056)

8.	ULTIMATE CONTROLLING PARTY

The controlling party is S Xue.