Leigh Cables Commercial Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 05110489 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 May 2023

for

LEIGH CABLES COMMERCIAL LIMITED

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

158,985

36,103

Investments

5

54

54

159,039

36,157

CURRENT ASSETS

Stocks

410,889

343,631

Debtors

6

775,345

516,561

Cash at bank

178,576

381,870

1,364,810

1,242,062

CREDITORS

Amounts falling due within one year

7

497,406

397,485

NET CURRENT ASSETS

867,404

844,577

TOTAL ASSETS LESS CURRENT LIABILITIES

1,026,443

880,734

CREDITORS

Amounts falling due after more than one year

8

(27,846

)

(41,271

)

PROVISIONS FOR LIABILITIES

10

(22,460

)

(7,683

)

NET ASSETS

976,137

831,780

CAPITAL AND RESERVES

Called up share capital

11

2

2

Retained earnings

976,135

831,778

SHAREHOLDERS' FUNDS

976,137

831,780

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 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 9 November 2023 and were signed on its behalf by:

H L Lowde - Director

1.	STATUTORY INFORMATION

Leigh Cables Commercial Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

05110489

Registered office:

Unit 12 Brook Mill

High Street

Leigh

Lancashire

WN7 2AD

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

-

25% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 June 2022

52,503

22,129

40,978

115,610

Additions

137,169

2,551

-

139,720

At 31 May 2023

189,672

24,680

40,978

255,330

DEPRECIATION

At 1 June 2022

44,270

17,531

17,706

79,507

Charge for year

13,034

1,387

2,417

16,838

At 31 May 2023

57,304

18,918

20,123

96,345

NET BOOK VALUE

At 31 May 2023

132,368

5,762

20,855

158,985

At 31 May 2022

8,233

4,598

23,272

36,103

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

Motor

vehicles

£

COST

At 1 June 2022

and 31 May 2023

26,495

DEPRECIATION

At 1 June 2022

6,087

Charge for year

1,701

At 31 May 2023

7,788

NET BOOK VALUE

At 31 May 2023

18,707

At 31 May 2022

20,408

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 June 2022

and 31 May 2023

54

NET BOOK VALUE

At 31 May 2023

54

At 31 May 2022

54

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.23

31.5.22

£

£

Trade debtors

672,621

394,203

Other debtors

102,724

122,358

775,345

516,561

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.23

31.5.22

£

£

Bank loans and overdrafts

10,000

10,000

Hire purchase contracts

3,463

3,463

Trade creditors

393,170

285,966

Taxation and social security

23,422

29,422

Other creditors

67,351

68,634

497,406

397,485

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.5.23

31.5.22

£

£

Bank loans

20,000

30,000

Hire purchase contracts

7,846

11,271

27,846

41,271

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

20,000

30,000

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.5.23

31.5.22

£

£

Hire purchase contracts

11,309

14,734

10.	PROVISIONS FOR LIABILITIES

31.5.23

31.5.22

£

£

Deferred tax

22,460

7,683

Deferred

tax

£

Balance at 1 June 2022

7,683

Provided during year

14,777

Balance at 31 May 2023

22,460

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.23

31.5.22

value:

£

£

1

Ordinary A

£1

1

1

1

Ordinary B

£1

1

1

2

2