LEADING ELECTRICAL SOLUTIONS LTD

LEADING ELECTRICAL SOLUTIONS LTD

LEADING ELECTRICAL SOLUTIONS LTD - Company Information

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LEADING ELECTRICAL SOLUTIONS LTD

Company Registration Number:
SC641217 (Scotland)

Unaudited abridged accounts for the year ended 30 September 2020

Period of accounts

Start date: 11 September 2019

End date: 30 September 2020

LEADING ELECTRICAL SOLUTIONS LTD

Contents of the Financial Statements

for the Period Ended 30 September 2020

Balance sheet
Notes

LEADING ELECTRICAL SOLUTIONS LTD

Balance sheet

As at 30 September 2020


Notes
13 months to 30 September 2020


£
Fixed assets
Tangible assets: 3 1,345
Total fixed assets: 1,345
Current assets
Stocks: 300
Debtors:   2,452
Cash at bank and in hand: 16,226
Total current assets: 18,978
Creditors: amounts falling due within one year: 4 (7,862)
Net current assets (liabilities): 11,116
Total assets less current liabilities: 12,461
Creditors: amounts falling due after more than one year: 5 (10,000)
Provision for liabilities: (255)
Total net assets (liabilities): 2,206
Capital and reserves
Called up share capital: 1
Profit and loss account: 2,205
Shareholders funds: 2,206

The notes form part of these financial statements

LEADING ELECTRICAL SOLUTIONS LTD

Balance sheet statements

For the year ending 30 September 2020 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 13 February 2021
and signed on behalf of the board by:

Name: John Cavanagh
Status: Director

The notes form part of these financial statements

LEADING ELECTRICAL SOLUTIONS LTD

Notes to the Financial Statements

for the Period Ended 30 September 2020

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

Turnover policy

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business . The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Tangible fixed assets and depreciation policy

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net ofdepreciation and any impairment losses.Depreciation is recognised so as to write off the cost or valuation of assets less their residual values overtheir useful lives on the following bases:Plant and equipment 20% Straight lineComputers 33% Straight lineThe gain or loss arising on the disposal of an asset is determined as the difference between the saleproceeds and the carrying value of the asset, and is credited or charged to profit or loss.

LEADING ELECTRICAL SOLUTIONS LTD

Notes to the Financial Statements

for the Period Ended 30 September 2020

2. Employees

13 months to 30 September 2020
Average number of employees during the period 1

LEADING ELECTRICAL SOLUTIONS LTD

Notes to the Financial Statements

for the Period Ended 30 September 2020

3. Tangible Assets

Total
Cost £
Additions 1,811
At 30 September 2020 1,811
Depreciation
Charge for year 466
At 30 September 2020 466
Net book value
At 30 September 2020 1,345

LEADING ELECTRICAL SOLUTIONS LTD

Notes to the Financial Statements

for the Period Ended 30 September 2020

4. Creditors: amounts falling due within one year note

Corporation tax: £3,839Other taxation and social security: £91Other creditors: £3,932

LEADING ELECTRICAL SOLUTIONS LTD

Notes to the Financial Statements

for the Period Ended 30 September 2020

5. Creditors: amounts falling due after more than one year note

Other creditors: £10,000