LBB Fixing Limited 11317335 false 2022-04-01 2023-03-31 2023-03-31 The principal activity of the company is steel cladding / fixing Digita Accounts Production Advanced 6.30.9574.0 true 11317335 2022-04-01 2023-03-31 11317335 2023-03-31 11317335 bus:Director1 1 2023-03-31 11317335 bus:OrdinaryShareClass1 2023-03-31 11317335 core:CurrentFinancialInstruments 2023-03-31 11317335 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 11317335 core:Non-currentFinancialInstruments 2023-03-31 11317335 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-31 11317335 core:MotorVehicles 2023-03-31 11317335 bus:SmallEntities 2022-04-01 2023-03-31 11317335 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 11317335 bus:FullAccounts 2022-04-01 2023-03-31 11317335 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 11317335 bus:RegisteredOffice 2022-04-01 2023-03-31 11317335 bus:Director1 2022-04-01 2023-03-31 11317335 bus:Director1 1 2022-04-01 2023-03-31 11317335 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 11317335 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 11317335 core:CommercialMotorVehicles 2022-04-01 2023-03-31 11317335 core:MotorVehicles 2022-04-01 2023-03-31 11317335 countries:England 2022-04-01 2023-03-31 11317335 2022-03-31 11317335 bus:Director1 1 2022-03-31 11317335 core:MotorVehicles 2022-03-31 11317335 2021-04-01 2022-03-31 11317335 2022-03-31 11317335 bus:Director1 1 2022-03-31 11317335 bus:OrdinaryShareClass1 2022-03-31 11317335 core:CurrentFinancialInstruments 2022-03-31 11317335 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 11317335 core:Non-currentFinancialInstruments 2022-03-31 11317335 core:Non-currentFinancialInstruments core:AfterOneYear 2022-03-31 11317335 core:MotorVehicles 2022-03-31 11317335 bus:Director1 1 2021-04-01 2022-03-31 11317335 bus:Director1 1 2021-03-31 iso4217:GBP xbrli:pure xbrli:shares

LBB Fixing Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2023

Registration number: 11317335

 

LBB Fixing Limited

Contents

Statement of financial position

1 to 2

Notes to the Unaudited Financial Statements

3 to 8

 

LBB Fixing Limited

(Registration number: 11317335)
Statement of financial position as at 31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

1,987

569

Current assets

 

Debtors

5

29,547

30,803

Cash at bank and in hand

 

16,803

23,747

 

46,350

54,550

Creditors: Amounts falling due within one year

6

(23,992)

(15,602)

Net current assets

 

22,358

38,948

Total assets less current liabilities

 

24,345

39,517

Creditors: Amounts falling due after more than one year

6

(11,912)

(16,283)

Provisions for liabilities

(378)

(108)

Net assets

 

12,055

23,126

Capital and reserves

 

Called up share capital

7

1

1

Retained earnings

12,054

23,125

Shareholders' funds

 

12,055

23,126

 

LBB Fixing Limited

(Registration number: 11317335)
Statement of financial position as at 31 March 2023

For the financial year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Income statement.

Approved and authorised by the director on 28 September 2023
 

.........................................
L Buxey
Director

 

LBB Fixing Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Solo House
The Courtyard
London Road
Horsham
West Sussex
RH12 1AT

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

LBB Fixing Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Van

25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the income statement over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

LBB Fixing Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

 

LBB Fixing Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

4

Tangible assets

Motor vehicles
 £

Total
£

Cost or valuation

At 1 April 2022

1,800

1,800

Additions

2,650

2,650

Disposals

(1,800)

(1,800)

At 31 March 2023

2,650

2,650

Depreciation

At 1 April 2022

1,231

1,231

Charge for the year

663

663

Eliminated on disposal

(1,231)

(1,231)

At 31 March 2023

663

663

Carrying amount

At 31 March 2023

1,987

1,987

At 31 March 2022

569

569

5

Debtors

Current

2023
£

2022
£

Trade debtors

19,449

2,190

Other debtors

10,098

28,613

 

29,547

30,803

 

LBB Fixing Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

3,247

1,707

Taxation and social security

19,482

12,632

Accruals and deferred income

1,263

1,263

23,992

15,602

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

8

11,912

16,283

7

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £1 each

1

1

1

1

         
 

LBB Fixing Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

8

Loans and borrowings

2023
£

2022
£

Non-current loans and borrowings

Bank borrowings

11,912

16,283

9

Related party transactions

Transactions with the director

2023

At 1 April 2022
£

Advances to director
£

Repayments by director
£

At 31 March 2023
£

L Buxey

Loan at 2.25% per annum

27,579

178

(27,579)

178

         
       

 

2022

At 1 April 2021
£

Advances to director
£

Repayments by director
£

At 31 March 2022
£

L Buxey

Loan at 2.25% per annum

16,658

27,579

(16,658)

27,579