Registered Number:03530837 |
For the year ended 31 March 2023
England and Wales
Unaudited Financial Statements
L & H Decorators Limited
Statement of Financial Position
2022
2023
Property, plant and equipment |
344,487
384,509
2
344,487
384,509
2,610
2,830
3
Trade and other receivables |
501,930
958,902
4
1,914,632
Cash and cash equivalents |
1,543,117
2,504,849
2,419,172
Trade and other payables: amounts falling due within one |
year |
(468,707)
(464,420)
5
1,950,465
2,040,429
Net current assets
Total assets less current liabilities |
2,384,916
2,334,974
2,384,916
Net assets
2,334,974
300
300
2,384,616
2,334,674
2,384,916
2,334,974
Shareholders' funds
For the year ended 31 March 2023 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006 |
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
Mr John Spencer Hughes Director |
These financial statements were approved and authorised for issue by the Board on 20 November 2023 and were signed by: |
The notes form part of these financial statements |
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For the year ended 31 March 2023
L & H Decorators Limited
Notes to the Financial Statements
Statutory Information
L & H Decorators Limited is a private limited company, limited by shares, domiciled in England and Wales, registration |
number 03530837. |
Suite 1&2 Tarleton Court Yard
Church Road
Tarleton
Preston
PR4 6UP
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Motor vehicles
Fixtures, fittings & equipment
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred. |
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. |
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For the year ended 31 March 2023
L & H Decorators Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment |
Fixtures, |
fittings & |
equipment |
Motor vehicles
Property
563,242
76,115
373,530
113,597
24,134
6,134
18,000
-
-
(4,495)
-
(4,495)
113,597
387,035
82,249
582,881
Provision for depreciation and impairment |
178,733
55,466
111,907
11,360
Charge for year
63,553
5,356
55,925
2,272
(3,892)
-
(3,892)
-
238,394
60,822
163,940
13,632
99,965
223,095
21,427
344,487
102,237
261,623
20,649
384,509
2022
2023
2,830
2,610
4. Trade and other receivables |
2022
2023
877,542
445,853
81,360
56,077
501,930
958,902
5. Trade and other payables: amounts falling due within one year |
2022
2023
119,104
47,203
Taxation and social security |
102,120
158,146
243,196
263,358
464,420
468,707
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For the year ended 31 March 2023
L & H Decorators Limited
Notes to the Financial Statements Continued
6. Related party transactions |
Dividends paid totalling £ 75000 (2022: £73000) |
Dividends paid totalling £78000 (2022: £ 68000) |
7. Directors advances and guarantees |
Repaid
Mr John Spencer Hughes
Directors Advance
(2,715)
(2,115)
600
(2,715)
(2,115)
600
Mr Peter Latham
Directors Advance
(2,715)
(2,115)
600
(2,715)
(2,115)
600
8. Average number of persons employed |
During the year the average number of employees was 20 (2022 : 21)
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