Company Registration No. 13531466 (England and Wales)
LA Holdings (Staffs) Limited
Unaudited accounts
for the year ended 31 July 2023
LA Holdings (Staffs) Limited
Unaudited accounts
Contents
LA Holdings (Staffs) Limited
Company Information
for the year ended 31 July 2023
Directors
H L Cutland
O A Hulme
Company Number
13531466 (England and Wales)
Registered Office
40a Brookhouse Road
Parkhouse Industrial Estate West
Newcastle under Lyme
Staffordshire
ST5 7RU
England
Accountants
Tyler Cobane Limited
29 Walton Way
Walton
Stone
Staffordshire
ST15 0JF
LA Holdings (Staffs) Limited
Statement of financial position
as at 31 July 2023
Tangible assets
56,652
27,517
Cash at bank and in hand
2,601
35,264
Creditors: amounts falling due within one year
(41,985)
(31,012)
Net current assets
18,628
29,903
Total assets less current liabilities
75,301
57,441
Creditors: amounts falling due after more than one year
(31,474)
(18,806)
Provisions for liabilities
Deferred tax
(10,764)
(5,228)
Called up share capital
120
120
Profit and loss account
32,943
33,287
Shareholders' funds
33,063
33,407
For the year ending 31 July 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 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 18 November 2023 and were signed on its behalf by
O A Hulme
Director
Company Registration No. 13531466
LA Holdings (Staffs) Limited
Notes to the Accounts
for the year ended 31 July 2023
LA Holdings (Staffs) Limited is a private company, limited by shares, registered in England and Wales, registration number 13531466. The registered office is 40a Brookhouse Road, Parkhouse Industrial Estate West, Newcastle under Lyme, Staffordshire, ST5 7RU, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% reducing balance
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
LA Holdings (Staffs) Limited
Notes to the Accounts
for the year ended 31 July 2023
4
Tangible fixed assets
Motor vehicles
5
Investments
Subsidiary undertakings
Valuation at 1 August 2022
21
Valuation at 31 July 2023
21
The company's investment at the Statement of Financial Position date in the share capital of companies include the following:
M2 Developments (Staffs) Limited
Registered office: 40A Brookhouse Road, Parkhouse Industrial Estate West, Newcastle, Stoke on Trent, ST5 7RU
Nature of business : Development of building projects
Class of shares: holding
Ordinary: 100.00%
31.07.23
Aggregate capital and reserves £9,337
(Loss)/profit for the year £9,916
M2 Construction (Staffs) Ltd
Registered office: 40A Brookhouse Road, Parkhouse Industrial Estate West, Newcastle, Stoke on Trent, ST5 7RU
Nature of business : Development of building projects
Class of shares: holding
Ordinary: 100.00%
28.02.23
Aggregate capital and reserves £174,492
(Loss)/profit for the year £19,366
LA Holdings (Staffs) Limited
Notes to the Accounts
for the year ended 31 July 2023
Amounts falling due within one year
Trade debtors
21,862
19,117
Other debtors
36,150
6,534
7
Creditors: amounts falling due within one year
2023
2022
Obligations under finance leases and hire purchase contracts
13,125
6,358
Taxes and social security
27,460
22,640
Other creditors
1,400
2,014
8
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
31,474
18,806
9
Deferred taxation
2023
2022
Accelerated capital allowances
10,764
5,228
Provision at start of year
5,228
-
Charged to the profit and loss account
5,536
5,228
Provision at end of year
10,764
5,228
10
Average number of employees
During the year the average number of employees was 4 (2022: 3).