Company registration number 12445014 (England and Wales)
LDM ROOFING & GUTTERING SERVICES LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023
PAGES FOR FILING WITH REGISTRAR
LDM ROOFING & GUTTERING SERVICES LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
LDM ROOFING & GUTTERING SERVICES LTD
BALANCE SHEET
AS AT
28 FEBRUARY 2023
28 February 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
2,152
15,011
Current assets
Cash at bank and in hand
613
10,121
Creditors: amounts falling due within one year
4
(33,280)
(38,615)
Net current liabilities
(32,667)
(28,494)
Net liabilities
(30,515)
(13,483)
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
(30,615)
(13,583)
Total equity
(30,515)
(13,483)
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 21 November 2023
Mr L McGuinness
Director
Company registration number 12445014 (England and Wales)
LDM ROOFING & GUTTERING SERVICES LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023
- 2 -
1
Accounting policies
Company information
LDM ROOFING & GUTTERING SERVICES LTD is a private company limited by shares incorporated in England and Wales. The registered office is , Gautam House, 1 - 3 Shenley Avenue, Ruislip Manor, Middlesex, United Kingdom, HA4 6BP.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
1.2
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Plant and equipment
-25% on reducing balance
1.4
Taxation
The tax expense represents the sum of the tax currently payable.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
2
LDM ROOFING & GUTTERING SERVICES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2023
- 3 -
3
Tangible fixed assets
Plant and equipment
£
Cost
At 1 March 2022
20,015
Disposals
(16,190)
At 28 February 2023
3,825
Depreciation and impairment
At 1 March 2022
5,004
Depreciation charged in the year
717
Eliminated in respect of disposals
(4,048)
At 28 February 2023
1,673
Carrying amount
At 28 February 2023
2,152
At 28 February 2022
15,011
4
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans
25,263
34,037
Corporation tax
2,394
126
Other taxation and social security
4,123
2,952
Other creditors
1,500
1,500
33,280
38,615