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Company Registration No. 09593424 (England and Wales)
LEM Carpentry Limited Unaudited accounts for the year ended 31 March 2023
LEM Carpentry Limited Unaudited accounts Contents
Page
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LEM Carpentry Limited Company Information for the year ended 31 March 2023
Directors
Lloyd Mitchell Julie Mitchell
Company Number
09593424 (England and Wales)
Registered Office
18 Pitcairn Road Smethwick Warley West Midlands B67 5NF
Accountants
R M Accountancy Services Ltd The Old Post Office 137-139 Long Street Dordon Staffordshire B78 1SH
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LEM Carpentry Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
5,665 
7,082 
Current assets
Debtors
74,715 
113,614 
Cash at bank and in hand
74,367 
143,982 
149,082 
257,596 
Creditors: amounts falling due within one year
(12,202)
(59,786)
Net current assets
136,880 
197,810 
Total assets less current liabilities
142,545 
204,892 
Creditors: amounts falling due after more than one year
(1,432)
(3,319)
Net assets
141,113 
201,573 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
141,112 
201,572 
Shareholders' funds
141,113 
201,573 
For the 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. 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 13 October 2023 and were signed on its behalf by
Lloyd Mitchell Director Company Registration No. 09593424
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LEM Carpentry Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
LEM Carpentry Limited is a private company, limited by shares, registered in England and Wales, registration number 09593424. The registered office is 18 Pitcairn Road, Smethwick, Warley, West Midlands, B67 5NF.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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
20% Reducing balance
Leased assets
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Presentation currency
The accounts are presented in £ sterling.
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LEM Carpentry Limited Notes to the Accounts for the year ended 31 March 2023
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 April 2022
13,816 
At 31 March 2023
13,816 
Depreciation
At 1 April 2022
6,734 
Charge for the year
1,417 
At 31 March 2023
8,151 
Net book value
At 31 March 2023
5,665 
At 31 March 2022
7,082 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
20,130 
36,024 
Other debtors
54,585 
77,590 
74,715 
113,614 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
(2,893)
(755)
Obligations under finance leases and hire purchase contracts
2,104 
2,104 
Trade creditors
1,777 
2,184 
Taxes and social security
11,214 
56,253 
12,202 
59,786 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Obligations under finance leases and hire purchase contracts
1,432 
3,319 
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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