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REGISTERED NUMBER: 11334417 (England and Wales)
















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023

FOR

LINCOLNSHIRE ROPE ACCESS WELDING
SERVICES LTD

LINCOLNSHIRE ROPE ACCESS WELDING
SERVICES LTD (REGISTERED NUMBER: 11334417)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


LINCOLNSHIRE ROPE ACCESS WELDING
SERVICES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2023







DIRECTOR: Mr B J Burkitt





REGISTERED OFFICE: 8 Grayingham Road
Kirton Lindsey
GAINSBOROUGH
Lincolnshire
DN21 4EL





REGISTERED NUMBER: 11334417 (England and Wales)





ACCOUNTANTS: Rigel Wolf Ltd
Orion House
28A Spital Terrace
GAINSBOROUGH
Lincolnshire
DN21 2HQ

LINCOLNSHIRE ROPE ACCESS WELDING
SERVICES LTD (REGISTERED NUMBER: 11334417)

BALANCE SHEET
30 APRIL 2023

30.4.23 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,724 10,779

CURRENT ASSETS
Cash at bank 1,641 2,359

CREDITORS
Amounts falling due within one year 5 5,445 5,491
NET CURRENT LIABILITIES (3,804 ) (3,132 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,920

7,647

PROVISIONS FOR LIABILITIES 6 2,229 2,049
NET ASSETS 5,691 5,598

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings 8 5,690 5,597
SHAREHOLDERS' FUNDS 5,691 5,598

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 November 2023 and were signed by:





Mr B J Burkitt - Director


LINCOLNSHIRE ROPE ACCESS WELDING
SERVICES LTD (REGISTERED NUMBER: 11334417)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

1. STATUTORY INFORMATION

Lincolnshire Rope Access Welding Services Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Tools and equipment - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

Government grants
Government grants received relate to business support for the COVID-19 pandemic and have been treated as income in the year that they have been received.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

LINCOLNSHIRE ROPE ACCESS WELDING
SERVICES LTD (REGISTERED NUMBER: 11334417)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023

4. TANGIBLE FIXED ASSETS
Tools and Motor Computer
equipment vehicles equipment Totals
£    £    £    £   
COST
At 1 May 2022 4,112 15,000 2,857 21,969
Additions 4,000 - - 4,000
At 30 April 2023 8,112 15,000 2,857 25,969
DEPRECIATION
At 1 May 2022 1,718 8,672 800 11,190
Charge for year 959 1,582 514 3,055
At 30 April 2023 2,677 10,254 1,314 14,245
NET BOOK VALUE
At 30 April 2023 5,435 4,746 1,543 11,724
At 30 April 2022 2,394 6,328 2,057 10,779

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade creditors 115 109
Corporation tax 3,361 3,269
Social security and other taxes 588 -
Directors' current accounts 534 1,296
Accruals and deferred income 847 817
5,445 5,491

6. PROVISIONS FOR LIABILITIES
30.4.23 30.4.22
£    £   
Deferred tax 2,229 2,049

Deferred
tax
£   
Balance at 1 May 2022 2,049
Accelerated capital allowances 180
Balance at 30 April 2023 2,229

7. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 30.4.23 30.4.22
value: £    £   
1 Ordinary £1 1 1

LINCOLNSHIRE ROPE ACCESS WELDING
SERVICES LTD (REGISTERED NUMBER: 11334417)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023

8. RESERVES
Retained
earnings
£   

At 1 May 2022 5,597
Profit for the year 15,093
Dividends (15,000 )
At 30 April 2023 5,690

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year, Mr B Burkitt - 100% shareholder - charged the company £312 (2022 - £312) for the use of home as office.

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £15,000 (2022 - £12,000) were paid to the director .

As at 30 April 2023 there was a balance owed by the company to Mr B Burkitt, the director and shareholder of £534 (2022 - £1,296).

This balance has been shown in Creditors.

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr B J Burkitt.