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REGISTERED NUMBER: 09363926 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

FOR

L. INGLE CONTRACTING SERVICES LTD

L. INGLE CONTRACTING SERVICES LTD (REGISTERED NUMBER: 09363926)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


L. INGLE CONTRACTING SERVICES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2022







DIRECTOR: L Ingle





REGISTERED OFFICE: 53 Crowhill
Godmanchester
Huntingdon
Cambridgeshire
PE29 2NS





REGISTERED NUMBER: 09363926 (England and Wales)





ACCOUNTANTS: TC Group
4 Office Village
Forder Way
Cygnet Park, Hampton
Peterborough
Cambridgeshire
PE7 8GX

L. INGLE CONTRACTING SERVICES LTD (REGISTERED NUMBER: 09363926)

BALANCE SHEET
31 DECEMBER 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,207 1,006

CURRENT ASSETS
Debtors 5 30,686 7,677
Cash at bank 187 20,001
30,873 27,678
CREDITORS
Amounts falling due within one year 6 14,822 6,848
NET CURRENT ASSETS 16,051 20,830
TOTAL ASSETS LESS CURRENT LIABILITIES 17,258 21,836

CREDITORS
Amounts falling due after more than
one year

7

(16,333

)

(20,000

)

PROVISIONS FOR LIABILITIES 9 - (191 )
NET ASSETS 925 1,645

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 825 1,545
SHAREHOLDERS' FUNDS 925 1,645

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 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.

L. INGLE CONTRACTING SERVICES LTD (REGISTERED NUMBER: 09363926)

BALANCE SHEET - continued
31 DECEMBER 2022


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 26 November 2023 and were signed by:





L Ingle - Director


L. INGLE CONTRACTING SERVICES LTD (REGISTERED NUMBER: 09363926)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022


1. STATUTORY INFORMATION

L. Ingle Contracting 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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 have also been consistently applied within the same accounts.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

No significant judgements (apart from those involving estimations) have been made by management in the process of applying the entity's accounting policies and preparing these financial statements.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. There have been no key assumptions or there sources of estimation uncertainty that have a significant risk

Financial instruments
The company holds basic financial instruments as defined in FRS102. The financial assets and financial liabilities of the company and their measurement basis are as follows:

Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments. Cash at bank is classified as a basic financial instrument and is measured at amortised cost.

Financial liabilities - trade creditors, accruals and other creditors and basic financial instruments and are measured at amortised cost. Taxation and social security and not included in the financial instruments disclosure definition.

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.
Plant and machinery - 15% on reducing balance
Computer equipment - 15% on reducing balance


L. INGLE CONTRACTING SERVICES LTD (REGISTERED NUMBER: 09363926)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022


2. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 January 2022 150 2,110 2,260
Additions - 380 380
At 31 December 2022 150 2,490 2,640
DEPRECIATION
At 1 January 2022 102 1,152 1,254
Charge for year 7 172 179
At 31 December 2022 109 1,324 1,433
NET BOOK VALUE
At 31 December 2022 41 1,166 1,207
At 31 December 2021 48 958 1,006

L. INGLE CONTRACTING SERVICES LTD (REGISTERED NUMBER: 09363926)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Other debtors 7,644 -
Directors' current accounts 22,898 7,677
Deferred tax asset
Accelerated capital allowances 144 -
30,686 7,677

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Corporation tax 13,652 5,930
Social security and other taxes - (102 )
Accruals and deferred income 1,170 1,020
14,822 6,848

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022 2021
£    £   
Bank loans (see note 8) 16,333 20,000

8. LOANS

An analysis of the maturity of loans is given below:

2022 2021
£    £   
Amounts falling due between one and two years:
Bounce Back Loan 16,333 20,000

9. PROVISIONS FOR LIABILITIES
2021
£   
Deferred tax
Accelerated capital allowances 191

Deferred
tax
£   
Balance at 1 January 2022 191
Provided during year (335 )
Balance at 31 December 2022 (144 )

L. INGLE CONTRACTING SERVICES LTD (REGISTERED NUMBER: 09363926)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022


10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
100 Ordinary £1 100 100

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2022 and 31 December 2021:

2022 2021
£    £   
L Ingle
Balance outstanding at start of year 7,677 967
Amounts advanced 15,221 32,405
Amounts repaid - (25,695 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 22,898 7,677

This loan is interest free and was repaid within nine months of the year end.

12. RELATED PARTY DISCLOSURES

During the year, total dividends of £Nil (2021 - £24,208) were paid to the directors.

13. ULTIMATE CONTROLLING PARTY

The controlling party is Mr L Ingle by virtue of his shareholding.