2022-03-012023-02-282023-02-28false13182861LCR SOLUTIONS NORTH EAST 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LCR SOLUTIONS NORTH EAST LTD

Registered Number
13182861
(England and Wales)

Unaudited Financial Statements for the Year ended
28 February 2023

LCR SOLUTIONS NORTH EAST LTD
Company Information
for the year from 1 March 2022 to 28 February 2023

Director

CHARLTON, Lee Craig

Registered Address

Unit G21 Eleventh Avenue North
Team Valley Trading Estate
Gateshead
NE11 0NJ

Registered Number

13182861 (England and Wales)
LCR SOLUTIONS NORTH EAST LTD
Balance Sheet as at
28 February 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Intangible assets67,2009,600
Tangible assets717,89821,368
25,09830,968
Current assets
Debtors87,0969,597
Cash at bank and on hand30,72512,031
37,82121,628
Creditors amounts falling due within one year9(29,828)(25,537)
Net current assets (liabilities)7,993(3,909)
Total assets less current liabilities33,09127,059
Creditors amounts falling due after one year(9,762)(14,643)
Net assets23,32912,416
Capital and reserves
Called up share capital100100
Profit and loss account23,22912,316
Shareholders' funds23,32912,416
The financial statements were approved and authorised for issue by the Director on 29 November 2023, and are signed on its behalf by:
CHARLTON, Lee Craig
Director
Registered Company No. 13182861
LCR SOLUTIONS NORTH EAST LTD
Notes to the Financial Statements
for the year ended 28 February 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Principal activities
The company's principal activity during the year continued to be roofing activities.
3.Basis of measurement used in financial statements
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
4.Accounting policies
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Plant and machinery5
Fixtures and fittings5
Vehicles5
Office Equipment5
Intangible assets policy
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Taxation policy
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Leases policy
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
5.Employee information

20232022
Average number of employees during the year11
6.Intangible assets

Other

Total

££
Cost or valuation
At 01 March 2212,00012,000
At 28 February 2312,00012,000
Amortisation and impairment
At 01 March 222,4002,400
Charge for year2,4002,400
At 28 February 234,8004,800
Net book value
At 28 February 237,2007,200
At 28 February 229,6009,600
7.Property, plant and equipment

Plant & machinery

Vehicles

Office Equipment

Total

££££
Cost or valuation
At 01 March 22-25,92578526,710
Additions560-1,7802,340
At 28 February 2356025,9252,56529,050
Depreciation and impairment
At 01 March 22-5,1851575,342
Charge for year1125,1855135,810
At 28 February 2311210,37067011,152
Net book value
At 28 February 2344815,5551,89517,898
At 28 February 22-20,74062821,368
8.Debtors

2023

2022

££
Other debtors7,0969,597
Total7,0969,597
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
9.Creditors within one year

2023

2022

££
Trade creditors / trade payables352410
Amounts owed to related parties12,23517,923
Taxation and social security10,568-
Finance lease and HP contracts4,8814,881
Other creditors1,2921,842
Accrued liabilities and deferred income500481
Total29,82825,537
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
10.Finance lease and HP contracts after one year

2023

2022

££
Finance lease and HP contracts9,76214,643
11.Provisions for liabilities
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.