Registered number
07635641
LJS ELECTRICAL AND PROPERTY SERVICES LIMITED
Filleted Accounts
31 May 2023
LJS ELECTRICAL AND PROPERTY SERVICES LIMITED
Registered number: 07635641
Balance Sheet
as at 31 May 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 7,333 12,729
Current assets
Cash at bank and in hand 27,278 32,471
Creditors: amounts falling due within one year 4 (17,562) (16,932)
Net current assets 9,716 15,539
Net assets 17,049 28,268
Capital and reserves
Called up share capital 10 10
Profit and loss account 17,039 28,258
Shareholders' funds 17,049 28,268
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
L J Smith
Director
Approved by the board on 25 January 2024
LJS ELECTRICAL AND PROPERTY SERVICES LIMITED
Notes to the Accounts
for the year ended 31 May 2023
1 Accounting policies
Basis of preparation
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).
Turnover
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. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 2 years
Motor vehicles over 4 years
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Current tax liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 1
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 June 2022 1,832 25,457 27,289
Additions 1,936 - 1,936
At 31 May 2023 3,768 25,457 29,225
Depreciation
At 1 June 2022 1,832 12,728 14,560
Charge for the year 968 6,364 7,332
At 31 May 2023 2,800 19,092 21,892
Net book value
At 31 May 2023 968 6,365 7,333
At 31 May 2022 - 12,729 12,729
4 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 16,937 16,165
Other creditors 625 767
17,562 16,932
5 Controlling party
The company is controlled by the directors.
6 Other information
LJS ELECTRICAL AND PROPERTY SERVICES LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
12 Highfields Road
Chasetown
Staffordshire
WS7 4QU
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