LJF Access Services Ltd |
Notes to the Accounts |
for the period from 14 October 2022 to 31 October 2023 |
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1 |
Accounting policies |
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Basis of preparation |
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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). |
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Turnover |
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Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover arises from the rendering of services and 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. |
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Debtors |
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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. |
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Creditors |
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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. |
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Taxation |
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A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. |
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2 |
Employees |
2023 |
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Number |
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Average number of persons employed by the company |
1 |
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3 |
Debtors |
2023 |
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£ |
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Other debtors |
5,000 |
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4 |
Creditors: amounts falling due within one year |
2023 |
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£ |
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Taxation and social security costs |
6,067 |
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Other creditors |
1,261 |
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7,328 |
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5 |
Other information |
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LJF Access Services Ltd is a private company limited by shares and incorporated in Scotland. Its registered office is: |
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1 Victoria Road |
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Kirkcaldy |
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Fife |
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KY1 1DT |