Libra Utility Services Ltd |
Registered Number:13761527 |
For the year ended 30 November 2023
England and Wales
Unaudited Financial Statements
For the year ended 30 November 2023
Libra Utility Services Ltd
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
Libra Utility Services Ltd
Statement of Financial Position
2022
2023
Property, plant and equipment |
429,435
22,830
2
429,435
22,830
-
29,699
3
Trade and other receivables |
478,799
606,203
4
18,886
Cash and cash equivalents |
136,263
772,165
497,685
Trade and other payables: amounts falling due within one |
year |
(234,837)
(626,241)
5
262,848
145,924
Net current assets
Total assets less current liabilities |
575,359
285,678
Trade and other payables: amounts falling due after more |
than one year |
-
(276,295)
6
(83,425)
(5,251)
Provisions for liabilities |
215,639
Net assets
280,427
100
100
215,539
280,327
215,639
280,427
Shareholders' funds
For the year ended 30 November 2023 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006 |
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
1 of 5
For the year ended 30 November 2023
Libra Utility Services Ltd
Statement of Financial Position Continued
Mr Joseph Lawrence Director |
These financial statements were approved and authorised for issue by the Board on 13 March 2024 and were signed by: |
The notes form part of these financial statements |
2 of 5
For the year ended 30 November 2023
Libra Utility Services Ltd
Notes to the Financial Statements
Statutory Information
Libra Utility Services Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration |
number 13761527. |
Hall Wood Business Park
North Dane Way
Chatham
Kent
ME9 7TT
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax in relation to the provision of utility services including drainage, property and scaffolding. |
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and Equipment
Computer Equipment
16.67% - 33% Straight line |
Motor Vehicles
Furniture and Fittings
Motor vehicles purchased on finance leases are depreciated over the term of the lease. These range from 36 |
months to 60 months |
Inventories
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straightline basis over the period of the lease.
3 of 5
For the year ended 30 November 2023
Libra Utility Services Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment |
30,440
-
-
12,500
17,940
458,337
44,884
6,254
382,489
24,710
394,989
6,254
44,884
488,777
42,650
Provision for depreciation and impairment |
7,610
-
-
3,125
4,485
Charge for year
51,732
4,740
1,027
38,924
7,041
59,342
4,740
1,027
42,049
11,526
31,124
352,940
5,227
40,144
429,435
13,455
9,375
-
-
22,830
2022
2023
29,699
-
4. Trade and other receivables |
2022
2023
465,013
447,984
Amounts owed by group undertakings and participating interests |
1,621
-
139,569
30,815
478,799
606,203
5. Trade and other payables: amounts falling due within one year |
2022
2023
275,473
81,484
Taxation and social security |
67,036
122,603
283,732
30,750
626,241
234,837
4 of 5
For the year ended 30 November 2023
Libra Utility Services Ltd
Notes to the Financial Statements Continued
6. Trade and other payables: amounts falling due after more than one year |
2022
2023
276,295
-
7. Average number of persons employed |
During the year the average number of employees was 15 (2022 : 5)
5 of 5