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LRS Ceramic Tiling Limited
Registered Number:06527641
For the year ended 31 December 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 31 December 2023
LRS Ceramic Tiling Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
06527641
As at 31 December 2023
LRS Ceramic Tiling Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
258,936
155,475
3
258,936
155,475
Current assets
Inventories
18,000
7,983
4
Trade and other receivables
1,028,679
928,508
5
318,930
Cash and cash equivalents
217,031
1,153,522
1,365,609
Trade and other payables: amounts falling due within one
year
(187,237)
(100,500)
6
1,178,372
1,053,022
Net current assets
Total assets less current liabilities
1,311,958
1,333,847
Trade and other payables: amounts falling due after more
than one year
(32,500)
(34,177)
7
1,277,781
Net assets
1,301,347
Capital and reserves
Called up share capital
94
94
Retained earnings
1,277,661
1,301,227
Other reserves
26
26
1,277,781
1,301,347
Shareholders' funds
For the year ended 31 December 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 31 December 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his 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.
Mr Ryan McKeown Director
These financial statements were approved and authorised for issue by the Board on 25 March 2024 and were signed by:
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4
Registered Number :
06527641
For the year ended 31 December 2023
LRS Ceramic Tiling Limited
Statement of Financial Position Continued
The notes form part of these financial statements
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5
For the year ended 31 December 2023
LRS Ceramic Tiling Limited
Notes to the Financial Statements
Statutory Information
LRS Ceramic Tiling Limited is a private limited company, limited by shares, domiciled in England and Wales,
registration number 06527641.
Registered address:
Unit 12, Avro Park
First Ave, Auckley
Doncaster
South Yorkshire
DN9 3RJ
The presentation currency is £ sterling.
1. Accounting policies
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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, 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 machinery
25% Reducing balance
25% Reducing balance
Motor vehicles
25% Reducing balance
Fixtures and fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2. Intangible fixed assets
Goodwill
Cost or valuation
£
At 01 January 2023
280,500
At 31 December 2023
280,500
Amortisation
At 01 January 2023
280,500
At 31 December 2023
280,500
Net book value
At 31 December 2023
-
At 31 December 2022
-
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6
For the year ended 31 December 2023
LRS Ceramic Tiling Limited
Notes to the Financial Statements Continued
3. Property, plant and equipment
Total
Fixtures and
fittings
Motor vehicles
Plant and
machinery
Land and
buildings
£
£
£
£
£
Cost or
valuation
At 01 January 2023
268,921
28,503
193,420
8,153
38,845
252,577
15,666
236,104
807
-
Additions
-
(99,200)
-
-
Disposals
(99,200)
At 31 December 2023
8,960
330,324
44,169
422,298
38,845
Provision for depreciation and impairment
At 01 January 2023
113,446
19,146
88,673
5,627
-
Charge for year
73,363
6,256
66,274
833
-
(23,447)
-
(23,447)
-
-
On disposal
At 31 December 2023
163,362
25,402
131,500
6,460
-
At 31 December 2023
Net book value
38,845
2,500
198,824
18,767
258,936
At 31 December 2022
38,845
2,526
104,747
9,357
155,475
4. Inventories
2022
2023
£
£
Stocks
7,983
18,000
5. Trade and other receivables
2022
2023
£
£
Trade debtors
400,204
533,259
Other debtors
528,304
495,420
1,028,679
928,508
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7
For the year ended 31 December 2023
LRS Ceramic Tiling Limited
Notes to the Financial Statements Continued
6. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Bank loans and overdraft
10,000
10,000
Trade creditors
28,274
50,252
Taxation and social security
44,724
114,144
Other creditors
17,502
12,841
100,500
187,237
7. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Bank loans and overdraft
22,500
32,500
Other creditors
11,677
-
34,177
32,500
8. Average number of persons employed
During the year the average number of employees was 14 (2022 : 14)
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