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REGISTERED NUMBER: 13672158 (England and Wales)















L H Logs Ltd

Unaudited Financial Statements for the Year Ended 31 October 2023






L H Logs Ltd (Registered number: 13672158)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 5


L H Logs Ltd

Company Information
for the Year Ended 31 October 2023







DIRECTOR: L R Hart





REGISTERED OFFICE: 32 The Crescent
Spalding
PE11 1AF





REGISTERED NUMBER: 13672158 (England and Wales)





ACCOUNTANTS: Salway and Wright
22 Church Street
Holbeach
Lincolnshire
PE12 7LL

L H Logs Ltd (Registered number: 13672158)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 45,083 21,009

CURRENT ASSETS
Stocks 1,000 1,000
Debtors 5 - 201
Cash at bank 17,146 28,452
18,146 29,653
CREDITORS
Amounts falling due within one year 6 20,614 11,357
NET CURRENT (LIABILITIES)/ASSETS (2,468 ) 18,296
TOTAL ASSETS LESS CURRENT
LIABILITIES

42,615

39,305

CREDITORS
Amounts falling due after more than one
year

7

6,987

12,997
NET ASSETS 35,628 26,308

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 35,618 26,298
35,628 26,308

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

L H Logs Ltd (Registered number: 13672158)

Balance Sheet - continued
31 October 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 April 2024 and were signed by:





L R Hart - Director


L H Logs Ltd (Registered number: 13672158)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

L H Logs Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

L H Logs Ltd (Registered number: 13672158)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

4. TANGIBLE FIXED ASSETS
Equipment
£   
COST
At 1 November 2022 28,011
Additions 39,101
At 31 October 2023 67,112
DEPRECIATION
At 1 November 2022 7,002
Charge for year 15,027
At 31 October 2023 22,029
NET BOOK VALUE
At 31 October 2023 45,083
At 31 October 2022 21,009

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Other debtors - 201

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade creditors 7,100 9,426
Taxation and social security 3,714 1,931
Other creditors 9,800 -
20,614 11,357

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.23 31.10.22
£    £   
Bank loans 6,987 12,997