Registered number
07774381
LUCAS CONSTRUCTION DESIGN & BUILD LTD
Filleted Accounts
30 September 2023
LUCAS CONSTRUCTION DESIGN & BUILD LTD
Registered number: 07774381
Balance Sheet
as at 30 September 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 50,205 52,873
Current assets
Stocks 15,500 99,307
Debtors 4 466,791 345,216
Cash at bank and in hand 427,867 163,022
910,158 607,545
Creditors: amounts falling due within one year 5 (527,168) (362,683)
Net current assets 382,990 244,862
Total assets less current liabilities 433,195 297,735
Creditors: amounts falling due after more than one year 6 (25,654) (44,870)
Net assets 407,541 252,865
Capital and reserves
Called up share capital 100 100
Profit and loss account 407,441 252,765
Shareholder's funds 407,541 252,865
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
Mr L PULAK
Director
Approved by the board on 18 March 2024
LUCAS CONSTRUCTION DESIGN & BUILD LTD
Notes to the Accounts
for the year ended 30 September 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:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery 25% reduced balance
Fixtures, fittings, tools and equipment 25% reduced balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
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.
Creditors
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.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
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 1 1
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 October 2022 36,636 114,329 150,965
Additions 10,000 - 10,000
At 30 September 2023 46,636 114,329 160,965
Depreciation
At 1 October 2022 18,975 79,117 98,092
Charge for the year 3,865 8,803 12,668
At 30 September 2023 22,840 87,920 110,760
Net book value
At 30 September 2023 23,796 26,409 50,205
At 30 September 2022 17,661 35,212 52,873
4 Debtors 2023 2022
£ £
Trade debtors 114,228 177,417
Other debtors 352,563 167,799
466,791 345,216
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 10,000 10,000
Obligations under finance lease and hire purchase contracts 7,452 28,330
Trade creditors 90,747 50,683
Taxation and social security costs 165,890 88,087
Other creditors 253,079 185,583
527,168 362,683
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 16,667 26,667
Obligations under finance lease and hire purchase contracts 8,987 18,203
25,654 44,870
7 Related party transactions
Included in the other debtors category are amounts of £338,177 and £2,385 owed by BRIXWELL DEVELOPMENTS LTD and LAP DEVELOPMENTS LTD, respectively. Both companies are under common control. These loans carry no interest charges and do not have fixed repayment dates.

During the year, the Company rented a property from BRIXWELL DEVELOPMENTS LTD for an amount of £14,400.
8 Other information
LUCAS CONSTRUCTION DESIGN & BUILD LTD is a private company limited by shares and incorporated in England. Its registered office is:
44 Kinnaird Avenue
Bromley
BR1 4HQ
LUCAS CONSTRUCTION DESIGN & BUILD LTD 07774381 false 2022-10-01 2023-09-30 2023-09-30 VT Final Accounts April 2024 Mr L PULAK No description of principal activity 07774381 2021-10-01 2022-09-30 07774381 core:WithinOneYear 2022-09-30 07774381 core:AfterOneYear 2022-09-30 07774381 core:ShareCapital 2022-09-30 07774381 core:RetainedEarningsAccumulatedLosses 2022-09-30 07774381 2022-10-01 2023-09-30 07774381 bus:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 07774381 bus:AuditExempt-NoAccountantsReport 2022-10-01 2023-09-30 07774381 bus:Director40 2022-10-01 2023-09-30 07774381 1 2022-10-01 2023-09-30 07774381 2 2022-10-01 2023-09-30 07774381 core:PlantMachinery 2022-10-01 2023-09-30 07774381 core:Vehicles 2022-10-01 2023-09-30 07774381 countries:England 2022-10-01 2023-09-30 07774381 bus:FRS102 2022-10-01 2023-09-30 07774381 bus:FilletedAccounts 2022-10-01 2023-09-30 07774381 2023-09-30 07774381 core:WithinOneYear 2023-09-30 07774381 core:AfterOneYear 2023-09-30 07774381 core:ShareCapital 2023-09-30 07774381 core:RetainedEarningsAccumulatedLosses 2023-09-30 07774381 core:PlantMachinery 2023-09-30 07774381 core:Vehicles 2023-09-30 07774381 2022-09-30 07774381 core:PlantMachinery 2022-09-30 07774381 core:Vehicles 2022-09-30 iso4217:GBP xbrli:pure