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Lloyd Lundie Building Contractors Limited
Registered Number:06149167
For the year ended 31 March 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 31 March 2023
Lloyd Lundie Building Contractors Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
06149167
As at 31 March 2023
Lloyd Lundie Building Contractors Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
19,959
26,613
2
19,959
26,613
Current assets
Inventories
48,997
40,878
3
Trade and other receivables
61,234
111,376
4
65,424
Cash and cash equivalents
25,164
177,418
175,655
Trade and other payables: amounts falling due within one year
(159,670)
(180,233)
5
15,985
(2,815)
Net current liabilities
Total assets less current liabilities
17,144
42,598
Trade and other payables: amounts falling due after more than
one year
(40,709)
(84,788)
6
(67,644)
Net assets/liabilities
1,889
Capital and reserves
Called up share capital
2
2
Retained earnings
(67,646)
1,887
(67,644)
1,889
Shareholders' funds
For the year ended 31 March 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 March 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.
Mr L Lundie Director
Mrs A Lundie Director
These financial statements were approved and authorised for issue by the Board on 10 January 2024 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 March 2023
Lloyd Lundie Building Contractors Limited
Notes to the Financial Statements
Statutory Information
Lloyd Lundie Building Contractors Limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 06149167.
Principal place of business:
Bluebell House
Mill Lane, Faversham Road
Challock, Ashford
Kent
TN25 4FA
Registered address:
3 Conqueror Court
Sittingbourne
Kent
ME10 5BH
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
Computer equipment
25% Reducing balance
Motor vehicles
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.
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.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable.
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5
For the year ended 31 March 2023
Lloyd Lundie Building Contractors Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
equipment
Motor vehicles
Plant and
machinery
£
£
£
£
Cost or valuation
At 01 April 2022
55,053
5,255
37,328
12,470
At 31 March 2023
12,470
37,328
5,255
55,053
Provision for depreciation and impairment
At 01 April 2022
28,440
3,273
17,614
7,553
Charge for year
6,654
496
4,929
1,229
At 31 March 2023
35,094
3,769
22,543
8,782
At 31 March 2023
Net book value
3,688
14,785
1,486
19,959
At 31 March 2022
4,917
19,714
1,982
26,613
3. Inventories
2022
2023
£
£
Stocks
40,878
48,997
4. Trade and other receivables
2022
2023
£
£
Trade debtors
1,000
-
Other debtors
110,376
61,234
61,234
111,376
5. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Bank loans and overdraft (secured)
28,198
-
Trade creditors
51,958
47,234
Taxation and social security
31,155
37,557
Other creditors
68,922
74,879
180,233
159,670
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6
For the year ended 31 March 2023
Lloyd Lundie Building Contractors Limited
Notes to the Financial Statements Continued
6. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Bank loans and overdraft
-
40,709
Bank loans and overdraft (secured)
74,865
-
Other creditors
9,923
-
84,788
40,709
7. Average number of persons employed
During the year the average number of employees was 2 (2022 : 2)
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