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Company Registration No. 9929255 (England and Wales)
L B PLASTERING LIMITED Unaudited accounts for the year ended 31 December 2023
L B PLASTERING LIMITED Unaudited accounts Contents
Page
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L B PLASTERING LIMITED Company Information for the year ended 31 December 2023
Director
Mr L Barnard
Company Number
9929255 (England and Wales)
Registered Office
Unit 2, Harbour Road Lowestoft NR32 3RF
Accountants
P Lacey & Associates Ltd Office 17 2 Regent House Lowestoft NR32 1PA
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L B PLASTERING LIMITED Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
22,628 
21,074 
Current assets
Debtors
21,058 
21,168 
Cash at bank and in hand
30,260 
48,549 
51,318 
69,717 
Creditors: amounts falling due within one year
(14,767)
(25,343)
Net current assets
36,551 
44,374 
Total assets less current liabilities
59,179 
65,448 
Creditors: amounts falling due after more than one year
(48,580)
(33,247)
Net assets
10,599 
32,201 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
10,597 
32,199 
Shareholders' funds
10,599 
32,201 
For the year ending 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 15 February 2024 and were signed on its behalf by
Mr L Barnard Director Company Registration No. 9929255
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L B PLASTERING LIMITED Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
L B PLASTERING LIMITED is a private company, limited by shares, registered in England and Wales, registration number 9929255. The registered office is Unit 2, Harbour Road, Lowestoft, NR32 3RF.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% reducing balance
Motor vehicles
15% reducing balance
Fixtures & fittings
15% reducing balance
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2023
2,241 
40,881 
376 
43,498 
Additions
- 
5,547 
- 
5,547 
At 31 December 2023
2,241 
46,428 
376 
49,045 
Depreciation
At 1 January 2023
1,172 
21,043 
209 
22,424 
Charge for the year
160 
3,808 
25 
3,993 
At 31 December 2023
1,332 
24,851 
234 
26,417 
Net book value
At 31 December 2023
909 
21,577 
142 
22,628 
At 31 December 2022
1,069 
19,838 
167 
21,074 
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L B PLASTERING LIMITED Notes to the Accounts for the year ended 31 December 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
- 
1,698 
Trade debtors
1,244 
48 
Other debtors
19,814 
19,422 
21,058 
21,168 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
6,857 
- 
Obligations under finance leases and hire purchase contracts
- 
11,602 
Taxes and social security
7,235 
13,066 
Accruals
675 
675 
14,767 
25,343 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
23,380 
33,247 
Obligations under finance leases and hire purchase contracts
7,583 
- 
Taxes and social security
17,617 
- 
48,580 
33,247 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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