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
L B PLASTERING LIMITED
Company Information
for the year ended 31 December 2023
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
L B PLASTERING LIMITED
Statement of financial position
as at 31 December 2023
Tangible assets
22,628
21,074
Cash at bank and in hand
30,260
48,549
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)
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
L B PLASTERING LIMITED
Notes to the Accounts
for the year ended 31 December 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 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
At 31 December 2023
2,241
46,428
376
49,045
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
At 31 December 2023
909
21,577
142
22,628
At 31 December 2022
1,069
19,838
167
21,074
L B PLASTERING LIMITED
Notes to the Accounts
for the year ended 31 December 2023
Amounts falling due within one year
Other debtors
19,814
19,422
6
Creditors: amounts falling due within one year
2023
2022
Obligations under finance leases and hire purchase contracts
-
11,602
Taxes and social security
7,235
13,066
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
7,583
-
Taxes and social security
17,617
-
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).