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REGISTERED NUMBER: 06304369 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

L & C Drylining And Plastering Limited

L & C Drylining And Plastering Limited (Registered number: 06304369)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


L & C Drylining And Plastering Limited

Company Information
for the Year Ended 31 July 2023







DIRECTOR: Mr M Pruteanu





SECRETARY: Mrs L Pruteanu





REGISTERED OFFICE: Midwaye
Bournebridge Lane
Stapleford Abbotts
RM4 1LT





REGISTERED NUMBER: 06304369 (England and Wales)





ACCOUNTANTS: E Johnson & Associates
Chartered Certified Accountants
637 Green Lanes
London
N8 0RE

L & C Drylining And Plastering Limited (Registered number: 06304369)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,248 13,664

CURRENT ASSETS
Debtors 5 94,598 105,598
Cash at bank 29,139 -
123,737 105,598
CREDITORS
Amounts falling due within one
year

6

78,650

55,567
NET CURRENT ASSETS 45,087 50,031
TOTAL ASSETS LESS CURRENT
LIABILITIES

55,335

63,695

CREDITORS
Amounts falling due after more
than one year

7

18,333

28,333
NET ASSETS 37,002 35,362

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 36,902 35,262
SHAREHOLDERS' FUNDS 37,002 35,362

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 & C Drylining And Plastering Limited (Registered number: 06304369)

Balance Sheet - continued
31 July 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 11 March 2024 and were signed by:





Mr M Pruteanu - Director


L & C Drylining And Plastering Limited (Registered number: 06304369)

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

1. STATUTORY INFORMATION

L & C Drylining And Plastering Limited 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.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 3 ) .

L & C Drylining And Plastering Limited (Registered number: 06304369)

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

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 August 2022
and 31 July 2023 9,352 42,764 2,165 54,281
DEPRECIATION
At 1 August 2022 9,116 30,082 1,419 40,617
Charge for year 59 3,170 187 3,416
At 31 July 2023 9,175 33,252 1,606 44,033
NET BOOK VALUE
At 31 July 2023 177 9,512 559 10,248
At 31 July 2022 236 12,682 746 13,664

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 25,174 27,463
Other debtors 69,424 78,135
94,598 105,598

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans and overdrafts 10,000 16,501
Trade creditors 42,022 19,410
Taxation and social security 13,105 6,220
Other creditors 13,523 13,436
78,650 55,567

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.23 31.7.22
£    £   
Bank loans 18,333 28,333

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.23 31.7.22
value: £    £   
100 Ordinary £1 100 100

L & C Drylining And Plastering Limited (Registered number: 06304369)

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

9. RESERVES
Retained
earnings
£   

At 1 August 2022 35,262
Profit for the year 42,640
Dividends (41,000 )
At 31 July 2023 36,902

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £20,500 (2022 - £7,000) were paid to the director .

11. ULTIMATE CONTROLLING PARTY

The controlling party is Mr M Pruteanu.

By virtue of being the sole director of the company and controls 50% of the ordinary share capital of the company.