Registered number
06847455
Lucksfield Building Services Limited
Filleted Accounts
31 October 2023
Lucksfield Building Services Limited
Registered number: 06847455
Balance Sheet
as at 31 October 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 4 634 846
Current assets
Debtors 5 476 412
Cash at bank and in hand 2,597 1,942
3,073 2,354
Creditors: amounts falling due within one year 6 (45,001) (52,321)
Net current liabilities (41,928) (49,967)
Total assets less current liabilities (41,294) (49,121)
Creditors: amounts falling due after more than one year 7 (1,900) (3,100)
Net liabilities (43,194) (52,221)
Capital and reserves
Called up share capital 1 1
Profit and loss account (43,195) (52,222)
Shareholder's funds (43,194) (52,221)
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 C T O Luck
Director
Approved by the board on 18 March 2024
Lucksfield Building Services Limited
Notes to the Accounts
for the year ended 31 October 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.
Going Concern
The financial statements have been prepared on the going concern basis. This is on the understanding that any losses will be borne by the company's shareholder.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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:
Plant and machinery 25% reducing balance
Motor vehicles 25% reducing balance
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Intangible fixed assets £
Goodwill:
Cost
At 1 November 2022 20,000
At 31 October 2023 20,000
Amortisation
At 1 November 2022 20,000
At 31 October 2023 20,000
Net book value
At 31 October 2023 -
Goodwill has been written off in equal annual instalments over its estimated economic life of 10 years.
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 November 2022 5,330 3,000 8,330
At 31 October 2023 5,330 3,000 8,330
Depreciation
At 1 November 2022 5,018 2,466 7,484
Charge for the year 78 134 212
At 31 October 2023 5,096 2,600 7,696
Net book value
At 31 October 2023 234 400 634
At 31 October 2022 312 534 846
5 Debtors 2023 2022
£ £
Other debtors 476 412
6 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 1,200 1,200
Taxation and social security costs - 223
Other creditors 43,801 50,898
45,001 52,321
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 1,900 3,100
8 Other information
Lucksfield Building Services Limited is a private company limited by shares and incorporated in England. Its registered office is:
Demar House, 14 Church Road
East Wittering
Chichester
West Sussex
PO20 8PS
Lucksfield Building Services Limited 06847455 false 2022-11-01 2023-10-31 2023-10-31 VT Final Accounts April 2022 Mr C T O Luck No description of principal activity 06847455 2021-11-01 2022-10-31 06847455 core:WithinOneYear 2022-10-31 06847455 core:AfterOneYear 2022-10-31 06847455 core:ShareCapital 2022-10-31 06847455 core:RetainedEarningsAccumulatedLosses 2022-10-31 06847455 2022-11-01 2023-10-31 06847455 bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 06847455 bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 06847455 bus:Director40 2022-11-01 2023-10-31 06847455 1 2022-11-01 2023-10-31 06847455 2 2022-11-01 2023-10-31 06847455 core:PlantMachinery 2022-11-01 2023-10-31 06847455 core:Vehicles 2022-11-01 2023-10-31 06847455 countries:England 2022-11-01 2023-10-31 06847455 bus:FRS102 2022-11-01 2023-10-31 06847455 bus:FullAccounts 2022-11-01 2023-10-31 06847455 2023-10-31 06847455 core:WithinOneYear 2023-10-31 06847455 core:AfterOneYear 2023-10-31 06847455 core:ShareCapital 2023-10-31 06847455 core:RetainedEarningsAccumulatedLosses 2023-10-31 06847455 core:Goodwill 2023-10-31 06847455 core:PlantMachinery 2023-10-31 06847455 core:Vehicles 2023-10-31 06847455 2022-10-31 06847455 core:Goodwill 2022-10-31 06847455 core:PlantMachinery 2022-10-31 06847455 core:Vehicles 2022-10-31 iso4217:GBP xbrli:pure