Company Registration No. 13296865 (England and Wales)
LOCAL BUILDERS LTD
Unaudited accounts
for the year ended 28 February 2023
LOCAL BUILDERS LTD
Unaudited accounts
Contents
LOCAL BUILDERS LTD
Company Information
for the year ended 28 February 2023
Company Number
13296865 (England and Wales)
Registered Office
1 BASSETT WAY
SLOUGH
SL2 2JX
ENGLAND
Accountants
Bismil Accountants
Challenge House, SLZ1
616 Mitcham Road
Croydon
CR0 3AA
LOCAL BUILDERS LTD
Statement of financial position
as at 28 February 2023
Tangible assets
3,264
3,629
Cash at bank and in hand
105
2,050
Creditors: amounts falling due within one year
(6,040)
(7,930)
Net current liabilities
(3,306)
(3,523)
Net (liabilities)/assets
(42)
106
Called up share capital
1
1
Profit and loss account
(43)
105
Shareholders' funds
(42)
106
For the year ending 28 February 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 March 2024 and were signed on its behalf by
Hamza MEHMOOD
Director
Company Registration No. 13296865
LOCAL BUILDERS LTD
Notes to the Accounts
for the year ended 28 February 2023
LOCAL BUILDERS LTD is a private company, limited by shares, registered in England and Wales, registration number 13296865. The registered office is 1 BASSETT WAY, SLOUGH, SL2 2JX, ENGLAND.
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:
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 March 2022
3,250
800
4,050
At 28 February 2023
3,250
800
4,050
At 1 March 2022
325
96
421
Charge for the year
294
71
365
At 28 February 2023
619
167
786
At 28 February 2023
2,631
633
3,264
At 28 February 2022
2,925
704
3,629
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Loans from directors
6,040
7,930
LOCAL BUILDERS LTD
Notes to the Accounts
for the year ended 28 February 2023
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).