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REGISTERED NUMBER: SC602598 (Scotland)




















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

FOR

LAL CONTRACTS LTD

LAL CONTRACTS LTD (REGISTERED NUMBER: SC602598)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 July 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


LAL CONTRACTS LTD

COMPANY INFORMATION
for the Year Ended 31 July 2023







DIRECTOR: S McLean



REGISTERED OFFICE: 22 Backbrae Street
Kilsyth
G65 0NH



REGISTERED NUMBER: SC602598 (Scotland)



ACCOUNTANTS: Curle & Co
Chartered Accountants
22 Backbrae Street
Kilsyth
G65 0NH



BANKERS: Yorkshire Bank
Glasgow Yorkshire Mortgage Centre
6th Floor, Guild Hall
57 Queen Street
Glasgow
G1 3ER

LAL CONTRACTS LTD (REGISTERED NUMBER: SC602598)

ABRIDGED BALANCE SHEET
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,682 3,576

CURRENT ASSETS
Debtors 399 216
Cash at bank and in hand 10,126 1,397
10,525 1,613
CREDITORS
Amounts falling due within one year (5,654 ) (7,730 )
NET CURRENT ASSETS 16,179 9,343
TOTAL ASSETS LESS CURRENT
LIABILITIES

18,861

12,919

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 18,859 12,917
18,861 12,919

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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 July 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

LAL CONTRACTS LTD (REGISTERED NUMBER: SC602598)

ABRIDGED BALANCE SHEET - continued
31 July 2023



The financial statements were approved by the director and authorised for issue on 13 March 2024 and were signed by:





S McLean - Director


LAL CONTRACTS LTD (REGISTERED NUMBER: SC602598)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

LAL Contracts Ltd is a private company, limited by shares , registered in Scotland. 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 and revenue recognition
Turnover represents net invoiced sales of goods and services, excluding VAT. Revenue is recognised when goods and services are provided to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance

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 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 August 2022
and 31 July 2023 5,417
DEPRECIATION
At 1 August 2022 1,841
Charge for year 894
At 31 July 2023 2,735
NET BOOK VALUE
At 31 July 2023 2,682
At 31 July 2022 3,576

5. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is S McLean.