Caseware UK (AP4) 2022.0.179 2022.0.179 2024-03-312024-03-3142023-05-01true4The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falsetrueNo description of principal activity 08970113 2023-05-01 2024-03-31 08970113 2022-05-01 2023-04-30 08970113 2024-03-31 08970113 2023-04-30 08970113 c:Director4 2023-05-01 2024-03-31 08970113 d:CurrentFinancialInstruments 2024-03-31 08970113 d:CurrentFinancialInstruments 2023-04-30 08970113 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 08970113 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 08970113 d:ShareCapital 2024-03-31 08970113 d:ShareCapital 2023-04-30 08970113 d:RetainedEarningsAccumulatedLosses 2024-03-31 08970113 d:RetainedEarningsAccumulatedLosses 2023-04-30 08970113 c:FRS102 2023-05-01 2024-03-31 08970113 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-03-31 08970113 c:FullAccounts 2023-05-01 2024-03-31 08970113 c:PrivateLimitedCompanyLtd 2023-05-01 2024-03-31 08970113 2 2023-05-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 08970113










LEIGH RESTORATION LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 MARCH 2024

 
LEIGH RESTORATION LIMITED
REGISTERED NUMBER: 08970113

BALANCE SHEET
AS AT 31 MARCH 2024

31 March
30 April
2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
81,271
53

Cash at bank and in hand
 5 
488,447
5,339

  
569,718
5,392

Creditors: amounts falling due within one year
 6 
(897)
(140,968)

Net current assets/(liabilities)
  
 
 
568,821
 
 
(135,576)

Total assets less current liabilities
  
568,821
(135,576)

  

Net assets/(liabilities)
  
568,821
(135,576)


Capital and reserves
  

Called up share capital 
  
8
8

Profit and loss account
  
568,813
(135,584)

  
568,821
(135,576)


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 5 April 2024.




JK East
Director

The notes on pages 2 to 5 form part of these financial statements.

Page 1

 
LEIGH RESTORATION LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

1.


General information

Leigh Restoration Limited is a private company limited by shares and incorporated in England. Its registered office is Kingsridge House, 601 London Road, Wescliff-On-Sea, Essex, SS0 9PE
Its principal place of business is White House, Lark Hill Road, Canewdon, Rochford, SS4 3RA.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The company had a deficit in its reserves of £135,584. However, the directors are of the opinion that the company has the support of its creditors for the foreseeable future. In light of these factors the directors consider it appropriate to adopt the going concern basis in the preperation of these financial statements.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 2

 
LEIGH RESTORATION LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.10

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.
Page 3

 
LEIGH RESTORATION LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

2.Accounting policies (continued)


2.10
Financial instruments (continued)


Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.


3.


Employees

The average monthly number of employees, including directors, during the period was 4 (2023 - 4).


4.


Debtors

31 March
30 April
2024
2023
£
£


Other debtors
81,271
53

81,271
53

Page 4

 
LEIGH RESTORATION LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

4.Debtors (continued)



5.


Cash and cash equivalents

31 March
30 April
2024
2023
£
£

Cash at bank and in hand
488,447
5,339

488,447
5,339



6.


Creditors: Amounts falling due within one year

31 March
30 April
2024
2023
£
£

Other taxation and social security
146
444

Other creditors
1
139,694

Accruals and deferred income
750
830

897
140,968



7.


Pension commitments


Page 5