Company Registration No. 09217045 (England and Wales)
L & T Construction Services (Tamworth) Ltd
Unaudited accounts
for the year ended 30 September 2023
L & T Construction Services (Tamworth) Ltd
Unaudited accounts
Contents
L & T Construction Services (Tamworth) Ltd
Company Information
for the year ended 30 September 2023
Directors
M K Lolley
L R Turner
Company Number
09217045 (England and Wales)
Registered Office
The Old Post Office 137-139 Long Street
Dordon
Tamworth
B78 1SH
England
Accountants
R M Accountancy Services Ltd
The Old Post Office
137-139 Long Street
Dordon
Staffordshire
B78 1SH
L & T Construction Services (Tamworth) Ltd
Statement of financial position
as at 30 September 2023
Tangible assets
54,333
67,916
Cash at bank and in hand
20,941
1,690
Creditors: amounts falling due within one year
(46,459)
(45,443)
Net current assets
84,806
16,381
Total assets less current liabilities
139,139
84,297
Creditors: amounts falling due after more than one year
(12,198)
(27,071)
Called up share capital
2
2
Profit and loss account
126,939
57,224
Shareholders' funds
126,941
57,226
For the year ending 30 September 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 directors acknowledge their 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 of Directors and authorised for issue on 12 April 2024 and were signed on its behalf by
L R Turner
Director
Company Registration No. 09217045
L & T Construction Services (Tamworth) Ltd
Notes to the Accounts
for the year ended 30 September 2023
L & T Construction Services (Tamworth) Ltd is a private company, limited by shares, registered in England and Wales, registration number 09217045. The registered office is The Old Post Office 137-139 Long Street, Dordon, Tamworth, B78 1SH, 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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 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.
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:
Plant & machinery
20% Reducing balance
Motor vehicles
20% Reducing balance
Computer equipment
20% Straight line
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
The accounts are presented in £ sterling.
L & T Construction Services (Tamworth) Ltd
Notes to the Accounts
for the year ended 30 September 2023
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 October 2022
36,000
88,005
1,065
125,070
At 30 September 2023
36,000
88,005
1,065
125,070
At 1 October 2022
26,170
29,919
1,065
57,154
Charge for the year
1,966
11,617
-
13,583
At 30 September 2023
28,136
41,536
1,065
70,737
At 30 September 2023
7,864
46,469
-
54,333
At 30 September 2022
9,830
58,086
-
67,916
Amounts falling due within one year
Trade debtors
73,459
40,225
Other debtors
35,244
19,406
6
Creditors: amounts falling due within one year
2023
2022
Obligations under finance leases and hire purchase contracts
15,328
15,328
Taxes and social security
45,590
12,181
Loans from directors
(14,748)
17,106
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
12,198
27,071
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).