LHS Developments (South Wales) Limited |
Registered number: |
11630479 |
Balance Sheet |
as at 31 October 2023 |
|
Notes |
|
|
2023 |
|
|
2022 |
£ |
£ |
Current assets |
Stocks |
|
|
771,000 |
|
|
198,950 |
Debtors |
3 |
|
685,979 |
|
|
145,000 |
Cash at bank and in hand |
|
|
81,867 |
|
|
838,322 |
|
|
|
1,538,846 |
|
|
1,182,272 |
|
Creditors: amounts falling due within one year |
4 |
|
(1,048,089) |
|
|
(701,564) |
|
Net current assets |
|
|
|
490,757 |
|
|
480,708 |
|
Net assets |
|
|
|
490,757 |
|
|
480,708 |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
|
|
|
100 |
|
|
100 |
Profit and loss account |
|
|
|
490,657 |
|
|
480,608 |
|
Shareholders' funds |
|
|
|
490,757 |
|
|
480,708 |
|
|
|
|
|
|
|
|
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
The directors acknowledge their 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 M R Lewis |
Director |
Approved by the board on 26 July 2024 |
|
LHS Developments (South Wales) 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 . Turnover includes revenue earned from the sale of residential properties and is included when the contracts are exchanged. |
|
|
Stocks |
|
Stocks include freehold land and buildings and various costs incurred in developing the land. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on taxable profit of current and past period |
|
|
2 |
Employees |
2023 |
|
2022 |
Number |
Number |
|
|
Average number of persons employed by the company |
2 |
|
2 |
|
|
|
|
|
|
|
|
|
|
3 |
Debtors |
2023 |
|
2022 |
£ |
£ |
|
|
Trade debtors |
60,979 |
|
20,000 |
|
Other debtors |
625,000 |
|
125,000 |
|
|
|
|
|
|
685,979 |
|
145,000 |
|
|
|
|
|
|
|
|
|
|
4 |
Creditors: amounts falling due within one year |
2023 |
|
2022 |
£ |
£ |
|
|
Trade creditors |
488,312 |
|
21,830 |
|
Taxation and social security costs |
2,497 |
|
112,735 |
|
Other creditors |
557,280 |
|
566,999 |
|
|
|
|
|
|
1,048,089 |
|
701,564 |
|
|
|
|
|
|
|
|
|
|
5 |
Other information |
|
|
LHS Developments (South Wales) Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
10 Bronheulwen |
|
Porth |
|
Wales |
|
CF39 0BJ |