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REGISTERED NUMBER: 03183476 (England and Wales)













Unaudited Financial Statements

for the Period

1st May 2022 to 31st October 2023

for

LBT Flooring Limited

LBT Flooring Limited (Registered number: 03183476)






Contents of the Financial Statements
for the Period 1st May 2022 to 31st October 2023




Page

Company information 1

Abridged statement of financial position 2

Notes to the financial statements 4


LBT Flooring Limited

Company Information
for the Period 1st May 2022 to 31st October 2023







Directors: B A Taylor
L B Taylor
D C North





Registered office: Abacus House
14-18 Forest Road
Loughton
Essex
IG10 1DX





Registered number: 03183476 (England and Wales)





Accountants: Cooper Paul
Abacus House
14-18 Forest Road
Loughton
Essex
IG10 1DX

LBT Flooring Limited (Registered number: 03183476)

Abridged Statement of Financial Position
31st October 2023

2023 2022
Notes £    £   
Current assets
Stocks - 800
Debtors 50,571 33,169
Cash at bank and in hand 5,730 22,628
56,301 56,597
Creditors
Amounts falling due within one year (20,116 ) (47,445 )
Net current assets 36,185 9,152
Total assets less current liabilities 36,185 9,152

Capital and reserves
Called up share capital 106 73
Capital redemption reserve 33 66
Retained earnings 36,046 9,013
Shareholders' funds 36,185 9,152

LBT Flooring Limited (Registered number: 03183476)

Abridged Statement of Financial Position - continued
31st October 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31st October 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31st October 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Income statement and an abridged Statement of financial position for the period ended 31st October 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.

The financial statements were approved by the Board of Directors and authorised for issue on 30th July 2024 and were signed on its behalf by:





L B Taylor - Director


LBT Flooring Limited (Registered number: 03183476)

Notes to the Financial Statements
for the Period 1st May 2022 to 31st October 2023

1. Statutory information

LBT Flooring Limited is a private company, limited by shares , registered in England and Wales. 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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance, 25% on cost and 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

LBT Flooring Limited (Registered number: 03183476)

Notes to the Financial Statements - continued
for the Period 1st May 2022 to 31st October 2023

2. Accounting policies - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. Employees and directors

The average number of employees during the period was 4 (2022 - 4 ) .

4. Tangible fixed assets
Totals
£   
Cost
At 1st May 2022 85,937
Disposals (36,947 )
At 31st October 2023 48,990
Depreciation
At 1st May 2022 85,937
Eliminated on disposal (36,947 )
At 31st October 2023 48,990
Net book value
At 31st October 2023 -
At 30th April 2022 -

LBT Flooring Limited (Registered number: 03183476)

Notes to the Financial Statements - continued
for the Period 1st May 2022 to 31st October 2023

4. Tangible fixed assets - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
Cost
At 1st May 2022
and 31st October 2023 36,947
Depreciation
At 1st May 2022
and 31st October 2023 36,947
Net book value
At 31st October 2023 -
At 30th April 2022 -