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REGISTERED NUMBER: 09005962 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2023

for

Lomax Design & Build Limited

Lomax Design & Build Limited (Registered number: 09005962)






Contents of the Financial Statements
for the Year Ended 30 April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Lomax Design & Build Limited

Company Information
for the Year Ended 30 April 2023







DIRECTORS: W P Massey
J Ricards
Miss O Massey





REGISTERED OFFICE: 20a High Street
Glastonbury
Somerset
BA6 9DU





REGISTERED NUMBER: 09005962 (England and Wales)





ACCOUNTANTS: Edward Howells Associates Limited
Chartered Certified Accountants
20a High Street
Glastonbury
Somerset
BA6 9DU

Lomax Design & Build Limited (Registered number: 09005962)

Balance Sheet
30 April 2023

30.4.23 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,206,278 860,607

CURRENT ASSETS
Debtors 5 2,298,390 677,881
Cash at bank 10,725 258,831
2,309,115 936,712
CREDITORS
Amounts falling due within one year 6 3,028,640 1,609,421
NET CURRENT LIABILITIES (719,525 ) (672,709 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

486,753

187,898

PROVISIONS FOR LIABILITIES 223,233 156,785
NET ASSETS 263,520 31,113

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 263,420 31,013
SHAREHOLDERS' FUNDS 263,520 31,113

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

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 2 August 2024 and were signed on its behalf by:



W P Massey - Director


Lomax Design & Build Limited (Registered number: 09005962)

Notes to the Financial Statements
for the Year Ended 30 April 2023

1. STATUTORY INFORMATION

Lomax Design & Build 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.

Taxation
Taxation for the year 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 year 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.

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.

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 year was 9 (2022 - 5 ) .

Lomax Design & Build Limited (Registered number: 09005962)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2022 950,277
Additions 718,483
Disposals (107,600 )
At 30 April 2023 1,561,160
DEPRECIATION
At 1 May 2022 89,670
Charge for year 274,972
Eliminated on disposal (9,760 )
At 30 April 2023 354,882
NET BOOK VALUE
At 30 April 2023 1,206,278
At 30 April 2022 860,607

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade debtors 675,331 62,628
Amounts owed by group undertakings 175,492 96,300
Other debtors 1,447,567 518,953
2,298,390 677,881

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade creditors 562,135 603,163
Amounts owed to group undertakings 2,343,461 957,100
Taxation and social security 103,948 29,342
Other creditors 19,096 19,816
3,028,640 1,609,421