Acorah Software Products - Accounts Production 15.0.600 false true false 1 April 2023 31 March 2024 31 March 2024 08881074 Mr Lee Jack Branson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08881074 2023-03-31 08881074 2024-03-31 08881074 2023-04-01 2024-03-31 08881074 frs-core:CurrentFinancialInstruments 2024-03-31 08881074 frs-core:Non-currentFinancialInstruments 2024-03-31 08881074 frs-core:ComputerEquipment 2024-03-31 08881074 frs-core:ComputerEquipment 2023-04-01 2024-03-31 08881074 frs-core:ComputerEquipment 2023-03-31 08881074 frs-core:FurnitureFittings 2023-04-01 2024-03-31 08881074 frs-core:MotorVehicles 2024-03-31 08881074 frs-core:MotorVehicles 2023-04-01 2024-03-31 08881074 frs-core:MotorVehicles 2023-03-31 08881074 frs-core:PlantMachinery 2024-03-31 08881074 frs-core:PlantMachinery 2023-04-01 2024-03-31 08881074 frs-core:PlantMachinery 2023-03-31 08881074 frs-core:ShareCapital 2024-03-31 08881074 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 08881074 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08881074 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 08881074 frs-bus:SmallEntities 2023-04-01 2024-03-31 08881074 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 08881074 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 08881074 frs-bus:Director1 2023-04-01 2024-03-31 08881074 frs-bus:Director1 2023-03-31 08881074 frs-bus:Director1 2024-03-31 08881074 frs-countries:EnglandWales 2023-04-01 2024-03-31
Registered number: 08881074
L B Contracts (Rushden) Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Leo Bookkeeping
MAAT
3 Hanbury Lodge
Broadmoor
Kilgetty
Pembrokeshire
SA68 0RH
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 08881074
2024
Notes £ £
FIXED ASSETS
Tangible Assets 4 4,390
4,390
CURRENT ASSETS
Debtors 5 19,377
Cash at bank and in hand 16,575
35,952
Creditors: Amounts Falling Due Within One Year 6 (99,889 )
NET CURRENT ASSETS (LIABILITIES) (63,937 )
TOTAL ASSETS LESS CURRENT LIABILITIES (59,547 )
Creditors: Amounts Falling Due After More Than One Year 7 (12,088 )
NET LIABILITIES (71,635 )
CAPITAL AND RESERVES
Called up share capital 8 200
Profit and Loss Account (71,835 )
SHAREHOLDERS' FUNDS (71,635)
Page 1
Page 2
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Lee Jack Branson
Director
14/08/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
L B Contracts (Rushden) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08881074 . The registered office is 76 Hall Avenue, Rushden, Northants, NN10 9ET.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20%
Motor Vehicles 20%
Fixtures & Fittings 20%
Computer Equipment 20%
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1
1
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2023 14,345 14,058 4,352 32,755
Additions 2,118 - - 2,118
As at 31 March 2024 16,463 14,058 4,352 34,873
Depreciation
As at 1 April 2023 10,665 14,058 4,352 29,075
Provided during the period 1,408 - - 1,408
As at 31 March 2024 12,073 14,058 4,352 30,483
Net Book Value
As at 31 March 2024 4,390 - - 4,390
As at 1 April 2023 3,680 - - 3,680
Page 3
Page 4
5. Debtors
2024
£
Due within one year
Other debtors 19,377
6. Creditors: Amounts Falling Due Within One Year
2024
£
Trade creditors 58,262
Other creditors 1,869
Taxation and social security 39,758
99,889
7. Creditors: Amounts Falling Due After More Than One Year
2024
£
Bank loans 12,088
8. Share Capital
2024
£
Allotted, Called up and fully paid 200
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2023 Amounts advanced Amounts repaid Amounts written off As at 31 March 2024
£ £ £ £ £
Mr Lee Jack Branson - - - - 19,376
The above loan is unsecured, interest free and repayable on demand.
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