Company Registration No. 12454600 (England and Wales)
Lodestone Projects (Leeds) Limited
Unaudited accounts
for the year ended 31 December 2023
Lodestone Projects (Leeds) Limited
Unaudited accounts
Contents
Lodestone Projects (Leeds) Limited
Company Information
for the year ended 31 December 2023
Directors
Richard Anthony Hall
Joshua Michael Donnelly
Matthew Stephen Ellis
Company Number
12454600 (England and Wales)
Registered Office
30 WINDERMERE DRIVE
LEEDS
WEST YORKSHIRE
LS17 7UZ
ENGLAND
Accountants
RAE Business Services (Yorkshire) Limited
First Floor
85 Great Portland Street
London
W1W 7LT
Lodestone Projects (Leeds) Limited
Accountants' report
Accountants' report to the board of directors of Lodestone Projects (Leeds) Limited on the preparation of the unaudited statutory accounts for the year ended 31 December 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Lodestone Projects (Leeds) Limited for the year ended
31 December 2023 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Lodestone Projects (Leeds) Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Lodestone Projects (Leeds) Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Lodestone Projects (Leeds) Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Lodestone Projects (Leeds) Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Lodestone Projects (Leeds) Limited. You consider that Lodestone Projects (Leeds) Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Lodestone Projects (Leeds) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
RAE Business Services (Yorkshire) Limited
First Floor
85 Great Portland Street
London
W1W 7LT
22 July 2024
Lodestone Projects (Leeds) Limited
Statement of financial position
as at 31 December 2023
Tangible assets
53,783
1,541
Inventories
408,100
220,834
Cash at bank and in hand
1,872,091
1,388,386
Creditors: amounts falling due within one year
(2,606,290)
(1,481,067)
Net current assets
1,062,375
881,064
Total assets less current liabilities
1,116,158
882,605
Creditors: amounts falling due after more than one year
(117,243)
(91,500)
Net assets
998,915
791,105
Called up share capital
200
200
Share premium
99,800
99,800
Profit and loss account
898,915
691,105
Shareholders' funds
998,915
791,105
For the year ending 31 December 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 25 July 2024 and were signed on its behalf by
Richard Anthony Hall
Director
Company Registration No. 12454600
Lodestone Projects (Leeds) Limited
Notes to the Accounts
for the year ended 31 December 2023
Lodestone Projects (Leeds) Limited is a private company, limited by shares, registered in England and Wales, registration number 12454600. The registered office is 30 WINDERMERE DRIVE, LEEDS, WEST YORKSHIRE, LS17 7UZ, 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.
These financial statements for the year ended 31 December 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 January 2022.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2023
878
-
1,253
2,131
Additions
-
61,542
-
61,542
At 31 December 2023
878
61,542
1,253
63,673
At 1 January 2023
223
-
367
590
Charge for the year
131
8,991
178
9,300
At 31 December 2023
354
8,991
545
9,890
At 31 December 2023
524
52,551
708
53,783
At 31 December 2022
655
-
886
1,541
Lodestone Projects (Leeds) Limited
Notes to the Accounts
for the year ended 31 December 2023
Amounts falling due within one year
Trade debtors
1,381,828
615,592
Amounts due from group undertakings etc.
-
136,404
Accrued income and prepayments
1,108
742
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
1,746,417
1,004,352
Taxes and social security
180,928
204,858
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
23,019
-
Amounts owed to group undertakings and other participating interests
58,224
-
Loans from directors
36,000
91,500
8
Transactions with related parties
Included in long term creditors is a related company loan of £58,224 (2022 - £136,404 debtor). The loan is interest-free.
9
Average number of employees
During the year the average number of employees was 19 (2022: 14).