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Registration number: 13867866

L&P Construct Scenery Ltd

Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 31 December 2023

 

L&P Construct Scenery Ltd

Contents

Company Information

1

Abridged Balance Sheet

2 to 3

Notes to the Unaudited Abridged Financial Statements

4 to 6

 

L&P Construct Scenery Ltd

Company Information

Directors

P J Newman

L Thurbon

Registered office

Suite 1B1 Argyle House
Northside
Joel Street
Northwood Hills
HA6 1NW

Accountants

Ross + Partners
Chartered Certified Accountants
Suite 1B1 Argyle House
Northside
Joel Street
Northwood Hills
HA6 1NW

 

L&P Construct Scenery Ltd

(Registration number: 13867866)
Abridged Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

3

21,269

13,465

Current assets

 

Debtors

8,257

814

Cash at bank and in hand

 

21,095

80,527

 

29,352

81,341

Creditors: Amounts falling due within one year

(13,370)

(30,741)

Net current assets

 

15,982

50,600

Total assets less current liabilities

 

37,251

64,065

Provisions for liabilities

-

(2,558)

Net assets

 

37,251

61,507

Capital and reserves

 

Called up share capital

2

2

Retained earnings

37,249

61,505

Shareholders' funds

 

37,251

61,507

For the financial 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.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the Board on 7 August 2024 and signed on its behalf by:
 

 

L&P Construct Scenery Ltd

(Registration number: 13867866)
Abridged Balance Sheet as at 31 December 2023

.........................................
P J Newman
Director

.........................................
L Thurbon
Director

 
     
 

L&P Construct Scenery Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2023

1

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

 

L&P Construct Scenery Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2023

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% reducing balance

Furniture and fittings

33.3% straight line

Motor vehicle

25% reducing balance

2

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 14).

 

L&P Construct Scenery Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2023

3

Tangible assets

Fixtures and fittings
£

Plant and machinery
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 January 2023

473

17,534

-

18,007

Additions

-

498

14,500

14,998

At 31 December 2023

473

18,032

14,500

33,005

Depreciation

At 1 January 2023

158

4,384

-

4,542

Charge for the year

157

3,412

3,625

7,194

At 31 December 2023

315

7,796

3,625

11,736

Carrying amount

At 31 December 2023

158

10,236

10,875

21,269

At 31 December 2022

315

13,150

-

13,465

4

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary Shares of £1 each

2

2

2

2