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REGISTERED NUMBER: 08703762 (England and Wales)






















LWOL Limited

Unaudited Financial Statements for the Year Ended 31st December 2023






LWOL Limited (Registered number: 08703762)






Contents of the Financial Statements
for the year ended 31st December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


LWOL Limited

Company Information
for the year ended 31st December 2023







DIRECTORS: J P D Waine
P S Hall
B Donald
T Donald





REGISTERED OFFICE: Eagle House
Whisby Way
Lincoln
LN6 3LQ





REGISTERED NUMBER: 08703762 (England and Wales)





ACCOUNTANTS: Smailes Goldie
Chartered Accountants
Regent's Court
Princess Street
Hull
East Yorkshire
HU2 8BA

LWOL Limited (Registered number: 08703762)

Balance Sheet
31st December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 524,554 560,936

CURRENT ASSETS
Debtors 5 304,829 279,631
Cash at bank and in hand 1,797,464 1,271,583
2,102,293 1,551,214
CREDITORS
Amounts falling due within one year 6 652,356 619,480
NET CURRENT ASSETS 1,449,937 931,734
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,974,491

1,492,670

PROVISIONS FOR LIABILITIES 30,440 33,340
NET ASSETS 1,944,051 1,459,330

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 1,943,951 1,459,230
SHAREHOLDERS' FUNDS 1,944,051 1,459,330

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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 8th August 2024 and were signed on its behalf by:



J P D Waine - Director


LWOL Limited (Registered number: 08703762)

Notes to the Financial Statements
for the year ended 31st December 2023

1. STATUTORY INFORMATION

LWOL 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.

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

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
Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Depreciation is provided on all tangible fixed assets, apart from Freehold Land, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Motor Vehicles - 25% per annum on a straight line basis
Plant and Machinery - 25% per annum on a straight line basis
Freehold Property - 4-15% per annum on a straight line basis

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.

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.

LWOL Limited (Registered number: 08703762)

Notes to the Financial Statements - continued
for the year ended 31st December 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 7 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st January 2023 556,718 225,845 782,563
Additions - 25,707 25,707
At 31st December 2023 556,718 251,552 808,270
DEPRECIATION
At 1st January 2023 119,682 101,945 221,627
Charge for year 19,344 42,745 62,089
At 31st December 2023 139,026 144,690 283,716
NET BOOK VALUE
At 31st December 2023 417,692 106,862 524,554
At 31st December 2022 437,036 123,900 560,936

5. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 264,178 238,043
Other debtors 40,651 37,813
304,829 275,856

Amounts falling due after more than one year:
Other debtors - 3,775

Aggregate amounts 304,829 279,631

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 26,464 20,766
Taxation and social security 217,231 184,804
Other creditors 408,661 413,910
652,356 619,480

LWOL Limited (Registered number: 08703762)

Notes to the Financial Statements - continued
for the year ended 31st December 2023

7. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Other creditors 24,000 36,000

Included within other creditors is an inter company loan of £24,000, which is secured by a legal charge over all the fixed assets.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
50 Ordinary BORDLAN £1 50 50
50 Ordinary HML £1 50 50
100 100