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Company Registration No. 09741122 (England and Wales)
LISTERHILLS SALVAGE LIMITED Unaudited accounts for the year ended 31 August 2023
LISTERHILLS SALVAGE LIMITED Unaudited accounts Contents
Page
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LISTERHILLS SALVAGE LIMITED Company Information for the year ended 31 August 2023
Director
DR M W DIN-QAYUM
Company Number
09741122 (England and Wales)
Registered Office
C/O AK INTERNATIONAL ACCOUNTANTS 25 WHETLEY LANE BRADFORD BD8 9EH ENGLAND
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LISTERHILLS SALVAGE LIMITED Statement of financial position as at 31 August 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
14,324 
1,101 
Current assets
Inventories
49,252 
19,921 
Cash at bank and in hand
28,485 
10,507 
77,737 
30,428 
Creditors: amounts falling due within one year
(8,795)
(11,691)
Net current assets
68,942 
18,737 
Total assets less current liabilities
83,266 
19,838 
Creditors: amounts falling due after more than one year
(80,324)
(22,266)
Net assets/(liabilities)
2,942 
(2,428)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
2,842 
(2,528)
Shareholders' funds
2,942 
(2,428)
For the year ending 31 August 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 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 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 and authorised for issue on 30 August 2024 and were signed on its behalf by
DR M W DIN-QAYUM Director Company Registration No. 09741122
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LISTERHILLS SALVAGE LIMITED Notes to the Accounts for the year ended 31 August 2023
1
Statutory information
LISTERHILLS SALVAGE LIMITED is a private company, limited by shares, registered in England and Wales, registration number 09741122. The registered office is C/O AK INTERNATIONAL ACCOUNTANTS, 25 WHETLEY LANE, BRADFORD, BD8 9EH, 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.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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:
Plant & machinery
20% reducing basis
Motor vehicles
20% reducing basis
Fixtures & fittings
20% reducing balance basis
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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LISTERHILLS SALVAGE LIMITED Notes to the Accounts for the year ended 31 August 2023
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 September 2022
- 
2,750 
1,522 
4,272 
Additions
3,000 
13,411 
393 
16,804 
At 31 August 2023
3,000 
16,161 
1,915 
21,076 
Depreciation
At 1 September 2022
- 
2,140 
1,031 
3,171 
Charge for the year
600 
2,800 
181 
3,581 
At 31 August 2023
600 
4,940 
1,212 
6,752 
Net book value
At 31 August 2023
2,400 
11,221 
703 
14,324 
At 31 August 2022
- 
610 
491 
1,101 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
4,085 
7,299 
Taxes and social security
926 
1,257 
Other creditors
3,784 
3,135 
8,795 
11,691 
6
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
17,294 
18,949 
Other creditors
50,000 
- 
Loans from directors
13,030 
3,317 
80,324 
22,266 
7
Average number of employees
During the year the average number of employees was 1 (2022: 2).
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