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
LISTERHILLS SALVAGE LIMITED
Company Information
for the year ended 31 August 2023
Company Number
09741122 (England and Wales)
Registered Office
C/O AK INTERNATIONAL ACCOUNTANTS
25 WHETLEY LANE
BRADFORD
BD8 9EH
ENGLAND
LISTERHILLS SALVAGE LIMITED
Statement of financial position
as at 31 August 2023
Tangible assets
14,324
1,101
Cash at bank and in hand
28,485
10,507
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)
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
LISTERHILLS SALVAGE LIMITED
Notes to the Accounts
for the year ended 31 August 2023
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.
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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.
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.
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.
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 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 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.
LISTERHILLS SALVAGE LIMITED
Notes to the Accounts
for the year ended 31 August 2023
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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
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
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
6
Creditors: amounts falling due after more than one year
2023
2022
Loans from directors
13,030
3,317
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Average number of employees
During the year the average number of employees was 1 (2022: 2).