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REGISTERED NUMBER: 12697304 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

LCB HEATING LTD

LCB HEATING LTD (REGISTERED NUMBER: 12697304)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LCB HEATING LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: L Botting





REGISTERED OFFICE: 409-411 Croydon Road
Beckenham
Kent
BR3 3PP





REGISTERED NUMBER: 12697304 (England and Wales)





ACCOUNTANTS: Edwards Chartered Accountants
409-411 Croydon Road
Beckenham
Kent
BR3 3PP

LCB HEATING LTD (REGISTERED NUMBER: 12697304)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 17,587 30,666

CURRENT ASSETS
Stocks 41,757 -
Debtors 5 12,834 22,275
Cash at bank 3,608 3,569
58,199 25,844
CREDITORS
Amounts falling due within one year 6 19,968 10,482
NET CURRENT ASSETS 38,231 15,362
TOTAL ASSETS LESS CURRENT
LIABILITIES

55,818

46,028

CREDITORS
Amounts falling due after more than one year 7 (13,864 ) (19,458 )

PROVISIONS FOR LIABILITIES (3,342 ) (3,633 )
NET ASSETS 38,612 22,937

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 38,610 22,935
38,612 22,937

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

LCB HEATING LTD (REGISTERED NUMBER: 12697304)

BALANCE SHEET - continued
31 MARCH 2024


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 director and authorised for issue on 16 April 2024 and were signed by:





L Botting - Director


LCB HEATING LTD (REGISTERED NUMBER: 12697304)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

LCB Heating Ltd 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.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 2 ) .

LCB HEATING LTD (REGISTERED NUMBER: 12697304)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 April 2023 5,860 37,777 43,637
Additions 1,195 - 1,195
Disposals - (11,861 ) (11,861 )
At 31 March 2024 7,055 25,916 32,971
DEPRECIATION
At 1 April 2023 1,423 11,548 12,971
Charge for year 1,211 4,390 5,601
Eliminated on disposal - (3,188 ) (3,188 )
At 31 March 2024 2,634 12,750 15,384
NET BOOK VALUE
At 31 March 2024 4,421 13,166 17,587
At 31 March 2023 4,437 26,229 30,666

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2023 37,777
Disposals (11,861 )
At 31 March 2024 25,916
DEPRECIATION
At 1 April 2023 11,548
Charge for year 4,390
Eliminated on disposal (3,188 )
At 31 March 2024 12,750
NET BOOK VALUE
At 31 March 2024 13,166
At 31 March 2023 26,229

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 55 11,562
Other debtors 12,779 10,713
12,834 22,275

LCB HEATING LTD (REGISTERED NUMBER: 12697304)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 5,594 5,594
Taxation and social security 13,182 -
Other creditors 1,192 4,888
19,968 10,482

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 13,864 19,458

8. TRANSACTIONS WITH DIRECTORS

During the year, the company voted dividends of £19,330 to the director.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is L Botting.