Registered number: 02211043 | ||||||||
FOR THE YEAR ENDED 31/12/2023 | ||||||||
Prepared By: | ||||||||
Robert Ogle | ||||||||
Chartered Accountant | ||||||||
The Elms | ||||||||
Doncaster Road | ||||||||
Rotherham | ||||||||
South Yorkshire | ||||||||
S65 1DY |
Lloyd Clough & Sons Limited | ||||||||
ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31/12/2023 | ||||||||
DIRECTORS | ||||||||
SECRETARY | ||||||||
REGISTERED OFFICE | ||||||||
South Yorkshire | ||||||||
COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 02211043 | ||||||||
BANKERS | ||||||||
HSBC | ||||||||
ACCOUNTANTS | ||||||||
Robert Ogle | ||||||||
Chartered Accountant | ||||||||
The Elms | ||||||||
Doncaster Road | ||||||||
Rotherham | ||||||||
South Yorkshire | ||||||||
S65 1DY |
Lloyd Clough & Sons Limited | ||||||||
ACCOUNTS | ||||||||
FOR THEYEARENDED31/12/2023 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Accountants' Report | - | |||||||
Statement Of Comprehensive Income | - | |||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - |
Lloyd Clough & Sons Limited | ||||||||
BALANCE SHEET AT | ||||||||||
2023 | 2022 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 3 | |||||||||
CURRENT ASSETS | ||||||||||
Debtors | 4 | |||||||||
Cash at bank and in hand | ||||||||||
906,218 | 769,530 | |||||||||
CREDITORS: Amounts falling due within one year | 5 | |||||||||
NET CURRENT ASSETS | 285,385 | |||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
CREDITORS: Amounts falling due after more than one year | 6 | - | 17,500 | |||||||
PROVISIONS FOR LIABILITIES AND CHARGES | 7 | |||||||||
NET ASSETS | ||||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 8 | |||||||||
Profit and loss account | 548,313 | 311,462 | ||||||||
SHAREHOLDERS' FUNDS | ||||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
Director | ||||||||||
Lloyd Clough & Sons Limited | ||||||||
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 31/12/2023 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
1b. Depreciation | ||||||||
Plant and Machinery | reducing balance 25% | |||||||
Commercial Vehicles | reducing balance 25% | |||||||
Fixtures and Fittings | reducing balance 15% | |||||||
Equipment | reducing balance 25% |
1c. Pension Costs | ||||||||
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year. |
2. EMPLOYEES | ||||||
2023 | 2022 | |||||
No. | No. | |||||
Average number of employees | 16 | |||||
Lloyd Clough & Sons Limited | ||||||||
3. TANGIBLE FIXED ASSETS | ||||||||||
Plant and | Commercial | Fixtures | ||||||||
Machinery | Vehicles | and Fittings | Equipment | Total | ||||||
£ | £ | £ | £ | £ | ||||||
Cost | ||||||||||
At 01/01/2023 | 28,041 | 173,426 | 27,533 | 5,001 | 234,001 | |||||
Additions | - | 22,995 | 964 | - | 23,959 | |||||
At 31/12/2023 | 28,041 | 196,421 | 28,497 | 5,001 | 257,960 | |||||
Depreciation | ||||||||||
At 01/01/2023 | 27,144 | 121,142 | 26,722 | 4,975 | 179,983 | |||||
For the year | 224 | 18,820 | 266 | 6 | 19,316 | |||||
At 31/12/2023 | 27,368 | 139,962 | 26,988 | 4,981 | 199,299 | |||||
Net Book Amounts | ||||||||||
At 31/12/2023 | 58,661 | |||||||||
At 31/12/2022 | 54,018 | |||||||||
4. DEBTORS | 2023 | 2022 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Trade debtors | 146,274 | 92,540 | ||||||
Sales ledger control | 337,431 | 497,559 | ||||||
VAT | 88,538 | 124,116 | ||||||
572,243 | 714,215 | |||||||
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
UK corporation tax | 84,143 | 12,223 | ||||||
PAYE control | 17,276 | 22,441 | ||||||
Salaries and wages control | - | 11,766 | ||||||
NIC control | 4,451 | 4,451 | ||||||
Directors current account | - | 10,517 | ||||||
Bank loans and overdrafts | - | 45 | ||||||
Credit card | 62,579 | 94,225 | ||||||
Hire purchase | - | 923 | ||||||
Trade creditors | 230,837 | 318,727 | ||||||
Pension schemes | 2,048 | 2,327 | ||||||
Accruals | 4,000 | 6,500 | ||||||
405,334 | 484,145 | |||||||
Lloyd Clough & Sons Limited | ||||||||
6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
Bank loans (unsecured) >1yr | - | 17,500 | ||||||
- | 17,500 | |||||||
7. PROVISIONS FOR LIABILITIES | 2023 | 2022 | ||||||
£ | £ | |||||||
Deferred taxation | 11,146 | 10,355 | ||||||
11,146 | 10,355 | |||||||
8. SHARE CAPITAL | 2023 | 2022 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
76 | 76 | |||||||
10 | 10 | |||||||
86 | 86 | |||||||