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Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Lexi Construction Ltd

Lexi Construction Ltd (Registered number: 11029663)

Contents of the Financial Statements
for the Year Ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Lexi Construction Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: R Bejashvili
L T M Sanders





SECRETARY: Mrs V Bejashvili





REGISTERED OFFICE: 98 Jasmin Road
Epsom
KT19 9DX





REGISTERED NUMBER: 11029663 (England and Wales)





ACCOUNTANTS: Williams & Co Epsom LLP
Chartered Accountants
8-10 South Street
Epsom
Surrey
KT18 7PF

Lexi Construction Ltd (Registered number: 11029663)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 39,427 10,092

CURRENT ASSETS
Debtors 5 436,664 50,899
Cash at bank 171,472 954,828
608,136 1,005,727
CREDITORS
Amounts falling due within one year 6 217,658 651,724
NET CURRENT ASSETS 390,478 354,003
TOTAL ASSETS LESS CURRENT
LIABILITIES

429,905

364,095

CREDITORS
Amounts falling due after more than one
year

7

(16,632

)

(27,281

)

PROVISIONS FOR LIABILITIES 8 (2,138 ) (2,591 )
NET ASSETS 411,135 334,223

CAPITAL AND RESERVES
Called up share capital 9 20,000 20,000
Retained earnings 391,135 314,223
SHAREHOLDERS' FUNDS 411,135 334,223

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 September 2024 and were signed on its behalf by:





R Bejashvili - Director


Lexi Construction Ltd (Registered number: 11029663)

Notes to the Financial Statements
for the Year Ended 31 December 2023


1. STATUTORY INFORMATION

Lexi Construction 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.
Motor vehicles - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 2 ).

Lexi Construction Ltd (Registered number: 11029663)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2023 13,990 6,171 20,161
Additions 37,497 - 37,497
At 31 December 2023 51,487 6,171 57,658
DEPRECIATION
At 1 January 2023 8,669 1,400 10,069
Charge for year 8,161 1 8,162
At 31 December 2023 16,830 1,401 18,231
NET BOOK VALUE
At 31 December 2023 34,657 4,770 39,427
At 31 December 2022 5,321 4,771 10,092

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 291,537 35,772
Accrued income 130,000 -
Prepayments 15,127 15,127
436,664 50,899

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,296 10,296
Trade creditors 87,906 255,189
Tax 26,485 47,324
Social security and other taxes 11,938 33,459
VAT 6,866 251,994
Directors' current accounts 22,186 1,502
Accrued expenses 51,981 51,960
217,658 651,724

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 10,296 10,296
Bank loans - 2-5 years 6,336 16,985
16,632 27,281

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 2,138 2,591

Lexi Construction Ltd (Registered number: 11029663)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 January 2023 2,591
Balance at 31 December 2023 2,591

** BALANCE ABOVE AT END OF YEAR RE DEFERRED TAX ON CLIENT SCREEN OF -
DOES NOT AGREE TO CURRENT YEAR TOTAL OF ACCOUNTS PER TB 2,138

PLEASE CHECK CLIENT SCREEN - NOTES TO FINANCIAL STATEMENTS - BALANCE SHEET ITEMS - PROVISIONS FOR LIABILITIES - MOVEMENT IN PROVISIONS ETC

Please note: a deferred tax asset should be entered as a negative balance (i.e. include a "-" sign)


9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
20,000 Ordinary £1.00 20,000 20,000

10. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.