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REGISTERED NUMBER: 12047868 (England and Wales)















LLB Decorating Limited

Unaudited Financial Statements for the Year Ended 31 March 2024






LLB Decorating Limited (Registered number: 12047868)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 5


LLB Decorating Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: S Bingham
Mrs L Bingham





REGISTERED OFFICE: 32 The Crescent
Spalding
PE11 1AF





REGISTERED NUMBER: 12047868 (England and Wales)






LLB Decorating Limited (Registered number: 12047868)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 21,667 14,765

CURRENT ASSETS
Debtors 5 49,611 22,832
Cash at bank 22,495 37,003
72,106 59,835
CREDITORS
Amounts falling due within one year 6 24,053 29,107
NET CURRENT ASSETS 48,053 30,728
TOTAL ASSETS LESS CURRENT
LIABILITIES

69,720

45,493

CREDITORS
Amounts falling due after more than one
year

7

32,405

11,218
NET ASSETS 37,315 34,275

CAPITAL AND RESERVES
Called up share capital 110 110
Retained earnings 37,205 34,165
37,315 34,275

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 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.

LLB Decorating Limited (Registered number: 12047868)

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 Board of Directors and authorised for issue on 3 September 2024 and were signed on its behalf by:





S Bingham - Director


LLB Decorating Limited (Registered number: 12047868)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

LLB Decorating Limited 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.
Equipment - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

LLB Decorating Limited (Registered number: 12047868)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Motor
Equipment vehicles Totals
£    £    £   
COST
At 1 April 2023 4,055 19,396 23,451
Additions - 14,300 14,300
At 31 March 2024 4,055 33,696 37,751
DEPRECIATION
At 1 April 2023 646 8,040 8,686
Charge for year 852 6,546 7,398
At 31 March 2024 1,498 14,586 16,084
NET BOOK VALUE
At 31 March 2024 2,557 19,110 21,667
At 31 March 2023 3,409 11,356 14,765

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 49,611 22,832

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts - 4,976
Trade creditors 11,465 399
Taxation and social security 10,516 10,488
Other creditors 2,072 13,244
24,053 29,107

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 32,405 11,218