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Company Registration No. 13742101 (England and Wales)
LW CONSTRUCTION SOLUTIONS LTD Unaudited accounts for the year ended 30 November 2023
LW CONSTRUCTION SOLUTIONS LTD Unaudited accounts Contents
Page
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LW CONSTRUCTION SOLUTIONS LTD Company Information for the year ended 30 November 2023
Directors
Mr Liam Wye Michelle Wye
Company Number
13742101 (England and Wales)
Registered Office
28 MAIN ROAD FRIDAY BRIDGE WISBECH PE14 0HJ ENGLAND
Accountants
Azoth Digital Accountants Jonathan Scott Hall Thorpe Road Norwich Norfolk NR1 1UH
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LW CONSTRUCTION SOLUTIONS LTD Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
38,347 
33,213 
Current assets
Debtors
1,212 
1,835 
Cash at bank and in hand
72,611 
49,055 
73,823 
50,890 
Creditors: amounts falling due within one year
(28,893)
(46,049)
Net current assets
44,930 
4,841 
Total assets less current liabilities
83,277 
38,054 
Provisions for liabilities
Deferred tax
(6,572)
(4,178)
Net assets
76,705 
33,876 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
76,703 
33,874 
Shareholders' funds
76,705 
33,876 
For the year ending 30 November 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 directors acknowledge their 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 of Directors and authorised for issue on 3 September 2024 and were signed on its behalf by
Mr Liam Wye Director Company Registration No. 13742101
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LW CONSTRUCTION SOLUTIONS LTD Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
LW CONSTRUCTION SOLUTIONS LTD is a private company, limited by shares, registered in England and Wales, registration number 13742101. The registered office is 28 MAIN ROAD, FRIDAY BRIDGE, WISBECH, PE14 0HJ, ENGLAND.
2
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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 balance
Motor vehicles
20% reducing balance
Computer equipment
25% reducing balance
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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LW CONSTRUCTION SOLUTIONS LTD Notes to the Accounts for the year ended 30 November 2023
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 December 2022
26,840 
13,800 
732 
41,372 
Additions
94 
23,495 
- 
23,589 
Disposals
- 
(13,800)
- 
(13,800)
At 30 November 2023
26,934 
23,495 
732 
51,161 
Depreciation
At 1 December 2022
5,136 
2,881 
142 
8,159 
Charge for the year
4,359 
4,005 
147 
8,511 
On disposals
- 
(3,856)
- 
(3,856)
At 30 November 2023
9,495 
3,030 
289 
12,814 
Net book value
At 30 November 2023
17,439 
20,465 
443 
38,347 
At 30 November 2022
21,704 
10,919 
590 
33,213 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
- 
575 
Trade debtors
1,212 
- 
Other debtors
- 
1,260 
1,212 
1,835 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
4,283 
- 
Trade creditors
1,408 
3,163 
Taxes and social security
8,258 
4,377 
Other creditors
536 
466 
Loans from directors
14,408 
37,055 
Accruals
- 
988 
28,893 
46,049 
7
Average number of employees
During the year the average number of employees was 3 (2022: 2).
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