PROBUILD LANCASTER LTD |
Notes to the Accounts |
for the period from 6 February 2023 to 31 March 2024 |
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1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
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Tangible fixed assets |
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Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
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Plant and equipment |
15% on the reducing balance basis |
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Motor vehicle |
25% on the reducing balance basis |
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2 |
Employees |
2024 |
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Number |
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Average number of persons employed by the company |
1 |
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3 |
Tangible fixed assets |
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Plant and equipment |
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Motor vehicle |
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Total |
£ |
£ |
£ |
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Cost |
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Additions |
1,673 |
|
1 |
|
1,674 |
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At 31 March 2024 |
1,673 |
|
1 |
|
1,674 |
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Depreciation |
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Charge for the period |
251 |
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- |
|
251 |
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At 31 March 2024 |
251 |
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- |
|
251 |
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Net book value |
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At 31 March 2024 |
1,422 |
|
1 |
|
1,423 |
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4 |
Debtors |
2024 |
|
£ |
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|
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Trade debtors |
4,930 |
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Other debtors |
488 |
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5,418 |
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5 |
Creditors: amounts falling due within one year |
2024 |
|
£ |
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Trade creditors |
8,577 |
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Taxation |
4,037 |
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Director's loan account |
424 |
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13,038 |
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6 |
Other information |
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PROBUILD LANCASTER LTD is a private company limited by shares and incorporated in England. Its registered office is: |
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93 Wingate Avenue |
|
Morecambe |
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LA4 4SN |