Company Registration No. 5389999 (England and Wales)
London Extension Company Limited
Unaudited accounts
for the year ended 31 March 2024
London Extension Company Limited
Unaudited accounts
Contents
London Extension Company Limited
Company Information
for the year ended 31 March 2024
Directors
Mr. A.C. Green
Mrs. T.E. Green
Company Number
5389999 (England and Wales)
Registered Office
29 Berwyn Road
Richmond
Surrey
TW10 5BP
Accountants
Ashley & Co. Chartered Certified Accountants
38 Wey House
15 Church Street
Weybridge
Surrey
KT13 8NA
London Extension Company Limited
Statement of financial position
as at 31 March 2024
Cash at bank and in hand
38,959
12,141
Creditors: amounts falling due within one year
(51,728)
(21,269)
Net current assets
13,838
22,093
Total assets less current liabilities
15,626
22,942
Creditors: amounts falling due after more than one year
(11,756)
(21,702)
Called up share capital
2
2
Profit and loss account
3,868
1,238
Shareholders' funds
3,870
1,240
For the year ending 31 March 2024 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 9 September 2024 and were signed on its behalf by
Mr. A.C. Green
Director
Company Registration No. 5389999
London Extension Company Limited
Notes to the Accounts
for the year ended 31 March 2024
London Extension Company Limited is a private company, limited by shares, registered in England and Wales, registration number 5389999. The registered office is 29 Berwyn Road, Richmond, Surrey, TW10 5BP.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
The activity of the company is that of building and construction.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
Straight Line 15%
Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
London Extension Company Limited
Notes to the Accounts
for the year ended 31 March 2024
4
Tangible fixed assets
Plant & machinery
Amounts falling due within one year
Other debtors
22,714
28,048
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
10,648
10,648
Taxes and social security
13,717
4,298
The amount includes a proportion of a bank bounce back loan, with an amount of £10648 assumed repayable within one year.
7
Creditors: amounts falling due after more than one year
2024
2023
A bank bounce back loan of £50000 was received during the year to 31st March, 2021, with one year included as at 31st March, 2024, as due after one year, excluding interest.
Allotted, called up and fully paid:
1 Ordinary shares - Class A of £1 each
1
1
1 Ordinary shares - Class B of £1 each
1
1
London Extension Company Limited
Notes to the Accounts
for the year ended 31 March 2024
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Amount due by the director to the company
14,024
11,357
14,024
11,357
Amount due by the director to the company
14,024
11,357
14,024
11,357
28,048
22,714
28,048
22,714
The amounts due by the directors includes advances on company expenses, which are included as other debtors.
10
Average number of employees
During the year the average number of employees was 2 (2023: 2).