1 January 2023 false No description of principal activity Taxfiler 2024.5 SC551915business:PrivateLimitedCompanyLtd2023-01-012023-12-31 SC5519152022-12-31 SC5519152023-01-012023-12-31 SC551915business:AuditExemptWithAccountantsReport2023-01-012023-12-31 SC551915business:FilletedAccounts2023-01-012023-12-31 SC5519152023-12-31 SC551915business:Director12023-01-012023-12-31 SC551915business:RegisteredOffice2023-01-012023-12-31 SC5519152022-12-31 SC551915core:WithinOneYear2023-12-31 SC551915core:WithinOneYear2022-12-31 SC551915core:AfterOneYear2023-12-31 SC551915core:AfterOneYear2022-12-31 SC551915core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-31 SC551915core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-12-31 SC551915core:PreviouslyStatedAmount2023-12-31 SC551915core:PreviouslyStatedAmount2022-12-31 SC551915business:SmallEntities2023-01-012023-12-31 SC551915countries:Scotland2023-01-012023-12-31 SC551915core:PlantMachinery2023-01-012023-12-31 SC551915core:MotorVehicles2023-01-012023-12-31 SC551915core:PlantMachinery2022-12-31 SC551915core:MotorVehicles2022-12-31 SC551915core:PlantMachinery2023-12-31 SC551915core:MotorVehicles2023-12-31 SC5519152022-01-012022-12-31 iso4217:GBP xbrli:pure
Company Registration No. SC551915 (Scotland)
Lothian Paving (Commercial) Limited Unaudited accounts for the year ended 31 December 2023
Lothian Paving (Commercial) Limited Unaudited accounts Contents
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Lothian Paving (Commercial) Limited Company Information for the year ended 31 December 2023
Director
Maciej Kowalski
Company Number
SC551915 (Scotland)
Registered Office
5 South Charlotte Street Edinburgh EH2 4AN SCOTLAND
Accountants
Oak Team Associates Limited 272 Bath Street Glasgow G2 4JR
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Lothian Paving (Commercial) Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
109,534 
54,322 
Current assets
Inventories
- 
17,303 
Debtors
73,811 
15,960 
Cash at bank and in hand
138,788 
113,772 
212,599 
147,035 
Creditors: amounts falling due within one year
(126,908)
(116,679)
Net current assets
85,691 
30,356 
Total assets less current liabilities
195,225 
84,678 
Creditors: amounts falling due after more than one year
(2,888)
(6,038)
Net assets
192,337 
78,640 
Capital and reserves
Profit and loss account
192,337 
78,640 
Shareholders' funds
192,337 
78,640 
For the year ending 31 December 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 director acknowledges his 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 and authorised for issue on 8 August 2024 and were signed on its behalf by
Maciej Kowalski Director Company Registration No. SC551915
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Lothian Paving (Commercial) Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Lothian Paving (Commercial) Limited is a private company, limited by shares, registered in Scotland, registration number SC551915. The registered office is 5 South Charlotte Street, Edinburgh, EH2 4AN, SCOTLAND.
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.
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% on a straight line basis
Motor vehicles
20% on a straight line basis
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2023
62,963 
65,882 
128,845 
Additions
16,155 
68,377 
84,532 
Disposals
- 
(23,109)
(23,109)
At 31 December 2023
79,118 
111,150 
190,268 
Depreciation
At 1 January 2023
28,904 
45,619 
74,523 
Charge for the year
15,824 
13,496 
29,320 
On disposals
- 
(23,109)
(23,109)
At 31 December 2023
44,728 
36,006 
80,734 
Net book value
At 31 December 2023
34,390 
75,144 
109,534 
At 31 December 2022
34,059 
20,263 
54,322 
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Lothian Paving (Commercial) Limited Notes to the Accounts for the year ended 31 December 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
57,810 
15,960 
Amounts due from group undertakings etc.
16,001 
- 
73,811 
15,960 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
19,293 
24,236 
Obligations under finance leases and hire purchase contracts
3,150 
3,150 
Trade creditors
35,202 
29,677 
Taxes and social security
20,705 
19,116 
Loans from directors
5,000 
40,500 
Accruals
43,558 
- 
126,908 
116,679 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Obligations under finance leases and hire purchase contracts
2,888 
6,038 
8
Loans to directors
At the year end the company declared dividends of £45,000 to the sole shareholder and director, Maciej Kowalski. These dividends were paid in September 2021 and represented a loan balance due to the director at the accounting reference date.
9
Transactions with related parties
The company declared dividends of £16,000 to the shareholder from the retained profits for the period. At the accounts date these sums had not been paid to the shareholder and are represented by a director's loan payable to Mr Kowalski
10
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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