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
Lothian Paving (Commercial) Limited
Company Information
for the year ended 31 December 2023
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
Lothian Paving (Commercial) Limited
Statement of financial position
as at 31 December 2023
Tangible assets
109,534
54,322
Cash at bank and in hand
138,788
113,772
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)
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
Lothian Paving (Commercial) Limited
Notes to the Accounts
for the year ended 31 December 2023
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.
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.
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
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
At 31 December 2023
34,390
75,144
109,534
At 31 December 2022
34,059
20,263
54,322
Lothian Paving (Commercial) Limited
Notes to the Accounts
for the year ended 31 December 2023
Amounts falling due within one year
Trade debtors
57,810
15,960
Amounts due from group undertakings etc.
16,001
-
6
Creditors: amounts falling due within one year
2023
2022
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
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Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
2,888
6,038
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
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Average number of employees
During the year the average number of employees was 2 (2022: 2).