Registered number
06009156
Landplan Contracting Limited
Filleted Accounts
31 December 2023
Landplan Contracting Limited
Registered number: 06009156
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 109,810 117,129
Current assets
Stocks 20,439 20,068
Debtors 4 222,052 152,136
Cash at bank and in hand 62,084 136,468
304,575 308,672
Creditors: amounts falling due within one year 5 (112,174) (54,251)
Net current assets 192,401 254,421
Total assets less current liabilities 302,211 371,550
Creditors: amounts falling due after more than one year 6 (25,000) (25,833)
Provisions for liabilities (20,864) (22,254)
Net assets 256,347 323,463
Capital and reserves
Called up share capital 3 2
Profit and loss account 256,344 323,461
Shareholder's funds 256,347 323,463
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
S de Bock
Director
Approved by the board on 4 March 2024
Landplan Contracting Limited
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
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).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
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:
Plant, machinery and office equipment 20% reducing balance
Motor vehicles 25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 January 2023 272,788 97,730 370,518
Additions 21,437 - 21,437
At 31 December 2023 294,225 97,730 391,955
Depreciation
At 1 January 2023 176,521 76,868 253,389
Charge for the year 23,541 5,215 28,756
At 31 December 2023 200,062 82,083 282,145
Net book value
At 31 December 2023 94,163 15,647 109,810
At 31 December 2022 96,267 20,862 117,129
4 Debtors 2023 2022
£ £
Trade debtors 204,566 130,752
Other debtors 17,486 21,384
222,052 152,136
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 5,000 10,000
Trade creditors 91,761 27,634
Taxation and social security costs 11,804 14,273
Other creditors 3,609 2,344
112,174 54,251
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 25,000 25,833
7 Related party transactions
Director's remuneration 12,855 11,370
Dividends paid to related party 70,437 38,980
8 Controlling party
The company's controlling party was the director.
9 Other information
Landplan Contracting Limited is a private company limited by shares and incorporated in England. Its registered office is:
Brook Lane
Barnwell
Oundle
Peterborough
PE8 5PW
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