Company Registration No. 10539466 (England and Wales)
L K Industrial Covers Ltd
Unaudited accounts
for the year ended 31 December 2023
L K Industrial Covers Ltd
Unaudited accounts
Contents
L K Industrial Covers Ltd
Company Information
for the year ended 31 December 2023
Company Number
10539466 (England and Wales)
Registered Office
Meadowbrook
Miller Street
Radcliffe
M26 4JG
United Kingdom
Accountants
3rd Eye Accountax LTD
PO Box 163
Manchester
Greater Manchester
M26 6DD
L K Industrial Covers Ltd
Statement of financial position
as at 31 December 2023
Tangible assets
8,147
10,643
Cash at bank and in hand
2,683
1,510
Creditors: amounts falling due within one year
(26,121)
(26,101)
Net current liabilities
(6,980)
(10,566)
Total assets less current liabilities
1,167
77
Creditors: amounts falling due after more than one year
(3,993)
(6,655)
Net liabilities
(2,826)
(6,578)
Called up share capital
1
1
Profit and loss account
(2,827)
(6,579)
Shareholders' funds
(2,826)
(6,578)
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 19 September 2024 and were signed on its behalf by
Mr K Warburton
Director
Company Registration No. 10539466
L K Industrial Covers Ltd
Notes to the Accounts
for the year ended 31 December 2023
L K Industrial Covers Ltd is a private company, limited by shares, registered in England and Wales, registration number 10539466. The registered office is Meadowbrook, Miller Street, Radcliffe, M26 4JG, United Kingdom.
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% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
15% reducing balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2023
8,021
36,529
939
45,489
At 31 December 2023
8,021
36,529
939
45,489
At 1 January 2023
5,029
29,025
792
34,846
Charge for the year
598
1,876
22
2,496
At 31 December 2023
5,627
30,901
814
37,342
At 31 December 2023
2,394
5,628
125
8,147
At 31 December 2022
2,992
7,504
147
10,643
L K Industrial Covers Ltd
Notes to the Accounts
for the year ended 31 December 2023
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
2,662
2,662
Trade creditors
7,182
4,164
Taxes and social security
-
1,504
Loans from directors
15,147
17,271
7
Creditors: amounts falling due after more than one year
2023
2022
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).