1 January 2023 false No description of principal activity Taxfiler 2024.5 10539466business:PrivateLimitedCompanyLtd2023-01-012023-12-31 105394662022-12-31 105394662023-01-012023-12-31 10539466business:AuditExempt-NoAccountantsReport2023-01-012023-12-31 10539466business:FilletedAccounts2023-01-012023-12-31 105394662023-12-31 10539466business:Director12023-01-012023-12-31 10539466business:RegisteredOffice2023-01-012023-12-31 105394662022-12-31 10539466core:WithinOneYear2023-12-31 10539466core:WithinOneYear2022-12-31 10539466core:AfterOneYear2023-12-31 10539466core:AfterOneYear2022-12-31 10539466core:ShareCapitalcore:PreviouslyStatedAmount2023-12-31 10539466core:ShareCapitalcore:PreviouslyStatedAmount2022-12-31 10539466core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-31 10539466core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-12-31 10539466core:PreviouslyStatedAmount2023-12-31 10539466core:PreviouslyStatedAmount2022-12-31 10539466business:SmallEntities2023-01-012023-12-31 10539466countries:EnglandWales2023-01-012023-12-31 10539466core:PlantMachinery2023-01-012023-12-31 10539466core:MotorVehicles2023-01-012023-12-31 10539466core:FurnitureFittings2023-01-012023-12-31 10539466core:PlantMachinery2022-12-31 10539466core:MotorVehicles2022-12-31 10539466core:FurnitureFittings2022-12-31 10539466core:PlantMachinery2023-12-31 10539466core:MotorVehicles2023-12-31 10539466core:FurnitureFittings2023-12-31 105394662022-01-012022-12-31 iso4217:GBP xbrli:pure
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
Page
- 2 -
L K Industrial Covers Ltd Company Information for the year ended 31 December 2023
Director
Mr K Warburton
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
- 3 -
L K Industrial Covers Ltd Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
8,147 
10,643 
Current assets
Inventories
6,595 
13,550 
Debtors
9,863 
475 
Cash at bank and in hand
2,683 
1,510 
19,141 
15,535 
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)
Capital and reserves
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
- 4 -
L K Industrial Covers Ltd Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
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.
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% 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 
Depreciation
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 
Net book value
At 31 December 2023
2,394 
5,628 
125 
8,147 
At 31 December 2022
2,992 
7,504 
147 
10,643 
- 5 -
L K Industrial Covers Ltd Notes to the Accounts for the year ended 31 December 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
9,863 
294 
Other debtors
- 
181 
9,863 
475 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
2,662 
2,662 
VAT
630 
- 
Trade creditors
7,182 
4,164 
Taxes and social security
- 
1,504 
Loans from directors
15,147 
17,271 
Accruals
500 
500 
26,121 
26,101 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
3,993 
6,655 
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).
- 6 -