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Company Registration No. 10712431 (England and Wales)
L J Sims Building & Maintenance Services Ltd Unaudited accounts for the year ended 30 April 2024
L J Sims Building & Maintenance Services Ltd Unaudited accounts Contents
Page
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L J Sims Building & Maintenance Services Ltd Company Information for the year ended 30 April 2024
Director
Lewis Sims
Company Number
10712431 (England and Wales)
Registered Office
112-113 High Street Lincoln LN5 7PY UNITED KINGDOM
Accountants
M D Darby FCPA, CPAA, FIAB, ACCA/Cert:IFR, IFRS, IPSAS, IA Templar Accounting & Business Support Services Limited (Incorp: Blake and Co ) 112 - 113 High Street, Lincoln, Lincolnshire LN5 7PY
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L J Sims Building & Maintenance Services Ltd Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
42,168 
56,223 
Current assets
Inventories
55,640 
5,640 
Debtors
48,842 
47,042 
Cash at bank and in hand
21,761 
96,323 
126,243 
149,005 
Creditors: amounts falling due within one year
(33,129)
(32,481)
Net current assets
93,114 
116,524 
Total assets less current liabilities
135,282 
172,747 
Creditors: amounts falling due after more than one year
(10,000)
(20,370)
Provisions for liabilities
Deferred tax
(7,695)
(12,843)
Net assets
117,587 
139,534 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
117,586 
139,533 
Shareholders' funds
117,587 
139,534 
For the year ending 30 April 2024 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 31 August 2024 and were signed on its behalf by
Lewis Sims Director Company Registration No. 10712431
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L J Sims Building & Maintenance Services Ltd Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
L J Sims Building & Maintenance Services Ltd is a private company, limited by shares, registered in England and Wales, registration number 10712431. The registered office is 112-113 High Street, Lincoln, LN5 7PY, 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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 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
25% Reducing balance
Motor vehicles
25% Reducing balance
Fixtures & fittings
25% Reducing balance
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Hire purchase & Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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L J Sims Building & Maintenance Services Ltd Notes to the Accounts for the year ended 30 April 2024
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 May 2023
72,418 
53,975 
400 
126,793 
At 30 April 2024
72,418 
53,975 
400 
126,793 
Depreciation
At 1 May 2023
56,844 
13,495 
231 
70,570 
Charge for the year
3,893 
10,120 
42 
14,055 
At 30 April 2024
60,737 
23,615 
273 
84,625 
Net book value
At 30 April 2024
11,681 
30,360 
127 
42,168 
At 30 April 2023
15,574 
40,480 
169 
56,223 
2024 
2023 
Carrying values included above held under finance leases and hire purchase contracts:
£ 
£ 
- Motor vehicles
- 
40,480 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
1,800 
- 
Other debtors
47,042 
47,042 
48,842 
47,042 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
10,000 
10,000 
VAT
3,526 
5,882 
Trade creditors
314 
- 
Taxes and social security
2,011 
9,456 
Loans from directors
16,528 
6,393 
Accruals
750 
750 
33,129 
32,481 
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L J Sims Building & Maintenance Services Ltd Notes to the Accounts for the year ended 30 April 2024
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
10,000 
20,370 
A bounce back loan of £10,000 is outstanding that represents 1 year of liability
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
9
Capital commitments
2024 
2023 
£ 
£ 
There are no signed capital commitments at the approval date of these financial statements
10
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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