Registered number
13057186
L J Birmingham Ltd
Unaudited Filleted Accounts
31 December 2023
L J Birmingham Ltd
Registered number: 13057186
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 8,610 9,840
Tangible assets 4 42,036 6,157
50,646 15,997
Current assets
Stocks - 500
Debtors 5 21,717 51,706
Cash at bank and in hand 42,045 20,079
63,762 72,285
Creditors: amounts falling due within one year 6 (53,875) (36,167)
Net current assets 9,887 36,118
Total assets less current liabilities 60,533 52,115
Creditors: amounts falling due after more than one year 7 (32,700) -
Provisions for liabilities (8,142) (3,039)
Net assets 19,691 49,076
Capital and reserves
Called up share capital 100 100
Profit and loss account 19,591 48,976
Shareholders' funds 19,691 49,076
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 members have 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.
Mr L Birmingham
Director
Approved by the board on 23 September 2024
L J Birmingham Ltd
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 rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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 and machinery 25% Straight Line
Motor Vehicles 10% Straight Line
Debtors and creditors receivable/ payable within one year
Debtors and creditors with no stated interest rate and receivable and payable within one year are recorded at transaction price. Any losses from impairment are recognised in the profit and loss account in other administrative expenses.
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 4 3
3 Intangible fixed assets £
Goodwill:
Cost
At 1 January 2023 12,300
At 31 December 2023 12,300
Amortisation
At 1 January 2023 2,460
Provided during the year 1,230
At 31 December 2023 3,690
Net book value
At 31 December 2023 8,610
At 31 December 2022 9,840
Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 January 2023 10,143 - 10,143
Additions 629 42,159 42,788
At 31 December 2023 10,772 42,159 52,931
Depreciation
At 1 January 2023 3,986 - 3,986
Charge for the year 2,693 4,216 6,909
At 31 December 2023 6,679 4,216 10,895
Net book value
At 31 December 2023 4,093 37,943 42,036
At 31 December 2022 6,157 - 6,157
5 Debtors 2023 2022
£ £
Other debtors 21,717 51,706
6 Creditors: amounts falling due within one year 2023 2022
£ £
Obligations under finance lease and hire purchase contracts 6,250 -
Trade creditors 12,616 11,946
Taxation and social security costs 6,178 11,772
Other creditors 28,831 12,449
53,875 36,167
7 Creditors: amounts falling due after one year 2023 2022
£ £
Obligations under finance lease and hire purchase contracts 32,700 -
8 Other information
L J Birmingham Ltd is a private company limited by shares and incorporated in England. Its registered office is:
42 Vixen Tor Close
Okehampton
Exeter
Devon
EX20 1TQ
L J Birmingham Ltd 13057186 false 2023-01-01 2023-12-31 2023-12-31 VT Final Accounts July 2024 Mr L Birmingham No description of principal activity 13057186 2022-01-01 2022-12-31 13057186 core:WithinOneYear 2022-12-31 13057186 core:AfterOneYear 2022-12-31 13057186 core:ShareCapital 2022-12-31 13057186 core:RetainedEarningsAccumulatedLosses 2022-12-31 13057186 2023-01-01 2023-12-31 13057186 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 13057186 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 13057186 bus:Director40 2023-01-01 2023-12-31 13057186 core:Goodwill 2023-01-01 2023-12-31 13057186 core:PlantMachinery 2023-01-01 2023-12-31 13057186 core:Vehicles 2023-01-01 2023-12-31 13057186 countries:England 2023-01-01 2023-12-31 13057186 bus:FRS102 2023-01-01 2023-12-31 13057186 bus:FilletedAccounts 2023-01-01 2023-12-31 13057186 2023-12-31 13057186 core:WithinOneYear 2023-12-31 13057186 core:AfterOneYear 2023-12-31 13057186 core:ShareCapital 2023-12-31 13057186 core:RetainedEarningsAccumulatedLosses 2023-12-31 13057186 core:Goodwill 2023-12-31 13057186 core:PlantMachinery 2023-12-31 13057186 core:Vehicles 2023-12-31 13057186 2022-12-31 13057186 core:Goodwill 2022-12-31 13057186 core:PlantMachinery 2022-12-31 13057186 core:Vehicles 2022-12-31 iso4217:GBP xbrli:pure