Company Registration No. 13039585 (England and Wales)
LD INDUSTRIAL PLANTS LIMITED
Unaudited accounts
for the year ended 30 November 2023
LD INDUSTRIAL PLANTS LIMITED
Unaudited accounts
Contents
LD INDUSTRIAL PLANTS LIMITED
Company Information
for the year ended 30 November 2023
Secretary
Ms Linguma Limbondo
Company Number
13039585 (England and Wales)
Registered Office
40 RUSKIN ROAD
WOLVERHAMPTON
WV10 8DJ
ENGLAND
Accountants
Ease Accounting Associates UK Limited
Chartered Accountants
Base Point Dartford Business Park
54 Victoria Road
DARTFORD
Kent
DA1 5FS
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of LD INDUSTRIAL PLANTS LIMITED for the year ended 30 November 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
LD INDUSTRIAL PLANTS LIMITED for the year ended
30 November 2023 as set out on pages
5 -
8 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of LD INDUSTRIAL PLANTS LIMITED, as a body, in accordance with the terms of our engagement letter dated 2 August 2021. Our work has been undertaken solely to prepare for your approval the accounts of LD INDUSTRIAL PLANTS LIMITED and state those matters that we have agreed to state to the Board of Directors of LD INDUSTRIAL PLANTS LIMITED, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than LD INDUSTRIAL PLANTS LIMITED and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that LD INDUSTRIAL PLANTS LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of LD INDUSTRIAL PLANTS LIMITED. You consider that LD INDUSTRIAL PLANTS LIMITED is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of LD INDUSTRIAL PLANTS LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Ease Accounting Associates UK Limited
Chartered Accountants
Chartered Accountants
Base Point Dartford Business Park
54 Victoria Road
DARTFORD
Kent
DA1 5FS
23 September 2023
LD INDUSTRIAL PLANTS LIMITED
Statement of financial position
as at 30 November 2023
Intangible assets
2,639
3,516
Tangible assets
1,927
2,350
Cash at bank and in hand
8,698
9,320
Creditors: amounts falling due within one year
(42,221)
(23,642)
Net current assets/(liabilities)
4,554
(14,104)
Total assets less current liabilities
9,120
(8,238)
Creditors: amounts falling due after more than one year
(5,814)
(8,814)
Net assets/(liabilities)
3,306
(17,052)
Called up share capital
1,000
2
Profit and loss account
(694)
(17,054)
Shareholders' funds
3,306
(17,052)
For the year ending 30 November 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 23 September 2023 and were signed on its behalf by
DILU, Louison
Director
Company Registration No. 13039585
LD INDUSTRIAL PLANTS LIMITED
Notes to the Accounts
for the year ended 30 November 2023
LD INDUSTRIAL PLANTS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 13039585. The registered office is 40 RUSKIN ROAD, WOLVERHAMPTON, WV10 8DJ, ENGLAND.
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.
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:
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
1. Foreign Currency Transactions
The company engages in transactions denominated in foreign currencies. These transactions are recorded in the functional currency (GBP) at the exchange rate prevailing on the date of the transaction.
2. Translation of Foreign Currency Balances
At the balance sheet date, monetary assets and liabilities denominated in foreign currencies are translated into GBP at the closing exchange rate. Any resulting exchange differences are recognized in the profit and loss account.
3. Foreign Exchange Gains and Losses
For the year ended 30 November 2023, the company recognized foreign exchange gains/losses . These gains/losses arise from the translation of foreign currency transactions and balances.
4. Compliance with Accounting Standards
The foreign currency transactions and balances have been accounted for in accordance with FRS 102 Section 30, which outlines the requirements for foreign currency translation under UK GAAP.
LD INDUSTRIAL PLANTS LIMITED
Notes to the Accounts
for the year ended 30 November 2023
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
An Italian branch is being set up. The UK will continue to be the Head office of the company in the foreseeable future.
4
Intangible fixed assets
Other
5
Tangible fixed assets
Motor vehicles
Amounts falling due within one year
LD INDUSTRIAL PLANTS LIMITED
Notes to the Accounts
for the year ended 30 November 2023
7
Creditors: amounts falling due within one year
2023
2022
Trade creditors
12,558
5,008
Taxes and social security
43
145
Other creditors
12,143
9,521
Loans from directors
16,137
8,293
8
Creditors: amounts falling due after more than one year
2023
2022
Loans from directors
5,814
8,814
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000
2
Shares issued during the period:
998 Ordinary shares of £1 each
998
10
Average number of employees
During the year the average number of employees was 2 (2022: 2).