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Company Registration No. 08170056 (England and Wales)
The Leak Detection Company Ltd Unaudited accounts for the year ended 31 July 2024
The Leak Detection Company Ltd Unaudited accounts Contents
Page
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The Leak Detection Company Ltd Company Information for the year ended 31 July 2024
Directors
CHENEY, Kimberley Rachel CHENEY, Paul Henry Seymour
Company Number
08170056 (England and Wales)
Registered Office
The Bothy Albury Park Albury Guildford Surrey GU5 9BH England
Accountants
Surrey Hills Accountancy Limited The Old Workshop Longfrey Cottage Dorking Road Chilworth GU4 8RH
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The Leak Detection Company Ltd Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
158,712 
159,911 
Current assets
Debtors
42,144 
33,468 
Cash at bank and in hand
352,185 
296,868 
394,329 
330,336 
Creditors: amounts falling due within one year
(102,661)
(97,287)
Net current assets
291,668 
233,049 
Total assets less current liabilities
450,380 
392,960 
Provisions for liabilities
Deferred tax
(39,677)
(25,957)
Net assets
410,703 
367,003 
Capital and reserves
Called up share capital
110 
110 
Profit and loss account
410,593 
366,893 
Shareholders' funds
410,703 
367,003 
For the year ending 31 July 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 directors acknowledge their 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 of Directors and authorised for issue on 24 September 2024 and were signed on its behalf by
CHENEY, Paul Henry Seymour Director Company Registration No. 08170056
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The Leak Detection Company Ltd Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
The Leak Detection Company Ltd is a private company, limited by shares, registered in England and Wales, registration number 08170056. The registered office is The Bothy Albury Park, Albury, Guildford, Surrey, GU5 9BH, 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.
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.
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.
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
25% Straight Line
Motor vehicles
25% Straight Line
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The Leak Detection Company Ltd Notes to the Accounts for the year ended 31 July 2024
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 August 2023
122,357 
191,350 
313,707 
Additions
32,814 
50,916 
83,730 
Disposals
(16,185)
(33,340)
(49,525)
At 31 July 2024
138,986 
208,926 
347,912 
Depreciation
At 1 August 2023
82,200 
71,596 
153,796 
Charge for the year
28,611 
46,961 
75,572 
On disposals
(11,297)
(28,871)
(40,168)
At 31 July 2024
99,514 
89,686 
189,200 
Net book value
At 31 July 2024
39,472 
119,240 
158,712 
At 31 July 2023
40,157 
119,754 
159,911 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
- 
3,850 
Trade debtors
20,166 
17,719 
Accrued income and prepayments
17,518 
11,899 
Other debtors
4,460 
- 
42,144 
33,468 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
37,145 
38,564 
Trade creditors
1,569 
3,648 
Taxes and social security
59,822 
54,325 
Other creditors
3,214 
- 
Accruals
911 
750 
102,661 
97,287 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
10 Ordinary B Sharss of £1 each
10 
10 
110 
110 
8
Average number of employees
During the year the average number of employees was 13 (2023: 13).
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