2023-04-012024-03-312024-03-31false11273267L C INSULATION SERVICES 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L C INSULATION SERVICES LTD

Registered Number
11273267
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2024

L C INSULATION SERVICES LTD
Company Information
for the year from 1 April 2023 to 31 March 2024

Director

CLARKE, Leon

Registered Address

22 Houghton Avenue
Hempstead
Gillingham
ME7 3RY

Registered Number

11273267 (England and Wales)
L C INSULATION SERVICES LTD
Balance Sheet as at
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets332,32811,882
32,32811,882
Current assets
Debtors347,344298,859
Cash at bank and on hand136,97560,515
484,319359,374
Creditors amounts falling due within one year4(158,154)(238,961)
Net current assets (liabilities)326,165120,413
Total assets less current liabilities358,493132,295
Creditors amounts falling due after one year5(65,883)(90,660)
Net assets292,61041,635
Capital and reserves
Called up share capital100100
Profit and loss account292,51041,535
Shareholders' funds292,61041,635
The financial statements were approved and authorised for issue by the Director on 19 September 2024, and are signed on its behalf by:
CLARKE, Leon
Director
Registered Company No. 11273267
L C INSULATION SERVICES LTD
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Fixtures and fittings4
Vehicles4
Office Equipment3
2.Average number of employees

20242023
Average number of employees during the year32
3.Tangible fixed assets

Vehicles

Fixtures & fittings

Office Equipment

Total

££££
Cost or valuation
At 01 April 2339,6171,2202,82843,665
Additions33,0007384,21437,952
At 31 March 2472,6171,9587,04281,617
Depreciation and impairment
At 01 April 2328,2021,2202,36131,783
Charge for year15,4491841,87317,506
At 31 March 2443,6511,4044,23449,289
Net book value
At 31 March 2428,9665542,80832,328
At 31 March 2311,415-46711,882
4.Creditors: amounts due within one year

2024

2023

££
Taxation and social security156,779237,586
Accrued liabilities and deferred income1,3751,375
Total158,154238,961
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
5.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts37,88963,218
Other creditors27,99427,442
Total65,88390,660
6.Obligations under finance leases

2024

2023

££
Finance lease and HP contracts27,99427,442
7.Controlling party
The controlling party is Mr L Clarke.