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REGISTERED NUMBER: 11613139 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Lancashire Concrete Services Ltd

Lancashire Concrete Services Ltd (Registered number: 11613139)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Lancashire Concrete Services Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Mr A Loughran





REGISTERED OFFICE: 295/297 Church Street
Blackpool
Lancashire
FY1 3PJ





REGISTERED NUMBER: 11613139 (England and Wales)





ACCOUNTANTS: CCW Limited
Chartered Accountants
295/297 Church Street
Blackpool
Lancashire
FY1 3PJ

Lancashire Concrete Services Ltd (Registered number: 11613139)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 8,000
Tangible assets 5 2,425 1,413
2,425 9,413

CURRENT ASSETS
Debtors 6 21,466 24,213
Cash at bank 12,760 40,576
34,226 64,789
CREDITORS
Amounts falling due within one year 7 22,504 35,150
NET CURRENT ASSETS 11,722 29,639
TOTAL ASSETS LESS CURRENT
LIABILITIES

14,147

39,052

CREDITORS
Amounts falling due after more than one
year

8

(11,721

)

(36,796

)

PROVISIONS FOR LIABILITIES (461 ) (268 )
NET ASSETS 1,965 1,988

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,865 1,888
SHAREHOLDERS' FUNDS 1,965 1,988

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Lancashire Concrete Services Ltd (Registered number: 11613139)

Balance Sheet - continued
31 March 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 August 2024 and were signed by:





Mr A Loughran - Director


Lancashire Concrete Services Ltd (Registered number: 11613139)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Lancashire Concrete Services Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced sales excluding value added tax. Sales are invoiced on provision of services and the right to the income is recognised at that point.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Lancashire Concrete Services Ltd (Registered number: 11613139)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 40,000
AMORTISATION
At 1 April 2023 32,000
Amortisation for year 8,000
At 31 March 2024 40,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 8,000

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 April 2023 1,798 - 1,798
Additions - 1,250 1,250
At 31 March 2024 1,798 1,250 3,048
DEPRECIATION
At 1 April 2023 385 - 385
Charge for year 212 26 238
At 31 March 2024 597 26 623
NET BOOK VALUE
At 31 March 2024 1,201 1,224 2,425
At 31 March 2023 1,413 - 1,413

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 17,647 22,606
Tax 2,063 -
Prepayments 1,756 1,607
21,466 24,213

Lancashire Concrete Services Ltd (Registered number: 11613139)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 9,995 9,989
Trade creditors 2,894 3,557
Tax 4,025 6,722
Social security and other taxes - 1,778
Directors' loan accounts 4,918 12,966
Accrued expenses 672 138
22,504 35,150

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans - 1-2 years 10,038 10,030
Bank loans - 2-5 years 1,683 11,766
Director's loan account - 15,000
11,721 36,796