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Registered number: 09201504
CONSTRUCTION LABOUR SOLUTIONS (UK) INFRASTRUCTURE LIMITED
Unaudited ABRIDGED Financial Statements
For The Year Ended 30 September 2024
LEAP Accountancy
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 09201504
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 10,000 27,000
Tangible Assets 5 5,200 10,228
15,200 37,228
CURRENT ASSETS
Stocks 1,016 -
Debtors 173,878 242,234
Cash at bank and in hand 2,989 6,067
177,883 248,301
Creditors: Amounts Falling Due Within One Year (149,288 ) (219,156 )
NET CURRENT ASSETS (LIABILITIES) 28,595 29,145
TOTAL ASSETS LESS CURRENT LIABILITIES 43,795 66,373
Creditors: Amounts Falling Due After More Than One Year - (52,500 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (988 ) (1,943 )
NET ASSETS 42,807 11,930
CAPITAL AND RESERVES
Called up share capital 6 120 120
Profit and Loss Account 42,687 11,810
SHAREHOLDERS' FUNDS 42,807 11,930
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Page 2
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 30 September 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mrs Catherine Fell
Director
04/10/2024
The notes on pages 3 to 4 form part of these financial statements.
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Page 3
Notes to the Abridged Financial Statements
1. General Information
CONSTRUCTION LABOUR SOLUTIONS (UK) INFRASTRUCTURE LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 09201504 . The registered office is CLS Business Centre, King Edward Street, Normanton, Wakefield, WF6 2AZ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 25% Reducing Balance
Computer Equipment 33% on Cost
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 3)
2 3
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4. Intangible Assets
Total
£
Cost
As at 1 October 2023 280,000
As at 30 September 2024 280,000
Amortisation
As at 1 October 2023 253,000
Provided during the period 17,000
As at 30 September 2024 270,000
Net Book Value
As at 30 September 2024 10,000
As at 1 October 2023 27,000
5. Tangible Assets
Total
£
Cost
As at 1 October 2023 29,513
Disposals (18,252 )
As at 30 September 2024 11,261
Depreciation
As at 1 October 2023 19,285
Provided during the period 5,028
Disposals (18,252 )
As at 30 September 2024 6,061
Net Book Value
As at 30 September 2024 5,200
As at 1 October 2023 10,228
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 120 120
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