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REGISTERED NUMBER: 13844636 (England and Wales)















L D Connolly & Sons Ltd

Unaudited Financial Statements

for the Year Ended 31st January 2024






L D Connolly & Sons Ltd (Registered number: 13844636)






Contents of the Financial Statements
for the year ended 31st January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 4


L D Connolly & Sons Ltd

Company Information
for the year ended 31st January 2024







DIRECTOR: F Bufano





REGISTERED OFFICE: 310 Wellingborough Road
Northampton
NN1 4EP





BUSINESS ADDRESS: 3 Eagle Close
Luton
Bedfordshire
LU4 0TE





REGISTERED NUMBER: 13844636 (England and Wales)





ACCOUNTANTS: Cheney & Co
310 Wellingborough Road
Northampton
NN1 4EP

L D Connolly & Sons Ltd (Registered number: 13844636)

Balance Sheet
31st January 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 6 25,255 5,713
Cash at bank - 2,317
25,255 8,030
CREDITORS
Amounts falling due within one year 7 20,448 8,033
NET CURRENT ASSETS/(LIABILITIES) 4,807 (3 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,807

(3

)

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 4,806 (4 )
SHAREHOLDERS' FUNDS 4,807 (3 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 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.

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 11th October 2024 and were signed by:





F Bufano - Director


L D Connolly & Sons Ltd (Registered number: 13844636)

Notes to the Financial Statements
for the year ended 31st January 2024

1. STATUTORY INFORMATION

L D Connolly & Sons 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.

The presentation currency of the financial statements is the Pound Sterling (£).


The principal activity of the company in the year under review was that of construction.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

L D Connolly & Sons Ltd (Registered number: 13844636)

Notes to the Financial Statements - continued
for the year ended 31st January 2024

5. TANGIBLE FIXED ASSETS
Motor
vehicles
£   
COST
Additions 3,650
At 31st January 2024 3,650
DEPRECIATION
Charge for year 3,650
At 31st January 2024 3,650
NET BOOK VALUE
At 31st January 2024 -

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 25,255 5,713

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 4,195 6,485
Other creditors 16,253 1,548
20,448 8,033

8. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2024 2023
value: £    £   
1 Share capital 1 £1 1 1

9. CONTINGENT LIABILITIES

There were no contingent liabilities as at 31st January 2024 or 31st January 2023.

10. CAPITAL COMMITMENTS

There were no capital commitments as at 31st January 2024 or 31st January 2023.