Company Registration No. 14699681 (England and Wales)
Line Side Construction Ltd
Unaudited accounts
for the period from 2 March 2023 to 31 March 2024
Line Side Construction Ltd
Unaudited accounts
Contents
Line Side Construction Ltd
Company Information
for the period from 2 March 2023 to 31 March 2024
Directors
Ian McGee
Matt Negus
Company Number
14699681 (England and Wales)
Registered Office
HOE LANE
NAZEING
WALTHAM ABBEY
EN9 2RJ
United Kingdom
Accountants
Rework Accountancy
16 St Christophers Close
Dunstable
Bedfordshire
LU5 4PD
Line Side Construction Ltd
Statement of financial position
as at 31 March 2024
Cash at bank and in hand
7,002
Creditors: amounts falling due within one year
(409,596)
Called up share capital
100
Profit and loss account
83,481
Shareholders' funds
83,581
For the period ending 31 March 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 7 August 2024 and were signed on its behalf by
Ian McGee
Director
Company Registration No. 14699681
Line Side Construction Ltd
Notes to the Accounts
for the period from 2 March 2023 to 31 March 2024
Line Side Construction Ltd is a private company, limited by shares, registered in England and Wales, registration number 14699681. The registered office is HOE LANE, NAZEING, WALTHAM ABBEY, EN9 2RJ, United Kingdom.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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.
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
20% Reducing Balance
Motor vehicles
20% Reducing Balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
Additions
19,266
81,469
100,735
At 31 March 2024
19,266
81,469
100,735
Charge for the period
3,853
16,293
20,146
At 31 March 2024
3,853
16,293
20,146
At 31 March 2024
15,413
65,176
80,589
Line Side Construction Ltd
Notes to the Accounts
for the period from 2 March 2023 to 31 March 2024
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
Obligations under finance leases and hire purchase contracts
59,620
Taxes and social security
678
Loans from directors
123,540
7
Average number of employees
During the period the average number of employees was 2.