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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
Page
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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
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Line Side Construction Ltd Statement of financial position as at 31 March 2024
2024 
Notes
£ 
Fixed assets
Tangible assets
80,589 
Current assets
Debtors
405,586 
Cash at bank and in hand
7,002 
412,588 
Creditors: amounts falling due within one year
(409,596)
Net current assets
2,992 
Net assets
83,581 
Capital and reserves
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
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Line Side Construction Ltd Notes to the Accounts for the period from 2 March 2023 to 31 March 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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 
At 2 March 2023
- 
- 
- 
Additions
19,266 
81,469 
100,735 
At 31 March 2024
19,266 
81,469 
100,735 
Depreciation
Charge for the period
3,853 
16,293 
20,146 
At 31 March 2024
3,853 
16,293 
20,146 
Net book value
At 31 March 2024
15,413 
65,176 
80,589 
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Line Side Construction Ltd Notes to the Accounts for the period from 2 March 2023 to 31 March 2024
5
Debtors
2024 
£ 
Amounts falling due within one year
VAT
891 
Trade debtors
315,150 
Other debtors
89,545 
405,586 
6
Creditors: amounts falling due within one year
2024 
£ 
Obligations under finance leases and hire purchase contracts
59,620 
Trade creditors
225,758 
Taxes and social security
678 
Loans from directors
123,540 
409,596 
7
Average number of employees
During the period the average number of employees was 2.
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