2023-04-01 03530837 2024-03-31 03530837 2023-04-01 2024-03-31 03530837 2023-03-31 03530837 2022-04-01 2023-03-31 03530837 uk-core:WithinOneYear 2023-03-31 03530837 uk-core:WithinOneYear 2024-03-31 03530837 uk-core:ShareCapital 2024-03-31 03530837 uk-core:ShareCapital 2023-03-31 03530837 uk-core:RetainedEarningsAccumulatedLosses 2024-03-31 03530837 uk-core:RetainedEarningsAccumulatedLosses 2023-03-31 03530837 uk-bus:Director1 2023-04-01 2024-03-31 03530837 uk-bus:Director2 2023-04-01 2024-03-31 03530837 uk-core:MotorVehicles 2023-04-01 2024-03-31 03530837 uk-core:FurnitureFittingsToolsEquipment 2023-04-01 2024-03-31 03530837 uk-core:FurnitureFittingsToolsEquipment 2023-03-31 03530837 uk-core:MotorVehicles 2023-03-31 03530837 uk-core:Buildings 2023-03-31 03530837 uk-core:Buildings 2023-04-01 2024-03-31 03530837 uk-core:Buildings 2024-03-31 03530837 uk-core:MotorVehicles 2024-03-31 03530837 uk-core:FurnitureFittingsToolsEquipment 2024-03-31 03530837 3 uk-bus:Director1 2023-04-01 2024-03-31 03530837 3 uk-bus:Director1 2024-03-31 03530837 3 uk-bus:Director1 2023-03-31 03530837 4 uk-bus:Director2 2023-04-01 2024-03-31 03530837 4 uk-bus:Director2 2024-03-31 03530837 4 uk-bus:Director2 2023-03-31 iso4217:GBP xbrli:pure 03530837 uk-bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 03530837 uk-bus:FRS102 2023-04-01 2024-03-31 03530837 uk-bus:FilletedAccounts 2023-04-01 2024-03-31 03530837 uk-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31
L & H Decorators Limited
Registered Number:03530837
For the year ended 31 March 2024
England and Wales
Unaudited Financial Statements
2
Registered Number :
03530837
As at 31 March 2024
L & H Decorators Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
388,178
344,487
2
388,178
344,487
Current assets
Inventories
2,830
2,789
3
Trade and other receivables
958,902
1,036,304
4
1,543,117
Cash and cash equivalents
1,652,645
2,691,738
2,504,849
Trade and other payables: amounts falling due within one
year
(464,420)
(518,239)
5
2,040,429
2,173,499
Net current assets
Total assets less current liabilities
2,561,677
2,384,916
2,561,677
Net assets
2,384,916
Capital and reserves
Called up share capital
300
300
Retained earnings
2,561,377
2,384,616
2,561,677
2,384,916
Shareholders' funds
For the year ended 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 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 proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Peter Latham Director
Mr John Spencer Hughes Director
These financial statements were approved and authorised for issue by the Board on 16 October 2024 and were signed by:
The notes form part of these financial statements
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For the year ended 31 March 2024
L & H Decorators Limited
Notes to the Financial Statements
Statutory Information
L & H Decorators Limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 03530837.
Registered address:
Suite 1&2 Tarleton Court Yard
Church Road
Tarleton
Preston
PR4 6UP
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
20% Reducing balance
Motor vehicles
20% Reducing balance
Fixtures, fittings & equipment
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
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4
For the year ended 31 March 2024
L & H Decorators Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Fixtures,
fittings &
equipment
Motor vehicles
Property
£
£
£
£
Cost or
valuation
At 01 April 2023
582,881
82,249
387,035
113,597
282,447
4,796
277,651
-
Additions
-
(223,714)
-
Disposals
(223,714)
At 31 March 2024
113,597
440,972
87,045
641,614
Provision for depreciation and impairment
At 01 April 2023
238,394
60,822
163,940
13,632
Charge for year
74,894
5,245
67,377
2,272
(59,852)
-
(59,852)
-
On disposal
At 31 March 2024
253,436
66,067
171,465
15,904
At 31 March 2024
Net book value
97,693
269,507
20,978
388,178
At 31 March 2023
99,965
223,095
21,427
344,487
1
3. Inventories
2023
2024
£
£
Stocks
2,789
2,830
4. Trade and other receivables
2023
2024
£
£
Trade debtors
974,627
877,542
Other debtors
61,677
81,360
958,902
1,036,304
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5
For the year ended 31 March 2024
L & H Decorators Limited
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Trade creditors
104,472
119,104
Taxation and social security
172,228
102,120
Other creditors
241,539
243,196
518,239
464,420
6. Related party transactions
Dividends paid totalling £ 50000 (2023: £75000)
Dividends paid totalling £52000 (2023: £ 78000)
7. Directors advances and guarantees
At 01/04/2023
Loaned
At 31/03/2024
£
£
£
Mr John Spencer Hughes
Directors Advance
3,315
2,715
600
3,315
2,715
600
Mr Peter Latham
Directors Advance
3,315
2,715
600
3,315
2,715
600
8. Average number of persons employed
During the year the average number of employees was 22 (2023 : 20)
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