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REGISTERED NUMBER: 10551555 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

L & B Utilities Ltd.

L & B Utilities Ltd. (Registered number: 10551555)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


L & B Utilities Ltd.

Company Information
for the Year Ended 31 January 2024







DIRECTOR: J R Clarke





SECRETARY:





REGISTERED OFFICE: 2 Marine Approach
Canvey Island
SS8 0AL





REGISTERED NUMBER: 10551555 (England and Wales)





ACCOUNTANTS: JBH Accountants
6 Gills Avenue
Canvey Island
Essex
SS8 7RG

L & B Utilities Ltd. (Registered number: 10551555)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,028,791 640,298

CURRENT ASSETS
Debtors 5 166,590 106,442
Cash at bank and in hand 383,851 380,087
550,441 486,529
CREDITORS
Amounts falling due within one year 6 225,311 634,008
NET CURRENT ASSETS/(LIABILITIES) 325,130 (147,479 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,353,921

492,819

CREDITORS
Amounts falling due after more than
one year

7

141,713

115
NET ASSETS 1,212,208 492,704

RESERVES
Retained earnings 1,212,208 492,704
1,212,208 492,704

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

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

L & B Utilities Ltd. (Registered number: 10551555)

Balance Sheet - continued
31 January 2024


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 4 October 2024 and were signed by:





J R Clarke - Director


L & B Utilities Ltd. (Registered number: 10551555)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

L & B Utilities 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.

2. ACCOUNTING POLICIES

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

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

L & B Utilities Ltd. (Registered number: 10551555)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023 1,050,135
Additions 606,349
At 31 January 2024 1,656,484
DEPRECIATION
At 1 February 2023 409,837
Charge for year 217,856
At 31 January 2024 627,693
NET BOOK VALUE
At 31 January 2024 1,028,791
At 31 January 2023 640,298

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors - 7,897
Other debtors 166,590 98,545
166,590 106,442

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade creditors 135,186 585,293
Taxation and social security 90,125 48,715
225,311 634,008

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.1.24 31.1.23
£    £   
Finance leases 141,600 -
Other creditors 113 115
141,713 115