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REGISTERED NUMBER: 07905681 (England and Wales)

















Unaudited Financial Statements

for the Period 1 April 2023 to 30 June 2024

for

Liversidge Road Surfacing Contractors
Ltd

Liversidge Road Surfacing Contractors
Ltd (Registered number: 07905681)






Contents of the Financial Statements
for the Period 1 April 2023 to 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Liversidge Road Surfacing Contractors
Ltd

Company Information
for the Period 1 April 2023 to 30 June 2024







DIRECTORS: Mrs C A Liversidge
Mr D Liversidge





REGISTERED OFFICE: 16-18 Station Road
Chapeltown
Sheffield
South Yorkshire
S35 2XH





REGISTERED NUMBER: 07905681 (England and Wales)





ACCOUNTANTS: Lishmans LLP
16-18 Station Road
Chapeltown
Sheffield
South Yorkshire
S35 2XH

Liversidge Road Surfacing Contractors
Ltd (Registered number: 07905681)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 304,915 145,528

CURRENT ASSETS
Stocks 29,880 20,150
Debtors 5 230,641 141,954
Cash at bank 6,828 42,340
267,349 204,444
CREDITORS
Amounts falling due within one year 6 149,130 153,863
NET CURRENT ASSETS 118,219 50,581
TOTAL ASSETS LESS CURRENT
LIABILITIES

423,134

196,109

CREDITORS
Amounts falling due after more than
one year

7

(174,565

)

(28,118

)

PROVISIONS FOR LIABILITIES 8 - (21,213 )
NET ASSETS 248,569 146,778

Liversidge Road Surfacing Contractors
Ltd (Registered number: 07905681)

Balance Sheet - continued
30 June 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 248,469 146,678
SHAREHOLDERS' FUNDS 248,569 146,778

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 2 October 2024 and were signed on its behalf by:





Mr D Liversidge - Director


Liversidge Road Surfacing Contractors
Ltd (Registered number: 07905681)

Notes to the Financial Statements
for the Period 1 April 2023 to 30 June 2024

1. STATUTORY INFORMATION

Liversidge Road Surfacing Contractors 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance basis

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the period 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.


Liversidge Road Surfacing Contractors
Ltd (Registered number: 07905681)

Notes to the Financial Statements - continued
for the Period 1 April 2023 to 30 June 2024

2. ACCOUNTING POLICIES - continued
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 period 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 9 (2023 - 11 ) .

Liversidge Road Surfacing Contractors
Ltd (Registered number: 07905681)

Notes to the Financial Statements - continued
for the Period 1 April 2023 to 30 June 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 486,078
Additions 333,204
Disposals (139,190 )
At 30 June 2024 680,092
DEPRECIATION
At 1 April 2023 340,550
Charge for period 48,236
Eliminated on disposal (13,609 )
At 30 June 2024 375,177
NET BOOK VALUE
At 30 June 2024 304,915
At 31 March 2023 145,528

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 April 2023
and 30 June 2024 219,586
DEPRECIATION
At 1 April 2023
and 30 June 2024 131,941
NET BOOK VALUE
At 30 June 2024 87,645
At 31 March 2023 87,645

Liversidge Road Surfacing Contractors
Ltd (Registered number: 07905681)

Notes to the Financial Statements - continued
for the Period 1 April 2023 to 30 June 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 168,524 130,461
Other debtors 62,117 11,493
230,641 141,954

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 81,995 17,617
Trade creditors 54,892 13,596
Taxation and social security (1,514 ) 45,204
Other creditors 3,757 67,446
149,130 153,863

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 10,054 23,784
Hire purchase contracts 164,511 4,334
174,565 28,118

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax - 21,213

Deferred
tax
£   
Balance at 1 April 2023 21,213
Provided during period (21,213 )
Profit and loss
Balance at 30 June 2024 -