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REGISTERED NUMBER: 13929451 (England and Wales)















Financial Statements for the Year Ended 31 December 2023

for

Lando (Design and Build) Limited

Lando (Design and Build) Limited (Registered number: 13929451)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Lando (Design and Build) Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: M A M Ahmed
M Gioiella
G A Green





SECRETARY:





REGISTERED OFFICE: Belle House, 1 Hudsons Place
Unit 2, Platform 1
Victoria Mainline Station
London
SW1V 1JT





REGISTERED NUMBER: 13929451 (England and Wales)





AUDITORS: Moore
Chartered Accountants and Statutory Auditor
30 Gay Street
Bath
BA1 2PA

Lando (Design and Build) Limited (Registered number: 13929451)

Balance Sheet
31 December 2023

31.12.23 31.12.22
as restated
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,032 8,706

CURRENT ASSETS
Debtors 5 1,430,948 618,774
Cash at bank 3,647 104,128
1,434,595 722,902
CREDITORS
Amounts falling due within one year 6 1,009,357 405,102
NET CURRENT ASSETS 425,238 317,800
TOTAL ASSETS LESS CURRENT
LIABILITIES

436,270

326,506

CAPITAL AND RESERVES
Called up share capital 1 1
Capital redemption reserve 913,702 608,367
Retained earnings (477,433 ) (281,862 )
436,270 326,506

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 16 October 2024 and were signed on its behalf by:





G A Green - Director


Lando (Design and Build) Limited (Registered number: 13929451)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Lando (Design and Build) Limited 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.

Going concern
The directors are confident that the company will have sufficient funds to continue to meet its liabilities as they fall due for at least 12 months from the date of approval of the financial statements due to the improved trading results of the business post year end and a strong pipeline of projects which includes new opportunities from existing clients.

Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of Services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

- the amount of revenue can be measured reliably;
- it is probably that the Company will receive the consideration due under the contract;
- the stage of completion of the contract at the reporting date can be measured reliably; and
- the costs incurred and the costs to complete the contract can be measured reliably

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - Straight line over 3 years

Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


Lando (Design and Build) Limited (Registered number: 13929451)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued
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.

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 year was 9 (2022 - 7 ) .

Lando (Design and Build) Limited (Registered number: 13929451)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 January 2023 10,576
Additions 6,838
At 31 December 2023 17,414
DEPRECIATION
At 1 January 2023 1,870
Charge for year 4,512
At 31 December 2023 6,382
NET BOOK VALUE
At 31 December 2023 11,032
At 31 December 2022 8,706

5. DEBTORS
31.12.23 31.12.22
as restated
£    £   
Amounts falling due within one year:
Trade debtors 559,865 249,020
Other debtors 18,065 13,148
Supplier provisions 19,764 -
Tax - 37,201
Prepayments 434,729 222,477
1,032,423 521,846

Amounts falling due after more than one year:
Amounts recoverable on contract 398,525 96,928

Aggregate amounts 1,430,948 618,774

Lando (Design and Build) Limited (Registered number: 13929451)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
as restated
£    £   
Trade creditors 549,088 192,244
Social security and other taxes 123,135 42,414
Other creditors 114,672 70,027
Accrued expenses 222,462 100,417
1,009,357 405,102

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.23 31.12.22
as restated
£    £   
Within one year 89,053 60,967
Between one and five years 104,649 60,137
193,702 121,104

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mark Powell (Senior Statutory Auditor)
for and on behalf of Moore

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

£1,997 was owed from a company director at 31 December 2022. This was repaid in February 2023.

10. RELATED PARTY DISCLOSURES

At the year end, £329 (2022 : £329) was owed to another entity over which the parent had a significant influence.

At the year end, £29,679 (2022 : £Nil) was owed to another entity over which the parent had a significant influence.

At the year end, a sum totalling £Nil (2022 : £1,997) was owed to the company by a person of significant influence. It was repaid in February 2023.