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REGISTERED NUMBER: 10206521 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

London Asbestos Surveys Ltd

London Asbestos Surveys Ltd (Registered number: 10206521)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


London Asbestos Surveys Ltd

Company Information
for the Year Ended 31 May 2024







DIRECTOR: Mrs K M Bullman





SECRETARY: Mrs K M Bullman





REGISTERED OFFICE: Broom House
39/43 London Road
Hadleigh, Benfleet
Essex
SS7 2QL





REGISTERED NUMBER: 10206521 (England and Wales)





ACCOUNTANTS: BPSL
Brooms Professional Services Limited
Chartered Certified Accountants
Broom House
39/43 London Road
Hadleigh, Benfleet
Essex
SS7 2QL

London Asbestos Surveys Ltd (Registered number: 10206521)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 47,261 4,258

CURRENT ASSETS
Stocks 25,000 39,600
Debtors 5 162,439 99,781
Cash at bank 1 10,935
187,440 150,316
CREDITORS
Amounts falling due within one year 6 156,436 143,871
NET CURRENT ASSETS 31,004 6,445
TOTAL ASSETS LESS CURRENT
LIABILITIES

78,265

10,703

CREDITORS
Amounts falling due after more than one
year

7

71,918

55,375
NET ASSETS/(LIABILITIES) 6,347 (44,672 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 6,346 (44,673 )
6,347 (44,672 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

London Asbestos Surveys Ltd (Registered number: 10206521)

Balance Sheet - continued
31 May 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 21 October 2024 and were signed by:





Mrs K M Bullman - Director


London Asbestos Surveys Ltd (Registered number: 10206521)

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

1. STATUTORY INFORMATION

London Asbestos Surveys 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.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 6 (2023 - 6 ) .

London Asbestos Surveys Ltd (Registered number: 10206521)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Equipment Totals
£    £    £    £    £   
COST
At 1 June 2023 2,690 9,481 17,700 3,292 33,163
Additions 2,348 992 51,234 1,919 56,493
Disposals - - (10,500 ) - (10,500 )
At 31 May 2024 5,038 10,473 58,434 5,211 79,156
DEPRECIATION
At 1 June 2023 2,130 9,263 14,820 2,692 28,905
Charge for year 610 253 11,687 940 13,490
Eliminated on disposal - - (10,500 ) - (10,500 )
At 31 May 2024 2,740 9,516 16,007 3,632 31,895
NET BOOK VALUE
At 31 May 2024 2,298 957 42,427 1,579 47,261
At 31 May 2023 560 218 2,880 600 4,258

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 143,655 90,668
Other debtors 18,784 -
Directors' current accounts - 9,113
162,439 99,781

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 24,970 12,481
Hire purchase contracts 11,694 1,476
Trade creditors 37,258 30,560
Tax 2,637 4,349
Social security and other taxes 30,416 34,442
VAT 34,507 50,591
Net wages 1,472 2,389
Pension fund 269 269
Other creditors 832 5,564
Directors' current accounts 381 -
Accrued expenses 12,000 1,750
156,436 143,871

London Asbestos Surveys Ltd (Registered number: 10206521)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 10,000 20,000
Other loans - 1-2 years 5,250 5,250
Other loans - 2-5 years 14,875 20,125
Hire purchase contracts 31,793 -
71,918 55,375