Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-31302023-02-01falseEmployee services46falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 06804008 2023-02-01 2024-01-31 06804008 2022-02-01 2023-01-31 06804008 2024-01-31 06804008 2023-01-31 06804008 c:Director1 2023-02-01 2024-01-31 06804008 d:Buildings 2023-02-01 2024-01-31 06804008 d:PlantMachinery 2023-02-01 2024-01-31 06804008 d:MotorVehicles 2023-02-01 2024-01-31 06804008 d:MotorVehicles 2024-01-31 06804008 d:MotorVehicles 2023-01-31 06804008 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 06804008 d:FurnitureFittings 2023-02-01 2024-01-31 06804008 d:FurnitureFittings 2024-01-31 06804008 d:FurnitureFittings 2023-01-31 06804008 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 06804008 d:OfficeEquipment 2023-02-01 2024-01-31 06804008 d:OfficeEquipment 2024-01-31 06804008 d:OfficeEquipment 2023-01-31 06804008 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 06804008 d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 06804008 d:CurrentFinancialInstruments 2024-01-31 06804008 d:CurrentFinancialInstruments 2023-01-31 06804008 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 06804008 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 06804008 d:ShareCapital 2024-01-31 06804008 d:ShareCapital 2023-01-31 06804008 d:RetainedEarningsAccumulatedLosses 2023-02-01 2024-01-31 06804008 d:RetainedEarningsAccumulatedLosses 2024-01-31 06804008 d:RetainedEarningsAccumulatedLosses 2023-01-31 06804008 c:OrdinaryShareClass1 2023-02-01 2024-01-31 06804008 c:OrdinaryShareClass1 2024-01-31 06804008 c:OrdinaryShareClass1 2023-01-31 06804008 c:FRS102 2023-02-01 2024-01-31 06804008 c:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 06804008 c:FullAccounts 2023-02-01 2024-01-31 06804008 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 06804008 2 2023-02-01 2024-01-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 06804008









LDY SERVICES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JANUARY 2024

 
LDY SERVICES LIMITED
REGISTERED NUMBER: 06804008

BALANCE SHEET
AS AT 31 JANUARY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
4,155
2,071

Current assets
  

Debtors: amounts falling due within one year
 5 
458,322
192,311

Cash at bank and in hand
 6 
179,100
472,608

  
637,422
664,919

Creditors: amounts falling due within one year
 7 
(448,665)
(483,419)

Net current assets
  
 
 
188,757
 
 
181,500

Net assets
  
192,912
183,571


Capital and reserves
  

Called up share capital 
 8 
100
100

Profit and loss account
 9 
192,812
183,471

  
192,912
183,571


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 23 October 2024.




D P Gutierrez
Director

The notes on pages 2 to 6 form part of these financial statements.

Page 1

 
LDY SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.


General information

LDY Services Limited ("the Company") is a company limited by shares, incorporated in England and Wales. Its registered office is Leytonstone House, Leytonstone, London, E11 1GA.
The Company's principal activity during the year under review was that of cleaning and maintenance services.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

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 probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of Income and Retained Earnings in the same period as the related expenditure.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 2

 
LDY SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Freehold property
-
2%
straight line
Plant and machinery
-
25%
straight line
Motor vehicles
-
25%
straight line
Fixtures and fittings
-
25%
straight line
Office equipment
-
25%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the  Statement of Income and Retained Earnings.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

  
2.8

Financial instruments

The Company only enters into basic financial instruments 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 non-puttable ordinary shares.
Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.

Page 3

 
LDY SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.9

Interest income

Interest income is recognised in the Statement of Income and Retained Earnings using the effective interest method.

 
2.10

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in  the Statement of Income and Retained Earnings when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.11

Taxation

Tax is recognised in  the Statement of Income and Retained Earnings except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.12

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 30 (2023 - 46).

Page 4

 
LDY SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

4.


Tangible fixed assets





Motor vehicles
Fixtures and fittings
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 February 2023
19,608
12,406
3,072
35,086


Additions
-
-
3,514
3,514


Disposals
-
(12,406)
-
(12,406)



At 31 January 2024

19,608
-
6,586
26,194



Depreciation


At 1 February 2023
19,608
12,382
1,025
33,015


Charge for the year on owned assets
-
24
1,406
1,430


Disposals
-
(12,406)
-
(12,406)



At 31 January 2024

19,608
-
2,431
22,039



Net book value



At 31 January 2024
-
-
4,155
4,155



At 31 January 2023
-
24
2,047
2,071


5.


Debtors

2024
2023
£
£

Trade debtors
220,678
123,286

Other debtors
72,119
69,025

Prepayments and accrued income
165,525
-

458,322
192,311



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
179,100
472,608


Page 5

 
LDY SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
30,729
13,676

Amounts owed to group undertakings
171,928
195,628

Other taxation and social security
94,697
76,595

Other creditors
151,311
197,520

448,665
483,419



8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1.00 each
100
100



9.


Reserves

Profit and loss account

The profit and loss account represents accumulated profits and losses of the company since incorporation less dividends paid.


10.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £18,488 (2023 - £20,979). Contributions totalling £3,962 (2023 - £3,257) were payable to the fund at the balance sheet date.


11.


Related party transactions

At the year end, included within the balance sheet is an amount due to the company's parent undertaking of £171,928 (2023 - £195,628)


12.


Controlling party

The company's immediate parent undertaking is LDY Holdings Limited, a company under the control of the director D P Gutierrez.

 
Page 6