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Reports Dated : 25/10/2024 Registered Number: 13546487
England and Wales

 

 

 

LASHI CONTRACTORS LTD


Report of the Directors and Unaudited Financial Statements
 


Period of accounts

Start date: 01 September 2023

End date: 31 August 2024
Directors Zaim Lashi
Nebi Lashi
Registered Number 13546487
Registered Office Unit A1, Seedbed Centre
Davidson Way
Hornchurch
Essex
RM7 0AZ
1
Director's report and financial statements
The directors present their annual report and the financial statements for the year ended 31 August 2024. 
Principal activities
Principal activity of the company during the financial year was of construction activities
Directors
The directors who served the company throughout the year were as follows:
Zaim Lashi
Nebi Lashi
Statement of directors' responsibilities
The directors are responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.
In preparing these financial statements, the directors are required to :
  • select suitable accounting policies and then apply them consistently
  • make judgements and accounting estimates that are reasonable and prudent
  • state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The directors are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions

This report was approved by the board and signed on its behalf by:


----------------------------------
Zaim Lashi
Director

Date approved: 25 October 2024
2
 
 
Notes
 
2024
£
  2023
£
Turnover 1,275,675    1,098,382 
Cost of sales (1,044,118)   (1,123,412)
Gross profit/loss 231,557    (25,030)
Selling and distribution costs   (10,132)
Administrative expenses (234,771)   (357,877)
Operating loss 2 (3,214)   (393,039)
Other interest receivable and similar income 4 50    66 
Interest payable and similar charges 5 (28,952)   1,340 
Profit/(Loss) on ordinary activities before taxation (32,116)   (391,633)
Tax on profit on ordinary activities  
Profit/(Loss) for the financial year (32,116)   (391,633)
 
3
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 6 82,321    153,949 
82,321    153,949 
Current assets      
Debtors 7 89,864    182,998 
Cash at bank and in hand 16,121    4,406 
105,985    187,404 
Creditors: amount falling due within one year 8 (345,215)   (398,200)
Net current assets (239,230)   (210,796)
 
Total assets less current liabilities (156,909)   (56,847)
Creditors: amount falling due after more than one year 9 (95,315)   (114,292)
Provisions for liabilities 10 882    (389)
Net assets (251,342)   (171,528)
 

Capital and reserves
     
Profit and loss account 11 (251,342)   (171,528)
Shareholders' funds (251,342)   (171,528)
 


For the year ended 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors on 25 October 2024 and were signed on its behalf by:


-------------------------------
Zaim Lashi
Director
4
General Information
Lashi Contractors Ltd is a private company, limited by shares, registered in England and Wales, registration number 13546487, registration address Unit A1, Seedbed Centre, Davidson Way, Hornchurch, Essex, RM7 0AZ.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Assets on finance lease and hire purchase
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Operating profit/(loss)

2024
£
  2023
£
The operating loss is stated after charging:

 
Depreciation of tangible fixed assets 21,692    24,789 

3.

Average number of employees

During the Financial Year, the average number of employees was 6
Average number of employees during the year was 3 (2023 : 0).
4.

Other interest receivable and similar income

2024
£
  2023
£
Interest Receivable and Other Income 50    66 
50    66 

5.

Interest payable and similar charges

2024
£
  2023
£
Bank & Other Loan Interest 28,952    (1,340)
28,952    (1,340)

6.

Tangible fixed assets

Cost or valuation Motor Vehicles   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £
At 01 September 2023     14,879    14,879 
Additions 100,775    1,487      102,262 
Disposals      
At 31 August 2024 100,775    1,487    14,879    117,141 
Depreciation
At 01 September 2023      
Charge for year 28,541      6,279    34,820 
On disposals      
At 31 August 2024 28,541      6,279    34,820 
Net book values
Closing balance as at 31 August 2024 72,234    1,487    8,600    82,321 
Opening balance as at 01 September 2023 142,985      10,964    153,949 


7.

Debtors: amounts falling due within one year

2024
£
  2023
£
Trade Debtors 21,396    31,185 
Deposits paid 2,883    2,694 
Other Debtors 37,896    128,896 
Corporation Tax 138    138 
CIS Control Account 16,476   
VAT 11,075    20,085 
89,864    182,998 

8.

Creditors: amount falling due within one year

2024
£
  2023
£
Trade Creditors 150,430    197,585 
Bank Loans & Overdrafts 8,994    835 
PAYE & Social Security 156,321    175,683 
CIS Control Account   12,670 
Other Creditors 2    (1)
Wages & Salaries Control Account 28,968    11,428 
Directors' Current Accounts 500   
345,215    398,200 

9.

Creditors: amount falling due after more than one year

2024
£
  2023
£
Bank Loans & Overdrafts 95,315    114,292 
95,315    114,292 

10.

Provisions for liabilities

2024
£
  2023
£
Pension Provisions (882)   389 
(882)   389 

11.

Profit and loss account

  2024
£
Balance at 01 September 2023 (219,226)
Loss for the year (32,116)
Balance at 31 August 2024 (251,342)

5
  2024
£
  2023
£
Turnover          
Sales   1,275,675      1,096,488 
Other Income       1,894 
  1,275,675      1,098,382 
Cost of sales          
Depreciation Charge: Motor Vehicles 21,692      24,789 
Other Direct Costs 1,022,426      1,098,623 
  (1,044,118)     (1,123,412)
Gross Profit/Loss   231,557      (25,030)
Selling and distribution costs          
Vehicle Leasing Charges     10,132 
      (10,132)
Administrative expenses          
Wages & Salaries 124,430      170,852 
Pension Contributions 1,721      1,882 
Staff Training     748 
Legal and Professional Fees (Allowable) 17,350      37,867 
Rates & Water 10,068     
Rent 18,798      10,859 
Motor Licenses and Insurances 30,522      10,209 
Motor Repairs and Servicing 4,157      9,816 
General Travel Expenses 319      3,318 
Bad Debts Written Off (Specific)     82,750 
Bank Charges 1,317     
Advertising     49 
General Insurance 8,922      10,811 
Computer Expenses 133     
Repairs & Renewals 694      3,351 
Stationery & Postage 414      3,169 
Telephone, Fax & Internet 2,204      1,760 
Sundry Expenses 8,449      1,320 
Donations     5,000 
Memberships & Subscriptions 5,273      4,116 
  (234,771)     (357,877)
Operating loss   (3,214)     (393,039)
Other interest receivable and similar income          
Interest Receivable and Other Income 50      66 
  50      66 
Interest payable and similar charges          
Bank & Other Loan Interest 28,952      (1,340)
  (28,952)     1,340 
Profit/(Loss) on ordinary activities before taxation   (32,116)     (391,633)
Profit/(Loss) for the financial year   (32,116)     (391,633)
 
6