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Registered number: 08839222
LDS Mechanical Services Limited
Financial Statements
For The Year Ended 31 January 2024
Oakensen (Bristol)
Chartered Accountants
Westbury Court Church Road
Westbury-on-Trym
Bristol
BS9 3EF
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08839222
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 278,215 307,955
278,215 307,955
CURRENT ASSETS
Debtors 5 189,484 166,649
Cash at bank and in hand 106,766 104,285
296,250 270,934
Creditors: Amounts Falling Due Within One Year 6 (264,907 ) (323,219 )
NET CURRENT ASSETS (LIABILITIES) 31,343 (52,285 )
TOTAL ASSETS LESS CURRENT LIABILITIES 309,558 255,670
Creditors: Amounts Falling Due After More Than One Year 7 (223,739 ) (252,361 )
NET ASSETS 85,819 3,309
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account 85,817 3,307
SHAREHOLDERS' FUNDS 85,819 3,309
Page 1
Page 2
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr D F Sampson
Director
30 October 2024
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
LDS Mechanical Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08839222 . The registered office is Rosemead, Staunton Lane, Bristol, BS14 0QL.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold Land and building at 4% straight line method
Motor Vehicles 20% straight line method.
Fixtures & Fittings 20% straight line method.
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
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2.5. Taxation
Income tax expense represents the sum of the tax currently payable.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Current tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 2)
4 2
4. Tangible Assets
Land & Property
Freehold Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 February 2023 302,407 88,223 10,992 401,622
As at 31 January 2024 302,407 88,223 10,992 401,622
Depreciation
As at 1 February 2023 12,096 70,580 10,991 93,667
Provided during the period 12,096 17,643 1 29,740
As at 31 January 2024 24,192 88,223 10,992 123,407
Net Book Value
As at 31 January 2024 278,215 - - 278,215
As at 1 February 2023 290,311 17,643 1 307,955
5. Debtors
2024 2023
£ £
Due within one year
Amounts recoverable on contracts 168,650 108,378
Other debtors 18,150 26,382
Corporation tax recoverable assets 2,684 10,054
189,484 144,814
...CONTINUED
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Due after more than one year
Other debtors - 21,835
189,484 166,649
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 7,975 7,975
Bank loans and overdrafts 36,099 16,055
Other taxes and social security 217,070 295,949
Accruals and deferred income 3,763 3,240
264,907 323,219
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 11,019 36,325
Bank loans 183,316 212,660
Other creditors 29,404 3,376
223,739 252,361
8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 7,975 7,975
Later than one year and not later than five years 11,019 36,325
18,994 44,300
18,994 44,300
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
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