Registration number:
Lyndhurst Cooling & Heating Services Limited
for the Year Ended 31 August 2024
Lyndhurst Cooling & Heating Services Limited
(Registration number: 05530913)
Balance Sheet as at 31 August 2024
Note |
2024 |
2023 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Total assets less current liabilities |
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Provisions for liabilities |
( |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Retained earnings |
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Shareholders' funds |
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For the financial year ending 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:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Directors' Report and the Profit and Loss Account has been taken.
.........................................
Mr R L Oliver
Director
Lyndhurst Cooling & Heating Services Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024
Accounting policies |
Statutory information
Lyndhurst Cooling & Heating Services Limited is a private company, limited by shares, domiciled in England and Wales, company number 05530913. The registered office is at Unit 2 Century Business Park East, Dearne Lane, Manvers, Rotherham, S63 5DP.
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value. The presentation currency is United Kingdom pounds sterling, which is the functional currency of the company. The financial statements are those of an individual entity.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts. Turnover is recognised at the point of service delivery or the sale of goods.
Government grants
Government grants in respect of capital expenditure are credited to a deferred income account and are released to profit over the expected useful lives of the relevant assets.
Tax
The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.
Lyndhurst Cooling & Heating Services Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024 (continued)
1 |
Accounting policies (continued) |
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Freehold land |
not depreciated |
Plant and machinery |
15% reducing balance |
Fixtures and fittings |
15% reducing balance |
Motor vehicles |
25% reducing balance |
Computer equipment |
33% straight line |
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell after due regard for obsolete and slow moving stock. Cost is determined using the first-in, first-out (FIFO) method.
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
Financial instruments
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Lyndhurst Cooling & Heating Services Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024 (continued)
Tangible assets |
Freehold land |
Fixtures and fittings |
Plant and machinery |
Computer equipment |
Motor vehicles |
Total |
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Cost or valuation |
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At 1 September 2023 |
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Disposals |
( |
- |
- |
- |
- |
( |
Revaluations |
( |
- |
- |
- |
- |
( |
Additions |
- |
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- |
- |
- |
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At 31 August 2024 |
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Depreciation |
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At 1 September 2023 |
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Charge for the year |
- |
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Eliminated on disposal |
( |
- |
- |
- |
- |
( |
At 31 August 2024 |
- |
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Carrying amount |
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At 31 August 2024 |
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At 31 August 2023 |
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Lyndhurst Cooling & Heating Services Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024 (continued)
Debtors |
2024 |
2023 |
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Trade debtors |
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Amounts owed by parent undertaking |
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Prepayments |
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Other debtors |
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- |
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Creditors |
2024 |
2023 |
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Due within one year |
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Trade creditors |
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Taxation and social security |
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Accruals and deferred income |
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Other creditors |
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Share capital |
Allotted, called up and fully paid shares
2024 |
2023 |
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No. |
£ |
No. |
£ |
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51 |
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51 |
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48 |
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48 |
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1 |
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1 |
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Financial commitments, guarantees and contingencies |
Operating leases
At the balance sheet date, the company had total commitments under non-cancellable operating leases over the remaining term of those leases of £