Lyndhurst Cooling & Heating Services Limited 05530913 false 2023-09-01 2024-08-31 2024-08-31 The principal activity of the company is the provision of cooling and heating services Digita Accounts Production Advanced 6.30.9574.0 true 05530913 2023-09-01 2024-08-31 05530913 2024-08-31 05530913 bus:OrdinaryShareClass1 2024-08-31 05530913 bus:OrdinaryShareClass2 2024-08-31 05530913 bus:OrdinaryShareClass3 2024-08-31 05530913 core:RetainedEarningsAccumulatedLosses 2024-08-31 05530913 core:ShareCapital 2024-08-31 05530913 core:CurrentFinancialInstruments 2024-08-31 05530913 core:CurrentFinancialInstruments core:WithinOneYear 2024-08-31 05530913 core:FurnitureFittings 2024-08-31 05530913 core:LandBuildings core:OwnedOrFreeholdAssets 2024-08-31 05530913 core:MotorVehicles 2024-08-31 05530913 core:OfficeEquipment 2024-08-31 05530913 core:PlantMachinery 2024-08-31 05530913 bus:SmallEntities 2023-09-01 2024-08-31 05530913 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 05530913 bus:FilletedAccounts 2023-09-01 2024-08-31 05530913 bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 05530913 bus:Director1 2023-09-01 2024-08-31 05530913 bus:OrdinaryShareClass1 2023-09-01 2024-08-31 05530913 bus:OrdinaryShareClass2 2023-09-01 2024-08-31 05530913 bus:OrdinaryShareClass3 2023-09-01 2024-08-31 05530913 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 05530913 core:ComputerEquipment 2023-09-01 2024-08-31 05530913 core:FurnitureFittings 2023-09-01 2024-08-31 05530913 core:FurnitureFittingsToolsEquipment 2023-09-01 2024-08-31 05530913 core:Land 2023-09-01 2024-08-31 05530913 core:LandBuildings core:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 05530913 core:MotorVehicles 2023-09-01 2024-08-31 05530913 core:OfficeEquipment 2023-09-01 2024-08-31 05530913 core:PlantMachinery 2023-09-01 2024-08-31 05530913 countries:AllCountries 2023-09-01 2024-08-31 05530913 2023-08-31 05530913 core:FurnitureFittings 2023-08-31 05530913 core:LandBuildings core:OwnedOrFreeholdAssets 2023-08-31 05530913 core:MotorVehicles 2023-08-31 05530913 core:OfficeEquipment 2023-08-31 05530913 core:PlantMachinery 2023-08-31 05530913 2022-09-01 2023-08-31 05530913 2023-08-31 05530913 bus:OrdinaryShareClass1 2023-08-31 05530913 bus:OrdinaryShareClass2 2023-08-31 05530913 bus:OrdinaryShareClass3 2023-08-31 05530913 core:RetainedEarningsAccumulatedLosses 2023-08-31 05530913 core:ShareCapital 2023-08-31 05530913 core:CurrentFinancialInstruments 2023-08-31 05530913 core:CurrentFinancialInstruments core:WithinOneYear 2023-08-31 05530913 core:FurnitureFittings 2023-08-31 05530913 core:LandBuildings core:OwnedOrFreeholdAssets 2023-08-31 05530913 core:MotorVehicles 2023-08-31 05530913 core:OfficeEquipment 2023-08-31 05530913 core:PlantMachinery 2023-08-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 05530913

Lyndhurst Cooling & Heating Services Limited

Unaudited Financial Statements

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
£

Fixed assets

 

Tangible assets

3

155,386

429,612

Current assets

 

Stocks

2,209

2,209

Debtors

4

767,940

683,589

Cash at bank and in hand

 

495,406

306,739

 

1,265,555

992,537

Creditors: Amounts falling due within one year

5

(458,329)

(339,626)

Net current assets

 

807,226

652,911

Total assets less current liabilities

 

962,612

1,082,523

Provisions for liabilities

(26,091)

(36,507)

Net assets

 

936,521

1,046,016

Capital and reserves

 

Called up share capital

6

100

100

Retained earnings

936,421

1,045,916

Shareholders' funds

 

936,521

1,046,016

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:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

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.

These financial statements, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A Small Entities, were approved and authorised for issue by the Board on 17 October 2024 and signed on its behalf by:
 

.........................................

Mr R L Oliver

Director

 

Lyndhurst Cooling & Heating Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

1

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

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the statement of comprehensive income.

2

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 13 (2023 - 13).

 

Lyndhurst Cooling & Heating Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024 (continued)

3

Tangible assets

Freehold land
£

Fixtures and fittings
£

Plant and machinery
£

Computer equipment
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 September 2023

299,087

10,195

2,850

10,599

235,592

558,323

Disposals

(246,735)

-

-

-

-

(246,735)

Revaluations

(2,352)

-

-

-

-

(2,352)

Additions

-

1,232

-

-

-

1,232

At 31 August 2024

50,000

11,427

2,850

10,599

235,592

310,468

Depreciation

At 1 September 2023

3,888

3,431

1,687

4,890

114,815

128,711

Charge for the year

-

1,061

175

2,689

26,334

30,259

Eliminated on disposal

(3,888)

-

-

-

-

(3,888)

At 31 August 2024

-

4,492

1,862

7,579

141,149

155,082

Carrying amount

At 31 August 2024

50,000

6,935

988

3,020

94,443

155,386

At 31 August 2023

295,199

6,764

1,163

5,709

120,777

429,612

 

Lyndhurst Cooling & Heating Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024 (continued)

4

Debtors

2024
£

2023
£

Trade debtors

431,081

354,419

Amounts owed by parent undertaking

305,307

301,807

Prepayments

31,136

27,363

Other debtors

416

-

 

767,940

683,589

5

Creditors

2024
£

2023
£

Due within one year

Trade creditors

152,066

95,411

Taxation and social security

252,261

219,893

Accruals and deferred income

51,356

23,890

Other creditors

2,646

432

458,329

339,626

6

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary A shares of £1 each

51

51

51

51

Ordinary B shares of £1 each

48

48

48

48

Ordinary C shares of £1 each

1

1

1

1

100

100

100

100

7

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 £134,201 (2023 - £148,497).