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REGISTERED NUMBER: 01527360 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

LODESTAR CLEANING CONTRACTS LIMITED

LODESTAR CLEANING CONTRACTS LIMITED (REGISTERED NUMBER: 01527360)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Accountants' Report 8

LODESTAR CLEANING CONTRACTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTOR: S R Lyward





REGISTERED OFFICE: 28 Wilton Road
Bexhill-on-Sea
East Sussex
TN40 1EZ





REGISTERED NUMBER: 01527360 (England and Wales)





ACCOUNTANTS: Ashdown Hurrey
Chartered Accountants & Business Advisers
28 Wilton Road
Bexhill on Sea
East Sussex
TN40 1EZ

LODESTAR CLEANING CONTRACTS LIMITED (REGISTERED NUMBER: 01527360)

BALANCE SHEET
31 OCTOBER 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 22,478 22,192
22,478 22,192

CURRENT ASSETS
Stocks 11,174 19,014
Debtors 6 356,654 381,854
Cash at bank 70,606 90,322
438,434 491,190
CREDITORS
Amounts falling due within one year 7 378,657 341,710
NET CURRENT ASSETS 59,777 149,480
TOTAL ASSETS LESS CURRENT
LIABILITIES

82,255

171,672

CREDITORS
Amounts falling due after more than one
year

8

69,915

136,184
NET ASSETS 12,340 35,488

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 12,240 35,388
SHAREHOLDERS' FUNDS 12,340 35,488

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

LODESTAR CLEANING CONTRACTS LIMITED (REGISTERED NUMBER: 01527360)

BALANCE SHEET - continued
31 OCTOBER 2023


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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 October 2024 and were signed by:





S R Lyward - Director


LODESTAR CLEANING CONTRACTS LIMITED (REGISTERED NUMBER: 01527360)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1. STATUTORY INFORMATION

Lodestar Cleaning Contracts Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

In preparing the financial statements, the director is required to make an assessment of the ability of the company to continue as a going concern. The director has considered all available evidence for the company which covers the 12 month period from the date of signing these financial statements.

On the basis of this consideration, the director is satisfied that the company has adequate resources to continue in operational existence and to meet its liabilities as they fall due for the foreseeable future. In reaching this conclusion he considers that no material uncertainty exists. As a result, the director has concluded that it remains appropriate to adopt a going concern basis of preparation in these financial statements.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax, except in respect of service contracts when turnover is recognised when the company receives the right to consideration.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, has been fully amortised.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

LODESTAR CLEANING CONTRACTS LIMITED (REGISTERED NUMBER: 01527360)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 148 (2022 - 148 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2022
and 31 October 2023 3,000
AMORTISATION
At 1 November 2022
and 31 October 2023 3,000
NET BOOK VALUE
At 31 October 2023 -
At 31 October 2022 -

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 November 2022 1,286 46,495 - 47,781
Additions 4,512 - 397 4,909
At 31 October 2023 5,798 46,495 397 52,690
DEPRECIATION
At 1 November 2022 186 25,403 - 25,589
Charge for year 393 4,219 11 4,623
At 31 October 2023 579 29,622 11 30,212
NET BOOK VALUE
At 31 October 2023 5,219 16,873 386 22,478
At 31 October 2022 1,100 21,092 - 22,192

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 November 2022
and 31 October 2023 46,495
DEPRECIATION
At 1 November 2022 25,403
Charge for year 4,219
At 31 October 2023 29,622
NET BOOK VALUE
At 31 October 2023 16,873
At 31 October 2022 21,092

LODESTAR CLEANING CONTRACTS LIMITED (REGISTERED NUMBER: 01527360)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

6. DEBTORS
31.10.23 31.10.22
£    £   
Amounts falling due within one year:
Trade debtors 60,436 96,832
Directors' loan accounts 230,426 222,378
290,862 319,210

Amounts falling due after more than one year:
Other debtors 65,792 62,644

Aggregate amounts 356,654 381,854

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts 64,773 64,717
Other loans 31,554 31,025
Hire purchase contracts 9,715 9,593
Trade creditors 48,433 34,444
Tax 20,959 28,468
Social security and other taxes 9,888 1,337
Pension 3,920 7,164
VAT 81,888 78,832
Other creditors 103,704 84,230
Accrued expenses 3,823 1,900
378,657 341,710

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans - 1-2 years 25,000 25,000
Bank loans - 2-5 years 43,750 68,750
Other loans - 1-2 years - 31,554
Hire purchase contracts 1,165 10,880
69,915 136,184

9. SECURED DEBTS

There are fixed and floating charges and an all asset debenture over the assets of the company.

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2023 and 31 October 2022:

31.10.23 31.10.22
£    £   
S R Lyward
Balance outstanding at start of year 222,378 204,114
Amounts advanced 8,048 52,429
Amounts repaid - (34,165 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 230,426 222,378

LODESTAR CLEANING CONTRACTS LIMITED (REGISTERED NUMBER: 01527360)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES - continued

At the start of the year, a director owed the company £222,378. Interest has been charged at the official rate of 2% based on the average balance outstanding totalling £4,483, At the end of the year the director owed the company £230,426 which is repayable on demand. Amounts have been aggregated where considered appropriate and there were no material transactions.

ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
LODESTAR CLEANING CONTRACTS LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Lodestar Cleaning Contracts Limited for the year ended 31 October 2023 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Lodestar Cleaning Contracts Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Lodestar Cleaning Contracts Limited and state those matters that we have agreed to state to the director of Lodestar Cleaning Contracts Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Lodestar Cleaning Contracts Limited and its director for our work or for this report.

It is your duty to ensure that Lodestar Cleaning Contracts Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Lodestar Cleaning Contracts Limited. You consider that Lodestar Cleaning Contracts Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Lodestar Cleaning Contracts Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Ashdown Hurrey
Chartered Accountants & Business Advisers
28 Wilton Road
Bexhill on Sea
East Sussex
TN40 1EZ


31 October 2024