Lloyds Property Services Limited 07486582 false 2023-02-01 2024-01-31 2024-01-31 The principal activity of the company is providing property maintenance services. Digita Accounts Production Advanced 6.30.9574.0 true 07486582 2023-02-01 2024-01-31 07486582 2024-01-31 07486582 core:RetainedEarningsAccumulatedLosses 2024-01-31 07486582 core:ShareCapital 2024-01-31 07486582 core:CurrentFinancialInstruments 2024-01-31 07486582 core:CurrentFinancialInstruments core:WithinOneYear 2024-01-31 07486582 core:Non-currentFinancialInstruments 2024-01-31 07486582 core:Non-currentFinancialInstruments core:AfterOneYear 2024-01-31 07486582 core:FurnitureFittingsToolsEquipment 2024-01-31 07486582 core:LandBuildings 2024-01-31 07486582 core:MotorVehicles 2024-01-31 07486582 bus:SmallEntities 2023-02-01 2024-01-31 07486582 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 07486582 bus:FilletedAccounts 2023-02-01 2024-01-31 07486582 bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 07486582 bus:RegisteredOffice 2023-02-01 2024-01-31 07486582 bus:HighestPaidDirector 2023-02-01 2024-01-31 07486582 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 07486582 core:Buildings 2023-02-01 2024-01-31 07486582 core:FurnitureFittings 2023-02-01 2024-01-31 07486582 core:FurnitureFittingsToolsEquipment 2023-02-01 2024-01-31 07486582 core:LandBuildings 2023-02-01 2024-01-31 07486582 core:LeaseholdImprovements 2023-02-01 2024-01-31 07486582 core:MotorVehicles 2023-02-01 2024-01-31 07486582 countries:EnglandWales 2023-02-01 2024-01-31 07486582 2023-01-31 07486582 core:FurnitureFittingsToolsEquipment 2023-01-31 07486582 core:LandBuildings 2023-01-31 07486582 core:MotorVehicles 2023-01-31 07486582 2022-02-01 2023-01-31 07486582 2023-01-31 07486582 core:RetainedEarningsAccumulatedLosses 2023-01-31 07486582 core:ShareCapital 2023-01-31 07486582 core:CurrentFinancialInstruments 2023-01-31 07486582 core:CurrentFinancialInstruments core:WithinOneYear 2023-01-31 07486582 core:Non-currentFinancialInstruments 2023-01-31 07486582 core:Non-currentFinancialInstruments core:AfterOneYear 2023-01-31 07486582 core:FurnitureFittingsToolsEquipment 2023-01-31 07486582 core:LandBuildings 2023-01-31 07486582 core:MotorVehicles 2023-01-31 iso4217:GBP xbrli:pure

Registration number: 07486582

Lloyds Property Services Limited

Unaudited Financial Statements

for the Year Ended 31 January 2024

 

Lloyds Property Services Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 9

 

Lloyds Property Services Limited

Company Information

Director

C J Lloyd

Registered office

34 Boulevard
Weston-super-Mare
Somerset
BS23 1NF

Accountants

Four Fifty Partnership
Chartered Accountants
34 Boulevard
Weston-super-Mare
Somerset
BS23 1NF

 

Lloyds Property Services Limited

(Registration number: 07486582)
Balance Sheet as at 31 January 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

42,947

45,509

Current assets

 

Debtors

5

22,188

22,112

Cash at bank and in hand

 

73,234

86,317

 

95,422

108,429

Creditors: Amounts falling due within one year

6

(49,423)

(66,660)

Net current assets

 

45,999

41,769

Total assets less current liabilities

 

88,946

87,278

Creditors: Amounts falling due after more than one year

6

(20,849)

(31,109)

Provisions for liabilities

(6,297)

(6,592)

Net assets

 

61,800

49,577

Capital and reserves

 

Called up share capital

1

1

Retained earnings

61,799

49,576

Shareholders' funds

 

61,800

49,577

For the financial 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.

Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

 

Lloyds Property Services Limited

(Registration number: 07486582)
Balance Sheet as at 31 January 2024

These financial statements 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.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 31 October 2024
 

.........................................
C J Lloyd
Director

 

Lloyds Property Services Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

2

Accounting policies

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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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 presentational currency is pound sterling (£).

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.

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.

 

Lloyds Property Services Limited

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

2

Accounting policies (continued)

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

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, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office building

2% Straight line

Furniture, fittings and equipment

20% Reducing balance, 33% straight line

Motor vehicles

25% Reducing balance

Leasehold property

in accordance with the lease

 

Lloyds Property Services Limited

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

2

Accounting policies (continued)

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

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

Classification
Financial instruments are classified and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities.
 

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2023 - 2).

 

Lloyds Property Services Limited

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

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 February 2023

1,936

4,654

84,861

91,451

At 31 January 2024

1,936

4,654

84,861

91,451

Depreciation

At 1 February 2023

108

3,927

42,399

46,434

Charge for the year

10

146

1,914

2,070

At 31 January 2024

118

4,073

44,313

48,504

Carrying amount

At 31 January 2024

1,818

581

40,548

42,947

At 31 January 2023

2,319

727

42,463

45,509

 

Lloyds Property Services Limited

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

5

Debtors

Current

2024
£

2023
£

Trade debtors

17,770

17,815

Prepayments

4,143

4,297

Other debtors

275

-

 

22,188

22,112

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

7

30,996

35,627

Taxation and social security

 

14,583

23,047

Accruals and deferred income

 

3,662

7,668

Other creditors

 

182

318

 

49,423

66,660

Creditors: amounts falling due after more than one year

2024
£

2023
£

Due after one year

Bank borrowings

20,849

31,109

 

Lloyds Property Services Limited

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

7

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

20,849

31,109

Current loans and borrowings

2024
£

2023
£

Bank borrowings

9,979

9,729

Other borrowings

21,017

25,898

30,996

35,627