1 January 2023 false No description of principal activity Taxfiler 2024.5 13802082business:PrivateLimitedCompanyLtd2023-01-012024-01-31 138020822022-12-31 138020822023-01-012024-01-31 13802082business:AuditExemptWithAccountantsReport2023-01-012024-01-31 13802082business:FilletedAccounts2023-01-012024-01-31 138020822024-01-31 13802082business:Director12023-01-012024-01-31 13802082business:Director22023-01-012024-01-31 13802082business:RegisteredOffice2023-01-012024-01-31 138020822022-12-31 13802082core:WithinOneYear2024-01-31 13802082core:WithinOneYear2022-12-31 13802082core:ShareCapitalcore:PreviouslyStatedAmount2024-01-31 13802082core:ShareCapitalcore:PreviouslyStatedAmount2022-12-31 13802082core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-01-31 13802082core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-12-31 13802082core:PreviouslyStatedAmount2024-01-31 13802082core:PreviouslyStatedAmount2022-12-31 13802082business:SmallEntities2023-01-012024-01-31 13802082countries:EnglandWales2023-01-012024-01-31 13802082core:PlantMachinery2023-01-012024-01-31 13802082core:PlantMachinery2022-12-31 13802082core:PlantMachinery2024-01-31 138020822021-12-152022-12-31 iso4217:GBP xbrli:pure
Company Registration No. 13802082 (England and Wales)
LV INSTALLATIONS LTD Unaudited accounts for the period from 1 January 2023 to 31 January 2024
LV INSTALLATIONS LTD Unaudited accounts Contents
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LV INSTALLATIONS LTD Company Information for the period from 1 January 2023 to 31 January 2024
Directors
Donald Clarke Samuel Clarke
Company Number
13802082 (England and Wales)
Registered Office
16 Church Street Ammanford Carmarthenshire SA18 2NR WALES
Accountants
DCP Accountancy Limited 45 Dol Y Dderwen Bonllwyn Ammanford Carmarthenshire SA18 2GE
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LV INSTALLATIONS LTD Statement of financial position as at 31 January 2024
2024 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
5,441 
4,976 
Current assets
Inventories
1,648 
650 
Debtors
25,505 
- 
Cash at bank and in hand
- 
15,959 
27,153 
16,609 
Creditors: amounts falling due within one year
(32,822)
(23,715)
Net current liabilities
(5,669)
(7,106)
Net liabilities
(228)
(2,130)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(328)
(2,230)
Shareholders' funds
(228)
(2,130)
For the period 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 31 October 2024 and were signed on its behalf by
Donald Clarke Director Company Registration No. 13802082
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LV INSTALLATIONS LTD Notes to the Accounts for the period from 1 January 2023 to 31 January 2024
1
Statutory information
LV INSTALLATIONS LTD is a private company, limited by shares, registered in England and Wales, registration number 13802082. The registered office is 16 Church Street, Ammanford, Carmarthenshire, SA18 2NR, WALES.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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LV INSTALLATIONS LTD Notes to the Accounts for the period from 1 January 2023 to 31 January 2024
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 January 2023
6,220 
Additions
1,825 
At 31 January 2024
8,045 
Depreciation
At 1 January 2023
1,244 
Charge for the period
1,360 
At 31 January 2024
2,604 
Net book value
At 31 January 2024
5,441 
At 31 December 2022
4,976 
5
Debtors
2024 
2022 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
25,505 
- 
6
Creditors: amounts falling due within one year
2024 
2022 
£ 
£ 
VAT
4,580 
3,353 
Trade creditors
866 
600 
Loans from directors
27,376 
19,762 
32,822 
23,715 
7
Average number of employees
During the period the average number of employees was 2 (2022: 2).
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