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REGISTERED NUMBER: 07751912 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

FOR

LONDON PRECAST SYSTEMS LIMITED

LONDON PRECAST SYSTEMS LIMITED (REGISTERED NUMBER: 07751912)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LONDON PRECAST SYSTEMS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTOR: Mr S Flynn





REGISTERED OFFICE: Riverside House
1-5 Como Street
Romford
Essex
RM7 7DN





REGISTERED NUMBER: 07751912 (England and Wales)

LONDON PRECAST SYSTEMS LIMITED (REGISTERED NUMBER: 07751912)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 64,489 52,766

CURRENT ASSETS
Stocks 18,489 19,339
Debtors 5 388,955 233,461
Cash at bank and in hand 128,568 37,747
536,012 290,547
CREDITORS
Amounts falling due within one year 6 277,167 294,544
NET CURRENT ASSETS/(LIABILITIES) 258,845 (3,997 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

323,334

48,769

CREDITORS
Amounts falling due after more than one year 7 (19,500 ) (28,500 )

PROVISIONS FOR LIABILITIES (16,122 ) (10,026 )
NET ASSETS 287,712 10,243

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 287,711 10,242
SHAREHOLDERS' FUNDS 287,712 10,243

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

LONDON PRECAST SYSTEMS LIMITED (REGISTERED NUMBER: 07751912)

BALANCE SHEET - continued
31 JANUARY 2024


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 Income Statement has not been delivered.

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





Mr S Flynn - Director


LONDON PRECAST SYSTEMS LIMITED (REGISTERED NUMBER: 07751912)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

London Precast Systems Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 07751912 and the registered office address is 1-5 Riverside House, Como Street, Romford, Essex, RM7 7DN.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

Hire purchase and leasing commitments
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.

LONDON PRECAST SYSTEMS LIMITED (REGISTERED NUMBER: 07751912)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

2. ACCOUNTING POLICIES - continued

Going concern
The company's net assets are positive at the year end, there is no going concern threat.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 10 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 February 2023 105,755
Additions 27,845
At 31 January 2024 133,600
DEPRECIATION
At 1 February 2023 52,989
Charge for year 16,122
At 31 January 2024 69,111
NET BOOK VALUE
At 31 January 2024 64,489
At 31 January 2023 52,766

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 314,710 127,337
Amounts recoverable on contract 28,820 71,219
Other debtors 45,425 34,905
388,955 233,461

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 9,000 9,000
Trade creditors 40,438 116,733
Amounts owed to group undertakings 25,479 54,493
Taxation and social security 174,756 97,801
Other creditors 27,494 16,517
277,167 294,544

LONDON PRECAST SYSTEMS LIMITED (REGISTERED NUMBER: 07751912)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£ £
Bank loans 19,500 28,500

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2024 and 31 January 2023:

2024 2023
£ £
Mr S Flynn
Balance outstanding at start of year 18,243 18,724
Amounts advanced 8,137 3,924
Amounts repaid - (4,405 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 26,380 18,243

9. RELATED PARTY DISCLOSURES

Wall Close Investments Limited
The parent company.

At the year end London Precast systems Limited owed its parent company Wall close investments limited £25,479 (2022 - £54,493).