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REGISTERED NUMBER: 07522499 (England and Wales)















Unaudited Financial Statements for the Year Ended 29th February 2024

for

LRD Construction Services Limited

LRD Construction Services Limited (Registered number: 07522499)






Contents of the Financial Statements
for the Year Ended 29th February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LRD Construction Services Limited

Company Information
for the Year Ended 29th February 2024







DIRECTOR: Mr L R Dolby





REGISTERED OFFICE: Central Chambers
227 London Road
Hadleigh
Benfleet
Essex
SS7 2RF





REGISTERED NUMBER: 07522499 (England and Wales)





ACCOUNTANTS: Field & Co LLP
Central Chambers
227 London Road
Hadleigh
Benfleet
Essex
SS7 2RF

LRD Construction Services Limited (Registered number: 07522499)

Balance Sheet
29th February 2024

29/2/24 28/2/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 20,149 25,186
Investments 5 50 50
20,199 25,236

CURRENT ASSETS
Stocks - 9,000
Debtors 6 52,505 50,004
Cash at bank 3,518 3,945
56,023 62,949
CREDITORS
Amounts falling due within one year 7 57,800 55,124
NET CURRENT (LIABILITIES)/ASSETS (1,777 ) 7,825
TOTAL ASSETS LESS CURRENT
LIABILITIES

18,422

33,061

CREDITORS
Amounts falling due after more than
one year

8

(14,258

)

(28,176

)

PROVISIONS FOR LIABILITIES 10 (4,064 ) (4,785 )
NET ASSETS 100 100

LRD Construction Services Limited (Registered number: 07522499)

Balance Sheet - continued
29th February 2024

29/2/24 28/2/23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 11 100 100
SHAREHOLDERS' FUNDS 100 100

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29th February 2024.

The members have not required the Company to obtain an audit of its financial statements for the year ended 29th February 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.

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 1st October 2024 and were signed by:





Mr L R Dolby - Director


LRD Construction Services Limited (Registered number: 07522499)

Notes to the Financial Statements
for the Year Ended 29th February 2024

1. STATUTORY INFORMATION

LRD Construction Services 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.

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 - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


LRD Construction Services Limited (Registered number: 07522499)

Notes to the Financial Statements - continued
for the Year Ended 29th February 2024

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1st March 2023
and 29th February 2024 1,815 1,928 63,157 66,900
DEPRECIATION
At 1st March 2023 1,169 1,688 38,857 41,714
Charge for year 129 48 4,860 5,037
At 29th February 2024 1,298 1,736 43,717 46,751
NET BOOK VALUE
At 29th February 2024 517 192 19,440 20,149
At 28th February 2023 646 240 24,300 25,186

LRD Construction Services Limited (Registered number: 07522499)

Notes to the Financial Statements - continued
for the Year Ended 29th February 2024

5. FIXED ASSET INVESTMENTS
Interest
in joint
venture
£   
COST
At 1st March 2023
and 29th February 2024 50
NET BOOK VALUE
At 29th February 2024 50
At 28th February 2023 50

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29/2/24 28/2/23
£    £   
Trade debtors 16,764 6,039
Other debtors 35,741 43,965
52,505 50,004

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29/2/24 28/2/23
£    £   
Bank loans and overdrafts (see note 9) 10,058 9,765
Hire purchase contracts 3,750 3,750
Trade creditors 9,293 13,784
Taxation and social security 30,102 25,625
Other creditors 4,597 2,200
57,800 55,124

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
29/2/24 28/2/23
£    £   
Bank loans (see note 9) 13,946 24,114
Hire purchase contracts 312 4,062
14,258 28,176

LRD Construction Services Limited (Registered number: 07522499)

Notes to the Financial Statements - continued
for the Year Ended 29th February 2024

9. LOANS

An analysis of the maturity of loans is given below:

29/2/24 28/2/23
£    £   
Amounts falling due within one year or on demand:
Bank loans 10,058 9,765

Amounts falling due between one and two years:
Bank loans - 1-2 years 10,419 10,162

Amounts falling due between two and five years:
Bank loans - 2-5 years 3,527 13,952

10. PROVISIONS FOR LIABILITIES
29/2/24 28/2/23
£    £   
Deferred tax 4,064 4,785

Deferred
tax
£   
Balance at 1st March 2023 4,785
Provided during year (721 )
Balance at 29th February 2024 4,064

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29/2/24 28/2/23
value: £    £   
100 Ordinary Share £1 100 100

LRD Construction Services Limited (Registered number: 07522499)

Notes to the Financial Statements - continued
for the Year Ended 29th February 2024

12. RESERVES
Retained
earnings
£   

Profit for the year 43,484
Dividends (43,484 )
At 29th February 2024 -