Company registration number 3325927 (England and Wales)
LEEDS BUILDING SERVICES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
PAGES FOR FILING WITH REGISTRAR
LEEDS BUILDING SERVICES LIMITED
CONTENTS
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 6
LEEDS BUILDING SERVICES LIMITED
STATEMENT OF FINANCIAL POSITION
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
61,141
57,921
Current assets
Stocks
20,621
14,850
Debtors
4
214,748
346,314
Cash at bank and in hand
1,201,042
1,079,574
1,436,411
1,440,738
Creditors: amounts falling due within one year
5
(77,551)
(89,520)
Net current assets
1,358,860
1,351,218
Total assets less current liabilities
1,420,001
1,409,139
Provisions for liabilities
6
(8,893)
(8,044)
Net assets
1,411,108
1,401,095
Capital and reserves
Called up share capital
7
16
16
Capital redemption reserve
119
119
Profit and loss reserves
1,410,973
1,400,960
Total equity
1,411,108
1,401,095
LEEDS BUILDING SERVICES LIMITED
STATEMENT OF FINANCIAL POSITION (CONTINUED)
- 2 -
For the financial year ended 30 June 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 of its financial statements for the year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors of the company have elected not to include a copy of the income statement within the financial statements.true
The financial statements were approved by the board of directors and authorised for issue on 7 November 2024 and are signed on its behalf by:
A Sunderland
Director
Company registration number 3325927 (England and Wales)
LEEDS BUILDING SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
- 3 -
1
Accounting policies
Company information
Leeds Building Services Limited is a private company limited by shares incorporated in England and Wales. The registered office is 1 Cross Green Lane, Leeds, West Yorkshire, LS9 8LJ.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes.
Turnover is recognised upon the provision of services.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Leasehold improvements
15% reducing balance
Plant and equipment
15% reducing balance
Fixtures and fittings
15% reducing balance
Computers
15% reducing balance
Motor vehicles
25% reducing balance
1.4
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.
1.5
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
LEEDS BUILDING SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
1
Accounting policies
(Continued)
- 4 -
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the income statement, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.
1.6
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
4
4
LEEDS BUILDING SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 5 -
3
Tangible fixed assets
Leasehold improvements
Plant and equipment
Fixtures and fittings
Computers
Motor vehicles
Total
£
£
£
£
£
£
Cost
At 1 July 2023
41,610
2,174
1,761
7,779
111,389
164,713
Additions
24,697
24,697
Disposals
(10,285)
(10,285)
At 30 June 2024
41,610
2,174
1,761
7,779
125,801
179,125
Depreciation and impairment
At 1 July 2023
38,088
1,610
1,726
6,408
58,958
106,790
Depreciation charged in the year
528
85
5
206
18,824
19,648
Eliminated in respect of disposals
(8,454)
(8,454)
At 30 June 2024
38,616
1,695
1,731
6,614
69,328
117,984
Carrying amount
At 30 June 2024
2,994
479
30
1,165
56,473
61,141
At 30 June 2023
3,522
563
36
1,371
52,429
57,921
Last year c/fwd cost
41,610
2,174
1,761
7,779
111,388
Differs from this year b/fwd by
-
-
-
-
1
Last year c/fwd depreciation
38,088
1,611
1,725
6,408
58,959
Differs from this year b/fwd by
-
(1)
1
-
(1)
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
130,468
129,083
Corporation tax recoverable
93,147
Other debtors
83,210
122,679
Prepayments and accrued income
1,070
1,405
214,748
346,314
LEEDS BUILDING SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 6 -
5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
34,641
49,533
Taxation and social security
22,568
19,645
Accruals and deferred income
20,342
20,342
77,551
89,520
6
Provisions for liabilities
2024
2023
£
£
Deferred tax liabilities
8,893
8,044
7
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
A Ordinary shares of £1 each
16
16
16
16