Company registration number 11347891 (England and Wales)
LIFEBOAT MAINTENANCE (DERBY) LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024
PAGES FOR FILING WITH REGISTRAR
LIFEBOAT MAINTENANCE (DERBY) LTD
COMPANY INFORMATION
Director
D M Pearson
Company number
11347891
Registered office
Lifeboat House
No. 4 Mayfield Road
Winshill
Burton upon Trent
Staffordshire
DE15 0JT
Accountants
Ashgates Corporate Services Limited
5 Prospect Place
Millennium Way
Pride Park
Derby
DE24 8HG
LIFEBOAT MAINTENANCE (DERBY) LTD
CONTENTS
Page
Accountants' report
1
Balance sheet and notes to the financial statements
2 - 3
LIFEBOAT MAINTENANCE (DERBY) LTD
REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY ACCOUNTS OF LIFEBOAT MAINTENANCE (DERBY) LTD
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Lifeboat Maintenance (Derby) Ltd for the Period ended 31 March 2024, which comprise the balance sheet, from the company’s accounting records and from information and explanations you have given us.

 

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.

This report is made solely to the board of directors of Lifeboat Maintenance (Derby) Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Lifeboat Maintenance (Derby) Ltd and state those matters that we have agreed to state to the board of directors of Lifeboat Maintenance (Derby) Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Lifeboat Maintenance (Derby) Ltd and its board of directors as a body, for our work or for this report.

It is your duty to ensure that Lifeboat Maintenance (Derby) Ltd has kept adequate accounting records and to prepare statutory financial statements that comply with the requirements of the Companies Act 2006. You consider that Lifeboat Maintenance (Derby) Ltd is exempt from the statutory audit requirement for the Period.

We have not been instructed to carry out an audit or a review of the financial statements of Lifeboat Maintenance (Derby) Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Ashgates Corporate Services Limited
5 Prospect Place
Millennium Way
Pride Park
Derby
DE24 8HG
6 November 2024
LIFEBOAT MAINTENANCE (DERBY) LTD
BALANCE SHEET
AS AT
31 MARCH 2024
31 March 2024
- 2 -
31 March 2024
31 May 2023
£
£
£
£
Fixed assets
1,237
1,264
Current assets
5,886
35,845
Creditors: amounts falling due within one year
(77,926)
(618,501)
Net current liabilities
(72,040)
(582,656)
Total assets less current liabilities
(70,803)
(581,392)
Creditors: amounts falling due after more than one year
(671,796)
(33,360)
Accruals and deferred income
(3,420)
(4,025)
Net liabilities
(746,019)
(618,777)
Capital and reserves
(746,019)
(618,777)
Notes to the financial statements
1
Director's benefits: advances, credit and guarantees

Directors of the company

At the balance sheet date amounts owed to the directors amounted to £282,720 (2023 - £259,435).

2
Employees

The average number of persons, including directors, employed by the company during the Period was as follows:

2024
2023
Number
Number
Employees
2
1
3
Going Concern

The financial statements have been prepared on a going concern basis which assumes that the company will continue to trade. The validity of this assumption is dependent on the continued support of the director not requiring the withdrawal of his monies owed to him until sufficient funds are available.

 

If the company were unable to trade, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise, and to reclassify fixed assets and long term liabilities as current assets and liabilities.

 

 

LIFEBOAT MAINTENANCE (DERBY) LTD
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2024
31 March 2024
- 3 -

Lifeboat Maintenance (Derby) Ltd is a private company limited by shares incorporated in England and Wales.

For the Period ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the Period in question in accordance with section 476.

These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 6 November 2024
..............................................
D M Pearson
Director
Company registration number 11347891 (England and Wales)
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