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REGISTERED NUMBER: 10015441 (England and Wales)


















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

LAVISH CONSTRUCTION & FACILITIES
MANAGEMENT LTD

LAVISH CONSTRUCTION & FACILITIES
MANAGEMENT LTD (REGISTERED NUMBER: 10015441)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


LAVISH CONSTRUCTION & FACILITIES
MANAGEMENT LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTORS: I J P Winter
S A Winter





REGISTERED OFFICE: Holly Farm Business Park
Honiley
Kenilworth
CV8 1NP





REGISTERED NUMBER: 10015441 (England and Wales)





ACCOUNTANTS: TGFP
Chartered Accountants
Fulford House
Newbold Terrace
Leamington Spa
Warwickshire
CV32 4EA

LAVISH CONSTRUCTION & FACILITIES
MANAGEMENT LTD (REGISTERED NUMBER: 10015441)

STATEMENT OF FINANCIAL POSITION
29 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 75,787 14,526

CURRENT ASSETS
Debtors 5 30,446 29,158
Cash at bank 201,067 49,419
231,513 78,577
CREDITORS
Amounts falling due within one year 6 237,608 49,968
NET CURRENT (LIABILITIES)/ASSETS (6,095 ) 28,609
TOTAL ASSETS LESS CURRENT
LIABILITIES

69,692

43,135

CREDITORS
Amounts falling due after more than one
year

7

(30,746

)

(35,186

)

PROVISIONS FOR LIABILITIES (13,865 ) -
NET ASSETS 25,081 7,949

CAPITAL AND RESERVES
Called up and paid share capital 100 100
Retained earnings 24,981 7,849
25,081 7,949

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

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

LAVISH CONSTRUCTION & FACILITIES
MANAGEMENT LTD (REGISTERED NUMBER: 10015441)

STATEMENT OF FINANCIAL POSITION - continued
29 FEBRUARY 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 November 2024 and were signed on its behalf by:





I J P Winter - Director


LAVISH CONSTRUCTION & FACILITIES
MANAGEMENT LTD (REGISTERED NUMBER: 10015441)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024


1. STATUTORY INFORMATION

Lavish Construction & Facilities Management Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 - 33% on cost and 25% on cost

Financial instruments
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

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 statement of financial position date.


LAVISH CONSTRUCTION & FACILITIES
MANAGEMENT LTD (REGISTERED NUMBER: 10015441)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 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 statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023 45,636
Additions 91,610
At 29 February 2024 137,246
DEPRECIATION
At 1 March 2023 31,110
Charge for year 30,349
At 29 February 2024 61,459
NET BOOK VALUE
At 29 February 2024 75,787
At 28 February 2023 14,526

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 29,763 28,475
Other debtors 683 683
30,446 29,158

LAVISH CONSTRUCTION & FACILITIES
MANAGEMENT LTD (REGISTERED NUMBER: 10015441)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,379 5,556
Trade creditors 86,323 8,059
Taxation and social security 15,908 10,378
Other creditors 129,998 25,975
237,608 49,968

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 30,746 35,186

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 1,852