Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-04-01falsegeneral builders and contractors22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 12429897 2023-04-01 2024-03-31 12429897 2022-04-01 2023-03-31 12429897 2024-03-31 12429897 2023-03-31 12429897 1 2023-04-01 2024-03-31 12429897 d:Director1 2023-04-01 2024-03-31 12429897 c:MotorVehicles 2023-04-01 2024-03-31 12429897 c:MotorVehicles 2024-03-31 12429897 c:MotorVehicles 2023-03-31 12429897 c:MotorVehicles c:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 12429897 c:CurrentFinancialInstruments 2024-03-31 12429897 c:CurrentFinancialInstruments 2023-03-31 12429897 c:Non-currentFinancialInstruments 2024-03-31 12429897 c:Non-currentFinancialInstruments 2023-03-31 12429897 c:CurrentFinancialInstruments c:WithinOneYear 2024-03-31 12429897 c:CurrentFinancialInstruments c:WithinOneYear 2023-03-31 12429897 c:Non-currentFinancialInstruments c:AfterOneYear 2024-03-31 12429897 c:Non-currentFinancialInstruments c:AfterOneYear 2023-03-31 12429897 c:ShareCapital 2024-03-31 12429897 c:ShareCapital 2023-03-31 12429897 c:RetainedEarningsAccumulatedLosses 2024-03-31 12429897 c:RetainedEarningsAccumulatedLosses 2023-03-31 12429897 d:OrdinaryShareClass1 2023-04-01 2024-03-31 12429897 d:OrdinaryShareClass1 2024-03-31 12429897 d:OrdinaryShareClass1 2023-03-31 12429897 d:FRS102 2023-04-01 2024-03-31 12429897 d:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 12429897 d:FullAccounts 2023-04-01 2024-03-31 12429897 d:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 12429897 2 2023-04-01 2024-03-31 12429897 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:shares xbrli:pure



Company Registration No. 12429897 (England and Wales)







LV BUILDING CONTRACTORS LIMITED

UNAUDITED
FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 MARCH 2024




































Riordan O'Sullivan & Co
Chartered Certified Accountants
40 Chamberlayne Road
London
NW10 3JE

 
LV BUILDING CONTRACTORS LIMITED
REGISTERED NUMBER:12429897

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
  
42,850
-

  
42,850
-

Current assets
  

Debtors
 5 
817
24,380

Cash at bank and in hand
  
13,809
11,406

  
14,626
35,786

Creditors: amounts falling due within one year
 6 
(35,394)
(33,516)

Net current (liabilities)/assets
  
 
 
(20,768)
 
 
2,270

Total assets less current liabilities
  
22,082
2,270

Creditors: amounts falling due after more than one year
 7 
(21,376)
-

  

Net assets
  
706
2,270


Capital and reserves
  

Called up share capital 
 8 
100
100

Profit and loss account
  
606
2,170

  
706
2,270


Page 1

 
LV BUILDING CONTRACTORS LIMITED
REGISTERED NUMBER:12429897
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 14 August 2024.




___________________________
Niall Finn
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
LV BUILDING CONTRACTORS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

L V Building Contractors Limited is a private company,limited by shares, incorporated in England and
Wales. The registered office is 40 Chamberlayne Road, London, NW10 3JE.  

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company.

The following principal accounting policies have been applied:

 
2.2

Going concern

At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements. 

 
2.3

Turnover

The turnover shown in the profit and loss account represents amounts invoiced during the year,exclusive of Value Added Tax.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
LV BUILDING CONTRACTORS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)


2.7
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Motor vehicles
-
20%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Tangible fixed assets





Motor vehicles

£



Cost or valuation


Additions
46,745



At 31 March 2024

46,745



Depreciation


Charge for the year on owned assets
3,895



At 31 March 2024

3,895



Net book value



At 31 March 2024
42,850



At 31 March 2023
-

Page 4

 
LV BUILDING CONTRACTORS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Debtors

2024
2023
£
£


Trade debtors
36
13,962

Other debtors
781
10,418

817
24,380



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
871
2,072

Trade creditors
-
864

Corporation tax
5,028
17,963

Other taxation and social security
6,441
8,617

Obligations under finance lease and hire purchase contracts
13,501
-

Other creditors
3,553
-

Accruals
6,000
4,000

35,394
33,516



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Net obligations under finance leases and hire purchase contracts
21,376
-



8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1.00 each
100
100


Page 5

 
LV BUILDING CONTRACTORS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

9.


Reserves

2024
2023
£
£


Reserve b/fwd
2,170
1,088

Profit for the year
64,436
76,082

Dividend
(66,000)
(75,000)

606
2,170


10.


Post balance sheet events

There were no events after the year end which materially affected the company.


11.


Controlling party

The directors, Niall Finn and Mathew Tipper jointly have controlling interest by virtue of their shareholdings. 

 
Page 6