Registered number
06670253
Landsat UK Limited
Filleted Accounts
31 August 2024
Landsat UK Limited
Registered number: 06670253
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 7,002 7,002
Current assets
Cash at bank and in hand 30,209 500
Creditors: amounts falling due within one year 4 (9,081) (28,938)
Net current assets/(liabilities) 21,128 (28,438)
Net assets/(liabilities) 28,130 (21,436)
Capital and reserves
Called up share capital 100 100
Profit and loss account 28,030 (21,536)
Shareholders' funds 28,130 (21,436)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Arthur John Fowler
Director
Approved by the board on 20 November 2024
Landsat UK Limited
Notes to the Accounts
for the year ended 31 August 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold land and buildings not depreciated
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 September 2023 7,002
At 31 August 2024 7,002
Depreciation
At 31 August 2024 -
Net book value
At 31 August 2024 7,002
At 31 August 2023 7,002
4 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 6,575 -
Other creditors 2,506 28,938
9,081 28,938
5 Other information
Landsat UK Limited is a private company limited by shares and incorporated in England. Its registered office is:
5a The Vineyard
Walton-le-Dale
Preston
Lancashire
PR5 4PR
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