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REGISTERED NUMBER: 03449195 (England and Wales)



















L.A. ENGINEERING (BELPER) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






L.A. ENGINEERING (BELPER) LIMITED (REGISTERED NUMBER: 03449195)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


L.A. ENGINEERING (BELPER) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr A D Searson
Mrs S M Searson
Mr L Wilson
Mrs S M Wilson





SECRETARY: Mr L Wilson





REGISTERED OFFICE: 80 Spencer Road
BELPER
Derbyshire
DE56 1JW





REGISTERED NUMBER: 03449195 (England and Wales)





ACCOUNTANTS: Johnson Tidsall Limited
Chartered Accountants
81 Burton Road
Derby
Derbyshire
DE1 1TJ

L.A. ENGINEERING (BELPER) LIMITED (REGISTERED NUMBER: 03449195)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 285,649 265,563

CURRENT ASSETS
Stocks 5 4,100 3,800
Debtors 6 138,111 293,228
Cash at bank 447,325 462,483
589,536 759,511
CREDITORS
Amounts falling due within one year 7 129,183 222,914
NET CURRENT ASSETS 460,353 536,597
TOTAL ASSETS LESS CURRENT LIABILITIES 746,002 802,160

PROVISIONS FOR LIABILITIES 8 33,519 30,211
NET ASSETS 712,483 771,949

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 712,383 771,849
SHAREHOLDERS' FUNDS 712,483 771,949

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

L.A. ENGINEERING (BELPER) LIMITED (REGISTERED NUMBER: 03449195)

BALANCE SHEET - continued
31 MARCH 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 22 November 2024 and were signed on its behalf by:





Mr L Wilson - Director


L.A. ENGINEERING (BELPER) LIMITED (REGISTERED NUMBER: 03449195)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

L.A. Engineering (Belper) Limited 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 represents net invoiced sales of goods and services, excluding value added tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. Revenue from services is recognised in the period in which the services are provided.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Tangible fixed asset are stated at cost (or deemed cost) less accumulated depreciation and accumulated impairment losses.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

L.A. ENGINEERING (BELPER) LIMITED (REGISTERED NUMBER: 03449195)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Debtors
Short term debtors are measured at transaction price, less any impairment.

Creditors
Short term creditors are measured at transaction price.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 15 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 April 2023 111,388 602,104 41,191
Additions - 50,191 2,217
Disposals - - -
At 31 March 2024 111,388 652,295 43,408
DEPRECIATION
At 1 April 2023 7,798 481,157 32,429
Charge for year 1,114 30,883 1,008
Eliminated on disposal - - -
At 31 March 2024 8,912 512,040 33,437
NET BOOK VALUE
At 31 March 2024 102,476 140,255 9,971
At 31 March 2023 103,590 120,947 8,762

L.A. ENGINEERING (BELPER) LIMITED (REGISTERED NUMBER: 03449195)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023 64,259 23,379 842,321
Additions 19,118 2,070 73,596
Disposals (18,248 ) - (18,248 )
At 31 March 2024 65,129 25,449 897,669
DEPRECIATION
At 1 April 2023 34,894 20,480 576,758
Charge for year 3,938 1,360 38,303
Eliminated on disposal (3,041 ) - (3,041 )
At 31 March 2024 35,791 21,840 612,020
NET BOOK VALUE
At 31 March 2024 29,338 3,609 285,649
At 31 March 2023 29,365 2,899 265,563

5. STOCKS
2024 2023
£    £   
Stocks 4,100 3,800

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 128,041 280,537
Other debtors 5,708 5,708
Prepayments and accrued income 4,362 6,983
138,111 293,228

L.A. ENGINEERING (BELPER) LIMITED (REGISTERED NUMBER: 03449195)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 20,251 103,611
Corporation tax 18,379 49,914
Social security and other taxes 13,057 13,408
VAT 17,396 46,743
Other creditors 24,816 121
Directors' current accounts 8,244 1,685
Accruals and deferred income 27,040 7,432
129,183 222,914

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 33,519 30,211

Deferred
tax
£   
Balance at 1 April 2023 30,211
Provided during year 3,308
Balance at 31 March 2024 33,519

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100