Registered number
12767479
Leedham Property Services (Midlands) Limited
Filleted Abridged Accounts
31 August 2024
Leedham Property Services (Midlands) Limited
Registered number: 12767479
Abridged Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 137,869 37,875
Current assets
Stocks 10,000 10,321
Debtors 510,426 575,919
Cash at bank and in hand 595,412 138,205
1,115,838 724,445
Creditors: amounts falling due within one year (528,707) (241,752)
Net current assets 587,131 482,693
Net assets 725,000 520,568
Capital and reserves
Called up share capital 1 1
Profit and loss account 724,999 520,567
Shareholder's funds 725,000 520,568
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her 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.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006.
Jane Leedham
Director
Approved by the board on 29 November 2024
Leedham Property Services (Midlands) Limited
Notes to the Abridged Accounts
for the year ended 31 August 2024
1 Accounting policies
Basis of preparation
The abridged 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:
Plant and machinery over 10 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
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. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Total
£
Cost
At 1 September 2023 46,858
Additions 153,188
Disposals (46,858)
At 31 August 2024 153,188
Depreciation
At 1 September 2023 8,983
Charge for the year 15,319
On disposals (8,983)
At 31 August 2024 15,319
Net book value
At 31 August 2024 137,869
At 31 August 2023 37,875
4 Other information
Leedham Property Services (Midlands) Limited is a private company limited by shares and incorporated in England. Its registered office is:
Bank House Farm
Godwins Lane
Blithbury
Rugeley
WS15 3JE
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