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REGISTERED NUMBER: 08658720 (England and Wales)















Financial Statements for the Year Ended 31 March 2024

for

Lansbury Worthington Limited

Lansbury Worthington Limited (Registered number: 08658720)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Lansbury Worthington Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: B J Lansbury
C Worthington
R Gowthorpe
Ms S R Whitfield





REGISTERED OFFICE: 11 Galena Road
Hammersmith
London
W6 0LT





REGISTERED NUMBER: 08658720 (England and Wales)





ACCOUNTANTS: Newmans
Chartered Certified Accountants
DVS House
Suite 1, First Floor
4 Spring Villa Road
Edgware
Middlesex
HA8 7EB

Lansbury Worthington Limited (Registered number: 08658720)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 275,000 300,000
Tangible assets 5 - -
275,000 300,000

CURRENT ASSETS
Debtors 6 279,703 101,088
Cash at bank 92,574 36,601
372,277 137,689
CREDITORS
Amounts falling due within one year 7 331,582 206,617
NET CURRENT ASSETS/(LIABILITIES) 40,695 (68,928 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

315,695

231,072

CREDITORS
Amounts falling due after more than one year 8 56,667 76,667
NET ASSETS 259,028 154,405

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 9 258,928 154,305
SHAREHOLDERS' FUNDS 259,028 154,405

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.

Lansbury Worthington Limited (Registered number: 08658720)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 November 2024 and were signed on its behalf by:




B J Lansbury - Director



C Worthington - Director


Lansbury Worthington Limited (Registered number: 08658720)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Lansbury Worthington 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.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Lansbury Worthington Limited (Registered number: 08658720)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 16 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 500,000
AMORTISATION
At 1 April 2023 200,000
Charge for year 25,000
At 31 March 2024 225,000
NET BOOK VALUE
At 31 March 2024 275,000
At 31 March 2023 300,000

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 15,613 5,693 21,306
DEPRECIATION
At 1 April 2023
and 31 March 2024 15,613 5,693 21,306
NET BOOK VALUE
At 31 March 2024 - - -
At 31 March 2023 - - -

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 57,225 10,263
Other debtors 222,478 90,825
279,703 101,088

Lansbury Worthington Limited (Registered number: 08658720)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 56,924 151,002
Tax 15,417 -
VAT 45,002 45,239
Clients' accounts (6,734 ) (9,014 )
Clients' ledger 6,734 9,014
Directors' current accounts 3,201 3,201
Accruals and deferred income 80,000 -
Accrued expenses 131,038 7,175
331,582 206,617

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans more 5 yr by instal 56,667 76,667

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 56,667 76,667

9. RESERVES
Retained
earnings
£   

At 1 April 2023 154,305
Profit for the year 104,623
At 31 March 2024 258,928

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year company paid rent of £35,000 (2023: £35,000) to Mr B Lansbury and Mr C Worthington in respect of office premises owned by them.


During the year fees of £68,903 (2023: £Nil) were paid to R Gowthorpe.

11. ULTIMATE CONTROLLING PARTY

The controlling party is B J Lansbury.

The ultimate controlling party is C Worthington.