Registered number
07567704
LSF Property Services & Maintenance Limited
Unaudited Filleted Accounts
31 March 2024
LSF Property Services & Maintenance Limited
Registered number: 07567704
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 2,968 10,578
Current assets
Stocks - 2,013
Debtors 5 165,279 -
Cash at bank and in hand 543,087 855,779
708,366 857,792
Creditors: amounts falling due within one year 6 (66,954) (137,589)
Net current assets 641,412 720,203
Net assets 644,380 730,781
Capital and reserves
Called up share capital 100 100
Profit and loss account 644,280 730,681
Shareholders' funds 644,380 730,781
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.
Eleanor Sarah Diana Fazzio
Director
Approved by the board on 20 November 2024
LSF Property Services & Maintenance Limited
Notes to the Accounts
for the year ended 31 March 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:
Motor vehicles over 5 years
Plant and machinery over 5 years
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 7 9
3 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2023 20,000
At 31 March 2024 20,000
Amortisation
At 1 April 2023 20,000
At 31 March 2024 20,000
Net book value
At 31 March 2024 -
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Motor vehicles
£
Cost
At 1 April 2023 38,067
At 31 March 2024 38,067
Depreciation
At 1 April 2023 27,489
Charge for the year 7,610
At 31 March 2024 35,099
Net book value
At 31 March 2024 2,968
At 31 March 2023 10,578
5 Debtors 2024 2023
£ £
Trade debtors 165,279 -
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 3,439 3,537
Taxation and social security costs 61,215 97,482
Other creditors 2,300 36,570
66,954 137,589
7 Other information
LSF Property Services & Maintenance Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit C218
Trident Business Centre
89 Bickersteth Road
London
SW17 9SH
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