2023-04-01 07133448 2024-03-31 07133448 2023-04-01 2024-03-31 07133448 2023-03-31 07133448 2022-04-01 2023-03-31 07133448 uk-core:WithinOneYear 2023-03-31 07133448 uk-core:WithinOneYear 2024-03-31 07133448 uk-core:AfterOneYear 2023-03-31 07133448 uk-core:AfterOneYear 2024-03-31 07133448 uk-core:ShareCapital 2024-03-31 07133448 uk-core:ShareCapital 2023-03-31 07133448 uk-core:RetainedEarningsAccumulatedLosses 2024-03-31 07133448 uk-core:RetainedEarningsAccumulatedLosses 2023-03-31 07133448 uk-bus:Director1 2023-04-01 2024-03-31 07133448 uk-core:NetGoodwill 2023-04-01 2024-03-31 07133448 uk-core:PlantMachinery 2023-04-01 2024-03-31 07133448 uk-core:ComputerEquipment 2023-04-01 2024-03-31 07133448 uk-core:FurnitureFittings 2023-04-01 2024-03-31 07133448 uk-core:Goodwill 2023-03-31 07133448 uk-core:Goodwill 2024-03-31 07133448 uk-core:ComputerEquipment 2023-03-31 07133448 uk-core:FurnitureFittings 2023-03-31 07133448 uk-core:PlantMachinery 2023-03-31 07133448 uk-core:PlantMachinery 2024-03-31 07133448 uk-core:FurnitureFittings 2024-03-31 07133448 uk-core:ComputerEquipment 2024-03-31 07133448 uk-core:WithinOneYear 2024-03-31 07133448 uk-core:WithinOneYear 2023-03-31 07133448 uk-core:AfterOneYear uk-core:Secured 2024-03-31 07133448 uk-core:AfterOneYear uk-core:Secured 2023-03-31 07133448 uk-core:IndeterminateMaturityNon-expiringFinancialInstruments 2024-03-31 07133448 uk-core:IndeterminateMaturityNon-expiringFinancialInstruments 2023-03-31 07133448 uk-core:AfterOneYear 2023-04-01 2024-03-31 07133448 uk-core:BetweenTwoFiveYears 2024-03-31 iso4217:GBP xbrli:pure 07133448 uk-bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 07133448 uk-bus:FRS102 2023-04-01 2024-03-31 07133448 uk-bus:FilletedAccounts 2023-04-01 2024-03-31 07133448 uk-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31
L J S Accountants Limited
Registered Number:07133448
For the year ended 31 March 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 31 March 2024
L J S Accountants Limited
Contents Page
1
Statement of Financial Position
2 to 6
Notes to the Financial Statements
3
Registered Number :
07133448
As at 31 March 2024
L J S Accountants Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
1,012
1,341
3
1,012
1,341
Current assets
Inventories
6,340
4,950
4
Trade and other receivables
17,034
8,794
5
34,358
Cash and cash equivalents
27,327
41,071
57,732
Trade and other payables: amounts falling due within one
year
(25,723)
(20,264)
6
32,009
20,807
Net current assets
Total assets less current liabilities
21,819
33,350
Trade and other payables: amounts falling due after more
than one year
(9,798)
(8,470)
7
(192)
(255)
Provisions for liabilities
13,157
Net assets
23,297
Capital and reserves
Called up share capital
100
100
Retained earnings
13,057
23,197
13,157
23,297
Shareholders' funds
For the year ended 31 March 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
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 director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
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4
Registered Number :
07133448
For the year ended 31 March 2024
L J S Accountants Limited
Statement of Financial Position Continued
Mrs Lisa Dhillon Director
These financial statements were approved and authorised for issue by the Board on 23 December 2024 and were signed by:
The notes form part of these financial statements
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5
For the year ended 31 March 2024
L J S Accountants Limited
Notes to the Financial Statements
Statutory Information
L J S Accountants Limited is a private limited company, limited by shares, domiciled in England and Wales,
registration number 07133448.
Registered address:
65 Charterfield Drive
Kingswinford
West Midlands
DY6 7RS
The presentation currency is £ sterling.
This is the currency of the primary economic market in which the entity operates (its functional currency). All amounts
in these financial statements have been rounded to the nearest pound unless otherwise stated.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Goodwill
Goodwill is being amortised evenly over its estimated useful life of 1 years.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery
25% Reducing balance
33.33% Straight line
Computer Equipment
25% Reducing balance
Furniture and Fittings
Deferred tax
Deferred tax is provided on timing differences which arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements. Differences between accumulated depreciation and tax allowances for the cost of a fixed asset, if and when all conditions for retaining the tax allowances have been met, are not provided for. Deferred tax is not recognised on permanent differences arising because certain types of income or expense are non-taxable or are disallowable for tax or because certain tax charges or allowances are greater or smaller than the corresponding income or expense. Deferred tax is measured at the tax rate that is expected to apply to the reversal of the related difference, using tax rates enacted or substantively enacted at the balance sheet date. Deferred tax balances are not discounted. 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 straightline basis over the period of the lease.
Work in Progress
Work in progress is valued at the recoverable value of recorded service completion at the year end date.
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6
For the year ended 31 March 2024
L J S Accountants Limited
Notes to the Financial Statements Continued
2. Intangible fixed assets
Goodwill
Cost or valuation
£
At 01 April 2023
6,390
At 31 March 2024
6,390
Amortisation
At 01 April 2023
6,390
At 31 March 2024
6,390
Net book value
At 31 March 2024
-
At 31 March 2023
-
3. Property, plant and equipment
Total
Computer
Equipment
Furniture and
Fittings
Plant and
Machinery
£
£
£
£
Cost or
valuation
At 01 April 2023
7,260
5,800
1,460
-
398
-
-
398
Additions
At 31 March 2024
398
1,460
5,800
7,658
Provision for depreciation and impairment
At 01 April 2023
5,919
4,629
1,290
-
Charge for year
727
585
43
99
At 31 March 2024
6,646
5,214
1,333
99
At 31 March 2024
Net book value
299
127
586
1,012
At 31 March 2023
-
170
1,171
1,341
4. Inventories
2023
2024
£
£
Stocks
4,950
6,340
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7
For the year ended 31 March 2024
L J S Accountants Limited
Notes to the Financial Statements Continued
5. Trade and other receivables
2023
2024
£
£
Trade debtors
2,670
10,971
Other debtors
6,124
6,063
17,034
8,794
6. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft
1,329
1,277
Trade creditors
765
209
Taxation and social security
10,396
15,833
Other creditors
7,774
8,404
20,264
25,723
7. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft
8,470
9,798
Analysis of creditors falling due after more than five years:
Payable by instalments
9,799
11,075
The bank loan is a Covid-19 Bounceback loan which is backed by a 100% guarantee by the government.
8. Related party transactions
At 31 March 2024 the company owed the directors £1 (2023 - £7). This amount is included in other creditors.
9. Guarantees and other financial commitments
Lease commitments
At 31 March 2024 the company had annual commitments under non-cancellable operating leases as set out below:
2024
£
Operating leases which expire:
2,833
Within 1 year
1,117
Within 2 to 5 years
3,950
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8
For the year ended 31 March 2024
L J S Accountants Limited
Notes to the Financial Statements Continued
10. Average number of persons employed
During the year the average number of employees was 0
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