Registered number
SC628584
LC Ecohomes
Filleted Accounts
30 April 2024
LC Ecohomes
Registered number: SC628584
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 - 897
Current assets
Debtors 4 9,183 52,441
Cash at bank and in hand 52,107 11,686
61,290 64,127
Creditors: amounts falling due within one year 5 (45,577) (44,444)
Net current assets 15,713 19,683
Total assets less current liabilities 15,713 20,580
Creditors: amounts falling due after more than one year 6 - (8,063)
Net assets 15,713 12,517
Capital and reserves
Called up share capital 2 2
Profit and loss account 15,711 12,515
Shareholders' funds 15,713 12,517
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.
J.Mcinnes
Director
Approved by the board on 16 January 2025
LC Ecohomes
Notes to the Accounts
for the year ended 30 April 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:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 May 2023 1,548
At 30 April 2024 1,548
Depreciation
At 1 May 2023 651
Charge for the year 897
At 30 April 2024 1,548
Net book value
At 30 April 2024 -
At 30 April 2023 897
4 Debtors 2024 2023
£ £
Work In Progress - 37,123
Trade debtors 7,043 13,178
Other debtors 2,140 2,140
9,183 52,441
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 27,444 41,997
Taxation and social security costs 10,573 2,447
Other creditors 7,560 -
45,577 44,444
6 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors - 8,063
7 Other information
LC Ecohomes is a private company limited by shares and incorporated in Scotland. Its registered office is:
10 Birch Court
Doune
Perthshire
FK16 6JD
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