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REGISTERED NUMBER: 03934251 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

LSE Building Preservation Ltd

LSE Building Preservation Ltd (Registered number: 03934251)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LSE Building Preservation Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTORS: M J Bellingham-Mills
I M MacLennan
Mrs L MacLennan





REGISTERED OFFICE: Unit 5, Helix Trade Park
Sun Rise Way
Amesbury
Salisbury
Wiltshire
SP4 7EY





REGISTERED NUMBER: 03934251 (England and Wales)





ACCOUNTANTS: Rawlence and Browne UDY Limited
T/A Potter and Pollard
Unit 17 Lancaster Road
Sarum Business Park
Old Sarum
Salisbury
Wiltshire
SP4 6FB

LSE Building Preservation Ltd (Registered number: 03934251)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 219,216 124,654

CURRENT ASSETS
Stocks 433,572 443,513
Debtors 5 1,017,047 917,599
Cash at bank 188,751 68,441
1,639,370 1,429,553
CREDITORS
Amounts falling due within one year 6 1,201,601 1,053,200
NET CURRENT ASSETS 437,769 376,353
TOTAL ASSETS LESS CURRENT
LIABILITIES

656,985

501,007

CREDITORS
Amounts falling due after more than one
year

7

(220,609

)

(181,729

)

PROVISIONS FOR LIABILITIES (32,076 ) (24,546 )
NET ASSETS 404,300 294,732

CAPITAL AND RESERVES
Called up share capital 50 50
Capital redemption reserve 50 50
Retained earnings 404,200 294,632
404,300 294,732

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

LSE Building Preservation Ltd (Registered number: 03934251)

Balance Sheet - continued
30 April 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 17 December 2024 and were signed on its behalf by:




I M MacLennan - Director Mrs L Maclennan - Director




M J Bellingham-Mills - Director


LSE Building Preservation Ltd (Registered number: 03934251)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

LSE Building Preservation Ltd 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Property Improvements - Straight Line over the length of the lease
Plant and Machinery - 33% Straight Line
Motor Vehicles - 20% Straight Line
Office Equipment - 20% Straight Line

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

LSE Building Preservation Ltd (Registered number: 03934251)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 40 (2023 - 38 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023 552,232
Additions 140,996
Disposals (2,700 )
At 30 April 2024 690,528
DEPRECIATION
At 1 May 2023 427,578
Charge for year 46,029
Eliminated on disposal (2,295 )
At 30 April 2024 471,312
NET BOOK VALUE
At 30 April 2024 219,216
At 30 April 2023 124,654

Included within Fixed Assets are Hire Purchase assets with a Net Book Value totalling £151,726 (2023: £97,922).

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 197,707 275,605
Other debtors 819,340 641,994
1,017,047 917,599

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 152,789 163,917
Hire purchase contracts 52,692 31,421
Trade creditors 395,951 399,025
Taxation and social security 176,832 163,239
Other creditors 423,337 295,598
1,201,601 1,053,200

LSE Building Preservation Ltd (Registered number: 03934251)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR - continued

The bank loans and overdrafts are secured by a fixed and floating charge over the company's assets. The hire purchase contracts are secured on the assets concerned.

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans 128,950 118,830
Hire purchase contracts 91,659 62,899
220,609 181,729

The bank loans and overdrafts are secured by a fixed and floating charge over the company's assets. The hire purchase contracts are secured on the assets concerned.

8. OTHER FINANCIAL COMMITMENTS

The company has lease commitments of £57,344 (2023: £66,637) becoming due within one year, £183,954 (2023: £195,326) becoming due between one and five years and a further £20,500 (2023: £61,500) becoming due between five and ten years. These commitments are not recorded within the balance sheet.