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REGISTERED NUMBER: SC367268 (Scotland)




















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

L AND L CONTRACTS LIMITED

L AND L CONTRACTS LIMITED (REGISTERED NUMBER: SC367268)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


L AND L CONTRACTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: Mr Colin Adams





SECRETARY: Mr Colin Adams





REGISTERED OFFICE: 165 Main Street
Wishaw
Lanarkshire
ML2 7AU





REGISTERED NUMBER: SC367268 (Scotland)





ACCOUNTANTS: Feely & Company, Chartered Accountants
165 Main Street
Wishaw
Lanarkshire
ML2 7AU

L AND L CONTRACTS LIMITED (REGISTERED NUMBER: SC367268)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 12,358 16,478

CURRENT ASSETS
Stocks 520 1,862
Debtors 5 27,962 31,092
Cash at bank and in hand 2,079 1,101
30,561 34,055
CREDITORS
Amounts falling due within one year 6 30,595 27,351
NET CURRENT (LIABILITIES)/ASSETS (34 ) 6,704
TOTAL ASSETS LESS CURRENT LIABILITIES 12,324 23,182

CREDITORS
Amounts falling due after more than one year 7 13,393 22,827
NET (LIABILITIES)/ASSETS (1,069 ) 355

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (1,070 ) 354
SHAREHOLDERS' FUNDS (1,069 ) 355

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 director acknowledges his 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.

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 director and authorised for issue on 17 January 2025 and were signed by:





Mr Colin Adams - Director


L AND L CONTRACTS LIMITED (REGISTERED NUMBER: SC367268)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

L and L Contracts Limited is a private company, limited by shares , registered in Scotland. 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 represents net sales of goods and services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance

At each balance sheet date, the company reviews the carrying amount of the tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any.

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

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

L AND L CONTRACTS LIMITED (REGISTERED NUMBER: SC367268)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023
and 30 April 2024 31,402
DEPRECIATION
At 1 May 2023 14,924
Charge for year 4,120
At 30 April 2024 19,044
NET BOOK VALUE
At 30 April 2024 12,358
At 30 April 2023 16,478

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 May 2023
and 30 April 2024 23,988
DEPRECIATION
At 1 May 2023 8,621
Charge for year 3,842
At 30 April 2024 12,463
NET BOOK VALUE
At 30 April 2024 11,525
At 30 April 2023 15,367

5. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 884 2,057
Other debtors 2,078 4,035
2,962 6,092

Amounts falling due after more than one year:
Other debtors 25,000 25,000

Aggregate amounts 27,962 31,092

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,000 5,000
Hire purchase contracts 4,798 4,798
Trade creditors 1,479 4,089
Taxation and social security 126 1,431
Other creditors 19,192 12,033
30,595 27,351

L AND L CONTRACTS LIMITED (REGISTERED NUMBER: SC367268)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 6,667 10,833
Hire purchase contracts 6,726 11,994
13,393 22,827