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REGISTERED NUMBER: 03808747 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

LONDON BUILDING EQUIPMENT (UK) LIMITED

LONDON BUILDING EQUIPMENT (UK) LIMITED (REGISTERED NUMBER: 03808747)

Contents of the Financial Statements
FOR THE YEAR ENDED 31 JULY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LONDON BUILDING EQUIPMENT (UK) LIMITED

Company Information
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: B C Lee
T McGowan
J E Woolger





REGISTERED OFFICE: C/o Diverset Ltd
Ferrari House
258 Field End Road
Eastcote
Middlesex
HA4 9UU





REGISTERED NUMBER: 03808747 (England and Wales)





ACCOUNTANTS: Diverset Limited
Chartered Accountants
Ferrari House
258 Field End Road
Ruislip
Middlesex
HA4 9UU

LONDON BUILDING EQUIPMENT (UK) LIMITED (REGISTERED NUMBER: 03808747)

Balance Sheet
31 JULY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 401,979 188,729

CURRENT ASSETS
Stocks 943,127 1,388,377
Debtors 5 2,975,030 2,326,781
Cash at bank and in hand 312,350 533,101
4,230,507 4,248,259
CREDITORS
Amounts falling due within one year 6 532,542 510,127
NET CURRENT ASSETS 3,697,965 3,738,132
TOTAL ASSETS LESS CURRENT LIABILITIES 4,099,944 3,926,861

PROVISIONS FOR LIABILITIES 100,296 46,953
NET ASSETS 3,999,648 3,879,908

CAPITAL AND RESERVES
Called up share capital 8 400 400
Retained earnings 3,999,248 3,879,508
SHAREHOLDERS' FUNDS 3,999,648 3,879,908

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

LONDON BUILDING EQUIPMENT (UK) LIMITED (REGISTERED NUMBER: 03808747)

Balance Sheet - continued
31 JULY 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 16 January 2025 and were signed on its behalf by:





J E Woolger - Director


LONDON BUILDING EQUIPMENT (UK) LIMITED (REGISTERED NUMBER: 03808747)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 JULY 2024


1. STATUTORY INFORMATION

London Building Equipment (UK) Limited 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 represents amounts receivable for goods and services net of VAT and trade discounts.

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.
Short leasehold - Straight line over the lease period
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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.

LONDON BUILDING EQUIPMENT (UK) LIMITED (REGISTERED NUMBER: 03808747)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JULY 2024


2. ACCOUNTING POLICIES - continued

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 10 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 August 2023 186,987 734,131 921,118
Additions 8,845 327,350 336,195
Disposals - (212,384 ) (212,384 )
At 31 July 2024 195,832 849,097 1,044,929
DEPRECIATION
At 1 August 2023 177,548 554,841 732,389
Charge for year 4,119 76,077 80,196
Eliminated on disposal - (169,635 ) (169,635 )
At 31 July 2024 181,667 461,283 642,950
NET BOOK VALUE
At 31 July 2024 14,165 387,814 401,979
At 31 July 2023 9,439 179,290 188,729

Included in Plant and Machinery are assets held under HP/finance leases. At the balance sheet date, these assets had a Net Book Value of £36,832 (2023: £49,109) and accumulated depreciation of £240,168 (2023: £227,890).

LONDON BUILDING EQUIPMENT (UK) LIMITED (REGISTERED NUMBER: 03808747)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JULY 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 743,326 655,091
Amounts owed by group undertakings 2,007,193 1,480,320
Other debtors 224,511 191,370
2,975,030 2,326,781

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 393,242 345,783
Taxation and social security 112,239 133,922
Other creditors 27,061 30,422
532,542 510,127

7. SECURED DEBTS

The company has granted a fixed charge to Natwest Bank over one specific investment property held by London Building Property Ltd.The balance on this loan at the year end was £269,179 (2023 : £281,094)

The company has also given a specific equitable charge over all freehold and leasehold properties and/or the proceeds of sale thereof fixed and floating charges over undertaking and all property and assets present and future including goodwill bookdebts and the benefits of any licences to Natwest Bank in respect of any liabilities it has to the bank.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
200 Ordinary A Shares £1 200 200
100 Ordinary B Shares £1 100 100
100 Ordinary C Shares £1 100 100
400 400

9. RELATED PARTY DISCLOSURES

At the year end, the company was owed £1,021,960 (2023 : £527,917) by London Building Equipment Holdings Ltd, and £985,232 (2023 : £952,402) by London Building Properties Ltd, a company also 100% owned by London Building Equipment Holdings Ltd.

10. ULTIMATE CONTROLLING PARTY

The controlling party is B C Lee.