1 1 Leaker's Removals & Containerised Storage Limited 04661880 false 2023-05-01 2024-04-30 2024-04-30 The principal activity of the company is Keysafe and containerised storage Digita Accounts Production Advanced 6.30.9574.0 true 04661880 2023-05-01 2024-04-30 04661880 2024-04-30 04661880 core:RetainedEarningsAccumulatedLosses 2024-04-30 04661880 core:ShareCapital 2024-04-30 04661880 core:CurrentFinancialInstruments 2024-04-30 04661880 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 04661880 core:FurnitureFittingsToolsEquipment 2024-04-30 04661880 core:OtherPropertyPlantEquipment 2024-04-30 04661880 bus:SmallEntities 2023-05-01 2024-04-30 04661880 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 04661880 bus:FilletedAccounts 2023-05-01 2024-04-30 04661880 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 04661880 bus:RegisteredOffice 2023-05-01 2024-04-30 04661880 bus:CompanySecretaryDirector1 2023-05-01 2024-04-30 04661880 bus:Director2 2023-05-01 2024-04-30 04661880 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 04661880 core:FurnitureFittingsToolsEquipment 2023-05-01 2024-04-30 04661880 core:OtherPropertyPlantEquipment 2023-05-01 2024-04-30 04661880 core:PlantMachinery 2023-05-01 2024-04-30 04661880 countries:EnglandWales 2023-05-01 2024-04-30 04661880 2023-04-30 04661880 core:FurnitureFittingsToolsEquipment 2023-04-30 04661880 core:OtherPropertyPlantEquipment 2023-04-30 04661880 2022-05-01 2023-04-30 04661880 2023-04-30 04661880 core:RetainedEarningsAccumulatedLosses 2023-04-30 04661880 core:ShareCapital 2023-04-30 04661880 core:CurrentFinancialInstruments 2023-04-30 04661880 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 04661880 core:FurnitureFittingsToolsEquipment 2023-04-30 04661880 core:OtherPropertyPlantEquipment 2023-04-30 xbrli:pure iso4217:GBP

Registration number: 04661880

Leaker's Removals & Containerised Storage Limited

Unaudited Financial Statements

for the Year Ended 30 April 2024

 

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Company Information

Directors

T L Keddy

L K Keddy

Company secretary

T L Keddy

Registered office

Unit 1a Brue Way
Walrow Industrial Estate
Highbridge
Somerset
TA9 4AW

Accountants

Four Fifty Partnership
Chartered Accountants
34 Boulevard
Weston-super-Mare
 Somerset
BS23 1NF

 

(Registration number: 04661880)
Balance Sheet as at 30 April 2024

Note

2024
£

(As restated)

2023
£

Fixed assets

 

Tangible assets

4

25,264

30,097

Current assets

 

Stocks

5

2,340

2,646

Debtors

6

76,566

62,498

Cash at bank and in hand

 

7,109

14,559

 

86,015

79,703

Creditors: Amounts falling due within one year

7

(102,436)

(99,789)

Net current liabilities

 

(16,421)

(20,086)

Total assets less current liabilities

 

8,843

10,011

Provisions for liabilities

(3,389)

(5,858)

Net assets

 

5,454

4,153

Capital and reserves

 

Called up share capital

1,000

1,000

Retained earnings

4,454

3,153

Shareholders' funds

 

5,454

4,153

For the financial year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

 

(Registration number: 04661880)
Balance Sheet as at 30 April 2024

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 31 January 2025 and signed on its behalf by:
 

.........................................
T L Keddy
Company secretary and director

 

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentation currency of the financial statements is Pound Sterling (£). All monetary amounts are rounded to the nearest £.

Prior period errors

On review of this year's financial statements it was identified that a loan was overtstated in short term and long term creditors. This caused administrative expenses to be overstated in the Profit & Loss Account. A prior year adjusment has been made to correct this error.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Also included within turnover is rental income and service charges from property owned by the company. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

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

2

Accounting policies (continued)

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Other property, plant and equipment

20% on reducing balance

Furniture, fittings and equipment

20% on reducing balance and 20% on cost

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method, after making due allowance for obsolete and slow moving stock.

 

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

2

Accounting policies (continued)

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Defined contribution pension obligation

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,

Financial instruments

Classification
Financial instruments are classified and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities, or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company.
 

3

Staff numbers

The average number of persons employed by the company (excluding directors) during the year, was 1 (2023 - 1).

 

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

4

Tangible assets

Furniture, fittings and equipment
 £

Other property, plant and equipment
 £

Total
£

Cost or valuation

At 1 May 2023

8,484

225,169

233,653

Additions

878

1,360

2,238

Disposals

(2,191)

(2,873)

(5,064)

At 30 April 2024

7,171

223,656

230,827

Depreciation

At 1 May 2023

6,385

197,171

203,556

Charge for the year

663

5,865

6,528

Eliminated on disposal

(1,682)

(2,839)

(4,521)

At 30 April 2024

5,366

200,197

205,563

Carrying amount

At 30 April 2024

1,805

23,459

25,264

At 30 April 2023

2,099

27,998

30,097

5

Stocks

2024
£

2023
£

Closing stock

2,340

2,646

6

Debtors

Current

2024
£

2023
£

Trade debtors

46,922

39,312

Prepayments

29,644

23,186

 

76,566

62,498

 

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

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

(As restated)

2023
£

Due within one year

 

Loans and borrowings

5,981

-

Trade creditors

 

28,529

31,619

Taxation and social security

 

26,735

20,936

Accruals and deferred income

 

37,374

33,066

Other creditors

 

3,817

14,168

 

102,436

99,789