Company registration number 07590429 (England and Wales)
LAST CONTRACTING LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
PAGES FOR FILING WITH REGISTRAR
LAST CONTRACTING LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
LAST CONTRACTING LIMITED (REGISTERED NUMBER: 07590429)
BALANCE SHEET
AS AT
30 APRIL 2024
30 April 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
80,346
117,386
Current assets
Debtors
4
391,132
386,538
Cash at bank and in hand
4,640
108,482
395,772
495,020
Creditors: amounts falling due within one year
5
(250,319)
(288,981)
Net current assets
145,453
206,039
Total assets less current liabilities
225,799
323,425
Creditors: amounts falling due after more than one year
6
(78,724)
(117,763)
Provisions for liabilities
(3,293)
(14,760)
Net assets
143,782
190,902
Capital and reserves
Called up share capital
2
2
Profit and loss reserves
143,780
190,900
Total equity
143,782
190,902

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

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

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

LAST CONTRACTING LIMITED (REGISTERED NUMBER: 07590429)
BALANCE SHEET (CONTINUED)
AS AT
30 APRIL 2024
30 April 2024
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 17 January 2025 and are signed on its behalf by:
Mrs T A Fisher
Director
LAST CONTRACTING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
- 3 -
1
Accounting policies
Company information

Last Contracting Limited is a private company limited by shares incorporated in England and Wales. The registered office is 48 Salmons Lane, Whyteleafe, Surrey, England, CR3 0AN.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

Atruet the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

 

Turnover from contracting services is recognised in the period in which the services are provided based on the work performed on an agreed rate.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and machinery
20% on reducing balance
Fixtures, fittings & equipment
25% on cost
Computer equipment
33% on cost
Motor vehicles
25% on reducing balance
Structural assets
25% on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

LAST CONTRACTING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
1
Accounting policies
(Continued)
- 4 -
1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

1.6
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.7
Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

 

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
7
7
LAST CONTRACTING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
- 5 -
3
Tangible fixed assets
Plant and machinery
Fixtures, fittings & equipment
Computer equipment
Motor vehicles
Structural assets
Total
£
£
£
£
£
£
Cost
At 1 May 2023
1,552
-
0
3,959
134,290
-
0
139,801
Additions
2,061
2,570
2,698
-
0
14,434
21,763
Disposals
-
0
-
0
(330)
(36,340)
-
0
(36,670)
At 30 April 2024
3,613
2,570
6,327
97,950
14,434
124,894
Depreciation and impairment
At 1 May 2023
846
-
0
2,227
19,342
-
0
22,415
Depreciation charged in the year
411
435
1,542
20,220
2,105
24,713
Eliminated in respect of disposals
-
0
-
0
(309)
(2,271)
-
0
(2,580)
At 30 April 2024
1,257
435
3,460
37,291
2,105
44,548
Carrying amount
At 30 April 2024
2,356
2,135
2,867
60,659
12,329
80,346
At 30 April 2023
706
-
0
1,732
114,948
-
0
117,386
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
109,072
28,681
Other debtors
282,060
357,857
391,132
386,538
5
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
5,882
5,882
Trade creditors
58,740
94,548
Taxation and social security
162,844
160,519
Other creditors
22,853
28,032
250,319
288,981
LAST CONTRACTING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
- 6 -
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
30,388
36,274
Other creditors
48,336
81,489
78,724
117,763
7
Financial commitments, guarantees and contingent liabilities

As at the balance sheet date, the balance due on the bounce back loan was £36,271 (2023: £42,156).

8
Directors' transactions

As at the balance sheet date, there was an overdrawn directors' loan account balance of £192,919 (2023: £83,834) including interest charged of £4,760 (2023: £1,469), this balance is included within other debtors.

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