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Company Registration No. 9929255 (England and Wales)
L B PLASTERING LIMITED Unaudited accounts for the year ended 31 December 2024
L B PLASTERING LIMITED Unaudited accounts Contents
Page
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L B PLASTERING LIMITED Company Information for the year ended 31 December 2024
Director
Mr L Barnard
Company Number
9929255 (England and Wales)
Registered Office
Unit 2, Harbour Road Lowestoft NR32 3RF
Accountants
P Lacey & Associates Ltd Office 17 2 Regent House Lowestoft NR32 1PA
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L B PLASTERING LIMITED Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
19,235 
22,628 
Current assets
Debtors
23,564 
21,058 
Cash at bank and in hand
- 
30,260 
23,564 
51,318 
Creditors: amounts falling due within one year
(10,244)
(14,767)
Net current assets
13,320 
36,551 
Total assets less current liabilities
32,555 
59,179 
Creditors: amounts falling due after more than one year
(34,079)
(48,580)
Net (liabilities)/assets
(1,524)
10,599 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(1,526)
10,597 
Shareholders' funds
(1,524)
10,599 
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 20 February 2025 and were signed on its behalf by
Mr L Barnard Director Company Registration No. 9929255
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L B PLASTERING LIMITED Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
L B PLASTERING LIMITED is a private company, limited by shares, registered in England and Wales, registration number 9929255. The registered office is Unit 2, Harbour Road, Lowestoft, NR32 3RF.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% reducing balance
Motor vehicles
15% reducing balance
Fixtures & fittings
15% reducing balance
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2024
2,241 
46,428 
376 
49,045 
At 31 December 2024
2,241 
46,428 
376 
49,045 
Depreciation
At 1 January 2024
1,332 
24,851 
234 
26,417 
Charge for the year
136 
3,236 
21 
3,393 
At 31 December 2024
1,468 
28,087 
255 
29,810 
Net book value
At 31 December 2024
773 
18,341 
121 
19,235 
At 31 December 2023
909 
21,577 
142 
22,628 
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L B PLASTERING LIMITED Notes to the Accounts for the year ended 31 December 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
5,542 
1,244 
Other debtors
18,022 
19,814 
23,564 
21,058 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
2,312 
- 
VAT
3,441 
6,857 
Taxes and social security
3,816 
7,235 
Accruals
675 
675 
10,244 
14,767 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
19,163 
23,380 
Obligations under finance leases and hire purchase contracts
3,564 
7,583 
Taxes and social security
11,352 
17,617 
34,079 
48,580 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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