Registration number:
Lodge Resource Management Limited
for the Year Ended 30 March 2024
Lodge Resource Management Limited
Contents
Balance Sheet |
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Notes to the Unaudited Financial Statements |
Lodge Resource Management Limited
(Registration number: 07991230)
Balance Sheet as at 30 March 2024
Note |
2024 |
2023 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Debtors |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current liabilities |
( |
( |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
( |
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Provisions for liabilities |
( |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
6 |
6 |
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Other reserves |
200,000 |
200,000 |
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Profit and loss account |
255,804 |
261,416 |
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Shareholders' funds |
455,810 |
461,422 |
For the financial year ending 30 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
• |
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• |
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
Lodge Resource Management Limited
(Registration number: 07991230)
Balance Sheet as at 30 March 2024
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
These financial statements, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A Small Entities, were approved and authorised for issue by the
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Director
Lodge Resource Management Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 March 2024
Accounting policies |
Lodge Resource Management Limited is a private company, limited by shares, domiciled in England and Wales, company number 07991230. The registered office is at
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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
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 is United Kingdom pounds sterling, which is the functional currency of the company. The financial statements are those of an individual entity.
Going concern
After due consideration of all relevant factors, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the forseeable future. Accordingly, they continue to adopt the going concern basis in preparing the annual report and accounts.
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. Turnover is shown net of sales/value added tax, returns, rebates and discounts. Revenue is recognised at the invoice date.
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 |
Land and buildings |
Not depreciated |
Motor vehicles |
20% reducing balance |
Slurry Lagoon |
5% straight line |
Plant and machinery |
20% reducing balance |
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Lodge Resource Management Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 March 2024
Tangible assets |
Land and buildings |
Lagoon |
Plant and machinery |
Motor vehicles |
Total |
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Cost or valuation |
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At 31 March 2023 |
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Additions |
- |
- |
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- |
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Disposals |
- |
- |
( |
- |
( |
At 30 March 2024 |
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|
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Depreciation |
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At 31 March 2023 |
- |
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Charge for the year |
- |
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Eliminated on disposal |
- |
- |
( |
- |
( |
At 30 March 2024 |
- |
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Carrying amount |
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At 30 March 2024 |
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At 30 March 2023 |
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Lodge Resource Management Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 March 2024
Debtors |
2024 |
2023 |
|
Trade debtors |
|
|
Other debtors |
6 |
6 |
VAT |
- |
5,971 |
Corporation tax |
- |
2,280 |
34,740 |
34,607 |
Creditors |
2024 |
2023 |
|
Due within one year |
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Bank borrowings |
10,000 |
31,268 |
Bank overdrafts |
33,973 |
20,061 |
HP and finance lease liabilities |
86,484 |
81,890 |
Trade creditors |
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Directors' loan accounts |
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Social security and other taxes |
|
- |
Accrued expenses |
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Due after one year |
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Bank borrowings |
15,780 |
25,668 |
HP and finance lease liabilities |
212,961 |
222,830 |
228,741 |
248,498 |
Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £299,445 (2023 - £304,720).