Company registration number 14130167 (England and Wales)
LAST CONTRACTING FM LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024
PAGES FOR FILING WITH REGISTRAR
LAST CONTRACTING FM LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
LAST CONTRACTING FM LIMITED (REGISTERED NUMBER: 14130167)
BALANCE SHEET
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
201
268
Current assets
Debtors
4
10,455
4,149
Cash at bank and in hand
4,074
2,383
14,529
6,532
Creditors: amounts falling due within one year
5
(12,862)
(5,108)
Net current assets
1,667
1,424
Total assets less current liabilities
1,868
1,692
Provisions for liabilities
(38)
(51)
Net assets
1,830
1,641
Capital and reserves
Called up share capital
6
100
100
Profit and loss reserves
1,730
1,541
Total equity
1,830
1,641
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 31 May 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.
The financial statements were approved by the board of directors and authorised for issue on 20 February 2025 and are signed on its behalf by:
Mrs R Bliss
Director
LAST CONTRACTING FM LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024
- 2 -
1
Accounting policies
Company information
Last Contracting FM 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 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 equipment
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.
1.5
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
LAST CONTRACTING FM LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2024
1
Accounting policies
(Continued)
- 3 -
1.6
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
4
4
3
Tangible fixed assets
Plant and equipment
£
Cost
At 1 June 2023 and 31 May 2024
299
Depreciation and impairment
At 1 June 2023
31
Depreciation charged in the year
67
At 31 May 2024
98
Carrying amount
At 31 May 2024
201
At 31 May 2023
268
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
10,455
1,860
Other debtors
2,289
10,455
4,149
LAST CONTRACTING FM LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2024
- 4 -
5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
3,381
207
Taxation and social security
3,038
2,485
Other creditors
6,443
2,416
12,862
5,108
6
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary A shares of £1 each
50
50
50
50
Ordinary B shares of £1 each
25
25
25
25
Ordinary C shares of £1 each
25
25
25
25
100
100
100
100