Registration number:
Luke Flint Building Services Limited
for the Year Ended 31 May 2024
Luke Flint Building Services Limited
(Registration number: 09578118)
Balance Sheet as at 31 May 2024
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2024 |
2023 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current assets |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Retained earnings |
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Shareholders' funds |
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For the financial year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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The director acknowledges his 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 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 Director's Report and 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
Luke Flint Building Services Limited
Notes to the Financial Statements for the Year Ended 31 May 2024
Accounting policies |
Statutory information
Luke Flint Building Services Limited is a private company, limited by shares, domiciled in England and Wales, company number 09578118. The registered office is at 122 Northern Avenue, Sheffield, S2 2EH.
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.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the 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 and after eliminating sales within the company. Revenue is recognised at the point of service delivery to customers.
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 over their estimed useful lives, as follows:
Asset class |
Depreciation method and rate |
Motor vehicles |
20% straight line basis |
Luke Flint Building Services Limited
Notes to the Financial Statements for the Year Ended 31 May 2024 (continued)
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Accounting policies (continued) |
Stocks
Stock is valued at the lower of cost and net realiseable value.
Financial instruments
Staff numbers |
The average number of persons employed by the company (including the director) during the year, was
Tangible assets |
Motor vehicles |
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Cost |
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At 1 June 2023 |
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At 31 May 2024 |
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Depreciation |
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At 1 June 2023 |
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Charge for the year |
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At 31 May 2024 |
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Carrying amount |
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At 31 May 2024 |
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At 31 May 2023 |
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Luke Flint Building Services Limited
Notes to the Financial Statements for the Year Ended 31 May 2024 (continued)
Debtors |
2024 |
2023 |
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Trade debtors |
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Other debtors |
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Creditors |
2024 |
2023 |
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Due within one year |
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Trade creditors |
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Taxation and social security |
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Other creditors |
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Accruals |
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Related party transactions |
During the year the director had an interest free loan account with the company. At the year end the amount owed to the company was £9,953 (2023 £3,954).