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REGISTERED NUMBER: 06603880 (England and Wales)












Unaudited Financial Statements

For The Year Ended 31 May 2024

for

Lonsdale Contracts Limited

Lonsdale Contracts Limited (Registered number: 06603880)






Contents of the Financial Statements
For The Year Ended 31 May 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Lonsdale Contracts Limited

Company Information
For The Year Ended 31 May 2024







DIRECTORS: C L M Higgins
A J Mayo





SECRETARY: C L M Higgins





REGISTERED OFFICE: 6 Victoria Avenue
Harrogate
North Yorkshire
HG1 1ED





REGISTERED NUMBER: 06603880 (England and Wales)





ACCOUNTANTS: Xeinadin
6 Victoria Avenue
Harrogate
North Yorkshire
HG1 1ED

Lonsdale Contracts Limited (Registered number: 06603880)

Abridged Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 171,166 58,976

CURRENT ASSETS
Stocks 38,445 42,822
Debtors 398,058 515,029
Cash at bank 475,985 596,493
912,488 1,154,344
CREDITORS
Amounts falling due within one year 287,761 386,186
NET CURRENT ASSETS 624,727 768,158
TOTAL ASSETS LESS CURRENT
LIABILITIES

795,893

827,134

CREDITORS
Amounts falling due after more than one
year

(109,069

)

(48,622

)

PROVISIONS FOR LIABILITIES (42,792 ) (11,795 )
NET ASSETS 644,032 766,717

CAPITAL AND RESERVES
Called up share capital 208 208
Retained earnings 643,824 766,509
644,032 766,717

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Lonsdale Contracts Limited (Registered number: 06603880)

Abridged Balance Sheet - continued
31 May 2024


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 May 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 February 2025 and were signed on its behalf by:





C L M Higgins - Director


Lonsdale Contracts Limited (Registered number: 06603880)

Notes to the Financial Statements
For The Year Ended 31 May 2024

1. STATUTORY INFORMATION

Lonsdale Contracts Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost
Fixtures & equipment - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Lonsdale Contracts Limited (Registered number: 06603880)

Notes to the Financial Statements - continued
For The Year Ended 31 May 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 10 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2023 119,503
Additions 174,219
Disposals (25,633 )
At 31 May 2024 268,089
DEPRECIATION
At 1 June 2023 60,527
Charge for year 56,394
Eliminated on disposal (19,998 )
At 31 May 2024 96,923
NET BOOK VALUE
At 31 May 2024 171,166
At 31 May 2023 58,976

Lonsdale Contracts Limited (Registered number: 06603880)

Notes to the Financial Statements - continued
For The Year Ended 31 May 2024

5. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 155,669 49,409

HP liabilities are secured on the asset to which they relate.

6. OTHER FINANCIAL COMMITMENTS

The company had outstanding commitments in respect of operating leases as at 31 May 2024 of £129,111.

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 May 2024 and 31 May 2023:

2024 2023
£    £   
C L M Higgins
Balance outstanding at start of year 55,390 43,408
Amounts advanced 117,630 74,032
Amounts repaid (118,453 ) (62,050 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 54,567 55,390

A J Mayo
Balance outstanding at start of year 86,822 83,773
Amounts advanced 108,676 64,495
Amounts repaid (114,924 ) (61,446 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 80,574 86,822

There are no fixed repayment terms and no interest is charged on the directors' overdrawn loan account balances.