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REGISTERED NUMBER: 08513457 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

LH Building Contractors Limited

LH Building Contractors Limited (Registered number: 08513457)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LH Building Contractors Limited

Company Information
for the Year Ended 31 May 2024







Director: L Holland





Registered office: 87a High Street
The Old Town
Hemel Hempstead
Hertfordshire
HP1 3AH





Registered number: 08513457 (England and Wales)





Accountants: Pinkham Blair
Chartered Accountants
87a High Street
The Old Town
Hemel Hempstead
Hertfordshire
HP1 3AH

LH Building Contractors Limited (Registered number: 08513457)

Balance Sheet
31 May 2024

2024 2023
Notes £ £ £ £
Fixed assets
Tangible assets 4 47,627 67,281

Current assets
Stocks 20,292 20,292
Debtors 5 242,857 339,588
Cash at bank - 27,658
263,149 387,538
Creditors
Amounts falling due within one year 6 219,200 242,201
Net current assets 43,949 145,337
Total assets less current liabilities 91,576 212,618

Creditors
Amounts falling due after more than
one year

7

(52,764

)

(62,390

)

Provisions for liabilities (6,502 ) (17,829 )
Net assets 32,310 132,399

LH Building Contractors Limited (Registered number: 08513457)

Balance Sheet - continued
31 May 2024

2024 2023
Notes £ £ £ £
Capital and reserves
Called up share capital 8 100 100
Retained earnings 32,210 132,299
Shareholders' funds 32,310 132,399

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 director acknowledges his 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.

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

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

The financial statements were approved by the director and authorised for issue on 26 February 2025 and were signed by:





L Holland - Director


LH Building Contractors Limited (Registered number: 08513457)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. Statutory information

LH Building Contractors 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.
Plant and machinery etc - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

LH Building Contractors Limited (Registered number: 08513457)

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

3. Employees and directors

The average number of employees during the year was 2 (2023 - 2 ) .

4. Tangible fixed assets
Plant and
machinery
etc
£
Cost
At 1 June 2023 77,218
Additions 33,485
Disposals (53,055 )
At 31 May 2024 57,648
Depreciation
At 1 June 2023 9,937
Charge for year 17,529
Eliminated on disposal (17,445 )
At 31 May 2024 10,021
Net book value
At 31 May 2024 47,627
At 31 May 2023 67,281

5. Debtors: amounts falling due within one year
2024 2023
£ £
Trade debtors - 42,725
Other debtors 242,857 296,863
242,857 339,588

6. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts 17,672 10,000
Hire purchase contracts 7,421 6,617
Trade creditors 28,793 76,208
Taxation and social security 165,314 149,376
219,200 242,201

LH Building Contractors Limited (Registered number: 08513457)

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

7. Creditors: amounts falling due after more than one year
2024 2023
£ £
Bank loans 13,333 23,333
Hire purchase contracts 39,431 39,057
52,764 62,390

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
100 Ordinary £1 100 100

9. Director's advances, credits and guarantees

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

2024 2023
£ £
L Holland
Balance outstanding at start of year 67,760 67,737
Amounts advanced 58,980 88,528
Amounts repaid (46,989 ) (88,505 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 79,751 67,760

The company charges interest on directors loan account debit balances at the applicable approved HMRC rates for beneficial loan arrangements.