Company Registration No. 07092334 (England and Wales)
L T Controls Ltd
Unaudited accounts
for the year ended 31 December 2024
L T Controls Ltd
Unaudited accounts
Contents
L T Controls Ltd
Company Information
for the year ended 31 December 2024
Company Number
07092334 (England and Wales)
Registered Office
Moreton House
31 High Street
Buckingham
MK18 1NU
UK
Accountants
Anthistle Craven
Moreton House
31 High Street
Buckingham
Bucks
MK18 1NU
L T Controls Ltd
Statement of financial position
as at 31 December 2024
Tangible assets
1,773
1,265
Cash at bank and in hand
17,228
20,998
Creditors: amounts falling due within one year
(27,143)
(39,443)
Net current liabilities
(423)
(891)
Total assets less current liabilities
1,350
374
Provisions for liabilities
Called up share capital
20
20
Profit and loss account
992
113
Shareholders' funds
1,012
133
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 1 March 2025 and were signed on its behalf by
Mr L F Wigram
Director
Company Registration No. 07092334
L T Controls Ltd
Notes to the Accounts
for the year ended 31 December 2024
L T Controls Ltd is a private company, limited by shares, registered in England and Wales, registration number 07092334. The registered office is Moreton House, 31 High Street, Buckingham, MK18 1NU, UK.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
L T Controls Ltd
Notes to the Accounts
for the year ended 31 December 2024
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 January 2024
11,949
137
242
5,266
17,594
At 31 December 2024
11,949
137
242
6,265
18,593
At 1 January 2024
11,732
135
202
4,260
16,329
Charge for the year
55
1
10
425
491
At 31 December 2024
11,787
136
212
4,685
16,820
At 31 December 2024
162
1
30
1,580
1,773
At 31 December 2023
217
2
40
1,006
1,265
Amounts falling due within one year
Trade debtors
9,295
17,378
Accrued income and prepayments
197
176
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
6,779
8,926
Loans from directors
20,364
30,517
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Average number of employees
During the year the average number of employees was 1 (2023: 1).