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LJP HOME IMPROVEMENTS LTD

Registered Number
13278836
(England and Wales)

Unaudited Financial Statements for the Year ended
31 August 2024

LJP HOME IMPROVEMENTS LTD
Company Information
for the year from 1 September 2023 to 31 August 2024

Director

Mr Liam Penn

Registered Address

Unit 3 Upp Hall Farm
Salmons Lane
Colchester
CO6 1RY

Place of Business

378 St Johns Road

Clacton, Essex

CO16 8DU


Registered Number

13278836 (England and Wales)
LJP HOME IMPROVEMENTS LTD
Balance Sheet as at
31 August 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets315,0254,064
15,0254,064
Current assets
Debtors48,74529,610
Cash at bank and on hand17,039360
25,78429,970
Creditors amounts falling due within one year5(35,651)(33,925)
Net current assets (liabilities)(9,867)(3,955)
Total assets less current liabilities5,158109
Net assets5,158109
Capital and reserves
Called up share capital100100
Profit and loss account5,0589
Shareholders' funds5,158109
The financial statements were approved and authorised for issue by the Director on 14 March 2025, and are signed on its behalf by:
Mr Liam Penn
Director
Registered Company No. 13278836
LJP HOME IMPROVEMENTS LTD
Notes to the Financial Statements
for the year ended 31 August 2024

1.Accounting policies
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Going concern
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.
Turnover policy
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. The company recognises revenue when: The amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Tangible fixed assets and depreciation
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 is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:-

Straight line (years)
Plant and machinery4
Vehicles5
Office Equipment3
Trade and other debtors
Trade debtors are amounts due from customers for services performed in the ordinary course of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less. Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.
Trade and other creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities. Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost.
Share capital
Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.
2.Average number of employees

20242023
Average number of employees during the year11
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 September 235,773
Additions15,191
At 31 August 2420,964
Depreciation and impairment
At 01 September 231,709
Charge for year4,230
At 31 August 245,939
Net book value
At 31 August 2415,025
At 31 August 234,064
4.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables-19,500
Other debtors5,6372,668
Prepayments and accrued income3,1087,442
Total8,74529,610
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables9,785668
Taxation and social security14,25315,518
Other creditors11,61317,739
Total35,65133,925
6.Share capital
The company has 100 ordinary shares of £1 each in issue. There have been no changes during the year.