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REGISTERED NUMBER: 09651472 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2024

FOR

LEB CONSTRUCTION LIMITED

LEB CONSTRUCTION LIMITED (REGISTERED NUMBER: 09651472)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


LEB CONSTRUCTION LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH JUNE 2024







DIRECTOR: L E Baker





REGISTERED OFFICE: 8b Glan Yr Afon Industrial Estate
Llanbadarn Fawr
Aberystywth
Ceredigion
SY23 3JQ





REGISTERED NUMBER: 09651472 (England and Wales)

LEB CONSTRUCTION LIMITED (REGISTERED NUMBER: 09651472)

ABRIDGED BALANCE SHEET
30TH JUNE 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 317,089 353,939
Investments 5 74,990 32,000
392,079 385,939

CURRENT ASSETS
Stocks 290,657 157,919
Debtors 6 625,739 494,075
Cash at bank 233,338 789,354
1,149,734 1,441,348
CREDITORS
Amounts falling due within one year 433,019 538,386
NET CURRENT ASSETS 716,715 902,962
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,108,794

1,288,901

CREDITORS
Amounts falling due after more than one
year

(229,676

)

(362,805

)

PROVISIONS FOR LIABILITIES (28,000 ) (28,000 )
NET ASSETS 851,118 898,096

CAPITAL AND RESERVES
Called up share capital 120 120
Retained earnings 850,998 897,976
SHAREHOLDERS' FUNDS 851,118 898,096

LEB CONSTRUCTION LIMITED (REGISTERED NUMBER: 09651472)

ABRIDGED BALANCE SHEET - continued
30TH JUNE 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30th June 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 30th October 2024 and were signed by:





L E Baker - Director


LEB CONSTRUCTION LIMITED (REGISTERED NUMBER: 09651472)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024

1. STATUTORY INFORMATION

LEB Construction 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Land and Buildings - Depreciation has not been provided on the land and buildings during the year because the director believes that the market value of the asset is accurately reflected in the accounts.

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

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 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.


LEB CONSTRUCTION LIMITED (REGISTERED NUMBER: 09651472)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 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.

Going concern basis of accounting
The accounts have been prepared on the assumption that the company is able to carry on business as a going concern, which the director considers appropriate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2023 - 29 ) .

4. TANGIBLE FIXED ASSETS
Totals
£
COST
At 1st July 2023
and 30th June 2024 478,880
DEPRECIATION
At 1st July 2023 124,941
Charge for year 36,850
At 30th June 2024 161,791
NET BOOK VALUE
At 30th June 2024 317,089
At 30th June 2023 353,939

LEB CONSTRUCTION LIMITED (REGISTERED NUMBER: 09651472)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2024

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£
COST OR VALUATION
At 1st July 2023 32,000
Additions 36,000
Revaluations 6,990
At 30th June 2024 74,990
NET BOOK VALUE
At 30th June 2024 74,990
At 30th June 2023 32,000

Cost or valuation at 30th June 2024 is represented by:
Totals
£
Valuation in 2024 74,990

6. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£ £
Other debtors 81,492 38,265

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30th June 2024 and 30th June 2023:

2024 2023
£ £
L E Baker
Balance outstanding at start of year 117,739 117,739
Amounts advanced 128,079 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 245,818 117,739

LEB CONSTRUCTION LIMITED (REGISTERED NUMBER: 09651472)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2024

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES - continued

Interest is charged at 2.25%.