IRIS Accounts Production v24.3.2.46 02154443 director 1.7.23 30.6.24 30.6.24 false true false false true false Ordinary 1.00000 'B' Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh021544432023-06-30021544432024-06-30021544432023-07-012024-06-30021544432022-06-30021544432022-07-012023-06-30021544432023-06-3002154443ns15:EnglandWales2023-07-012024-06-3002154443ns14:PoundSterling2023-07-012024-06-3002154443ns10:Director12023-07-012024-06-3002154443ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3002154443ns10:SmallEntities2023-07-012024-06-3002154443ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-3002154443ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3002154443ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3002154443ns10:FullAccounts2023-07-012024-06-3002154443ns10:OrdinaryShareClass12023-07-012024-06-3002154443ns10:OrdinaryShareClass22023-07-012024-06-3002154443ns10:CompanySecretary12023-07-012024-06-3002154443ns10:RegisteredOffice2023-07-012024-06-3002154443ns5:CurrentFinancialInstruments2024-06-3002154443ns5:CurrentFinancialInstruments2023-06-3002154443ns5:ShareCapital2024-06-3002154443ns5:ShareCapital2023-06-3002154443ns5:CapitalRedemptionReserve2024-06-3002154443ns5:CapitalRedemptionReserve2023-06-3002154443ns5:RetainedEarningsAccumulatedLosses2024-06-3002154443ns5:RetainedEarningsAccumulatedLosses2023-06-3002154443ns5:PlantMachinery2023-07-012024-06-3002154443ns5:MotorVehicles2023-07-012024-06-3002154443ns5:ComputerEquipment2023-07-012024-06-3002154443ns5:PlantMachinery2023-06-3002154443ns5:MotorVehicles2023-06-3002154443ns5:ComputerEquipment2023-06-3002154443ns5:PlantMachinery2024-06-3002154443ns5:MotorVehicles2024-06-3002154443ns5:ComputerEquipment2024-06-3002154443ns5:PlantMachinery2023-06-3002154443ns5:MotorVehicles2023-06-3002154443ns5:ComputerEquipment2023-06-3002154443ns5:WithinOneYearns5:CurrentFinancialInstruments2024-06-3002154443ns5:WithinOneYearns5:CurrentFinancialInstruments2023-06-3002154443ns10:OrdinaryShareClass12024-06-3002154443ns10:OrdinaryShareClass22024-06-30021544431ns10:Director12023-06-30021544431ns10:Director12022-06-30021544431ns10:Director12023-07-012024-06-30021544431ns10:Director12022-07-012023-06-30021544431ns10:Director12024-06-30021544431ns10:Director12023-06-30
REGISTERED NUMBER: 02154443 (England and Wales)












Financial Statements

for the Year Ended 30th June 2024

for

LEASIDE TURNED PARTS LIMITED

LEASIDE TURNED PARTS LIMITED (REGISTERED NUMBER: 02154443)

Contents of the Financial Statements
for the year ended 30th June 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LEASIDE TURNED PARTS LIMITED

Company Information
for the year ended 30th June 2024







DIRECTOR: C Capodici



SECRETARY: T Capodici



REGISTERED OFFICE: Marsh Lane
Ware
Hertfordshire
SG12 9QQ



REGISTERED NUMBER: 02154443 (England and Wales)



ACCOUNTANTS: Attenboroughs (Accountants) Limited
Chartered Certified Accountants
1 Tower House
Tower Centre
Hoddesdon
Hertfordshire
EN11 8UR



BANKERS: Santander
Bridle Road
Bootle
Merseyside
GIR 0AA

LEASIDE TURNED PARTS LIMITED (REGISTERED NUMBER: 02154443)

Balance Sheet
30th June 2024

30/6/24 30/6/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 138,261 113,881

CURRENT ASSETS
Stocks 97,786 173,801
Debtors 5 465,462 190,490
Cash at bank and in hand 469,934 651,738
1,033,182 1,016,029
CREDITORS
Amounts falling due within one year 6 221,957 217,471
NET CURRENT ASSETS 811,225 798,558
TOTAL ASSETS LESS CURRENT
LIABILITIES

949,486

912,439

PROVISIONS FOR LIABILITIES 34,565 21,637
NET ASSETS 914,921 890,802

CAPITAL AND RESERVES
Called up share capital 7 130 130
Capital redemption reserve 70 70
Retained earnings 914,721 890,602
SHAREHOLDERS' FUNDS 914,921 890,802

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.

LEASIDE TURNED PARTS LIMITED (REGISTERED NUMBER: 02154443)

Balance Sheet - continued
30th June 2024


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 10th March 2025 and were signed by:





C Capodici - Director


LEASIDE TURNED PARTS LIMITED (REGISTERED NUMBER: 02154443)

Notes to the Financial Statements
for the year ended 30th June 2024


1. STATUTORY INFORMATION

LEASIDE TURNED PARTS 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 - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value. Cost is computed on a first in first out basis. Net realisable value is based on estimated selling price less the estimated cost of disposal.

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.

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.

LEASIDE TURNED PARTS LIMITED (REGISTERED NUMBER: 02154443)

Notes to the Financial Statements - continued
for the year ended 30th June 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 13 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1st July 2023 851,944 14,234 39,202 905,380
Additions - 57,327 1,686 59,013
At 30th June 2024 851,944 71,561 40,888 964,393
DEPRECIATION
At 1st July 2023 742,594 13,165 35,740 791,499
Charge for year 21,870 11,733 1,030 34,633
At 30th June 2024 764,464 24,898 36,770 826,132
NET BOOK VALUE
At 30th June 2024 87,480 46,663 4,118 138,261
At 30th June 2023 109,350 1,069 3,462 113,881

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/24 30/6/23
£    £   
Trade debtors 213,250 171,288
Other debtors 1,191 -
Related company - Leaside Turned Parts
Holdings Ltd

24,629

16,212
Directors' current accounts 217,957 -
Prepayments 8,435 2,990
465,462 190,490

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/24 30/6/23
£    £   
Trade creditors 24,143 18,427
Tax 136,987 141,186
Social security and other taxes 2,043 2,978
VAT 52,102 42,879
Other creditors 2,167 3,159
Directors' current accounts - 4,327
Accrued expenses 4,515 4,515
221,957 217,471

LEASIDE TURNED PARTS LIMITED (REGISTERED NUMBER: 02154443)

Notes to the Financial Statements - continued
for the year ended 30th June 2024


7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30/6/24 30/6/23
value: £    £   
30 Ordinary £1 30 30
100 'B' Ordinary £1 100 100
130 130

8. 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:

30/6/24 30/6/23
£    £   
C Capodici
Balance outstanding at start of year - -
Amounts advanced 217,957 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 217,957 -

9. ULTIMATE CONTROLLING PARTY

The controlling party is C Capodici.