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REGISTERED NUMBER: 10045870 (England and Wales)















Unaudited Financial Statements

for the Period 1 April 2024 to 31 December 2024

for

London Asbestos Removals Limited

London Asbestos Removals Limited (Registered number: 10045870)






Contents of the Financial Statements
for the Period 1 April 2024 to 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


London Asbestos Removals Limited

Company Information
for the Period 1 April 2024 to 31 December 2024







DIRECTORS: Mr J W Seeds
Mr B Stoughton





REGISTERED OFFICE: Broom House
39/43 London Road
Hadleigh
Benfleet
Essex
SS7 2QL





REGISTERED NUMBER: 10045870 (England and Wales)





ACCOUNTANTS: BPSL
Brooms Professional Services Limited
Chartered Certified Accountants
Broom House
39/43 London Road
Hadleigh, Benfleet
Essex
SS7 2QL

London Asbestos Removals Limited (Registered number: 10045870)

Balance Sheet
31 December 2024

31.12.24 31.3.24
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 185,514 12,004

CURRENT ASSETS
Debtors 5 143,596 11,500
Cash at bank and in hand 3,813 946
147,409 12,446
CREDITORS
Amounts falling due within one year 6 329,247 56,851
NET CURRENT LIABILITIES (181,838 ) (44,405 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,676

(32,401

)

CREDITORS
Amounts falling due after more than one
year

7

3,000

3,501
NET ASSETS/(LIABILITIES) 676 (35,902 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 576 (36,002 )
676 (35,902 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

London Asbestos Removals Limited (Registered number: 10045870)

Balance Sheet - continued
31 December 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 Board of Directors and authorised for issue on 24 March 2025 and were signed on its behalf by:





Mr J W Seeds - Director


London Asbestos Removals Limited (Registered number: 10045870)

Notes to the Financial Statements
for the Period 1 April 2024 to 31 December 2024

1. STATUTORY INFORMATION

London Asbestos Removals 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.

Taxation
Taxation for the period 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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2024 - 3 ) .

London Asbestos Removals Limited (Registered number: 10045870)

Notes to the Financial Statements - continued
for the Period 1 April 2024 to 31 December 2024

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Equipment Totals
£    £    £    £   
COST
At 1 April 2024 24,264 9,500 1,099 34,863
Additions 137,360 46,500 4,687 188,547
Disposals - (9,500 ) (1,099 ) (10,599 )
At 31 December 2024 161,624 46,500 4,687 212,811
DEPRECIATION
At 1 April 2024 16,160 5,700 999 22,859
Charge for period 9,431 1,550 156 11,137
Eliminated on disposal - (5,700 ) (999 ) (6,699 )
At 31 December 2024 25,591 1,550 156 27,297
NET BOOK VALUE
At 31 December 2024 136,033 44,950 4,531 185,514
At 31 March 2024 8,104 3,800 100 12,004

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.3.24
£    £   
Trade debtors 13,596 1,500
Prepayments and accrued income 130,000 10,000
143,596 11,500

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.3.24
£    £   
Bank loans and overdrafts 1,251 3,000
Hire purchase contracts - 1,093
Trade creditors 24,811 15,088
Social security and other taxes 16,856 16,199
VAT 2,242 1,534
Other creditors 86,275 17,788
Directors' current accounts 195,812 299
Accrued expenses 2,000 1,850
329,247 56,851

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.3.24
£    £   
Bank loans - 2-5 years 3,000 3,501