Labour 24/7 (Holdings) Limited 09978201 false 2023-04-30 2024-04-28 2024-04-28 The principal activity of the company is that of a holding company. Digita Accounts Production Advanced 6.30.9574.0 true 09978201 2023-04-30 2024-04-28 09978201 2024-04-28 09978201 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2024-04-28 09978201 core:CurrentFinancialInstruments 2024-04-28 09978201 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-28 09978201 core:Non-currentFinancialInstruments 2024-04-28 09978201 core:Non-currentFinancialInstruments core:AfterOneYear 2024-04-28 09978201 core:LandBuildings 2024-04-28 09978201 bus:SmallEntities 2023-04-30 2024-04-28 09978201 bus:AuditExemptWithAccountantsReport 2023-04-30 2024-04-28 09978201 bus:FilletedAccounts 2023-04-30 2024-04-28 09978201 bus:SmallCompaniesRegimeForAccounts 2023-04-30 2024-04-28 09978201 bus:RegisteredOffice 2023-04-30 2024-04-28 09978201 bus:Director2 2023-04-30 2024-04-28 09978201 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2023-04-30 2024-04-28 09978201 bus:PrivateLimitedCompanyLtd 2023-04-30 2024-04-28 09978201 core:Land 2023-04-30 2024-04-28 09978201 countries:EnglandWales 2023-04-30 2024-04-28 09978201 2023-04-29 09978201 core:LandBuildings 2023-04-29 09978201 2022-04-30 2023-04-29 09978201 2023-04-29 09978201 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2023-04-29 09978201 core:CurrentFinancialInstruments 2023-04-29 09978201 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-29 09978201 core:Non-currentFinancialInstruments 2023-04-29 09978201 core:Non-currentFinancialInstruments core:AfterOneYear 2023-04-29 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 09978201

Labour 24/7 (Holdings) Limited

Unaudited Filleted Financial Statements

for the Period from 30 April 2023 to 28 April 2024

 

Labour 24/7 (Holdings) Limited

Contents

Balance Sheet

1

Notes to the Financial Statements

2 to 5

 

Labour 24/7 (Holdings) Limited

(Registration number: 09978201)
Balance Sheet as at 28 April 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

203,016

203,016

Current assets

 

Cash at bank and in hand

 

6,284

11,138

Creditors: Amounts falling due within one year

5

(146,897)

(143,034)

Net current liabilities

 

(140,613)

(131,896)

Total assets less current liabilities

 

62,403

71,120

Creditors: Amounts falling due after more than one year

5

(33,319)

(41,850)

Net assets

 

29,084

29,270

Capital and reserves

 

Called up share capital

6

1,000

1,000

Retained earnings

28,084

28,270

Shareholders' funds

 

29,084

29,270

For the financial period ending 28 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 1 April 2025 and signed on its behalf by:
 

.........................................
Mr B Loughran
Director

 

Labour 24/7 (Holdings) Limited

Notes to the Financial Statements for the Period from 30 April 2023 to 28 April 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
130 Manchester Road
Kearsley
Bolton
BL4 8QR

These financial statements were authorised for issue by the Board on 1 April 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and 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.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

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.

 

Labour 24/7 (Holdings) Limited

Notes to the Financial Statements for the Period from 30 April 2023 to 28 April 2024

Depreciation

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:

Asset class

Depreciation method and rate

Land and buildings

Not depreciated

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade 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 using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2 (2023 - 2).

 

Labour 24/7 (Holdings) Limited

Notes to the Financial Statements for the Period from 30 April 2023 to 28 April 2024

4

Tangible assets

Land and buildings
£

Total
£

Cost

At 30 April 2023

203,016

203,016

At 28 April 2024

203,016

203,016

5

Creditors

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

7

15,143

16,445

Trade creditors

 

116,616

116,616

Taxation and social security

 

-

1,836

Accruals and deferred income

 

11,130

4,130

Other creditors

 

4,008

4,007

 

146,897

143,034

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

7

33,319

41,850

6

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

1,000

1,000

1,000

1,000

       
 

Labour 24/7 (Holdings) Limited

Notes to the Financial Statements for the Period from 30 April 2023 to 28 April 2024

7

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

33,319

41,850

Current loans and borrowings

2024
£

2023
£

Bank borrowings

10,836

9,974

Other borrowings

4,307

6,471

15,143

16,445