1 December 2023 false No description of principal activity Taxfiler 2024.6 SC351498business:PrivateLimitedCompanyLtd2023-12-012024-11-30 SC3514982023-11-30 SC3514982023-12-012024-11-30 SC351498business:AuditExemptWithAccountantsReport2023-12-012024-11-30 SC351498business:AbridgedAccounts2023-12-012024-11-30 SC3514982024-11-30 SC351498business:Director12023-12-012024-11-30 SC351498business:Director22023-12-012024-11-30 SC351498business:CompanySecretary12023-12-012024-11-30 SC351498business:RegisteredOffice2023-12-012024-11-30 SC3514982023-11-30 SC351498core:WithinOneYear2024-11-30 SC351498core:WithinOneYear2023-11-30 SC351498core:AfterOneYear2024-11-30 SC351498core:AfterOneYear2023-11-30 SC351498core:ShareCapitalcore:PreviouslyStatedAmount2024-11-30 SC351498core:ShareCapitalcore:PreviouslyStatedAmount2023-11-30 SC351498core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-11-30 SC351498core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-11-30 SC351498core:PreviouslyStatedAmount2024-11-30 SC351498core:PreviouslyStatedAmount2023-11-30 SC351498business:SmallEntities2023-12-012024-11-30 SC351498countries:Scotland2023-12-012024-11-30 SC351498core:PlantMachinery2023-12-012024-11-30 SC351498core:MotorVehicles2023-12-012024-11-30 SC351498core:FurnitureFittings2023-12-012024-11-30 SC3514982022-12-012023-11-30 iso4217:GBP xbrli:pure
Company Registration No. SC351498 (Scotland)
L & H Commercials Ltd Unaudited accounts for the year ended 30 November 2024
L & H Commercials Ltd Unaudited accounts Contents
Page
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L & H Commercials Ltd Company Information for the year ended 30 November 2024
Directors
L Anderson H Anderson
Secretary
H Anderson
Company Number
SC351498 (Scotland)
Registered Office
20 Station Road Ardersier Inverness-Shire IV2 7ST
Accountants
CMM Accountancy (Inverness) Limited The Green House Beechwood Business Park North Inverness IV2 3BL
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L & H Commercials Ltd Statement of financial position as at 30 November 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
12,155 
8,092 
Current assets
Inventories
3,500 
2,325 
Debtors
18,966 
15,674 
Cash at bank and in hand
13,614 
19,990 
36,080 
37,989 
Creditors: amounts falling due within one year
(34,772)
(25,212)
Net current assets
1,308 
12,777 
Total assets less current liabilities
13,463 
20,869 
Creditors: amounts falling due after more than one year
(1,500)
(4,500)
Provisions for liabilities
Deferred tax
(2,309)
(1,537)
Net assets
9,654 
14,832 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
9,652 
14,830 
Shareholders' funds
9,654 
14,832 
For the year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 16 April 2025 and were signed on its behalf by
L Anderson Director Company Registration No. SC351498
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L & H Commercials Ltd Notes to the Accounts for the year ended 30 November 2024
1
Statutory information
L & H Commercials Ltd is a private company, limited by shares, registered in Scotland, registration number SC351498. The registered office is 20 Station Road, Ardersier, Inverness-Shire, IV2 7ST.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% straight line
Motor vehicles
25% reducing balance
Fixtures & fittings
25% straight line
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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L & H Commercials Ltd Notes to the Accounts for the year ended 30 November 2024
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 December 2023
28,707 
Additions
8,693 
Disposals
(2,850)
At 30 November 2024
34,550 
Depreciation
At 1 December 2023
20,615 
Charge for the year
3,440 
On disposals
(1,660)
At 30 November 2024
22,395 
Net book value
At 30 November 2024
12,155 
At 30 November 2023
8,092 
5
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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