2023-11-012024-10-312024-10-31false04942106LINCOLN PVCU (HOME IMPROVEMENTS) 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LINCOLN PVCU (HOME IMPROVEMENTS) LIMITED

Registered Number
04942106
(England and Wales)

Unaudited Financial Statements for the Year ended
31 October 2024

LINCOLN PVCU (HOME IMPROVEMENTS) LIMITED
Company Information
for the year from 1 November 2023 to 31 October 2024

Directors

FLETCHER, Jason Carl
TOGHER, Declan John

Company Secretary

TOGHER, Declan John Robert

Registered Address

Unit 23 Lyndon Business Park
Farrier Road
Lincoln
LN6 3RU

Registered Number

04942106 (England and Wales)
LINCOLN PVCU (HOME IMPROVEMENTS) LIMITED
Statement of Financial Position
31 October 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets320,41615,041
20,41615,041
Current assets
Debtors126,112172,052
Cash at bank and on hand69,01088,699
195,122260,751
Creditors amounts falling due within one year(98,706)(110,147)
Net current assets (liabilities)96,416150,604
Total assets less current liabilities116,832165,645
Creditors amounts falling due after one year(9,978)(14,969)
Provisions for liabilities(4,231)(4,231)
Net assets102,623146,445
Capital and reserves
Called up share capital22
Profit and loss account102,621146,443
Shareholders' funds102,623146,445
The financial statements were approved and authorised for issue by the Board of Directors on 6 May 2025, and are signed on its behalf by:
FLETCHER, Jason Carl
Director
TOGHER, Declan John
Director

Registered Company No. 04942106
LINCOLN PVCU (HOME IMPROVEMENTS) LIMITED
Notes to the Financial Statements
for the year ended 31 October 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)Straight line (years)
Vehicles25-
Office Equipment-5
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
Stocks and work in progress
Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20242023
Average number of employees during the year00
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 November 2341,201
Additions31,259
Disposals(21,464)
At 31 October 2450,996
Depreciation and impairment
At 01 November 2326,160
Charge for year4,420
At 31 October 2430,580
Net book value
At 31 October 2420,416
At 31 October 2315,041
Included in Fixed Assets are assets with a net book value of £12,805 (2023 £10,080) held under Hire Purchase of Finance Lease agreements. Depreciation charged on these assets was £3,270 (2023 £3,360).