Registered number
13057186
L J Birmingham Ltd
Unaudited Filleted Accounts
31 December 2024
L J Birmingham Ltd
Registered number: 13057186
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 7,380 8,610
Tangible assets 4 60,010 42,036
67,390 50,646
Current assets
Debtors 5 39,922 21,717
Cash at bank and in hand 17,002 42,045
56,924 63,762
Creditors: amounts falling due within one year 6 (16,656) (53,875)
Net current assets 40,268 9,887
Total assets less current liabilities 107,658 60,533
Creditors: amounts falling due after more than one year 7 (43,768) (32,700)
Provisions for liabilities (11,021) (8,142)
Net assets 52,869 19,691
Capital and reserves
Called up share capital 100 100
Profit and loss account 52,769 19,591
Shareholders' funds 52,869 19,691
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr L Birmingham
Director
Approved by the board on 18 May 2025
L J Birmingham Ltd
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). The financial statements are presented in sterling which is the functional currency of the company and are rounded to the nearest £.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% Straight Line
Motor Vehicles 10% Straight Line
Debtors and creditors receivable/ payable within one year
Debtors and creditors with no stated interest rate and receivable and payable within one year are recorded at transaction price. Any losses from impairment are recognised in the profit and loss account in other administrative expenses.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 4 4
3 Intangible fixed assets £
Goodwill:
Cost
At 1 January 2024 12,300
At 31 December 2024 12,300
Amortisation
At 1 January 2024 3,690
Provided during the year 1,230
At 31 December 2024 4,920
Net book value
At 31 December 2024 7,380
At 31 December 2023 8,610
Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 January 2024 10,772 42,159 52,931
Additions 2,109 25,890 27,999
At 31 December 2024 12,881 68,049 80,930
Depreciation
At 1 January 2024 6,679 4,216 10,895
Charge for the year 3,220 6,805 10,025
At 31 December 2024 9,899 11,021 20,920
Net book value
At 31 December 2024 2,982 57,028 60,010
At 31 December 2023 4,093 37,943 42,036
5 Debtors 2024 2023
£ £
Other debtors 39,922 21,717
6 Creditors: amounts falling due within one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 9,816 6,250
Trade creditors 2,834 12,616
Taxation and social security costs 3,865 6,178
Other creditors 141 28,831
16,656 53,875
7 Creditors: amounts falling due after one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 43,768 32,700
8 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Interest charged at HMRC's official rate, repayable on demand 22,357 (63,566) 26,705 (14,504)
22,357 (63,566) 26,705 (14,504)
9 Other information
L J Birmingham Ltd is a private company limited by shares and incorporated in England. Its registered office is:
42 Vixen Tor Close
Okehampton
Exeter
Devon
EX20 1TQ
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