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Company Registration No. 06707724 (England and Wales)
LB Downes Limited Unaudited accounts for the year ended 31 August 2024
LB Downes Limited Unaudited accounts Contents
Page
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LB Downes Limited Company Information for the year ended 31 August 2024
Director
L B Downes
Company Number
06707724 (England and Wales)
Registered Office
19 Woodlands Road Stafford ST16 1QR
Accountants
Paul Roscoe & Co accountants & business advisers Heath House Cheadle Road UTTOXETER ST14 7BY
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LB Downes Limited Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,573 
2,098 
Current assets
Inventories
175 
175 
Debtors
- 
2,420 
Cash at bank and in hand
3,223 
3,318 
3,398 
5,913 
Creditors: amounts falling due within one year
(3,288)
(6,539)
Net current assets/(liabilities)
110 
(626)
Net assets
1,683 
1,472 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
1,682 
1,471 
Shareholders' funds
1,683 
1,472 
For the year ending 31 August 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
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 and authorised for issue on 25 January 2025 and were signed on its behalf by
L B Downes Director Company Registration No. 06707724
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LB Downes Limited Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
LB Downes Limited is a private company, limited by shares, registered in England and Wales, registration number 06707724. The registered office is 19 Woodlands Road, Stafford, ST16 1QR.
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 represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% straight line
Motor vehicles
25% diminishing balance
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 September 2023
6,319 
12,100 
18,419 
At 31 August 2024
6,319 
12,100 
18,419 
Depreciation
At 1 September 2023
6,319 
10,002 
16,321 
Charge for the year
- 
525 
525 
At 31 August 2024
6,319 
10,527 
16,846 
Net book value
At 31 August 2024
- 
1,573 
1,573 
At 31 August 2023
- 
2,098 
2,098 
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LB Downes Limited Notes to the Accounts for the year ended 31 August 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
2,420 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
1,168 
1,450 
Taxes and social security
936 
905 
Other creditors
1,184 
4,184 
3,288 
6,539 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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