Registered number
06130127
L H Industrial Cladding Services Ltd
Filleted Accounts
31 March 2025
L H Industrial Cladding Services Ltd
Registered number: 06130127
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 14,509 10,606
14,509 10,606
Current assets
Stocks - -
Debtors 4 12,742 15,216
Cash at bank and in hand 22,519 23,320
35,261 38,536
Creditors: amounts falling due within one year 5 (21,856) (17,204)
Net current assets 13,405 21,332
Total assets less current liabilities 27,914 31,938
Net assets 27,914 31,938
Capital and reserves
Called up share capital 2 2
Profit and loss account 27,912 31,936
Shareholders' funds 27,914 31,938
The directors are 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 directors acknowledge their 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.
L Mossman
Director
Approved by the board on 17 April 2025
L H Industrial Cladding Services Ltd
Notes to the Accounts
for the year ended 31 March 2025
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).
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 sale of goods and from the rendering of services. 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.
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 20% reducing balance
Motor Vehicles 25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
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.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2024 9,911 15,210 25,121
Additions 1,352 7,100 8,452
Disposals - - -
At 31 March 2025 11,263 22,310 33,573
Depreciation
At 1 April 2024 6,970 7,545 14,515
Charge for the year 858 3,691 4,549
On disposals - - -
At 31 March 2025 7,828 11,236 19,064
Net book value
At 31 March 2025 3,435 11,074 14,509
At 31 March 2024 2,941 7,665 10,606
4 Debtors 2025 2024
£ £
Trade debtors - -
Taxation and social security costs 1,993 -
Other debtors 10,749 15,216
12,742 15,216
5 Creditors: amounts falling due within one year 2025 2024
£ £
Bank loans and overdrafts - -
Trade creditors - 2,095
Taxation and social security costs 10,724 10,594
Other creditors 11,132 4,515
21,856 17,204
6 Other information
L H Industrial Cladding Services Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Leabrook Farm Bungalow
Isleham Road
Freckenham
Bury St Edmunds, Suffolk
IP28 8HR
L H Industrial Cladding Services Ltd 06130127 false 2024-04-01 2025-03-31 2025-03-31 VT Final Accounts April 2025 L Mossman No description of principal activity 06130127 2023-04-01 2024-03-31 06130127 core:WithinOneYear 2024-03-31 06130127 core:ShareCapital 2024-03-31 06130127 core:RetainedEarningsAccumulatedLosses 2024-03-31 06130127 2024-04-01 2025-03-31 06130127 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 06130127 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 06130127 bus:Director40 2024-04-01 2025-03-31 06130127 1 2024-04-01 2025-03-31 06130127 2 2024-04-01 2025-03-31 06130127 core:PlantMachinery 2024-04-01 2025-03-31 06130127 core:Vehicles 2024-04-01 2025-03-31 06130127 countries:England 2024-04-01 2025-03-31 06130127 bus:FRS102 2024-04-01 2025-03-31 06130127 bus:FilletedAccounts 2024-04-01 2025-03-31 06130127 2025-03-31 06130127 core:WithinOneYear 2025-03-31 06130127 core:ShareCapital 2025-03-31 06130127 core:RetainedEarningsAccumulatedLosses 2025-03-31 06130127 core:PlantMachinery 2025-03-31 06130127 core:Vehicles 2025-03-31 06130127 2024-03-31 06130127 core:PlantMachinery 2024-03-31 06130127 core:Vehicles 2024-03-31 iso4217:GBP xbrli:pure