10778019 false Provision of labour to the construction industry 2023-06-01 2024-05-31 http://www.companieshouse.gov.uk/2023-05-31 http://www.companieshouse.gov.uk/pt:ShareCapital 2023-05-31 http://www.companieshouse.gov.uk/cd:Director1 2023-06-01 2024-05-31 http://www.companieshouse.gov.uk/pt:ShareCapital 2024-05-31 http://www.companieshouse.gov.uk/cd:Director2 2023-06-01 2024-05-31 http://www.companieshouse.gov.uk/pt:ToolsEquipment 2023-05-31 http://www.companieshouse.gov.uk/cd:OrdinaryShareClass1 2023-06-01 2024-05-31 http://www.companieshouse.gov.uk/pt:ToolsEquipment 2024-05-31 http://www.companieshouse.gov.uk/cd:RegisteredOffice 2023-06-01 2024-05-31 http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments 2024-05-31 http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments 2023-05-31 http://www.companieshouse.gov.uk/2023-06-01 2024-05-31 http://www.companieshouse.gov.uk/2023-05-31 http://www.companieshouse.gov.uk/cd:FRS102 2023-06-01 2024-05-31 http://www.companieshouse.gov.uk/2024-05-31 http://www.companieshouse.gov.uk/cd:FullAccounts 2023-06-01 2024-05-31 http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 10778019
Labour South West Limited
ACCOUNTS
FOR THE YEAR ENDED 31/05/2024
Prepared By:
R F Love and Company
Chartered Accountant
Holly House
21d, Chudleigh Road
Exeter
Devon
EX2 8TS

Labour South West Limited

ACCOUNTS
FOR THE YEAR ENDED 31/05/2024
DIRECTORS
R F Love
L J Love
REGISTERED OFFICE
Holly House
21d Chudleigh Road
Exeter
Devon
EX2 8TS
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 10778019
ACCOUNTANTS
R F Love and Company
Chartered Accountant
Holly House
21d, Chudleigh Road
Exeter
Devon
EX2 8TS

Labour South West Limited

ACCOUNTS
FOR THE YEAR ENDED 31/05/2024
CONTENTS |  |
|  | Page
Directors' Report |  | -
Accountants' Report |  | -
Statement Of Comprehensive Income |  | -
Balance Sheet |  | 3
Notes To The Accounts |  | 4
The following do not form part of the statutory financial statements: |  |
Trading And Profit And Loss Account |  | -
Profit And Loss Account Summaries |  | -

Labour South West Limited

BALANCE SHEET AT 31/05/2024
|  |  |  |  |  | 2024 |  |  |  | 2023
|  | Notes |  |  |  | £ |  |  |  | £
FIXED ASSETS |  |  |  |  |  |  |  |  |  |
Tangible assets |  | 3 |  |  |  | 478 |  |  |  | 636
CURRENT ASSETS |  |  |  |  |  |  |  |  |  |
Stock |  |  |  | 47,000 |  |  |  | - |  |
Debtors |  | 5 |  | 22,714 |  |  |  | 131,736 |  |
Cash at bank and in hand |  |  |  | 45 |  |  |  | 3,837 |  |
|  |  |  | 69,759 |  |  |  | 135,573 |  |
CREDITORS: Amounts falling due within one year |  | 6 |  | 67,917 |  |  |  | 134,288 |  |
NET CURRENT ASSETS |  |  |  |  |  | 1,842 |  |  |  | 1,285
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  |  |  |  | 2,320 |  |  |  | 1,921
CAPITAL AND RESERVES |  |  |  |  |  |  |  |  |  |
Called up share capital |  | 7 |  |  |  | 4 |  |  |  | 4
Profit and loss account |  |  |  |  |  | 2,316 |  |  |  | 1,917
SHAREHOLDERS' FUNDS |  |  |  |  |  | 2,320 |  |  |  | 1,921
For the year ending 31/05/2024 the company was entitled to exemption 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 24/05/2025 and signed on their behalf by |  |  |  |  |  |  |  |  |  |
............................. |  |  |  |  |  |  |  |  |  |
R F Love |  |  |  |  |  |  |  |  |  |
Director |  |  |  |  |  |  |  |  |  |

Labour South West Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/05/2024

1. ACCOUNTING POLICIES

1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .

1b. Depreciation |  |
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Equipment |  | 25%

1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.

2. EMPLOYEES |  |  |  |  |  |
|  |  |  | 2024 |  | 2023
|  |  |  | No. |  | No.
Average number of employees |  |  |  | 2 |  | 2

Labour South West Limited

3. TANGIBLE FIXED ASSETS |  |  |  |
|  | Equipment |  | Total
|  | £ |  | £
Cost |  |  |  |
At 01/06/2023 |  | 1,019 |  | 1,019
At 31/05/2024 |  | 1,019 |  | 1,019
Depreciation |  |  |  |
At 01/06/2023 |  | 382 |  | 382
For the year |  | 159 |  | 159
At 31/05/2024 |  | 541 |  | 541
Net Book Amounts |  |  |  |
At 31/05/2024 |  | 478 |  | 478
At 31/05/2023 |  | 637 |  | 637

4. STOCK |  |  |  | 2024 |  | 2023
|  |  |  | £ |  | £
Stock comprises: |  |  |  |  |  |
Work in progress |  |  |  | 47,000 |  | -
|  |  |  | 47,000 |  | -

5. DEBTORS |  |  |  | 2024 |  | 2023
|  |  |  | £ |  | £
Amounts falling due within one year |  |  |  |  |  |
Amounts due from group companies |  |  |  | 22,714 |  | 82,736
Accrued income |  |  |  | - |  | 49,000
|  |  |  | 22,714 |  | 131,736

Labour South West Limited

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |  |  |  |  |  |
|  |  |  | 2024 |  | 2023
|  |  |  | £ |  | £
UK corporation tax |  |  |  | 6 |  | 44
VAT |  |  |  | 9,827 |  | 12,017
PAYE control |  |  |  | 12,707 |  | 5,162
Directors current account |  |  |  | 8,445 |  | 16,344
Bank loans and overdrafts |  |  |  | 70 |  | -
Bank Loan |  |  |  | 36,822 |  | 40,721
Accruals |  |  |  | 40 |  | -
Amounts due to group companies |  |  |  | - |  | 60,000
|  |  |  | 67,917 |  | 134,288

7. SHARE CAPITAL |  |  |  | 2024 |  | 2023
|  |  |  | £ |  | £
Allotted, issued and fully paid: |  |  |  |  |  |
4 Ordinary shares of £1 each |  |  |  | 4 |  | 4
|  |  |  | 4 |  | 4