Company Registration No. 09741122 (England and Wales)
LISTERHILLS SALVAGE LIMITED
Unaudited accounts
for the year ended 31 August 2024
LISTERHILLS SALVAGE LIMITED
Unaudited accounts
Contents
LISTERHILLS SALVAGE LIMITED
Company Information
for the year ended 31 August 2024
Company Number
09741122 (England and Wales)
Registered Office
C/O AK INTERNATIONAL ACCOUNTANTS
25 WHETLEY LANE
BRADFORD
BD8 9EH
ENGLAND
LISTERHILLS SALVAGE LIMITED
Statement of financial position
as at 31 August 2024
Tangible assets
11,460
14,324
Cash at bank and in hand
8,438
28,485
Creditors: amounts falling due within one year
(8,462)
(8,795)
Net current assets
64,127
68,942
Total assets less current liabilities
75,587
83,266
Creditors: amounts falling due after more than one year
(75,523)
(80,324)
Called up share capital
100
100
Profit and loss account
(36)
2,842
Shareholders' funds
64
2,942
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 29 May 2025 and were signed on its behalf by
DR M W DIN-QAYUM
Director
Company Registration No. 09741122
LISTERHILLS SALVAGE LIMITED
Notes to the Accounts
for the year ended 31 August 2024
LISTERHILLS SALVAGE LIMITED is a private company, limited by shares, registered in England and Wales, registration number 09741122. The registered office is C/O AK INTERNATIONAL ACCOUNTANTS, 25 WHETLEY LANE, BRADFORD, BD8 9EH, ENGLAND.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing basis
Motor vehicles
20% reducing basis
Fixtures & fittings
20% reducing balance basis
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.
LISTERHILLS SALVAGE LIMITED
Notes to the Accounts
for the year ended 31 August 2024
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 September 2023
3,000
16,161
1,915
21,076
Additions
-
25,500
-
25,500
Disposals
-
(25,500)
-
(25,500)
At 31 August 2024
3,000
16,161
1,915
21,076
At 1 September 2023
600
4,940
1,212
6,752
Charge for the year
480
2,239
145
2,864
At 31 August 2024
1,080
7,179
1,357
9,616
At 31 August 2024
1,920
8,982
558
11,460
At 31 August 2023
2,400
11,221
703
14,324
Amounts falling due within one year
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
1,459
4,085
Taxes and social security
876
926
Other creditors
6,127
3,784
7
Creditors: amounts falling due after more than one year
2024
2023
Other creditors
50,000
50,000
Loans from directors
11,192
13,030
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).