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REGISTERED NUMBER: 02989123 (England and Wales)















Financial Statements for the Year Ended 31 December 2024

for

LBB SURVEYORS AND VALUERS LIMITED

LBB SURVEYORS AND VALUERS LIMITED (REGISTERED NUMBER: 02989123)

Contents of the Financial Statements
for the Year Ended 31 December 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


LBB SURVEYORS AND VALUERS LIMITED

Company Information
for the Year Ended 31 December 2024







DIRECTORS: J H Byers
J L Bennett
I Pendle





SECRETARY: J H Byers





REGISTERED OFFICE: The Granary
Brewer Street
Bletchingley
Surrey
RH1 4QP





REGISTERED NUMBER: 02989123 (England and Wales)





ACCOUNTANTS: Lees Chartered Accountants
The Granary
Brewer Street
Bletchingley
Surrey
RH1 4QP

LBB SURVEYORS AND VALUERS LIMITED (REGISTERED NUMBER: 02989123)

Statement of Financial Position
31 December 2024

31.12.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 13,290 12,777

CURRENT ASSETS
Debtors 5 454,214 459,853
Investments 6 1 1
Cash at bank and in hand 382,816 450,609
837,031 910,463
CREDITORS
Amounts falling due within one year 7 296,212 409,907
NET CURRENT ASSETS 540,819 500,556
TOTAL ASSETS LESS CURRENT
LIABILITIES

554,109

513,333

CAPITAL AND RESERVES
Called up share capital 1,003 1,003
Retained earnings 553,106 512,330
SHAREHOLDERS' FUNDS 554,109 513,333

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

LBB SURVEYORS AND VALUERS LIMITED (REGISTERED NUMBER: 02989123)

Statement of Financial Position - continued
31 December 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 June 2025 and were signed on its behalf by:





J L Bennett - Director


LBB SURVEYORS AND VALUERS LIMITED (REGISTERED NUMBER: 02989123)

Notes to the Financial Statements
for the Year Ended 31 December 2024


1. STATUTORY INFORMATION

LBB Surveyors and Valuers Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover represents amounts receivable for goods and services net of value added tax and trade discounts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on cost
Fixtures and fittings - 10% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

LBB SURVEYORS AND VALUERS LIMITED (REGISTERED NUMBER: 02989123)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets and depreciated over the shorter of the lease term and their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company.Obligations under such agreements are included in creditors net of the finance charge allocated to future periods.The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Work in progress
Work in progress has been valued at full sales value in accordance with Section 18 FRS 105. Work in progress for both years has been shown as accrued income.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 11 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 January 2024 130,904 59,034 189,938
Additions 4,581 - 4,581
At 31 December 2024 135,485 59,034 194,519
DEPRECIATION
At 1 January 2024 118,909 58,252 177,161
Charge for year 3,929 139 4,068
At 31 December 2024 122,838 58,391 181,229
NET BOOK VALUE
At 31 December 2024 12,647 643 13,290
At 31 December 2023 11,995 782 12,777


LBB SURVEYORS AND VALUERS LIMITED (REGISTERED NUMBER: 02989123)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 252,225 252,749
Other debtors 201,989 207,104
454,214 459,853

6. CURRENT ASSET INVESTMENTS
31.12.24 31.12.23
£    £   
Other 1 1

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 17,403 38,581
Taxation and social security 221,379 256,401
Other creditors 57,430 114,925
296,212 409,907