Caseware UK (AP4) 2024.0.164 2024.0.164 2024-09-302024-09-302023-10-01false1110truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 07283688 2023-10-01 2024-09-30 07283688 2022-10-01 2023-09-30 07283688 2024-09-30 07283688 2023-09-30 07283688 2022-10-01 07283688 c:Director1 2023-10-01 2024-09-30 07283688 d:PlantMachinery 2023-10-01 2024-09-30 07283688 d:MotorVehicles 2023-10-01 2024-09-30 07283688 d:OfficeEquipment 2023-10-01 2024-09-30 07283688 d:OtherPropertyPlantEquipment 2023-10-01 2024-09-30 07283688 d:OtherPropertyPlantEquipment 2024-09-30 07283688 d:OtherPropertyPlantEquipment 2023-09-30 07283688 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 07283688 d:OtherPropertyPlantEquipment d:LeasedAssetsHeldAsLessee 2023-10-01 2024-09-30 07283688 d:CurrentFinancialInstruments 2024-09-30 07283688 d:CurrentFinancialInstruments 2023-09-30 07283688 d:Non-currentFinancialInstruments 2024-09-30 07283688 d:Non-currentFinancialInstruments 2023-09-30 07283688 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 07283688 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 07283688 d:Non-currentFinancialInstruments d:AfterOneYear 2024-09-30 07283688 d:Non-currentFinancialInstruments d:AfterOneYear 2023-09-30 07283688 d:ShareCapital 2024-09-30 07283688 d:ShareCapital 2023-09-30 07283688 d:RetainedEarningsAccumulatedLosses 2024-09-30 07283688 d:RetainedEarningsAccumulatedLosses 2023-09-30 07283688 c:OrdinaryShareClass1 2023-10-01 2024-09-30 07283688 c:OrdinaryShareClass1 2024-09-30 07283688 c:OrdinaryShareClass1 2023-09-30 07283688 c:FRS102 2023-10-01 2024-09-30 07283688 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 07283688 c:FullAccounts 2023-10-01 2024-09-30 07283688 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 07283688 d:WithinOneYear 2024-09-30 07283688 d:WithinOneYear 2023-09-30 07283688 d:HirePurchaseContracts d:WithinOneYear 2024-09-30 07283688 d:HirePurchaseContracts d:WithinOneYear 2023-09-30 07283688 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-09-30 07283688 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-09-30 07283688 2 2023-10-01 2024-09-30 07283688 d:AcceleratedTaxDepreciationDeferredTax 2024-09-30 07283688 d:AcceleratedTaxDepreciationDeferredTax 2023-09-30 07283688 d:RetirementBenefitObligationsDeferredTax 2024-09-30 07283688 d:RetirementBenefitObligationsDeferredTax 2023-09-30 07283688 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2024-09-30 07283688 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-09-30 07283688 d:FurnitureFittings d:LeasedAssetsHeldAsLessee 2024-09-30 07283688 d:FurnitureFittings d:LeasedAssetsHeldAsLessee 2023-09-30 07283688 d:LeasedAssetsHeldAsLessee 2024-09-30 07283688 d:LeasedAssetsHeldAsLessee 2023-09-30 07283688 e:PoundSterling 2023-10-01 2024-09-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 07283688









LSL SURFACING LTD

UNAUDITED

FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
LSL SURFACING LTD
REGISTERED NUMBER: 07283688

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
462,523
370,858

Current assets
  

Debtors: amounts falling due within one year
 5 
1,134,405
2,209,361

Cash at bank
  
470,047
311,480

Current liabilities
  
1,604,452
2,520,841

Creditors: amounts falling due within one year
 6 
(390,258)
(1,340,501)

Net current assets
  
 
 
1,214,194
 
 
1,180,340

Total assets less current liabilities
  
1,676,717
1,551,198

Creditors: amounts falling due after more than one year
 7 
(82,722)
(38,759)

Provisions for liabilities
  

Deferred tax
 9 
(115,477)
(75,699)

Net assets
  
1,478,518
1,436,740


Capital and reserves
  

Called up share capital 
 10 
2
2

Profit and loss account
  
1,478,516
1,436,738

  
1,478,518
1,436,740


Page 1

 
LSL SURFACING LTD
REGISTERED NUMBER: 07283688

BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 






Mr B L Moore
Director

Date: 11 June 2025

The notes on pages 3 to 11 form part of these financial statements.

Page 2

 
LSL SURFACING LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

LSL Surfacing Ltd is a private Company limited by shares, incorporated in England and Wales within the United Kingdom. The address of the registered office is Tennyson House, Cambridge Business Park, Cambridge, CB4 0WZ. This Company is not part of a group.
The financial statements are prepared in sterling which is the functional currency of the company and rounded to the nearest £.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
LSL SURFACING LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
reducing balance
Motor vehicles
-
30%
reducing balance
Office equipment
-
30%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 4

 
LSL SURFACING LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.6

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Basic financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.8

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 5

 
LSL SURFACING LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.9

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

 
2.10

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.11

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.12

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.13

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

Page 6

 
LSL SURFACING LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.14

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.



3.


Employees

The average monthly number of employees, including directors, during the year was 11 (2023 - 10).

Page 7

 
LSL SURFACING LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4.


Tangible fixed assets





Other fixed assets

£



Cost 


At 1 October 2023
850,100


Additions
262,394


Disposals
(53,418)



At 30 September 2024

1,059,076



Depreciation


At 1 October 2023
479,242


Charge for the year on owned assets
110,789


Charge for the year on financed assets
18,209


Disposals
(11,687)



At 30 September 2024

596,553



Net book value



At 30 September 2024
462,523



At 30 September 2023
370,858

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2024
2023
£
£



Motor vehicles
34,806
49,723

Office equipment
135,292
13,166

170,098
62,889

Page 8

 
LSL SURFACING LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5.


Debtors

2024
2023
£
£


Trade debtors
104,961
71,229

Other debtors
1,027,412
2,136,191

Prepayments
2,032
1,941

1,134,405
2,209,361



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
154,337
97,603

Corporation tax
49,492
66,683

Other taxation and social security
13,243
10,999

Obligations under finance lease and hire purchase contracts
50,553
23,088

Other creditors
616
1,138,128

Accruals and deferred income
122,017
4,000

390,258
1,340,501



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Net obligations under finance leases and hire purchase contracts
82,722
38,759


Included in creditors are secured debts amounting to £133,275 (2023 - £61,847) which are secured on the fixed assets to which they relate to.


8.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
50,553
23,088

Between 1-5 years
82,722
38,759

133,275
61,847

Page 9

 
LSL SURFACING LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

9.


Deferred taxation




2024
2023


£

£






At beginning of year
(75,699)
(72,648)


Charged to profit or loss
(39,778)
(3,051)



At end of year
(115,477)
(75,699)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
115,631
75,808

Pension surplus
(154)
(109)

115,477
75,699


10.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



2 (2023 - 2) Ordinary shares of £1.00 each
2
2



11.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £15,496 (2023 - £8,428). Contributions totalling £616 (2023 - £532) were payable to the fund at the balance sheet date.


12.


Commitments under operating leases

At 30 September 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
-
1,046

-
1,046

Page 10

 
LSL SURFACING LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

13.


Transactions with directors

At 1 October 2023 the director owed the Company £143,384. During the year they made repayments of £149,300 and paid expenses on the Company’s behalf of £1,618. They also withdrew amounts totalling £102,266 and the Company paid expenses on their behalf of £27,843. At 30 September 2024 £122,575 was owed to the Company. This loan is interest free and repayable on demand. The balance has been partially repaid within 9 months of the year end and S455 tax has been provided for on the balance.


14.


Related party transactions

During the year the Company operated a loan account with L&S Landscapes Limited, a Company under common control. The amount due from L&S Landscapes at the year end was £Nil (2023 - £48,890). This loan is interest free and repayable on demand.
During the year the Company operated a loan account with Camhouse Developments Limited, a Company under common control. The amount due from Camhouse Developments Limited at the year end was £Nil (2023 - £740,694). 
During the year the Company operated a loan account with Luxury Home Lifestyle Limited, a Company under common control. The amount due from Luxury Home Lifestyle Limited at the year end was £639,032 (2023 - £890,938). This loan is interest free and repayable on demand. 
During the year the Company operated a loan account with Constellation Park Limited, a Company under common control. The amount due from Constellation Park Limited at the year end was £85,000 (2023 - £85,000). This loan is interest free and repayable on demand. 
During the year the Company operated a loan account with Chesterton Leasing Limited, a Company under common control. The amount due from Chesterton Leasing Limited at the year end was £144,000 (2023 - £Nil). This loan is interest free and repayable on demand. 


Page 11