2 false false false false false false false false false false true false false false false false false No description of principal activity 2023-10-01 Sage Accounts Production Advanced 2024 - FRS102_2024 xbrli:pure xbrli:shares iso4217:GBP 04895751 2023-10-01 2024-09-30 04895751 2024-09-30 04895751 2023-09-30 04895751 2022-10-01 2023-09-30 04895751 2023-09-30 04895751 2022-09-30 04895751 core:MotorVehicles 2023-10-01 2024-09-30 04895751 bus:Director1 2023-10-01 2024-09-30 04895751 bus:Director2 2023-10-01 2024-09-30 04895751 core:MotorVehicles 2023-09-30 04895751 core:MotorVehicles 2024-09-30 04895751 core:WithinOneYear 2024-09-30 04895751 core:WithinOneYear 2023-09-30 04895751 core:ShareCapital 2024-09-30 04895751 core:ShareCapital 2023-09-30 04895751 core:RetainedEarningsAccumulatedLosses 2024-09-30 04895751 core:RetainedEarningsAccumulatedLosses 2023-09-30 04895751 core:MotorVehicles 2023-09-30 04895751 bus:SmallEntities 2023-10-01 2024-09-30 04895751 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 04895751 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 04895751 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 04895751 bus:FullAccounts 2023-10-01 2024-09-30 04895751 core:ComputerEquipment 2023-10-01 2024-09-30 04895751 core:ComputerEquipment 2023-09-30 04895751 core:ComputerEquipment 2024-09-30
COMPANY REGISTRATION NUMBER: 04895751
L.F. BUILDERS LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
30 September 2024
L.F. BUILDERS LIMITED
STATEMENT OF FINANCIAL POSITION
30 September 2024
2024
2023
Note
£
£
£
£
FIXED ASSETS
Tangible assets
5
29,156
10,601
CURRENT ASSETS
Debtors
6
370,000
387,487
Cash at bank and in hand
3,666
22,211
---------
---------
373,666
409,698
CREDITORS: amounts falling due within one year
7
352,843
390,531
---------
---------
NET CURRENT ASSETS
20,823
19,167
--------
--------
TOTAL ASSETS LESS CURRENT LIABILITIES
49,979
29,768
PROVISIONS
7,289
2,651
--------
--------
NET ASSETS
42,690
27,117
--------
--------
CAPITAL AND RESERVES
Called up share capital fully paid
2
2
Profit and loss account
42,688
27,115
--------
--------
SHAREHOLDERS FUNDS
42,690
27,117
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
L.F. BUILDERS LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
30 September 2024
These financial statements were approved by the board of directors and authorised for issue on 20 June 2025 , and are signed on behalf of the board by:
Mr L A Fisher
Mrs T J Fisher
Director
Director
Company registration number: 04895751
L.F. BUILDERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 SEPTEMBER 2024
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Maple House 1 Rectory Gardens, Gate Lane Broughton, Kettering, Northamptonshire, NN14 1UP.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
Provision is made on the liability method, for taxation deferred in respect of all material timing differences only to the extent that, in the opinion of the directors, there is a reasonable probability that a liability will crystallise in the foreseeable future.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Motor Vehicles
-
25% reducing balance
Equipment
-
15% reducing balance
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss. 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 entity after deducting all of its financial liabilities.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).
5. TANGIBLE ASSETS
Motor vehicles
Equipment
Total
£
£
£
Cost
At 1 October 2023
21,706
13,521
35,227
Additions
23,452
23,452
--------
--------
--------
At 30 September 2024
21,706
36,973
58,679
--------
--------
--------
Depreciation
At 1 October 2023
17,843
6,783
24,626
Charge for the year
966
3,931
4,897
--------
--------
--------
At 30 September 2024
18,809
10,714
29,523
--------
--------
--------
Carrying amount
At 30 September 2024
2,897
26,259
29,156
--------
--------
--------
At 30 September 2023
3,863
6,738
10,601
--------
--------
--------
6. DEBTORS
2024
2023
£
£
Trade debtors
11,400
Other debtors
370,000
376,087
---------
---------
370,000
387,487
---------
---------
7. CREDITORS: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
30,605
Trade creditors
4,081
8,485
Corporation tax
13,571
6,908
Social security and other taxes
2,771
Other creditors
332,420
344,533
---------
---------
352,843
390,531
---------
---------
8. RELATED PARTY TRANSACTIONS
During the year a director has advanced monies to the company. At 30 September 2024 the amount due from the company was £329,302 (2023 - £342,033).