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Company Registration No. 15289731 (England and Wales)
Laing Building Services Ltd Unaudited accounts for the period from 16 November 2023 to 30 November 2024
Laing Building Services Ltd Unaudited accounts Contents
Page
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Laing Building Services Ltd Company Information for the period from 16 November 2023 to 30 November 2024
Director
Keiran Laing
Company Number
15289731 (England and Wales)
Registered Office
112-113 High Street Lincoln Lincolnshire LN5 7PY England
Accountants
M D Darby FCPA, CPAA, FIAB, ACCA/Cert:IFR, IFRS, IPSAS, IA Templar Accounting & Business Support Services Limited (Incorp: Blake and Co ) 112 - 113 High Street, Lincoln, Lincolnshire LN5 7PY
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Laing Building Services Ltd Statement of financial position as at 30 November 2024
2024 
Notes
£ 
Fixed assets
Tangible assets
19,412 
Investment property
257,500 
276,912 
Current assets
Inventories
48,358 
Debtors
3,030 
Cash at bank and in hand
1,552 
52,940 
Creditors: amounts falling due within one year
(3,085)
Net current assets
49,855 
Total assets less current liabilities
326,767 
Creditors: amounts falling due after more than one year
(173,499)
Net assets
153,268 
Capital and reserves
Called up share capital
100 
Capital contribution reserve
153,000 
Profit and loss account
168 
Shareholders' funds
153,268 
For the period ending 30 November 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 20 June 2025 and were signed on its behalf by
Keiran Laing Director Company Registration No. 15289731
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Laing Building Services Ltd Notes to the Accounts for the period from 16 November 2023 to 30 November 2024
1
Statutory information
Laing Building Services Ltd is a private company, limited by shares, registered in England and Wales, registration number 15289731. The registered office is 112-113 High Street, Lincoln, Lincolnshire, LN5 7PY, 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.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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 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
25% Reducing balance
Motor vehicles
20% Reducing balance
Fixtures & fittings
25% Reducing balance
Computer equipment
30% Reducing balance
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Inventories
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.
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Laing Building Services Ltd Notes to the Accounts for the period from 16 November 2023 to 30 November 2024
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 16 November 2023
- 
- 
- 
- 
- 
Additions
21,513 
3,200 
350 
650 
25,713 
At 30 November 2024
21,513 
3,200 
350 
650 
25,713 
Depreciation
Charge for the period
5,378 
640 
88 
195 
6,301 
At 30 November 2024
5,378 
640 
88 
195 
6,301 
Net book value
At 30 November 2024
16,135 
2,560 
262 
455 
19,412 
5
Investment property
2024 
£ 
Additions
257,500 
At 30 November 2024
257,500 
The property known as: 47 Sykes Lane, Saxilby, Lincoln, LN1 2NS was purchased in the current period at market value Land title No: LL343572 - £257,500
6
Inventories
2024 
£ 
Raw materials
12,000 
Work in progress
36,358 
48,358 
WIP Progress Costs to date as at November 30th 2024 47 Sykes Lane, Saxilby, Lincoln, LN1 2NS £36,358 Raw Materials Costs held in inventory as at November 30th 2024 Based on a LIFO system of allocation.
7
Debtors
2024 
£ 
Amounts falling due within one year
VAT
2,630 
Accrued income and prepayments
400 
3,030 
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Laing Building Services Ltd Notes to the Accounts for the period from 16 November 2023 to 30 November 2024
8
Creditors: amounts falling due within one year
2024 
£ 
Trade creditors
777 
Taxes and social security
470 
Loans from directors
878 
Accruals
960 
3,085 
9
Creditors: amounts falling due after more than one year
2024 
£ 
Bank loans
173,499 
A debenture/securities charge is in place in favour of: "The Mortgage Works (UK) PLC" for £127,499 plus any unpaid interest and costs at the point of term repayment. The term is for a period of 20 years with interest only payments during the term. Capital to be repaid at the end of the term. Charge contains negative pledge Security to support the loan is: 47 Sykes Lane, Saxilby, Lincoln, LN1 2NS
10
Share capital
2024 
£ 
Allotted, called up and fully paid:
50 Ordinary shares - All Rights (Including Voting) of £1 each
50 
50 Ordinary "A" shares - All Rights (Excluding Voting) of £1 each
50 
100 
11
Capital contribution reserve
A capital contribution reserve of some £153,000 has been created by the director/shareholder to support the business in its future development. This reserve will not be withdrawn until the business is in positive cash flow.
12
Guarantees provided on behalf of directors
Maximum Liability Under Guarantees 
Amount paid and liability incurred 
£ 
£ 
Keiran Laing
Supporting Personal Guarantee
127,499 
- 
127,499 
- 
Mr. Kieran Laing, (company director) has signed a personal guarantee in favour of "The Mortgage Works (UK) PLC" to stand behind the debenture in place filed at Companies House, supporting the company in its infancy. The maximum liability as at November 30th 2024 is £127,499
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Laing Building Services Ltd Notes to the Accounts for the period from 16 November 2023 to 30 November 2024
13
Average number of employees
During the period the average number of employees was 1.
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