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
Laing Building Services Ltd
Company Information
for the period from 16 November 2023 to 30 November 2024
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
Laing Building Services Ltd
Statement of financial position
as at 30 November 2024
Investment property
257,500
Cash at bank and in hand
1,552
Creditors: amounts falling due within one year
(3,085)
Total assets less current liabilities
326,767
Creditors: amounts falling due after more than one year
(173,499)
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
Laing Building Services Ltd
Notes to the Accounts
for the period from 16 November 2023 to 30 November 2024
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.
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.
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
25% Reducing balance
Motor vehicles
20% Reducing balance
Fixtures & fittings
25% Reducing balance
Computer equipment
30% Reducing balance
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 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.
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
Charge for the period
5,378
640
88
195
6,301
At 30 November 2024
5,378
640
88
195
6,301
At 30 November 2024
16,135
2,560
262
455
19,412
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
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.
Amounts falling due within one year
Accrued income and prepayments
400
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
Taxes and social security
470
9
Creditors: amounts falling due after more than one year
2024
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
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
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
Supporting Personal Guarantee
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
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.