Company Registration No. 08734011 (England and Wales)
Lt Inspection Ltd
Unaudited accounts
for the year ended 31 October 2024
Lt Inspection Ltd
Unaudited accounts
Contents
Lt Inspection Ltd
Company Information
for the year ended 31 October 2024
Director
LEWIS OLIVER THOMAS
Company Number
08734011 (England and Wales)
Registered Office
6 Wilmslow Drive
Great Sutton
Ellesmere Port
Merseyside
CH66 3JN
England
Lt Inspection Ltd
Statement of financial position
as at 31 October 2024
Tangible assets
6,055
7,974
Cash at bank and in hand
10,193
10,136
Creditors: amounts falling due within one year
(22,850)
(20,431)
Net current assets
25,574
36,654
Total assets less current liabilities
31,629
44,628
Creditors: amounts falling due after more than one year
(25,917)
(37,917)
Called up share capital
1
1
Profit and loss account
5,711
6,710
Shareholders' funds
5,712
6,711
For the year ending 31 October 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 14 July 2025 and were signed on its behalf by
LEWIS OLIVER THOMAS
Director
Company Registration No. 08734011
Lt Inspection Ltd
Notes to the Accounts
for the year ended 31 October 2024
Lt Inspection Ltd is a private company, limited by shares, registered in England and Wales, registration number 08734011. The registered office is 6 Wilmslow Drive, Great Sutton, Ellesmere Port, Merseyside, CH66 3JN, 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 remained unchanged from the previous year, and also 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:
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 November 2023
1,783
14,660
1,395
17,838
At 31 October 2024
1,783
14,660
1,395
17,838
At 1 November 2023
297
8,172
1,395
9,864
Charge for the year
297
1,622
-
1,919
At 31 October 2024
594
9,794
1,395
11,783
At 31 October 2024
1,189
4,866
-
6,055
At 31 October 2023
1,486
6,488
-
7,974
Lt Inspection Ltd
Notes to the Accounts
for the year ended 31 October 2024
Amounts falling due within one year
Other debtors
38,231
65,730
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
6,000
-
Taxes and social security
16,350
18,231
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).