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REGISTERED NUMBER: 08265926 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 October 2024

for

LJV Construction Ltd

LJV Construction Ltd (Registered number: 08265926)

Contents of the Financial Statements
for the Year Ended 31 October 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LJV Construction Ltd

Company Information
for the Year Ended 31 October 2024







DIRECTORS: Mrs A Gwalchmai-Veasey
L J Veasey





REGISTERED OFFICE: Cross Chambers
9 High Street
Newtown
Powys
SY16 2NY





REGISTERED NUMBER: 08265926 (England and Wales)





ACCOUNTANTS: Morgan Griffiths LLP
Chartered Accountants
Cross Chambers
9 High Street
Newtown
Powys
SY16 2NY

LJV Construction Ltd (Registered number: 08265926)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 22,668 22,668
Tangible assets 5 289,997 281,002
312,665 303,670

CURRENT ASSETS
Stocks 197,314 120,100
Debtors 6 284,339 160,720
Cash at bank and in hand 745,030 1,146,740
1,226,683 1,427,560
CREDITORS
Amounts falling due within one year 7 443,736 516,925
NET CURRENT ASSETS 782,947 910,635
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,095,612

1,214,305

CREDITORS
Amounts falling due after more than one
year

8

(15,706

)

(22,956

)

PROVISIONS FOR LIABILITIES (42,189 ) (39,941 )
NET ASSETS 1,037,717 1,151,408

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,037,617 1,151,308
1,037,717 1,151,408

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

LJV Construction Ltd (Registered number: 08265926)

Balance Sheet - continued
31 October 2024


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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 July 2025 and were signed on its behalf by:





L J Veasey - Director


LJV Construction Ltd (Registered number: 08265926)

Notes to the Financial Statements
for the Year Ended 31 October 2024


1. STATUTORY INFORMATION

LJV Construction Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of twelve years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance, 20% on reducing balance and 10% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


LJV Construction Ltd (Registered number: 08265926)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2023 - 17 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 November 2023
and 31 October 2024 12,000 22,668 34,668
AMORTISATION
At 1 November 2023
and 31 October 2024 12,000 - 12,000
NET BOOK VALUE
At 31 October 2024 - 22,668 22,668
At 31 October 2023 - 22,668 22,668

LJV Construction Ltd (Registered number: 08265926)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024


5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 November 2023 121,239 243,221 364,460
Additions - 39,268 39,268
At 31 October 2024 121,239 282,489 403,728
DEPRECIATION
At 1 November 2023 - 83,458 83,458
Charge for year - 30,273 30,273
At 31 October 2024 - 113,731 113,731
NET BOOK VALUE
At 31 October 2024 121,239 168,758 289,997
At 31 October 2023 121,239 159,763 281,002

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 86,911 93,671
Other debtors 197,428 67,049
284,339 160,720

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Hire purchase contracts 7,249 16,769
Trade creditors 132,467 211,017
Taxation and social security 302,020 285,443
Other creditors 2,000 3,696
443,736 516,925

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.24 31.10.23
£    £   
Hire purchase contracts 15,706 22,956

LJV Construction Ltd (Registered number: 08265926)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024


9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 October 2024 and 31 October 2023:

31.10.24 31.10.23
£    £   
Mrs A Gwalchmai-Veasey and L J Veasey
Balance outstanding at start of year - -
Amounts advanced 126,272 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 126,272 -