Company registration number 07081510 (England and Wales)
LCMB BUILDING PERFORMANCE LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024
PAGES FOR FILING WITH REGISTRAR
LCMB BUILDING PERFORMANCE LIMITED
COMPANY INFORMATION
Directors
Mr B D Du Plessis
Mr J O'Brien
Mrs A O'Brien
Secretary
Mrs A O'Brien
Company number
07081510
Registered office
Unit 5 Somerville Court Trinity Way
Adderbury
Banbury
Oxon
England
OX17 3SN
Accountants
Xeinadin South East Ltd
Moreton House
31 High street
Buckingham
Buckinghamshire
United Kingdom
MK18 1NU
LCMB BUILDING PERFORMANCE LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
LCMB BUILDING PERFORMANCE LIMITED
BALANCE SHEET
AS AT
30 NOVEMBER 2024
30 November 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Intangible assets
3
18,631
37,263
Tangible assets
4
61,276
70,295
79,907
107,558
Current assets
Stocks
5,000
40,257
Debtors
5
469,058
451,764
Cash at bank and in hand
109,966
137,470
584,024
629,491
Creditors: amounts falling due within one year
6
(115,117)
(207,092)
Net current assets
468,907
422,399
Total assets less current liabilities
548,814
529,957
Creditors: amounts falling due after more than one year
7
(126,038)
(62,438)
Provisions for liabilities
(143)
Net assets
422,776
467,376
Capital and reserves
Called up share capital
358,975
358,975
Profit and loss reserves
63,801
108,401
Total equity
422,776
467,376
LCMB BUILDING PERFORMANCE LIMITED
BALANCE SHEET (CONTINUED)
AS AT
30 NOVEMBER 2024
30 November 2024
- 2 -
For the financial year ended 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 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 Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
The financial statements were approved by the board of directors and authorised for issue on 26 August 2025 and are signed on its behalf by:
Mr B D Du Plessis
Mr J O'Brien
Director
Director
Company registration number 07081510 (England and Wales)
LCMB BUILDING PERFORMANCE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024
- 3 -
1
Accounting policies
Company information
LCMB Building Performance Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit 5 Somerville Court Trinity Way, Adderbury, Banbury, Oxon, England, OX17 3SN.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.
1.2
Turnover
Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.
When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.
1.3
Intangible fixed assets other than goodwill
Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.
Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.
Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Other
25% reducing balance
1.4
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Plant and machinery
15% reducing balance
Fixtures and fittings
10% straight line
Computer equipment
33% straight line
LCMB BUILDING PERFORMANCE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2024
1
Accounting policies
(Continued)
- 4 -
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.5
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.
Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.
1.6
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.
1.7
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
13
14
LCMB BUILDING PERFORMANCE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2024
- 5 -
3
Intangible fixed assets
Other
£
Cost
At 1 December 2023 and 30 November 2024
130,423
Amortisation and impairment
At 1 December 2023
93,160
Amortisation charged for the year
18,632
At 30 November 2024
111,792
Carrying amount
At 30 November 2024
18,631
At 30 November 2023
37,263
4
Tangible fixed assets
Plant and machinery
Fixtures and fittings
Computer equipment
Total
£
£
£
£
Cost
At 1 December 2023
1,736
86,929
21,103
109,768
Additions
86
86
At 30 November 2024
1,736
87,015
21,103
109,854
Depreciation and impairment
At 1 December 2023
1,281
17,386
20,806
39,473
Depreciation charged in the year
114
8,701
290
9,105
At 30 November 2024
1,395
26,087
21,096
48,578
Carrying amount
At 30 November 2024
341
60,928
7
61,276
At 30 November 2023
455
69,543
297
70,295
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
215,329
258,140
Other debtors
45,917
3,242
Prepayments and accrued income
13,177
10,618
274,423
272,000
LCMB BUILDING PERFORMANCE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2024
5
Debtors
(Continued)
- 6 -
2024
2023
Amounts falling due after more than one year:
£
£
Other debtors
194,635
179,764
Total debtors
469,058
451,764
6
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
39,393
56,559
Taxation and social security
59,475
80,852
Other creditors
16,249
69,681
115,117
207,092
7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
126,038
62,438