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Company Registration No. 12801299 (England and Wales)
Lixel Drylining Ltd Unaudited accounts for the year ended 31 August 2024
Lixel Drylining Ltd Unaudited accounts Contents
Page
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Lixel Drylining Ltd Company Information for the year ended 31 August 2024
Director
Sadi Luli
Company Number
12801299 (England and Wales)
Registered Office
Ssv Suites 708a High Road LONDON N12 9QL ENGLAND
Accountants
Agents For Accounting Ltd Apex House, 2nd Floor Grand Arcade London N12 0EH
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Lixel Drylining Ltd Accountants' report
Accountants' report to the director of Lixel Drylining Ltd (the company)
These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended 31 August 2024.
We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.
On the balance sheet you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give "a true and fair view".
You have determined that the company is exempt from the statutory requirement for an audit for the year ended 31 August 2024. Therefore, the financial statements are unaudited.
The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
Agents For Accounting Ltd Apex House, 2nd Floor Grand Arcade London N12 0EH 29 August 2025
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Lixel Drylining Ltd Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
5,995 
9,106 
Current assets
Debtors
3,399 
6,301 
Cash at bank and in hand
58,868 
15,228 
62,267 
21,529 
Creditors: amounts falling due within one year
(50,844)
(11,680)
Net current assets
11,423 
9,849 
Total assets less current liabilities
17,418 
18,955 
Creditors: amounts falling due after more than one year
(1,473)
(4,796)
Provisions for liabilities
Deferred tax
(1,138)
(1,730)
Net assets
14,807 
12,429 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
14,806 
12,428 
Shareholders' funds
14,807 
12,429 
For the year ending 31 August 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 29 August 2025 and were signed on its behalf by
Sadi Luli Director Company Registration No. 12801299
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Lixel Drylining Ltd Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
Lixel Drylining Ltd is a private company, limited by shares, registered in England and Wales, registration number 12801299. The registered office is Ssv Suites, 708a High Road, LONDON, N12 9QL, 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 remained unchanged from the previous year, and also 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.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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
Straight Line Method - 25%
Motor vehicles
Straight Line Method - 20%
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 September 2023
15,441 
At 31 August 2024
15,441 
Depreciation
At 1 September 2023
6,335 
Charge for the year
3,111 
At 31 August 2024
9,446 
Net book value
At 31 August 2024
5,995 
At 31 August 2023
9,106 
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Lixel Drylining Ltd Notes to the Accounts for the year ended 31 August 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
1,132 
- 
Trade debtors
- 
3,999 
Other debtors
2,267 
2,302 
3,399 
6,301 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
46 
1,429 
Obligations under finance leases and hire purchase contracts
3,323 
3,022 
Trade creditors
801 
- 
Taxes and social security
33,057 
3,780 
Loans from directors
12,437 
2,699 
Accruals
1,180 
750 
50,844 
11,680 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
1,473 
4,796 
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.
9
Loans to directors
Included in other creditor is a balance of £12,437 owed by the company. This balance is unsecured and interest free, with no fixed repayment terms.
10
Average number of employees
During the year the average number of employees was 3 (2023: 1).
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