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Registered Number: 10459808
England and Wales

 

 

 


Unaudited Financial Statements

for the year ended 30 November 2024

for

L.S CONNELL LIMITED

Director Liam Sean Connell
Registered Number 10459808
Registered Office 71a Hartwell Road
Hanslope
Milton Keynes
MK19 7BY
Accountants Berry Kearsley Stockwell Ltd
Sterling House, 31-32 High Street, Wellingborough, Northants, NN8 4HL, United Kingdom
2
 
 
Notes
 
2024
£
  2023
£
Fixed assets
Tangible fixed assets 2 141,677    187,877 
141,677    187,877 
Current assets
Inventories 3 8,345    145,000 
Debtors 4 156,153    176,144 
164,498    321,144 
Creditors: amount falling due within one year 5 (187,885)   (141,576)
Net current assets/(liabilities) (23,387)   179,568 
 
Total assets less current liabilities 118,290    367,445 
Creditors: amount falling due after more than one year 6 (90,436)   (266,393)
Provisions for liabilities 7 (26,919)   (35,696)
Net assets/(liabilities) 935    65,356 
 

Capital and reserves
Called up share capital 101    101 
Profit and loss account 834    65,255 
Shareholders fund 935    65,356 
 
For the 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.

Director's Responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The directors have elected not to include the profit and loss account within the financial statements.
Signed on behalf of the board of directors:


----------------------------------
Liam Sean Connell
Director

Date approved: 18 August 2025
3
Statutory Information
L.S CONNELL LIMITED is a private limited company, limited by shares, domiciled in England and Wales, registration number 10459808, registration address 71a Hartwell Road, Hanslope, Milton Keynes, MK19 7BY, England.

The presentation currency is £ sterling.
1.

Accounting Policies

Basis of accounting
The accounts have been prepared under the historical cost convention and in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery25% Reducing Balance
Motor Vehicles25% Reducing Balance
Computer Equipment25% Straight Line
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Tangible fixed assets

Cost or Valuation   Plant and Machinery   Motor Vehicles   Computer Equipment   Total
    £   £   £   £
At 01 December 2023   264,310    26,890      291,200 
Additions       948    948 
At 30 November 2024   264,310    26,890    948    292,148 
Depreciation
At 01 December 2023   91,559    11,764      103,323 
Charge for year   43,188    3,782    178    47,148 
At 30 November 2024   134,747    15,546    178    150,471 
Net book values
Closing balance as at 30 November 2024   129,563    11,344    770    141,677 
Opening balance as at 01 December 2023   172,751    15,126      187,877 

3.

Inventories

2024
£
  2023
£
Work in progress 8,345    145,000 
8,345    145,000 
4.

Debtors: amounts falling due within one year

2024
£
  2023
£
Trade debtors 35,444    59,805 
Other debtors less than one year 120,709    116,339 
156,153    176,144 
5.

Creditors: amount falling due within one year

2024
£
  2023
£
Trade creditors 10,011    11,016 
Bank loans & overdrafts 53,293    33,537 
Bank account - Metro Bank 40,122    50,787 
Taxation & social security less than one year 29,162   
Other creditors less than one year 55,297    46,236 
187,885    141,576 
6.

Creditors: amount falling due after more than one year

2024
£
  2023
£
Bank loans & overdrafts 33,925    9,031 
Other creditors more than one year 56,511    257,362 
90,436    266,393 
7.

Provisions for liabilities

2024
£
  2023
£
Deferred tax timing difference 26,919    35,696 
26,919    35,696 
8.

Share Capital

Allotted
2024
£
  2023
£
100 Ordinary shares of £1.00 each 100    100 
1 A Ordinary shares of £1.00 each  
101    101 

9.

Average number of employees

Average number of employees during the year were 2 (2023: 2).
10.

Controlling party

The company is controlled by Mr. L S Connell.
4