Loading Bay Service Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 04597156

LOADING BAY SERVICE LTD

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 December 2024

LOADING BAY SERVICE LTD

STATEMENT OF FINANCIAL POSITION

31 December 2024

	2024		2023
Note	£	£	£	£

FIXED ASSETS

Tangible assets	5		4,274		1,994

CURRENT ASSETS

Stocks		4,000	4,000
Debtors	6	107,689	60,545
Cash at bank and in hand		190,561	141,932
		---------	---------
		302,250	206,477

CREDITORS: amounts falling due within one year	7	111,978		45,012
		---------		---------
NET CURRENT ASSETS			190,272		161,465
			---------		---------
TOTAL ASSETS LESS CURRENT LIABILITIES			194,546		163,459

PROVISIONS

Taxation including deferred tax	1,068	498
	---------	---------
NET ASSETS	193,478	162,961
	---------	---------

CAPITAL AND RESERVES

Called up share capital	8	200	200
Profit and loss account		193,278	162,761
		---------	---------
SHAREHOLDERS FUNDS		193,478	162,961
		---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

LOADING BAY SERVICE LTD

STATEMENT OF FINANCIAL POSITION (continued)

31 December 2024

These financial statements were approved by the board of directors and authorised for issue on 22 September 2025 , and are signed on behalf of the board by:

Mr W Craig
Director

Company registration number: 04597156

LOADING BAY SERVICE LTD

NOTES TO THE FINANCIAL STATEMENTS

Year ended 31 December 2024

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is c/o Muras Baker Jones, Regent House, Bath Avenue, Wolverhampton, WV1 4EG.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through the detailed Income Statement. The financial statements are prepared in sterling, which is the functional currency of the entity. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, usually on despatch of the goods, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	25% reducing balance
Fixtures and fittings	-	15% reducing balance
Office equipment	-	25% and 50% straight line

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Defined contribution plans

The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company.The annual contributions payable are charged to the profit and loss account.

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).

5. TANGIBLE ASSETS

	Plant and machinery	Fixtures and fittings	Office equipment	Total
	£	£	£	£
Cost
At 1 January 2024	1,729	1,901	12,816	16,446
Additions	141	323	4,525	4,989
Disposals	–	–	( 5,779)	( 5,779)
	-------	-------	--------	--------
At 31 December 2024	1,870	2,224	11,562	15,656
	-------	-------	--------	--------
Depreciation
At 1 January 2024	1,554	684	12,214	14,452
Charge for the year	79	231	2,400	2,710
Disposals	–	–	( 5,780)	( 5,780)
	-------	-------	--------	--------
At 31 December 2024	1,633	915	8,834	11,382
	-------	-------	--------	--------
Carrying amount
At 31 December 2024	237	1,309	2,728	4,274
	-------	-------	--------	--------
At 31 December 2023	175	1,217	602	1,994
	-------	-------	--------	--------

6. DEBTORS

	2024	2023
	£	£
Trade debtors	106,520	59,908
Other debtors	1,169	637
	---------	--------
	107,689	60,545
	---------	--------

7. CREDITORS: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	64,885	4,958
Corporation tax	20,150	14,018
Social security and other taxes	14,562	4,376
Other creditors	12,381	21,660
	---------	--------
	111,978	45,012
	---------	--------

8. CALLED UP SHARE CAPITAL

Issued, called up and fully paid

	2024		2023
	No.	£	No.	£
Ordinary shares of £ 1 each	200	200	200	200
	----	----	----	----