COMPANY REGISTRATION NUMBER:
04196095
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Leamick Building Systems Ltd |
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Filleted Unaudited Abridged Financial Statements |
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Leamick Building Systems Ltd |
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Abridged Financial Statements |
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Year Ended 31 December 2024
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Abridged statement of financial position |
1 |
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Notes to the abridged financial statements |
3 |
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Leamick Building Systems Ltd |
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Abridged Statement of Financial Position |
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31 December 2024
Fixed Assets
|
Tangible assets |
5 |
|
2,894 |
3,837 |
|
|
|
|
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Current Assets
|
Debtors |
172,877 |
|
222,791 |
|
Cash at bank and in hand |
117,315 |
|
58,793 |
|
--------- |
|
--------- |
|
290,192 |
|
281,584 |
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|
|
|
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Creditors: amounts falling due within one year |
119,350 |
|
84,814 |
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--------- |
|
--------- |
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Net Current Assets |
|
170,842 |
196,770 |
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|
--------- |
--------- |
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Total Assets Less Current Liabilities |
|
173,736 |
200,607 |
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Provisions
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Taxation including deferred tax |
|
724 |
959 |
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--------- |
--------- |
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Net Assets |
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173,012 |
199,648 |
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--------- |
--------- |
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Capital and Reserves
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Called up share capital |
7 |
|
2 |
2 |
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Profit and loss account |
|
173,010 |
199,646 |
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|
--------- |
--------- |
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Shareholders Funds |
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173,012 |
199,648 |
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--------- |
--------- |
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These abridged 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 abridged 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 abridged 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 abridged financial statements
.
All of the members have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.
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Leamick Building Systems Ltd |
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Abridged Statement of Financial Position (continued) |
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31 December 2024
These abridged financial statements were approved by the
board of directors
and authorised for issue on
25 September 2025
, and are signed on behalf of the board by:
Company registration number:
04196095
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Leamick Building Systems Ltd |
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Notes to the Abridged Financial Statements |
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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 8a Watson Road, Worksop, Nottinghamshire, S80 2BB.
2.
Statement of compliance
These abridged 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. The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
When the outcome of individual contracts can be estimated reliably, contract revenue and contract costs are recognised as revenue and expenses respectively be reference to the stage of completion at the reporting date. Costs are recognised as incurred and revenue is recognised on the basis of the proportion of total costs at the reporting date to the estimated total costs of the contract. Provision is made for all known or expected losses on individual contracts once such losses are foreseen. The value of work in progress comprises the costs incurred on contracts plus an appropriate proportion of overheads and attributable profit. Fees invoiced on account are deducted from the value of work in progress and the balance is separately disclosed in trade and other receivables as amounts recoverable on contracts, unless such fees exceed the value of the work in progress on any contract when the excess is separately disclosed in trade and other payables as fees invoiced in advance.
Income tax
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax. Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.
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 & Machinery |
- |
15% reducing balance |
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Fixtures & Fittings |
- |
15% reducing balance |
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Motor Vehicles |
- |
25% reducing balance |
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Equipment |
- |
33% reducing balance |
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Financial instruments
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
4
(2023:
4
).
5.
Tangible assets
|
£ |
|
Cost |
|
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At 1 January 2024 and 31 December 2024 |
31,307 |
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-------- |
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Depreciation |
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At 1 January 2024 |
27,470 |
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Charge for the year |
943 |
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-------- |
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At 31 December 2024 |
28,413 |
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-------- |
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Carrying amount |
|
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At 31 December 2024 |
2,894 |
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-------- |
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At 31 December 2023 |
3,837 |
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-------- |
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6.
Secured liabilities
The aggregate amount of secured liabilities, secured on the assets of the company at the year end were £NIL (2023: £16,264).
7.
Called up share capital
Issued, called up and fully paid
|
2024 |
2023 |
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No. |
£ |
No. |
£ |
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Ordinary shares of £ 1 each |
2 |
2 |
2 |
2 |
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---- |
---- |
---- |
---- |
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8.
Related party transactions
During the year the company provided and received short term loans from related parties. The balance outstanding due (to) or due from related parties at 31 December 2024 are as follows:
|
|
2024 |
2023 |
|
|
£ |
£ |
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Amount owed by entities under common control |
13,933 |
84,984 |
|
Amount owed to entities under common control |
(
27,351) |
(
27,351) |
|
|
|
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All loans are unsecured, interest free and repayable on demand.
9.
Ultimate holding company
The company is a wholly owned subsidiary of
MW Maguire Holdings Limited,
a company incorporated and registered in England and Wales. The registered office address is 8a Watson Road, Worksop, Nottinghamshire, S80 2BB and copy accounts can be found at Companies House.