REGISTERED NUMBER: 06706600 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 September 2024

for

Lyme Design and Build Ltd

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

189,200

239,746

CURRENT ASSETS

Stocks

17,500

97,000

Debtors

5

48,199

-

Cash at bank

283,830

113,291

349,529

210,291

CREDITORS

Amounts falling due within one year

6

(407,055

)

(287,964

)

NET CURRENT LIABILITIES

(57,526

)

(77,673

)

TOTAL ASSETS LESS CURRENT LIABILITIES

131,674

162,073

CREDITORS

Amounts falling due after more than one year

7

(5,811

)

(26,044

)

NET ASSETS

125,863

136,029

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

125,861

136,027

125,863

136,029

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2025 and were signed on its behalf by:

Mr S J Wilson - Director

1.	STATUTORY INFORMATION

Lyme Design and Build Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

06706600

Registered office:

The Old Stables

Alderley Road

Wilmslow

Cheshire

SK9 1HY

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of VAT and trade discounts.

When the outcome of a construction contract can be estimated reliably, contract costs and turnover are recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to insert detail.

Where the outcome cannot be measured reliably, contract costs are recognised as an expense in the period in which they are incurred and contract turnover is recognised to the extent of costs incurred that it is probable will be recoverable.

When it is probable that contract costs will exceed the total contract turnover, the expected loss is recognised as an expense immediately, with a corresponding provision.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2023 - 14 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 October 2023

and 30 September 2024

100,000

56,787

8,306

DEPRECIATION

At 1 October 2023

-

43,410

6,868

Charge for year

-

7,196

1,438

At 30 September 2024

-

50,606

8,306

NET BOOK VALUE

At 30 September 2024

100,000

6,181

-

At 30 September 2023

100,000

13,377

1,438

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 October 2023

and 30 September 2024

209,133

2,896

377,122

DEPRECIATION

At 1 October 2023

87,098

-

137,376

Charge for year

39,446

2,466

50,546

At 30 September 2024

126,544

2,466

187,922

NET BOOK VALUE

At 30 September 2024

82,589

430

189,200

At 30 September 2023

122,035

2,896

239,746

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.24

30.9.23

£

£

Trade debtors

48,199

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.24

30.9.23

£

£

Bank loans and overdrafts

10,147

7,347

Trade creditors

198,524

214,293

Taxation and social security

65,224

50,859

Other creditors

133,160

15,465

407,055

287,964

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.24

30.9.23

£

£

Bank loans

5,811

26,044