Registration number: 14544349

LW Contracts Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 10

LW Contracts Limited

Company Information

Directors

Mr Liam Peter Lewis Mr Anthony Carl Watson

Registered office

Unit 17, Beckett House Sovereign Court Wyrefields Poulton Le Fylde Lancashire FY6 8JX

Accountants

Beckett Rawcliffe Beckett House Unit 17 Sovereign Court Wyrefields Poulton-le-Fylde Lancashire FY6 8JX

LW Contracts Limited

(Registration number: 14544349)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	4	23,788	10,329
Current assets
Debtors	6	38,043	460
Cash at bank and in hand		15,973	31,527
		54,016	31,987
Creditors: Amounts falling due within one year	7	(62,870)	(41,563)
Net current liabilities		(8,854)	(9,576)
Total assets less current liabilities		14,934	753
Creditors: Amounts falling due after more than one year	7	(12,863)	-
Net assets		2,071	753
Capital and reserves
Called up share capital	8	108	108
Retained earnings		1,963	645
Shareholders' funds		2,071	753

For the financial 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.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 5 September 2025 and signed on its behalf by:
 

......................................... Mr Liam Peter Lewis Director

......................................... Mr Anthony Carl Watson Director

LW Contracts Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1	General information

The company is a private company limited by share capital, incorporated in UK.

The address of its registered office is:
Unit 17, Beckett House
Sovereign Court
Wyrefields
Poulton Le Fylde
Lancashire
FY6 8JX

These financial statements were authorised for issue by the Board on 5 September 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

LW Contracts Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Motor Vehicles	20% reducing balance
Office Equipment	20% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

LW Contracts Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

LW Contracts Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

4	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 January 2024	2,329	10,583	12,912
Additions	656	20,000	20,656
At 31 December 2024	2,985	30,583	33,568
Depreciation
At 1 January 2024	466	2,117	2,583
Charge for the year	504	6,693	7,197
At 31 December 2024	970	8,810	9,780
Carrying amount
At 31 December 2024	2,015	21,773	23,788
At 31 December 2023	1,863	8,466	10,329

5

Stocks

2024 £

2023 £

6

Debtors

Current	Note	2024 £	2023 £
Trade debtors		10,158	460
Amounts owed by related parties	11	25,000	-
Other debtors		2,885	-
		38,043	460

7

Creditors

Creditors: amounts falling due within one year

LW Contracts Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

	2024 £	2023 £
Due within one year
Trade creditors	204	2,707
Taxation and social security	13,015	15,029
Accruals and deferred income	800	600
Other creditors	48,851	23,227
	62,870	41,563

LW Contracts Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Creditors: amounts falling due after more than one year

	Note	2024 £	2023 £
Due after one year
Loans and borrowings	9	12,863	-

8	Share capital

Allotted, called up and fully paid shares

	2024		2023
	No.	£	No.	£
Ordinary of £1 each	100	100	100	100
Ordinary A of £1 each	1	1	1	1
Ordinary B of £1 each	1	1	1	1
Ordinary C of £1 each	1	1	1	1
Ordinary D of £1 each	1	1	1	1
Ordinary E of £1 each	1	1	1	1
Ordinary F of £1 each	1	1	1	1
Ordinary G of £1 each	1	1	1	1
Ordinary H of £1 each	1	1	1	1
	108	108	108	108

9	Loans and borrowings

Non-current loans and borrowings

	2024 £	2023 £
Bank borrowings	12,863	-

10

Dividends

Interim dividends paid

		2024 £		2023 £
Interim dividend of £Nil per each Ordinary		-		-
Interim dividend of £33,197.00 (2023 - £20,519.00) per each Ordinary A		33,197		20,519
Interim dividend of £29,196.00 (2023 - £20,519.00) per each Ordinary B		29,196		20,519
		62,393		41,038

LW Contracts Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

11	Related party transactions

LW Contracts Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Directors' remuneration

The directors' remuneration for the year was as follows:

	2024 £	2023 £
Remuneration	24,807	23,808

Expenditure with and payables to related parties

2024	Parent £
Amounts payable to related party	25,000

2023

Loans to related parties

2024	Parent £	Total £
Advanced	25,000	25,000
At end of period	25,000	25,000

12	Parent and ultimate parent undertaking

The company's immediate parent is LW Properties Group Ltd, incorporated in England & Wales.

 The ultimate controlling party is Liam Lewis & Anthony Watson.