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Company Registration No. 09975093 (England and Wales)
LTContracts Ltd Filleted accounts for the year ended 31 January 2025
LTContracts Ltd Filleted accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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LTContracts Ltd Company Information for the year ended 31 January 2025
Director
Lynsy Thorpe
Company Number
09975093 (England and Wales)
Registered Office
10 Launceston Avenue Hanham Bristol South Gloucestershire BS15 3JB
Accountants
YP Finance Hawthorne House 17A Hawthorne Drive Leicester Leicestershire LE5 6DL
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LTContracts Ltd Statement of financial position as at 31 January 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
23,196
34,840
Current assets
Cash at bank and in hand
58,910
36,776
Creditors: amounts falling due within one year
5
(54,024)
(22,122)
Net current assets
4,886
14,654
Net assets
28,082
49,494
Capital and reserves
Called up share capital
6
1
1
Profit and loss account
28,081
49,493
Shareholders' funds
28,082
49,494
For the year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 6 October 2025 and were signed on its behalf by
Lynsy Thorpe Director Company Registration No. 09975093
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LTContracts Ltd Notes to the Accounts for the year ended 31 January 2025
1
Statutory information
LTContracts Ltd is a private company, limited by shares, registered in England and Wales, registration number 09975093. The registered office is 10 Launceston Avenue, Hanham, Bristol, South Gloucestershire, BS15 3JB.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
20% straight line
Computer equipment
25% reducing balance
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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LTContracts Ltd Notes to the Accounts for the year ended 31 January 2025
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 February 2024
57,990
465
58,455
At 31 January 2025
57,990
465
58,455
Depreciation
At 1 February 2024
23,196
419
23,615
Charge for the year
11,598
46
11,644
At 31 January 2025
34,794
465
35,259
Net book value
At 31 January 2025
23,196
-
23,196
At 31 January 2024
34,794
46
34,840
5
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
-
3,677
Taxes and social security
7,967
5,655
Other creditors
45,073
11,806
Accruals
984
984
54,024
22,122
6
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
7
Average number of employees
During the year the average number of employees was 1 (2024: 1).
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