LS Insulation 2011 Ltd

LS Insulation 2011 Ltd
Statement of Financial Position
As at 31 May 2025

	Notes	2025 £	2024 £
Fixed assets
Tangible fixed assets	3	40,381	42,847
		40,381	42,847
Current assets
Stocks	4	7,000	7,500
Debtors	5	82,432	46,114
Cash at bank and in hand		59,334	55,718
		148,766	109,332
Creditors: amount falling due within one year	6	(116,174)	(101,607)
Net current assets		32,592	7,725

Total assets less current liabilities		72,973	50,572
Creditors: amount falling due after more than one year	7	0	(4,530)
Provisions for liabilities	8	(7,017)	(7,371)
Net assets		65,956	38,671

Capital and reserves
Called up share capital		100	100
Profit and loss account		65,856	38,571
Shareholders' funds		65,956	38,671

For the year ended 31 May 2025 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 accounts for the year in question in accordance with section 476.
The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 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. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The financial statements were approved by the director on 02 December 2025 and were signed by:

-------------------------------
Mr L Smith
Director

LS Insulation 2011 Ltd
Notes to the Financial Statements
For the year ended 31 May 2025

General Information

LS Insulation 2011 Ltd is a private company, limited by shares, registered in England and Wales, registration number 07646160, registration address 2 Stopes Walk, Morley, Leeds, West Yorkshire, LS27 0FR.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Finance lease and hire purchase charges

The finance element of the rental payment is charged to the income statement on a straight line basis.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

Deferred taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using 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.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Current and deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant and machinery etc

25% RB

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Provisions

Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

2.	Average number of employees Average number of employees during the year was 2 (2024 : 2).

Tangible fixed assets

Cost or valuation	Plant and machinery etc	Total
	£	£
At 01 June 2024	134,675	134,675
Additions	10,995	10,995
Disposals	-	-
At 31 May 2025	145,670	145,670
Depreciation
At 01 June 2024	91,828	91,828
Charge for year	13,461	13,461
On disposals	-	-
At 31 May 2025	105,289	105,289
Net book values
Closing balance as at 31 May 2025	40,381	40,381
Opening balance as at 01 June 2024	42,847	42,847

Stocks

	2025 £		2024 £
Stocks	7,000		7,500
	7,000		7,500

Debtors: amounts falling due within one year

	2025 £	2024 £
Trade Debtors	61,004	30,093
Other Debtors	21,428	16,021
	82,432	46,114

Creditors: amount falling due within one year

	2025 £	2024 £
Trade Creditors	24,844	51,637
Taxation and Social Security	58,571	42,723
Obligations under HP/Financial Leases	0	2,823
Other Creditors	32,759	4,424
	116,174	101,607

Creditors: amount falling due after more than one year

	2025 £		2024 £
Obligations under HP/Financial Leases	0		4,530
	0		4,530

Provisions for liabilities

	2025 £		2024 £
Deferred Tax	7,017		7,371
	7,017		7,371

Registered Number: 07646160
England and Wales
LS INSULATION 2011 LTD

Unaudited Financial Statements

Period of accounts Start date: 01 June 2024 End date: 31 May 2025