ACCOUNTS - Final Accounts preparation

Registered number: 12429897

LV BUILDING CONTRACTORS LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2025


LV BUILDING CONTRACTORS LIMITED REGISTERED NUMBER:12429897

BALANCE SHEET

AS AT 31 MARCH 2025

		2025		2024
Note		£		£

Fixed assets
Tangible assets	4		34,280		42,850
			34,280		42,850
Current assets
Debtors	5	26,634		817
Cash at bank and in hand		10,763		13,809
		37,397		14,626
Creditors: amounts falling due within one year	6	(58,505)		(35,394)
Net current liabilities			(21,108)		(20,768)
Total assets less current liabilities			13,172		22,082
Creditors: amounts falling due after more than one year	7		(7,876)		(21,376)

Net assets			5,296		706

Capital and reserves
Called up share capital	8	100	100
Profit and loss account		5,196	606
		5,296	706

Page 1


LV BUILDING CONTRACTORS LIMITED REGISTERED NUMBER:12429897

BALANCE SHEET (CONTINUED)

AS AT 31 MARCH 2025

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 11 December 2025.

___________________________

Niall Finn

Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2


LV BUILDING CONTRACTORS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1.	General information

L V Building Contractors Limited is a private company,limited by shares, incorporated in England and
Wales. The registered office is 40 Chamberlayne Road, London, NW10 3JE.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company.

The following principal accounting policies have been applied:

2.2

Going concern

At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

2.3

Turnover

The turnover shown in the profit and loss account represents amounts invoiced during the year,exclusive of Value Added Tax.

2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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

Page 3


LV BUILDING CONTRACTORS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Motor vehicles

20%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Employees

The average monthly number of employees, including directors, during the year was 2 (2024 - 2).

Page 4


LV BUILDING CONTRACTORS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

4.	Tangible fixed assets

		Motor vehicles
		£
	Cost or valuation
	At 1 April 2024	46,745
	At 31 March 2025	46,745
	Depreciation
	At 1 April 2024	3,895
	Charge for the year on owned assets	8,570
	At 31 March 2025	12,465
	Net book value
	At 31 March 2025	34,280
	At 31 March 2024	42,850

Page 5


LV BUILDING CONTRACTORS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Debtors

					2025	2024
					£	£


Trade debtors	20,638	36
Other debtors	5,996	781
	26,634	817

6.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Bank overdrafts	-	871
Corporation tax	21,240	5,028
Other taxation and social security	12,809	6,441
Obligations under finance lease and hire purchase contracts	13,500	13,501
Other creditors	1,623	3,553
Accruals	9,333	6,000
	58,505	35,394

7.	Creditors: Amounts falling due after more than one year
		2025	2024
		£	£

	Net obligations under finance leases and hire purchase contracts	7,876	21,376

8.	Share capital
		2025	2024
		£	£

Allotted, called up and fully paid

100 (2024 - 100) Ordinary shares of £1.00 each	100	100

Page 6


LV BUILDING CONTRACTORS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

9.	Reserves
		2025	2024
		£	£

Reserve b/fwd	606	2,170
Profit for the year	64,590	64,436
Dividend	(60,000)	(66,000)
	5,196	606

10.	Post balance sheet events

There were no events after the year end which materially affected the company.

11.	Controlling party

The directors, Niall Finn and Mathew Tipper jointly have controlling interest by virtue of their shareholdings.

Page 7