REGISTERED NUMBER: 08441413 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

LNB CONSTRUCTION LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

L J Barrett

SECRETARY:

L J Barrett

REGISTERED OFFICE:

Sunnyside

Dyffryn

Goodwick

Pembrokeshire

SA64 0AN

REGISTERED NUMBER:

08441413 (England and Wales)

ACCOUNTANTS:

L M Griffiths & Co Limited

Chartered Certified Accountants

1&2 Merlins Court

Winch Lane

Haverfordwest

Pembrokeshire

SA61 1SB

FIXED ASSETS

Tangible assets

3

5,979

6,622

CURRENT ASSETS

Stocks

174,335

201,482

Debtors

4

155,108

129,748

329,443

331,230

CREDITORS

Amounts falling due within one year

5

271,194

301,090

NET CURRENT ASSETS

58,249

30,140

TOTAL ASSETS LESS CURRENT LIABILITIES

64,228

36,762

CREDITORS

Amounts falling due after more than one year

6

59,769

31,511

NET ASSETS

4,459

5,251

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

4,457

5,249

SHAREHOLDERS' FUNDS

4,459

5,251

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 5 December 2025 and were signed by:

L J Barrett - Director

1.	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.

The directors are unaware of any material uncertainties in making an assessment of going concern. As a result of this, the going concern basis of accounting has been adopted.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Revenue recognition

The company's turnover represents invoiced sales. The company recognises revenue when the invoice is raised.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2024 - 11 ) .

3.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

13,068

174

15,505

6,261

35,008

Additions

563

-

-

156

719

At 31 March 2025

13,631

174

15,505

6,417

35,727

DEPRECIATION

At 1 April 2024

8,932

133

13,570

5,751

28,386

Charge for year

705

7

484

166

1,362

At 31 March 2025

9,637

140

14,054

5,917

29,748

NET BOOK VALUE

At 31 March 2025

3,994

34

1,451

500

5,979

At 31 March 2024

4,136

41

1,935

510

6,622

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

63,664

30,414

Other debtors

91,444

99,334

155,108

129,748

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

6,805

30,830

Trade creditors

154,497

103,690

Taxation and social security

100,874

159,308

Other creditors

9,018

7,262

271,194

301,090

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

25,800

31,511

Payments on account

33,969

-

59,769

31,511

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

£

L J Barrett

Balance outstanding at start of year

99,334

90,001

Amounts advanced

17,110

42,454

Amounts repaid

(25,000

)

(33,121

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

91,444

99,334