Company registration number: 08082638
Annual report and unaudited financial statements
for the year ended 31 May 2025
for
Ly Construction Ltd
Pages for filing with the Registrar
Company registration number: 08082638
Ly Construction Ltd
Balance sheet
as at 31 May 2025
ERROR: Balance sheet does not balance
2025 2024
Note £ £ £ £
Fixed assets
Tangible assets 4 1,049 1,286
1,049 1,286
Current assets
Debtors 10,382 5,975
Cash at bank and in hand 32,017 49,744
42,399 55,719
Creditors: amounts falling due within one
year 		(2,406) (2,449)
Net current assets 39,993 53,270
Total assets less current liabilities 41,042 54,556
Creditors: Amounts falling due after more
than one year 		5 (25,679) (31,888)
NET ASSETS 15,363 22,668
Capital and reserves
Called up share capital 2 2
Profit and loss account 15,361 21,540
TOTAL EQUITY 15,363 21,542
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 May 2025.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 08082638
Ly Construction Ltd
Balance sheet - continued
as at 31 May 2025
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 Profit and loss account has not been delivered to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 20 May 2026 and signed on its behalf by:
Ms D PETROVA, Director
20 May 2026
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Ly Construction Ltd
Notes to the financial statements
for the year ended 31 May 2025
1 Company information
Ly Construction Ltd is a private company registered in England and Wales. Its registered number is 08082638. The company is limited by shares. Its registered office is Flat 21, Lockbridge Court, London, London, E5 9QB.
2 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 historic cost convention.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc.:
Fixtures & fittings - 20% reducing balance
Motor vehicles - 18% reducing balance
Taxation
Taxation for the year comprises current taxation. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
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Ly Construction Ltd
Notes to the financial statements - continued
for the year ended 31 May 2025
3 Average number of employees
During the year the average number of employees was (2024 - 3).
4 Tangible fixed assets
Plant and
machinery
etc.
£
Cost
At 1 June 2024 4,050
At 31 May 2025 4,050
Depreciation
At 1 June 2024 2,764
Charge for year 237
At 31 May 2025 3,001
Net book value
At 31 May 2025 1,049
At 31 May 2024 1,286
If ENTER REVALUED CLASS had not been revalued, it would have been included at the following historical cost:
2025 2024
£ £
Cost 1,577 1,577
Accumulated depreciation - -
5 Creditors: amounts falling due after more than five years
Included within the above creditors are the following amounts falling due after more than five years:
2025 2024
£ £
Repayable by instalments
Bank loans 25,679 31,888
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Ly Construction Ltd
Notes to the financial statements - continued
for the year ended 31 May 2025
6 Advances, credit and guarantees granted to directors
The following advances and credits to a director subsisted during the years ended 31 May 2025 and 31 May 2024.
2025 2024
£ £
Dilyana Asenova PETROVA
Balance outstanding at start of year 1,126 1,246
Amounts repaid - (120)
Balance outstanding at end of year - 1,126
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