Likav Construction Limited - Filleted accounts

Registered number

06016599

Likav Construction Limited

Filleted Accounts

31 December 2025

Likav Construction Limited
Registered number:		06016599
Balance Sheet
as at 31 December 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		1,920			2,552

Current assets
Cash at bank and in hand		8,645			48,378

Creditors: amounts falling due within one year	4	(3,471)			(19,912)

Net current assets			5,174			28,466

Net assets			7,094			31,018

Capital and reserves
Called up share capital			100			100
Profit and loss account			6,994			30,918

Shareholders' funds			7,094			31,018

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr. M. Harrison
Director
Approved by the board on 16 April 2026

Likav Construction Limited
Notes to the Accounts
for the year ended 31 December 2025


1	Accounting policies

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery			20% reducing balance
	Fixtures, fittings, tools and equipment			20% reducing balance

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					1		1


3	Tangible fixed assets
				Plant and machinery etc		Motor vehicles		Total
£					£		£
	Cost
	At 1 January 2025			4,774		13,866		18,640
	At 31 December 2025			4,774		13,866		18,640

	Depreciation
	At 1 January 2025			4,690		11,398		16,088
	Charge for the year			16		617		633
	At 31 December 2025			4,706		12,015		16,721

	Net book value
	At 31 December 2025			68		1,851		1,919
	At 31 December 2024			84		2,468		2,552


4	Creditors: amounts falling due within one year					2025		2024
£							£

	Trade creditors					-		14,890
	Taxation and social security costs					2,357		3,895
	Other creditors					1,113		1,127
						3,470		19,912


5	Loans to directors
	Description and conditions	B/fwd	Paid		Repaid		C/fwd
£			£		£		£
	Mr. M. Harrison
	Directors Loan Account	(268)		60,923		(60,683)		(28)

		(268)		60,923		(60,683)		(28)


6	Controlling party

	The company is controlled by the directors by virtue of their shareholdings


7	Other information

	Likav Construction Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Woodvale
	Mclaren Cottages
	Abertysswg
	Rhymney
	NP22 5BH