LF Infrastructure Limited - Accounts to registrar (filleted) - small 18.2

LF Infrastructure Limited - Accounts to registrar (filleted) - small 18.2

LF INFRASTRUCTURE LIMITED - Company Information

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REGISTERED NUMBER: 09038859 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2019

FOR

LF INFRASTRUCTURE LIMITED
LF INFRASTRUCTURE LIMITED (REGISTERED NUMBER: 09038859)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2019




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


LF INFRASTRUCTURE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2019







DIRECTOR: Mr F Kane





REGISTERED OFFICE: Yard 1, Barton Industrial Estate
Faldo Road
Barton Le Clay
Bedfordshire
MK45 4RP





REGISTERED NUMBER: 09038859 (England and Wales)





ACCOUNTANTS: AGK Partners
Chartered Accountants
1 Kings Avenue
London
N21 3NA
Page 1
LF INFRASTRUCTURE LIMITED (REGISTERED NUMBER: 09038859)

STATEMENT OF FINANCIAL POSITION
31 JULY 2019

2019 2018
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 168,025 222,138
Investments 5 1,100,190 552,432
1,268,215 774,570

CURRENT ASSETS
Debtors 6 1,341,484 3,258,165
Cash at bank and in hand 97,615 19,800
1,439,099 3,277,965
CREDITORS
Amounts falling due within one year 7 624,858 2,242,580
NET CURRENT ASSETS 814,241 1,035,385
TOTAL ASSETS LESS CURRENT
LIABILITIES
2,082,456
1,809,955

CREDITORS
Amounts falling due after more than one
year
8
98,945
155,762
NET ASSETS 1,983,511 1,654,193

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 1,983,510 1,654,192
1,983,511 1,654,193

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2019 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 31 August 2020 and were signed by:





Mr F Kane - Director


The notes form part of these financial statements

Page 2
LF INFRASTRUCTURE LIMITED (REGISTERED NUMBER: 09038859)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2019

1. STATUTORY INFORMATION

LF Infrastructure Limited is a private company, limited by shares , registered in England and Wales. The
company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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 historical cost convention.

Significant judgements and estimates
In the application of the company's accounting policies, the director is required to make judgements, estimates
and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other
sources. The estimates and associated assumptions are based on historical experience and other factors that
are relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates are recognised in the period in which the estimate is revised where the revision affects only that period
or in the period of the revision and future periods where the revision affects both current and future periods.

There are no significant judgements or estimates involved in the preparation of the financial statements.

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

Revenue is recognised when it is probable that an economic benefit will flow to the entity and the revenue and
costs can be reliably measured.

Property, plant and equipment
Property, plant and equipment are stated at cost less accumulated depreciation and accumulated impairment
losses. Such cost includes costs directly attributable to making the assets capable of operating as intended.

The carrying value of tangible assets are reviewed for impairment when events or changes in circumstances
indicate the carrying value may not be recoverable.

Depreciation has been provided at the following rates in order to write off the assets over their estimated useful
lives.

Plant and machinery - 25% on cost
Motor vehicles - 25% on cost
Furniture and fittings - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to
the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred 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 statement of financial position date.


Page 3 continued...
LF INFRASTRUCTURE LIMITED (REGISTERED NUMBER: 09038859)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2019

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at
the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws
that have been enacted or substantively enacted by the year end and 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.

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.

Cash and cash equivalents
Cash and cash equivalents in the statement of financial position comprise cash at banks and in hand, short term
deposits with an original maturity date of one month. Cash equivalents are defined as short-term, highly liquid
investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of
changes in value.

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible
preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit
or loss.

Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised
in profit and loss.

Investments
Investments are measured at cost less accumulated impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 29 (2018 - 17 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 August 2018 1,292 247,056 248,348
Additions 1,857 - 1,857
At 31 July 2019 3,149 247,056 250,205
DEPRECIATION
At 1 August 2018 150 26,060 26,210
Charge for year 721 55,249 55,970
At 31 July 2019 871 81,309 82,180
NET BOOK VALUE
At 31 July 2019 2,278 165,747 168,025
At 31 July 2018 1,142 220,996 222,138

Page 4 continued...
LF INFRASTRUCTURE LIMITED (REGISTERED NUMBER: 09038859)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2019

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 August 2018 552,432
Additions 547,758
At 31 July 2019 1,100,190
NET BOOK VALUE
At 31 July 2019 1,100,190
At 31 July 2018 552,432

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade debtors 848,419 2,049,209
Amounts owed by connected companies 355,832 881,525
Other debtors 137,233 327,431
1,341,484 3,258,165

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Hire purchase contracts 56,817 53,112
Trade creditors 24,943 181,441
Taxation and social security 128,075 464,295
Other creditors 415,023 1,543,732
624,858 2,242,580

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2019 2018
£    £   
Hire purchase contracts 98,945 155,762

9. RELATED PARTY DISCLOSURES

During the year, £210,000 (2018: 194,000) was paid as management fees to connected companies.

Included in debtors is an amount of £355,832 (2018: £881,525) due from connected companies under common
control and directorship. This loan is interest free and repayable on demand.

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The
Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party
transactions with wholly owned subsidiaries within the group.

Page 5