L B Structures (South West) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08115402 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2022

FOR

L B STRUCTURES (SOUTH WEST) LIMITED

T/A

L B STRUCTURES

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

L R Barton

Mrs J C Barton

REGISTERED OFFICE:

The Old Carriage Works

Moresk Road

TRURO

Cornwall

TR1 1DG

REGISTERED NUMBER:

08115402 (England and Wales)

ACCOUNTANTS:

Lang Bennetts

The Old Carriage Works

Moresk Road

TRURO

Cornwall

TR1 1DG

FIXED ASSETS

Intangible assets

5

-

1,000

Tangible assets

6

1,662

1,542

1,662

2,542

CURRENT ASSETS

Stocks

3,500

1,700

Debtors

7

962

744

Cash at bank

2,043

7,736

6,505

10,180

CREDITORS

Amounts falling due within one year

8

10,773

12,837

NET CURRENT LIABILITIES

(4,268

)

(2,657

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(2,606

)

(115

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(2,706

)

(215

)

SHAREHOLDERS' FUNDS

(2,606

)

(115

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 August 2022 and were signed on its behalf by:

L R Barton - Director

1.	STATUTORY INFORMATION

L B Structures (South West) 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.

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

The company has net liabilities at the balance sheet date. The directors consider the going concern basis for

preparation of the accounts is appropriate with their continued support.

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 etc

-

25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

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.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 July 2021

and 30 June 2022

10,000

AMORTISATION

At 1 July 2021

9,000

Charge for year

1,000

At 30 June 2022

10,000

NET BOOK VALUE

At 30 June 2022

-

At 30 June 2021

1,000

6.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 July 2021

3,721

Additions

674

At 30 June 2022

4,395

DEPRECIATION

At 1 July 2021

2,179

Charge for year

554

At 30 June 2022

2,733

NET BOOK VALUE

At 30 June 2022

1,662

At 30 June 2021

1,542

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade debtors

825

240

Other debtors

137

504

962

744

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Taxation and social security

8,979

10,811

Other creditors

1,794

2,026

10,773

12,837