Company Registration No. 09217045 (England and Wales)
L & T Construction Services (Tamworth) Ltd
Unaudited accounts
for the year ended 30 September 2022
L & T Construction Services (Tamworth) Ltd
Unaudited accounts
Contents
L & T Construction Services (Tamworth) Ltd
Company Information
for the year ended 30 September 2022
Directors
M K Lolley
L R Turner
Company Number
09217045 (England and Wales)
Registered Office
The Old Post Office 137-139 Long Street
Dordon
Tamworth
B78 1SH
England
Accountants
R M Accountancy Services Ltd
The Old Post Office
137-139 Long Street
Dordon
Staffordshire
B78 1SH
L & T Construction Services (Tamworth) Ltd
Statement of financial position
as at 30 September 2022
Tangible assets
67,916
51,315
Cash at bank and in hand
1,690
2,852
Creditors: amounts falling due within one year
(45,443)
(60,347)
Net current assets
16,381
24,157
Total assets less current liabilities
84,297
75,472
Creditors: amounts falling due after more than one year
(27,071)
(19,064)
Called up share capital
2
2
Profit and loss account
57,224
56,406
Shareholders' funds
57,226
56,408
For the year ending 30 September 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. 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 for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 5 June 2023 and were signed on its behalf by
M K Lolley
Director
Company Registration No. 09217045
L & T Construction Services (Tamworth) Ltd
Notes to the Accounts
for the year ended 30 September 2022
L & T Construction Services (Tamworth) Ltd is a private company, limited by shares, registered in England and Wales, registration number 09217045. The registered office is The Old Post Office 137-139 Long Street, Dordon, Tamworth, B78 1SH, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing balance
Motor vehicles
20% Reducing balance
Computer equipment
20% Straight line
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
The accounts are presented in £ sterling.
L & T Construction Services (Tamworth) Ltd
Notes to the Accounts
for the year ended 30 September 2022
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 October 2021
36,000
81,175
1,065
118,240
Additions
-
40,490
-
40,490
Disposals
-
(33,660)
-
(33,660)
At 30 September 2022
36,000
88,005
1,065
125,070
At 1 October 2021
23,712
42,148
1,065
66,925
Charge for the year
2,458
12,814
-
15,272
On disposals
-
(25,043)
-
(25,043)
At 30 September 2022
26,170
29,919
1,065
57,154
At 30 September 2022
9,830
58,086
-
67,916
At 30 September 2021
12,288
39,027
-
51,315
Amounts falling due within one year
Trade debtors
40,225
14,190
Other debtors
19,406
67,462
6
Creditors: amounts falling due within one year
2022
2021
Obligations under finance leases and hire purchase contracts
15,328
8,580
Taxes and social security
12,181
45,664
Loans from directors
17,106
4,418
7
Creditors: amounts falling due after more than one year
2022
2021
Obligations under finance leases and hire purchase contracts
27,071
19,064
8
Average number of employees
During the year the average number of employees was 2 (2021: 2).
