LEFTWICH PROJECTS LTD

LEFTWICH PROJECTS LTD - Company Information

2022-06-012023-05-312023-05-31false13398109LEFTWICH PROJECTS 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Registered Number
13398109
(England and Wales)

Unaudited Financial Statements for the Year ended
31 May 2023

LEFTWICH PROJECTS LTD

Company Information
for the year from 1 June 2022 to 31 May 2023


Director	WHITFIELD, Jason


Registered Address	27 Holmcroft Way
	Bromley
	BR2 8AD


Registered Number	13398109 (England and Wales)

LEFTWICH PROJECTS LTD

Balance Sheet as at
31 May 2023

	Notes	2023		2022
		£	£	£	£
Fixed assets
Tangible assets	5		7,604		9,208
			7,604		9,208
Current assets
Cash at bank and on hand		8,174		3
		8,174		3
Creditors amounts falling due within one year	7	(7,994)		(8,241)
Net current assets (liabilities)			180		(8,238)
Total assets less current liabilities			7,784		970
Net assets			7,784		970
Capital and reserves
Called up share capital			101		101
Profit and loss account			7,683		869
Shareholders' funds			7,784		970

The company was entitled to exemption from audit for this reporting period 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 Director acknowledges 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 in accordance with the provisions applicable to companies subject to the small companies regime. The directors have chosen to not file a copy of the company’s profit and loss account.

The financial statements were approved and authorised for issue by the Director on 26 September 2023, and are signed on its behalf by:

WHITFIELD, Jason
Director
Registered Company No. 13398109

LEFTWICH PROJECTS LTD

Notes to the Financial Statements
for the year ended 31 May 2023

1.	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	Compliance with applicable reporting framework
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

3.	Accounting policies

	Property, plant and equipment policy
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Straight line (years)
	Plant and machinery	5
	Vehicles	3
	Office Equipment	3

	Revenue recognition policy
	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.

Revenue recognition policy

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.

	Foreign currency translation and operations policy
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation and operations policy

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

4.	Employee information


		2023		2022
	Average number of employees during the year	1		1

5.	Property, plant and equipment

	Plant & machinery	Vehicles	Office Equipment	Total
	£	£	£	£
Cost or valuation
At 01 June 22	6,507	6,090	-	12,597
Additions	830	-	1,349	2,179
At 31 May 23	7,337	6,090	1,349	14,776
Depreciation and impairment
At 01 June 22	1,301	2,088	-	3,389
Charge for year	1,395	2,088	300	3,783
At 31 May 23	2,696	4,176	300	7,172
Net book value
At 31 May 23	4,641	1,914	1,049	7,604
At 31 May 22	5,206	4,002	-	9,208

6.	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.

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.

7.	Creditors within one year

	2023	2022
	£	£
Other creditors	7,994	7,251
Accrued liabilities and deferred income	-	990
Total	7,994	8,241


	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.