LVY Contracts Ltd 31/08/2022 iXBRL

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Company registration number: NI620140

LVY CONTRACTS LTD

UNAUDITED FILLETED FINANCIAL STATEMENTS

31 August 2022

LVY CONTRACTS LTD

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022

_________________________________________________________________________________________

Contents

Directors and other information

Director's responsibilities statement

Accountants report

Balance sheet and notes to the financial statements

LVY CONTRACTS LTD

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022

_________________________________________________________________________________________


	Director	Mr Kieran Lavery


	Company number	NI620140


	Registered office	43 Airfield Road
		Toomebridge
		Antrim
		BT41 3SG


	Accountants	Kelly & O'Neill Ltd
		15E Molesworth Street
		Cookstown
		Co Tyrone
		BT80 8NX




	Bankers	Bank of Ireland
		Market Street
		Magherafelt
		BT45 6EE

LVY CONTRACTS LTD

DIRECTOR'S RESPONSIBILITIES

YEAR ENDED 31 AUGUST 2022

_________________________________________________________________________________________

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.

In preparing these financial statements, the director is required to:

- select suitable accounting policies and then apply them consistently;

- make judgments and accounting estimates that are reasonable and prudent; and

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable him to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

LVY CONTRACTS LTD

REPORT TO THE DIRECTOR ON THE PREPARATION OF THE

UNAUDITED STATUTORY FINANCIAL STATEMENTS OF LVY CONTRACTS LTD (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2022

________________________________________________________________________________________

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of LVY Contracts Ltd for the year ended 31 August 2022 which comprise the Balance Sheet and related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of Chartered Accountants Ireland , we are subject to its ethical and other professional requirements which are detailed at www.charteredaccountants.ie.

This report is made solely to the director of LVY Contracts Ltd, as a body, in accordance with the terms of our engagement letter dated 5 October 2020. Our work has been undertaken solely to prepare for your approval the financial statements of LVY Contracts Ltd and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of Chartered Accountants Ireland as detailed at www.charteredaccountants.ie. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than LVY Contracts Ltd and its director as a body for our work or for this report.

It is your duty to ensure that LVY Contracts Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of LVY Contracts Ltd. You consider that LVY Contracts Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of LVY Contracts Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Kelly & O'Neill Ltd

Chartered Accountants

15E Molesworth Street

Cookstown

Co Tyrone

BT80 8NX

15 November 2023

LVY CONTRACTS LTD

BALANCE SHEET

31 AUGUST 2022

_______________________________________________________________________________________

	2022	2021
	£	£

Fixed assets	130,000	130,000
	_______	_______

Current assets	66,782	82,661

Creditors: amounts falling due within one year	( 219,779)	( 232,066)
	_______	_______

Net current liabilities	( 152,997)	( 149,405)
	_______	_______

Total assets less current liabilities	( 22,997)	( 19,405)

Accruals and deferred income	( 1,270)	( 2,255)

	_______	_______
Net liabilities	( 24,267)	( 21,660)
	_______	_______

Capital and reserves	( 24,267)	( 21,660)
	_______	_______

Notes to the financial statements

LVY CONTRACTS LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2022

_________________________________________________________________________________________

1. Directors advances, credits and guarantees

	During the year the director entered into the following advances and credits with the company:

2022
		Balance brought forward	Advances /(credits) to the director	Balance o/standing
		£	£	£
	Mr Kieran Lavery	( 229,823)	9,546	( 220,277)
		_______	_______	_______

2021
		Balance brought forward	Advances /(credits) to the director	Balance o/standing
		£	£	£
	Mr Kieran Lavery	( 328,912)	99,089	( 229,823)
		_______	_______	_______

For the year ending 31 August 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors responsiblities:

- The member has not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

These financial statements were approved by the board of directors and authorised for issue on 15 November 2023 , and are signed on behalf of the board by:

Mr Kieran Lavery

Director

Company registration number: NI620140

The company is a private company limited by shares, registered in N Ireland.