Accounts filed on 30-09-2023


Registered number: 04442647






Latimer Equipment Services Limited


ACCOUNTS

FOR THE YEAR ENDED 30/09/2023
























Prepared By:
Berry Kearsley Stockwell Ltd
Accountants
Sterling House
31-32 High Street
Wellingborough
Northants
NN8 4HL


Latimer Equipment Services Limited


ACCOUNTS
FOR THE YEAR ENDED 30/09/2023





DIRECTORS
Mr F Riccioni
Mrs S Riccioni resigned 08/09/2021



SECRETARY
Mr M G Riccioni


REGISTERED OFFICE
Sterling House
31-32 High Street
Wellingborough
Northants
NN8 4HL


COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 04442647



ACCOUNTANTS
Berry Kearsley Stockwell Ltd
Accountants
Sterling House
31-32 High Street
Wellingborough
Northants
NN8 4HL


ACCOUNTS
FOR THEYEARENDED30/09/2023



CONTENTS



		Page

Directors' Report		-

Accountants' Report		-

Statement Of Comprehensive Income		-

Balance Sheet		3

Notes To The Accounts		4


The following do not form part of the statutory financial statements:

Trading And Profit And Loss Account		-

Profit And Loss Account Summaries		-


BALANCE SHEET AT 30/09/2023

			2023		2022
	Notes		£		£

FIXED ASSETS
Tangible assets	3		84,860		112,905

CURRENT ASSETS
Stock		4,333		9,986
Debtors	5	8,775		8,673
Cash at bank and in hand		4,523		7,778
		17,631		26,437
CREDITORS: Amounts falling due within one year	6	135,921		145,782
NET CURRENT LIABILITIES			(118,290)		(119,345)
TOTAL ASSETS LESS CURRENT LIABILITIES			(33,430)		(6,440)

CAPITAL AND RESERVES

Called up share capital	8		2		2
Revaluation reserve	1f,9		237		237
Profit and loss account			(33,669)		(6,679)
SHAREHOLDERS' FUNDS			(33,430)		(6,440)

For the year ending 30/09/2023 the company was entitled to exemption 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.

Approved by the board on 10/05/2024 and signed on their behalf by



.............................
Mr F Riccioni
Director

1. ACCOUNTING POLICIES




1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .




1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and Machinery		reducing balance 25%
Commercial Vehicles		reducing balance 25%
Fixtures and Fittings		reducing balance 15%
Equipment		reducing balance 25%
Motor Cars		reducing balance 25%




1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.




1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.




1e. Goodwill
Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life to a maximum of 20 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.




1f. Revaluation Reserve
Surpluses or deficits arising on the revaluation of individual fixed assets other than investment properties are credited or debited to a non-distributible reserve known as the revaluation reserve (see also note 9).
Revaluation deficits in excess of the amount of prior revaluation surpluses on the same asset are charged to the profit and loss account.




5. DEBTORS	2023	2022
	£	£
Amounts falling due within one year
Trade debtors	8,767	6,689
UK corporation tax	-	1,984
Other debtors	8	-
	8,775	8,673




6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
	2023	2022
	£	£
VAT	5,329	4,011
PAYE control	498	-
Directors current account	91,145	91,145
Loans	18,500	20,000
Credit card	888	603
Hire purchase	-	10,558
Trade creditors	18,110	18,058
Pension schemes	128	147
Accruals	1,323	1,260
	135,921	145,782




8. SHARE CAPITAL	2023	2022
	£	£
Allotted, issued and fully paid:
2 Ordinary shares of £1 each	2	2
	2	2




10. CONTROLLING PARTY
The company is controlled by Mr F Riccioni and Mrs S Riccioni.