Company Registration No. 08170056 (England and Wales)
The Leak Detection Company Ltd
Unaudited accounts
for the year ended 31 July 2023
The Leak Detection Company Ltd
Unaudited accounts
Contents
The Leak Detection Company Ltd
Company Information
for the year ended 31 July 2023
Directors
CHENEY, Kimberley Rachel
CHENEY, Paul Henry Seymour
Company Number
08170056 (England and Wales)
Registered Office
The Bothy Albury Park
Albury
Guildford
Surrey
GU5 9BH
England
Accountants
Surrey Hills Accountancy Limited
The Old Workshop
Longfrey Cottage
Dorking Road
Chilworth
GU4 8RH
The Leak Detection Company Ltd
Statement of financial position
as at 31 July 2023
Tangible assets
159,911
96,012
Cash at bank and in hand
296,868
269,539
Creditors: amounts falling due within one year
(97,287)
(62,932)
Net current assets
233,049
230,160
Total assets less current liabilities
392,960
326,172
Provisions for liabilities
Deferred tax
(25,957)
(18,242)
Net assets
367,003
307,930
Called up share capital
110
110
Profit and loss account
366,893
307,820
Shareholders' funds
367,003
307,930
For the year ending 31 July 2023 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 19 December 2023 and were signed on its behalf by
CHENEY, Paul Henry Seymour
Director
Company Registration No. 08170056
The Leak Detection Company Ltd
Notes to the Accounts
for the year ended 31 July 2023
The Leak Detection Company Ltd is a private company, limited by shares, registered in England and Wales, registration number 08170056. The registered office is The Bothy Albury Park, Albury, Guildford, Surrey, GU5 9BH, 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.
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 sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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
25% Straight Line
Motor vehicles
25% Straight Line
The Leak Detection Company Ltd
Notes to the Accounts
for the year ended 31 July 2023
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 August 2022
98,238
173,413
271,651
Additions
24,119
110,472
134,591
Disposals
-
(92,535)
(92,535)
At 31 July 2023
122,357
191,350
313,707
At 1 August 2022
70,473
105,166
175,639
Charge for the year
11,727
41,483
53,210
On disposals
-
(75,053)
(75,053)
At 31 July 2023
82,200
71,596
153,796
At 31 July 2023
40,157
119,754
159,911
At 31 July 2022
27,765
68,247
96,012
Amounts falling due within one year
Trade debtors
17,719
11,379
Accrued income and prepayments
11,899
9,897
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
3,648
3,216
Taxes and social security
54,325
30,405
7
Deferred taxation
2023
2022
Accelerated capital allowances
25,957
18,242
Provision at start of year
18,242
-
Charged to the profit and loss account
7,715
18,242
Provision at end of year
25,957
18,242
The Leak Detection Company Ltd
Notes to the Accounts
for the year ended 31 July 2023
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
10 Ordinary B Sharss of £1 each
10
10
9
Operating lease commitments
2023
2022
At 31 July 2023 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
-
14,350
10
Average number of employees
During the year the average number of employees was 13 (2022: 12).