Company registration number:
06436637
|
UNAUDITED
FINANCIAL STATEMENTS
|
|
FOR THE YEAR ENDED
31 DECEMBER 2019
|
|
|
|
L. & S. BUILDING SERVICES LIMITED
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
L. & S. BUILDING SERVICES LIMITED
|
|
|
COMPANY INFORMATION
|
|
|
|
|
|
L. & S. BUILDING SERVICES LIMITED
|
|
|
CONTENTS
|
|
Statement of financial position
|
|
Notes to the financial statements
|
|
|
|
|
|
|
|
L. & S. BUILDING SERVICES LIMITED
REGISTERED NUMBER:
06436637
|
|
|
STATEMENT OF FINANCIAL POSITION
AS AT
31 DECEMBER 2019
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debtors: amounts falling due within one year
|
|
|
|
|
|
|
|
|
|
|
|
Creditors: amounts falling due within one year
|
|
|
|
|
|
|
|
|
|
|
|
Total assets less current liabilities
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
L. & S. BUILDING SERVICES LIMITED
REGISTERED NUMBER:
06436637
|
|
|
STATEMENT OF FINANCIAL POSITION
(CONTINUED)
AS AT
31 DECEMBER 2019
The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The
financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf by
:
................................................
Mr I Harrison
|
|
|
|
The notes on pages 3 to 5 form part of these financial statements.
|
|
|
|
|
|
L. & S. BUILDING SERVICES LIMITED
|
|
|
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DEC 2019
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
L. & S. Building Services Limited is a private company limited by shares, registered in England and Wales. The address of its registered office and principal place of business is disclosed on the company information page.
The principal activity of the company during the year was that of a holding company.
2.
Accounting policies
|
|
Basis of preparation of financial statements
|
These financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and Companies Act 2006.
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company accounting policies.
The following principal accounting policies have been applied:
|
|
Exemption from preparing consolidated financial statements
|
The
Company
, and the
Group
headed by it, qualify as small as set out in
section 383 of the Companies Act 2006
and the parent and
Group
are considered eligible for the exemption to prepare consolidated accounts.
The directors have a reasonable expectation that the company has adequate resources to continue operational existence for the foreseeable future, despite the on going challenges COVID-19 is having on the business. For this reason the directors continue to adopt the going concern basis of accounting in preparing the annual financial statements.
Interest income is recognised in profit or loss using the effective interest method.
Investments in subsidiaries are measured at cost less accumulated impairment.
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
|
|
|
|
|
|
L. & S. BUILDING SERVICES LIMITED
|
|
|
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DEC 2019
2.
Accounting policies (continued)
|
|
Judgements in applying accounting policies and key sources of estimation uncertainty
|
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. The estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
In the preparation of these financial statement, there were no significant estimates or judgements made which would have a material impact on the financial results.
|
The average monthly number of employees, including directors, during the year was
1
(2018 -
1
)
.
|
|
|
Shares in group companies
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The following were subsidiary undertakings of the Company:
|
|
|
|
|
|
|
|
Leasing solutions (UK) Limited
|
Nicholson House, 41 Thames Street, Weybridge, Surrey, England, KT13 8JG
|
Leasing, property development and loan finance.
|
|
|
|
London & European Mercantile Limited
|
Nicholson House, 41 Thames Street, Weybridge, Surrey, England, KT13 8JG
|
Loan finance and property development.
|
|
|
|
|
Nicholson House, 41 Thames Street, Weybridge, Surrey, England, KT13 8JG
|
|
|
|
|
|
|
|
|
|
L. & S. BUILDING SERVICES LIMITED
|
|
|
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DEC 2019
|
|
|
|
|
Amounts owed by group undertakings
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Creditors: Amounts falling due within one year
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Amounts owed to group undertakings
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Related party transactions
|
|
As of the year end, the company was owed £196,048 by Mr I Harrison (2018 - company was owed £113,048 to Mr I Harrison).
|
I Harrison is deemed to be the ultimate controlling party by virtue of his shareholding.
|