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REGISTERED NUMBER: 11708455 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

LORDAN'S TIMBER LIMITED

LORDAN'S TIMBER LIMITED (REGISTERED NUMBER: 11708455)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LORDAN'S TIMBER LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: M Lordan
J E Johns





REGISTERED OFFICE: 55 Loudoun Road
London
NW8 0DL





REGISTERED NUMBER: 11708455 (England and Wales)





ACCOUNTANTS: MGR SD Limited
Chartered Accountants
55 Loudoun Road
London
NW8 0DL

LORDAN'S TIMBER LIMITED (REGISTERED NUMBER: 11708455)

BALANCE SHEET
31 MARCH 2023

31.3.23 31.3.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 78,603 80,457

CURRENT ASSETS
Stocks 165,699 151,428
Debtors 5 259,830 243,786
Cash at bank and in hand 199,568 30,451
625,097 425,665
CREDITORS
Amounts falling due within one year 6 (563,834 ) (414,207 )
NET CURRENT ASSETS 61,263 11,458
TOTAL ASSETS LESS CURRENT
LIABILITIES

139,866

91,915

CREDITORS
Amounts falling due after more than one year 7 (22,700 ) (39,232 )

PROVISIONS FOR LIABILITIES (14,935 ) (15,287 )
NET ASSETS 102,231 37,396

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 102,131 37,296
SHAREHOLDERS' FUNDS 102,231 37,396

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

LORDAN'S TIMBER LIMITED (REGISTERED NUMBER: 11708455)

BALANCE SHEET - continued
31 MARCH 2023


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 September 2023 and were signed on its behalf by:





M Lordan - Director


LORDAN'S TIMBER LIMITED (REGISTERED NUMBER: 11708455)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

Lordan's Timber Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on cost
Fixtures and fittings - 15% on cost
Motor vehicles - 20% on cost
Computer equipment - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

LORDAN'S TIMBER LIMITED (REGISTERED NUMBER: 11708455)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2022 7,450 8,590 124,277 2,895 143,212
Additions 500 1,950 29,974 624 33,048
At 31 March 2023 7,950 10,540 154,251 3,519 176,260
DEPRECIATION
At 1 April 2022 2,980 2,731 55,077 1,967 62,755
Charge for year 1,590 1,581 30,851 880 34,902
At 31 March 2023 4,570 4,312 85,928 2,847 97,657
NET BOOK VALUE
At 31 March 2023 3,380 6,228 68,323 672 78,603
At 31 March 2022 4,470 5,859 69,200 928 80,457

LORDAN'S TIMBER LIMITED (REGISTERED NUMBER: 11708455)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2022
and 31 March 2023 40,450
DEPRECIATION
At 1 April 2022 24,270
Charge for year 8,090
At 31 March 2023 32,360
NET BOOK VALUE
At 31 March 2023 8,090
At 31 March 2022 16,180

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 241,078 232,194
Other debtors 18,752 11,592
259,830 243,786

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 9,688 9,688
Hire purchase contracts 6,826 9,101
Trade creditors 345,169 241,320
Taxation and social security 85,725 34,625
Other creditors 116,426 119,473
563,834 414,207

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans 22,700 32,406
Hire purchase contracts - 6,826
22,700 39,232

LORDAN'S TIMBER LIMITED (REGISTERED NUMBER: 11708455)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


8. SECURED DEBTS

The following secured debts are included within creditors:

31.3.23 31.3.22
£    £   
Hire purchase contracts 6,826 15,927

Hire purchase liabilities are secured on the asset financed.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
99 Ordinary £1 99 99
1 Ordinary-A £1 1 1
100 100