IRIS Accounts Production v23.3.0.418 00929633 Board of Directors 1.4.22 31.3.23 31.3.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh009296332022-03-31009296332023-03-31009296332022-04-012023-03-31009296332021-03-31009296332021-04-012022-03-31009296332022-03-3100929633ns10:Originalns15:EnglandWales2022-04-012023-03-3100929633ns14:PoundSterlingns10:Original2022-04-012023-03-3100929633ns10:Originalns10:Director12022-04-012023-03-3100929633ns10:Original2022-04-012023-03-3100929633ns10:Original2023-03-3100929633ns10:Originalns10:PrivateLimitedCompanyLtd2022-04-012023-03-3100929633ns10:Originalns10:SmallEntities2022-04-012023-03-3100929633ns10:Originalns10:AuditExemptWithAccountantsReport2022-04-012023-03-3100929633ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3100929633ns10:SmallCompaniesRegimeForAccountsns10:Original2022-04-012023-03-3100929633ns10:Originalns10:FullAccounts2022-04-012023-03-3100929633ns10:Original12022-04-012023-03-3100929633ns10:Originalns10:Director22022-04-012023-03-3100929633ns10:CompanySecretary1ns10:Original2022-04-012023-03-3100929633ns10:Originalns10:RegisteredOffice2022-04-012023-03-3100929633ns10:Original2022-03-3100929633ns10:Originalns5:CurrentFinancialInstruments2023-03-3100929633ns10:Originalns5:CurrentFinancialInstruments2022-03-3100929633ns10:Originalns5:Non-currentFinancialInstruments2023-03-3100929633ns10:Originalns5:Non-currentFinancialInstruments2022-03-3100929633ns5:ShareCapitalns10:Original2023-03-3100929633ns5:ShareCapitalns10:Original2022-03-3100929633ns10:Originalns5:CapitalRedemptionReserve2023-03-3100929633ns10:Originalns5:CapitalRedemptionReserve2022-03-3100929633ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-03-3100929633ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-3100929633ns10:Originalns5:NetGoodwill2022-04-012023-03-3100929633ns5:IntangibleAssetsOtherThanGoodwillns10:Original2022-04-012023-03-3100929633ns10:Originalns5:PlantMachinery2022-04-012023-03-3100929633ns10:Originalns5:FurnitureFittings2022-04-012023-03-3100929633ns10:Originalns5:MotorVehicles2022-04-012023-03-3100929633ns10:Original2021-04-012022-03-3100929633ns10:Originalns5:NetGoodwill2022-03-3100929633ns10:Originalns5:PatentsTrademarksLicencesConcessionsSimilar2022-03-3100929633ns10:Original2022-03-3100929633ns10:Originalns5:NetGoodwill2023-03-3100929633ns10:Originalns5:PatentsTrademarksLicencesConcessionsSimilar2023-03-3100929633ns10:Originalns5:NetGoodwill2022-03-3100929633ns10:Originalns5:PatentsTrademarksLicencesConcessionsSimilar2022-03-3100929633ns10:Originalns5:PlantMachinery2022-03-3100929633ns10:Originalns5:FurnitureFittings2022-03-3100929633ns10:Originalns5:MotorVehicles2022-03-3100929633ns10:Originalns5:PlantMachinery2023-03-3100929633ns10:Originalns5:FurnitureFittings2023-03-3100929633ns10:Originalns5:MotorVehicles2023-03-3100929633ns10:Originalns5:PlantMachinery2022-03-3100929633ns10:Originalns5:FurnitureFittings2022-03-3100929633ns10:Originalns5:MotorVehicles2022-03-3100929633ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3100929633ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-03-31
















Llandaff Laminates Limited

Financial Statements for the Year Ended 31 March 2023






Llandaff Laminates Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: M A Phillips
J A Phillips





SECRETARY: M A Phillips





REGISTERED OFFICE: Unit B Capital Point
Capital Business Park
Cardiff
CF3 2PY





REGISTERED NUMBER: 00929633 (England and Wales)





ACCOUNTANTS: BPU Limited
Chartered Accountants
Radnor House
Greenwood Close
Cardiff Gate Business Park
Cardiff
CF23 8AA

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Llandaff Laminates Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Llandaff Laminates Limited for the year ended 31 March 2023 which comprise the Profit and Loss Account, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Llandaff Laminates Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Llandaff Laminates Limited and state those matters that we have agreed to state to the Board of Directors of Llandaff Laminates Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Llandaff Laminates Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Llandaff Laminates Limited 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 profit of Llandaff Laminates Limited. You consider that Llandaff Laminates Limited 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 Llandaff Laminates Limited. 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.






BPU Limited
Chartered Accountants

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Llandaff Laminates Limited




12 October 2023

Llandaff Laminates Limited (Registered number: 00929633)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 3 5,530 5,530
Tangible assets 4 145,130 154,315
150,660 159,845

CURRENT ASSETS
Stocks 383,911 410,730
Debtors 5 287,724 326,356
Cash at bank and in hand 167,519 137,894
839,154 874,980
CREDITORS
Amounts falling due within one
year

6

625,828

615,568
NET CURRENT ASSETS 213,326 259,412
TOTAL ASSETS LESS
CURRENT LIABILITIES

363,986

419,257

CREDITORS
Amounts falling due after more
than one year

7

(61,460

)

(64,569

)

PROVISIONS FOR LIABILITIES (30,700 ) (23,010 )
NET ASSETS 271,826 331,678

CAPITAL AND RESERVES
Called up share capital 49 49
Capital redemption reserve 51 51
Retained earnings 271,726 331,578
SHAREHOLDERS' FUNDS 271,826 331,678

Llandaff Laminates Limited (Registered number: 00929633)

Balance Sheet - continued
31 March 2023


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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 October 2023 and were signed on its behalf by:





M A Phillips - Director


Llandaff Laminates Limited (Registered number: 00929633)

Notes to the Financial Statements
for the Year Ended 31 March 2023


1. 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets, other than goodwill, is a Cherished number plate and is recorded at cost.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% reducing balance
Fixtures and fittings - 25% reducing balance
Motor vehicles - 15% reducing balance

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 Profit and Loss Account, 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.


Llandaff Laminates Limited (Registered number: 00929633)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


1. ACCOUNTING POLICIES - continued
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.

Pension costs
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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2022 - 18 ) .

3. INTANGIBLE FIXED ASSETS
Cherished
number
Goodwill plate Totals
£    £    £   
COST
At 1 April 2022
and 31 March 2023 5,250 5,530 10,780
AMORTISATION
At 1 April 2022
and 31 March 2023 5,250 - 5,250
NET BOOK VALUE
At 31 March 2023 - 5,530 5,530
At 31 March 2022 - 5,530 5,530

Llandaff Laminates Limited (Registered number: 00929633)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 April 2022 244,352 59,425 206,077 509,854
Additions - - 29,633 29,633
Disposals - - (19,209 ) (19,209 )
At 31 March 2023 244,352 59,425 216,501 520,278
DEPRECIATION
At 1 April 2022 163,241 57,088 135,210 355,539
Charge for year 13,820 978 13,993 28,791
Eliminated on disposal - - (9,182 ) (9,182 )
At 31 March 2023 177,061 58,066 140,021 375,148
NET BOOK VALUE
At 31 March 2023 67,291 1,359 76,480 145,130
At 31 March 2022 81,111 2,337 70,867 154,315

Tangible assets are initially recorded at cost and subsequently stated at cost less any accumulated depreciation.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
2023 2022
£    £   
Trade debtors 271,509 308,369
Amounts owed by group undertakings 2,000 -
Other debtors & prepayments 14,215 17,987
287,724 326,356

Llandaff Laminates Limited (Registered number: 00929633)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
2023 2022
£    £   
Bank loans and overdrafts 9,648 10,648
Hire purchase contracts 21,973 22,925
Trade creditors 400,589 470,784
Taxes & social security costs 58,684 77,764
Other creditors & accruals 134,934 33,447
625,828 615,568

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE
THAN ONE YEAR
2023 2022
£    £   
Bank loans 24,374 33,040
Hire purchase contracts 37,086 31,529
61,460 64,569

8. ULTIMATE CONTROLLING PARTY

The controlling party is M A Phillips.