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REGISTERED NUMBER: 10119388 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

The Ludoquist Limited

The Ludoquist Limited (Registered number: 10119388)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Chartered Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 5


The Ludoquist Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: N Smith
C Smith





REGISTERED OFFICE: 42 Tamworth Road
Croydon
Surrey
CR0 1XU





REGISTERED NUMBER: 10119388 (England and Wales)





ACCOUNTANTS: Ascendant Partners Limited
Second Floor
Curzon House
24 High Street
Banstead
Surrey
SM7 2LJ

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
The Ludoquist 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 Statement of Financial Position. 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 The Ludoquist Limited for the year ended 31 March 2023 which comprise the Income Statement, Statement of Financial Position, Statement of Changes in Equity 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 The Ludoquist Limited, as a body, in accordance with the terms of our engagement letter dated 29 August 2017. Our work has been undertaken solely to prepare for your approval the financial statements of The Ludoquist Limited and state those matters that we have agreed to state to the Board of Directors of The Ludoquist 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 The Ludoquist Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that The Ludoquist 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 loss of The Ludoquist Limited. You consider that The Ludoquist 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 The Ludoquist 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.






Ascendant Partners Limited
Second Floor
Curzon House
24 High Street
Banstead
Surrey
SM7 2LJ


8 September 2023

The Ludoquist Limited (Registered number: 10119388)

Statement of Financial Position
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 22,046 30,410
22,046 30,410

CURRENT ASSETS
Inventories 5 96,869 92,000
Debtors 6 44,730 95,779
Cash at bank and in hand 25,169 36,221
166,768 224,000
CREDITORS
Amounts falling due within one year 7 160,114 165,105
NET CURRENT ASSETS 6,654 58,895
TOTAL ASSETS LESS CURRENT
LIABILITIES

28,700

89,305

CREDITORS
Amounts falling due after more than one year 8 117,111 163,069
NET LIABILITIES (88,411 ) (73,764 )

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings (89,411 ) (74,764 )
(88,411 ) (73,764 )

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 Ludoquist Limited (Registered number: 10119388)

Statement of Financial Position - 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 8 September 2023 and were signed on its behalf by:




N Smith - Director



C Smith - Director


The Ludoquist Limited (Registered number: 10119388)

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

1. STATUTORY INFORMATION

The Ludoquist 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Going concern
The preparation of the financial statements requires the directors to make an assessment of the entity's ability to continue as a going concern. The directors have reviewed this and consider it appropriate to prepare the financial statements on a going concern basis.

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

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Short leasehold - over the unexpired period of the lease
Fixtures and fittings - 25% per annum on cost
Computer equipment - 25% per annum on cost

Inventories
Inventories 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 statement of financial position date.


The Ludoquist Limited (Registered number: 10119388)

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

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

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 18 (2022 - 16 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Short and Computer
leasehold fittings equipment Totals
£    £    £    £   
COST
At 1 April 2022 31,911 75,037 15,335 122,283
Additions - 2,321 198 2,519
At 31 March 2023 31,911 77,358 15,533 124,802
DEPRECIATION
At 1 April 2022 18,606 66,430 6,837 91,873
Charge for year 4,162 3,826 2,895 10,883
At 31 March 2023 22,768 70,256 9,732 102,756
NET BOOK VALUE
At 31 March 2023 9,143 7,102 5,801 22,046
At 31 March 2022 13,305 8,607 8,498 30,410

The Ludoquist Limited (Registered number: 10119388)

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

4. PROPERTY, PLANT AND EQUIPMENT - continued

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:
Fixtures
and
fittings
£   
COST
At 1 April 2022 37,650
Transfer to ownership (37,650 )
At 31 March 2023 -
DEPRECIATION
At 1 April 2022 35,306
Charge for year 907
Transfer to ownership (36,213 )
At 31 March 2023 -
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 2,344

5. INVENTORIES
2023 2022
£    £   
Stocks 96,869 92,000

6. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 3,534 1,776
Other debtors 28 850
Deferred tax asset 16,332 13,695
Prepayments 24,836 34,458
44,730 50,779

Amounts falling due after more than one year:
Other debtors - 45,000

Aggregate amounts 44,730 95,779

The Ludoquist Limited (Registered number: 10119388)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 9,952 9,707
Trade creditors 18,460 24,959
Amounts owed to related companies 103,937 113,937
Social security and other taxes 18,084 12,803
Other creditors 5,753 2,199
Accruals and deferred income 3,928 1,500
160,114 165,105

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 2-5 years 22,427 30,618
Bank loans more 5 yr by instal - 1,767
Directors' loan accounts 94,684 130,684
117,111 163,069

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 1,767

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 66,500 66,500
Between one and five years 133,000 199,500
199,500 266,000

10. RELATED PARTY DISCLOSURES

One of the directors N Smith is also a director of Office Anyplace Limited. During the year Office Anyplace loaned The Ludoquist Limited £Nil (2022: £60,000).

On 14 September 2021 the directors and shareholders of The Ludoquist Limited purchased the property used by the company. During the year the company paid rent to the owners of £65,000 (2022: £32,500).

At the balance sheet date the amount outstanding was £103,937 (2022: £113,937).

11. ULTIMATE CONTROLLING PARTY

The company is controlled by the directors.