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REGISTERED NUMBER: 08756701 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

Ligneus Products Limited

Ligneus Products Limited (Registered number: 08756701)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ligneus Products Limited

Company Information
for the Year Ended 31 October 2023







DIRECTOR: R Prince





SECRETARY:





REGISTERED OFFICE: Hillcrest
Walls Quarry
Brimscombe
Stroud
Gloucestershire
GL5 2PA





REGISTERED NUMBER: 08756701 (England and Wales)





ACCOUNTANTS: Brooklyn Consultancy Ltd
Chartered Accountants
Newstones
Park Road
Nailsworth
Gloucestershire
GL6 0HZ

Ligneus Products Limited (Registered number: 08756701)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 113,517 112,950

CURRENT ASSETS
Stocks 90,771 67,822
Debtors 5 86,415 44,866
Cash at bank 28,365 30
205,551 112,718
CREDITORS
Amounts falling due within one year 6 223,965 259,641
NET CURRENT LIABILITIES (18,414 ) (146,923 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

95,103

(33,973

)

CREDITORS
Amounts falling due after more than one year 7 22,166 36,167
NET ASSETS/(LIABILITIES) 72,937 (70,140 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 72,936 (70,141 )
72,937 (70,140 )

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

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

The director acknowledges his 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.

Ligneus Products Limited (Registered number: 08756701)

Balance Sheet - continued
31 October 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 director and authorised for issue on 15 November 2023 and were signed by:





R Prince - Director


Ligneus Products Limited (Registered number: 08756701)

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

1. STATUTORY INFORMATION

Ligneus Products 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.

The financial statements have been prepared under the going concern basis. The company is being supported by a government backed loan scheme and unsecured loans from the directors family.

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.
Plant and machinery etc - 25% on reducing balance and 25% on cost

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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

Ligneus Products Limited (Registered number: 08756701)

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

2. ACCOUNTING POLICIES - continued

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 10 (2022 - 9 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 November 2022 15,748 226,134 241,882
Additions - 30,270 30,270
At 31 October 2023 15,748 256,404 272,152
DEPRECIATION
At 1 November 2022 4,055 124,877 128,932
Charge for year 1,475 28,228 29,703
At 31 October 2023 5,530 153,105 158,635
NET BOOK VALUE
At 31 October 2023 10,218 103,299 113,517
At 31 October 2022 11,693 101,257 112,950

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 72,838 43,287
Other debtors 13,577 1,579
86,415 44,866

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts 14,000 29,351
Trade creditors 49,287 42,276
Taxation and social security 77,148 70,226
Other creditors 83,530 117,788
223,965 259,641

Ligneus Products Limited (Registered number: 08756701)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.23 31.10.22
£    £   
Bank loans 22,166 36,167