LUDLEY COMPANY LIMITED

Company Registration Number:
11474258 (England and Wales)

Unaudited statutory accounts for the year ended 31 July 2023

Period of accounts

Start date: 1 August 2022

End date: 31 July 2023

LUDLEY COMPANY LIMITED

Contents of the Financial Statements

for the Period Ended 31 July 2023

Profit and loss
Balance sheet
Additional notes
Balance sheet notes

LUDLEY COMPANY LIMITED

Profit And Loss Account

for the Period Ended 31 July 2023

2023 2022


£

£
Turnover: 8,948,952 5,261,841
Cost of sales: ( 6,293,657 ) ( 3,489,611 )
Gross profit(or loss): 2,655,295 1,772,230
Distribution costs: ( 274,189 ) ( 132,894 )
Administrative expenses: ( 436,558 ) ( 274,102 )
Operating profit(or loss): 1,944,548 1,365,234
Profit(or loss) before tax: 1,944,548 1,365,234
Tax: ( 331,464 ) ( 137,102 )
Profit(or loss) for the financial year: 1,613,084 1,228,132

LUDLEY COMPANY LIMITED

Balance sheet

As at 31 July 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 1,658,587 1,272,663
Total fixed assets: 1,658,587 1,272,663
Current assets
Stocks: 4 1,852,241 842,103
Debtors: 5 1,254,879 987,765
Cash at bank and in hand: 779,051 515,812
Total current assets: 3,886,171 2,345,680
Creditors: amounts falling due within one year: 6 ( 625,487 ) ( 312,156 )
Net current assets (liabilities): 3,260,684 2,033,524
Total assets less current liabilities: 4,919,271 3,306,187
Total net assets (liabilities): 4,919,271 3,306,187
Capital and reserves
Called up share capital: 160,000 160,000
Profit and loss account: 4,759,271 3,146,187
Total Shareholders' funds: 4,919,271 3,306,187

The notes form part of these financial statements

LUDLEY COMPANY LIMITED

Balance sheet statements

For the year ending 31 July 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 5 March 2024
and signed on behalf of the board by:

Name: Mohammed Hamza
Status: Director

The notes form part of these financial statements

LUDLEY COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

LUDLEY COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 19 14

LUDLEY COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 August 2022 747,740 281,849 47,073 112,859 244,247 1,433,768
Additions 249,520 45,985 86,274 75,895 97,773 555,447
Disposals
Revaluations
Transfers
At 31 July 2023 997,260 327,834 133,347 188,754 342,020 1,989,215
Depreciation
At 1 August 2022 34,998 18,597 49,863 57,647 161,105
Charge for year 45,566 24,857 30,750 68,350 169,523
On disposals
Other adjustments
At 31 July 2023 80,564 43,454 80,613 125,997 330,628
Net book value
At 31 July 2023 997,260 247,270 89,893 108,141 216,023 1,658,587
At 31 July 2022 747,740 246,851 28,476 62,996 186,600 1,272,663

LUDLEY COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

4. Stocks

2023 2022
£ £
Stocks 1,852,241 842,103
Total 1,852,241 842,103

LUDLEY COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

5. Debtors

2023 2022
£ £
Trade debtors 1,254,879 987,765
Total 1,254,879 987,765

LUDLEY COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

6. Creditors: amounts falling due within one year note

2023 2022
£ £
Trade creditors 294,023 175,054
Taxation and social security 331,464 137,102
Total 625,487 312,156