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REGISTERED NUMBER: 06988892 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

Lulworthco Limited

Lulworthco Limited (Registered number: 06988892)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Lulworthco Limited

Company Information
for the Year Ended 31 July 2023







DIRECTORS: Mr R A Shaw
Mrs M Shaw





REGISTERED OFFICE: 9 Wheatstone Court
Waterwells Business Park
Davy Way
Quedgeley
Gloucestershire
GL2 2AQ





REGISTERED NUMBER: 06988892 (England and Wales)





ACCOUNTANTS: Stanbridge Accountancy Services Limited
9 Wheatstone Court
Waterwells Business Park
Davy Way
Gloucester
Gloucestershire
GL2 2AQ

Lulworthco Limited (Registered number: 06988892)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 251,798 335,778

CURRENT ASSETS
Stocks 199,258 112,000
Debtors 5 881,127 1,096,987
Cash at bank 286,412 380,098
1,366,797 1,589,085
CREDITORS
Amounts falling due within one year 6 360,445 594,975
NET CURRENT ASSETS 1,006,352 994,110
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,258,150

1,329,888

CREDITORS
Amounts falling due after more than
one year

7

544,750

490,997
NET ASSETS 713,400 838,891

CAPITAL AND RESERVES
Called up share capital 160 160
Retained earnings 713,240 838,731
SHAREHOLDERS' FUNDS 713,400 838,891

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

Lulworthco Limited (Registered number: 06988892)

Balance Sheet - continued
31 July 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 16 April 2024 and were signed on its behalf by:





Mr R A Shaw - Director


Lulworthco Limited (Registered number: 06988892)

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

1. STATUTORY INFORMATION

Lulworthco 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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 3 ) .

Lulworthco Limited (Registered number: 06988892)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 August 2022
and 31 July 2023 844,754 627 2,999 848,380
DEPRECIATION
At 1 August 2022 509,450 597 2,555 512,602
Charge for year 83,826 7 147 83,980
At 31 July 2023 593,276 604 2,702 596,582
NET BOOK VALUE
At 31 July 2023 251,478 23 297 251,798
At 31 July 2022 335,304 30 444 335,778

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 August 2022
and 31 July 2023 775,436
DEPRECIATION
At 1 August 2022 456,459
Charge for year 79,744
At 31 July 2023 536,203
NET BOOK VALUE
At 31 July 2023 239,233
At 31 July 2022 318,977

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 686,127 1,096,987
Other debtors 195,000 -
881,127 1,096,987

Lulworthco Limited (Registered number: 06988892)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Hire purchase contracts 50,432 143,750
Trade creditors 98,106 119,420
Tax 36,693 93,987
Social security and other taxes 2,225 -
VAT 17,885 34,494
Directors' current accounts 153,124 201,344
Accrued expenses 1,980 1,980
360,445 594,975

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans - 1-2 years 288,723 209,683
Bank loans - 2-5 years 251,826 233,433
Hire purchase contracts 4,201 47,881
544,750 490,997

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 July 2023 and 31 July 2022:

31.7.23 31.7.22
£    £   
Mrs M Shaw and Mr R A Shaw
Balance outstanding at start of year (201,344 ) (221,909 )
Amounts advanced 472,240 232,202
Amounts repaid (424,019 ) (211,637 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (153,123 ) (201,344 )

9. RELATED PARTY DISCLOSURES

The ultimate control of the company resides jointly with Mr and Mrs R A Shaw, who between them own 100% of the issued ordinary share capital.