Luffingham Ltd 12992132 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is Investment Digita Accounts Production Advanced 6.30.9574.0 true 12992132 2023-01-01 2023-12-31 12992132 2023-12-31 12992132 core:FinancialAssetsDesignatedFairValueThroughProfitOrLoss core:Non-currentFinancialInstruments 2023-12-31 12992132 core:CurrentFinancialInstruments 2023-12-31 12992132 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 12992132 core:Non-currentFinancialInstruments 2023-12-31 12992132 core:FurnitureFittingsToolsEquipment 2023-12-31 12992132 bus:SmallEntities 2023-01-01 2023-12-31 12992132 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 12992132 bus:AbridgedAccounts 2023-01-01 2023-12-31 12992132 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 12992132 bus:RegisteredOffice 2023-01-01 2023-12-31 12992132 bus:Director1 2023-01-01 2023-12-31 12992132 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 12992132 core:FurnitureFittingsToolsEquipment 2023-01-01 2023-12-31 12992132 countries:England 2023-01-01 2023-12-31 12992132 2022-12-31 12992132 core:CostValuation core:Non-currentFinancialInstruments 2022-12-31 12992132 core:FurnitureFittingsToolsEquipment 2022-12-31 12992132 2022-01-01 2022-12-31 12992132 2022-12-31 12992132 core:CurrentFinancialInstruments 2022-12-31 12992132 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 12992132 core:Non-currentFinancialInstruments 2022-12-31 12992132 core:FurnitureFittingsToolsEquipment 2022-12-31 iso4217:GBP xbrli:pure

Registration number: 12992132

Luffingham Ltd

Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 31 December 2023

 

Luffingham Ltd

Contents

Company Information

1

Abridged Balance Sheet

2 to 3

Notes to the Unaudited Abridged Financial Statements

4 to 8

 

Luffingham Ltd

Company Information

Director

Mr M Luffingham

Registered office

7 Rabin Hill
Sturminster Newton
Dorset
DT10 1EU

Accountants

Mrs Gail Luffingham
Accountant

 

Luffingham Ltd

(Registration number: 12992132)
Abridged Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

3,600

500

Investments

5

1

1

Other financial assets

6

36,460

14,415

 

40,061

14,916

Current assets

 

Debtors

7

-

1,000

Cash at bank and in hand

 

20,328

24,475

 

20,328

25,475

Creditors: Amounts falling due within one year

(3,940)

(1)

Net current assets

 

16,388

25,474

Total assets less current liabilities

 

56,449

40,390

Accruals and deferred income

 

(250)

(990)

Net assets

 

56,199

39,400

Capital and reserves

 

Called up share capital

8

1,000

1,000

Retained earnings

55,199

38,400

Shareholders' funds

 

56,199

39,400

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

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the director on 20 August 2024
 

 

Luffingham Ltd

(Registration number: 12992132)
Abridged Balance Sheet as at 31 December 2023

.........................................
Mr M Luffingham
Director

 

Luffingham Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
7 Rabin Hill
Sturminster Newton
Dorset
DT10 1EU
England

These financial statements were authorised for issue by the director on 20 August 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

 

Luffingham Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2023

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Luffingham Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2023

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

 

Luffingham Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 January 2023

500

500

Additions

3,100

3,100

At 31 December 2023

3,600

3,600

Depreciation

Carrying amount

At 31 December 2023

3,600

3,600

At 31 December 2022

500

500

5

Investments

Total
£

Cost or valuation

At 1 January 2023

1

Provision

Carrying amount

At 31 December 2023

1

At 31 December 2022

1

 

Luffingham Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2023

2023
£

2022
£

6

Other financial assets (current and non-current)

Financial assets at fair value through profit and loss
£

Total
£

Non-current financial assets

Cost or valuation

At 1 January 2023

14,415

14,415

Additions

22,045

22,045

At 31 December 2023

36,460

36,460

Impairment

Carrying amount

At 31 December 2023

36,460

36,460

7

Debtors

Debtors includes £Nil (2022 - £Nil) due after more than one year.

8

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary of £1 each

1,000

1,000

1,000

1,000