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REGISTERED NUMBER: 13216895 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

LD Engineering (Scunthorpe) Ltd

LD Engineering (Scunthorpe) Ltd (Registered number: 13216895)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LD Engineering (Scunthorpe) Ltd

Company Information
for the Year Ended 29 February 2024







DIRECTORS: B J Dickinson
J J Lawton





REGISTERED OFFICE: Bridge Works
Burringham Road
Scunthorpe
North Lincolnshire
DN17 3LT





REGISTERED NUMBER: 13216895 (England and Wales)





ACCOUNTANTS: Discount Accountancy Services
7 Purbeck Road
Scunthorpe
North Lincolnshire
DN17 1TY

LD Engineering (Scunthorpe) Ltd (Registered number: 13216895)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 133,708 122,658

CURRENT ASSETS
Stocks 10,000 10,000
Debtors 5 38,722 22,545
Cash at bank 5,499 3,033
54,221 35,578
CREDITORS
Amounts falling due within one year 6 86,046 58,419
NET CURRENT LIABILITIES (31,825 ) (22,841 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

101,883

99,817

CREDITORS
Amounts falling due after more than one
year

7

56,650

44,818
NET ASSETS 45,233 54,999

RESERVES
Retained earnings 45,233 54,999
45,233 54,999

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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.

LD Engineering (Scunthorpe) Ltd (Registered number: 13216895)

Balance Sheet - continued
29 February 2024


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 18 July 2024 and were signed on its behalf by:




B J Dickinson - Director



J J Lawton - Director


LD Engineering (Scunthorpe) Ltd (Registered number: 13216895)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

LD Engineering (Scunthorpe) Ltd 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.
Plant and machinery etc - 20% 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.

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.

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 3 (2023 - 3 ) .

LD Engineering (Scunthorpe) Ltd (Registered number: 13216895)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023 140,860
Additions 38,870
At 29 February 2024 179,730
DEPRECIATION
At 1 March 2023 18,202
Charge for year 27,820
At 29 February 2024 46,022
NET BOOK VALUE
At 29 February 2024 133,708
At 28 February 2023 122,658

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 38,482 19,349
Other debtors 240 3,196
38,722 22,545

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Hire purchase contracts 17,868 11,388
Trade creditors 6,889 3,841
Taxation and social security 14,487 876
Other creditors 46,802 42,314
86,046 58,419

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Hire purchase contracts 56,650 44,818

LD Engineering (Scunthorpe) Ltd (Registered number: 13216895)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 29 February 2024 and 28 February 2023:

29.2.24 28.2.23
£    £   
B J Dickinson
Balance outstanding at start of year (20,440 ) (17,594 )
Amounts advanced 17,876 17,154
Amounts repaid (20,000 ) (20,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (22,564 ) (20,440 )

J J Lawton
Balance outstanding at start of year (20,440 ) (16,014 )
Amounts advanced 17,876 15,574
Amounts repaid (20,000 ) (20,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (22,564 ) (20,440 )