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REGISTERED NUMBER: 08855516 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

Ludbrook Services Ltd

Ludbrook Services Ltd (Registered number: 08855516)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ludbrook Services Ltd

Company Information
for the Year Ended 31 January 2024







DIRECTORS: Mrs E Smith
L Smith





SECRETARY:





REGISTERED OFFICE: 24 Fairfield
Christchurch
Dorset
BH23 1QX





REGISTERED NUMBER: 08855516 (England and Wales)





ACCOUNTANTS: Gervis
6 Wick Lane
Christchurch
Dorset
BH23 1HX

Ludbrook Services Ltd (Registered number: 08855516)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £   
CURRENT ASSETS
Stocks 5 785 105
Debtors 6 6,477 8,794
Cash at bank 15 1,346
7,277 10,245
CREDITORS
Amounts falling due within one year 7 3,908 3,896
NET CURRENT ASSETS 3,369 6,349
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,369

6,349

CREDITORS
Amounts falling due after more than one year 8 3,082 5,705
NET ASSETS 287 644

CAPITAL AND RESERVES
Called up share capital 10 2 2
Retained earnings 11 285 642
SHAREHOLDERS' FUNDS 287 644

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

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

Ludbrook Services Ltd (Registered number: 08855516)

Balance Sheet - continued
31 January 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 31 August 2024 and were signed on its behalf by:





Mrs E Smith - Director


Ludbrook Services Ltd (Registered number: 08855516)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Ludbrook Services 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of three years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

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.

Ludbrook Services Ltd (Registered number: 08855516)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

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 7 (2023 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2023
and 31 January 2024 10,000
AMORTISATION
At 1 February 2023
and 31 January 2024 10,000
NET BOOK VALUE
At 31 January 2024 -
At 31 January 2023 -

5. STOCKS
31.1.24 31.1.23
£    £   
Work-in-progress 785 105

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 3,262 4,507
Other debtors 3,215 4,287
6,477 8,794

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts (see note 9) 1,125 -
Trade creditors - 1
Tax 1,324 2,498
Social security and other taxes 45 35
Directors' current accounts 28 42
Accountancy 1,386 1,320
3,908 3,896

Ludbrook Services Ltd (Registered number: 08855516)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Bounce Back Loan 3,082 5,705

9. LOANS

An analysis of the maturity of loans is given below:

31.1.24 31.1.23
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 1,125 -

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
1 Ordinary A 1 1 1
1 ordinary B 1 1 1
2 2

11. RESERVES
Retained
earnings
£   

At 1 February 2023 642
Profit for the year 5,643
Dividends (6,000 )
At 31 January 2024 285