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REGISTERED NUMBER: 13540541 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 July 2024

for

Lloydsworth Ltd

Lloydsworth Ltd (Registered number: 13540541)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Lloydsworth Ltd

Company Information
for the Year Ended 31 July 2024







DIRECTORS: A R Southworth
Mrs K Lloyd





REGISTERED OFFICE: Unit 6
Perseverance Mill
Halifax Road
Littleborough
OL14 6EG





REGISTERED NUMBER: 13540541 (England and Wales)





ACCOUNTANTS: Add-Vanced Bookkeeping Services Ltd
9 Cross Lee Road
Todmorden
West Yorkshire
OL14 8EH

Lloydsworth Ltd (Registered number: 13540541)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,239 2,300

CURRENT ASSETS
Stocks 5 147,149 178,600
Debtors 6 10,022 36,710
Cash at bank 8,010 3,141
165,181 218,451
CREDITORS
Amounts falling due within one year 7 141,828 89,505
NET CURRENT ASSETS 23,353 128,946
TOTAL ASSETS LESS CURRENT
LIABILITIES

25,592

131,246

CREDITORS
Amounts falling due after more than one
year

8

-

46,115
NET ASSETS 25,592 85,131

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 11 25,492 85,031
SHAREHOLDERS' FUNDS 25,592 85,131

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

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

Lloydsworth Ltd (Registered number: 13540541)

Balance Sheet - continued
31 July 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 21 October 2024 and were signed on its behalf by:





Mrs K Lloyd - Director


Lloydsworth Ltd (Registered number: 13540541)

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

1. STATUTORY INFORMATION

Lloydsworth 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Lloydsworth Ltd (Registered number: 13540541)

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

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 August 2023 - 3,834 3,834
Additions 238 658 896
At 31 July 2024 238 4,492 4,730
DEPRECIATION
At 1 August 2023 - 1,534 1,534
Charge for year 59 898 957
At 31 July 2024 59 2,432 2,491
NET BOOK VALUE
At 31 July 2024 179 2,060 2,239
At 31 July 2023 - 2,300 2,300

5. STOCKS
31.7.24 31.7.23
£    £   
Stocks 147,149 178,600

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 3,616 6,085
Amazon Reserved Balances 4,262 24,413
VAT 1,035 6,212
Prepayments and accrued income 1,109 -
10,022 36,710

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade creditors (280 ) 10,296
Gold Credit Card 6,888 1,716
Tax 4,749 15,565
Directors' current accounts 130,471 61,928
141,828 89,505

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 31.7.23
£    £   
Other loans (see note 9) - 46,115

Lloydsworth Ltd (Registered number: 13540541)

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

9. LOANS

An analysis of the maturity of loans is given below:

31.7.24 31.7.23
£    £   
Amounts falling due between two and five years:
Other loans - 2-5 years - 46,115

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
100 Ordinary 1 100 100

11. RESERVES
Retained
earnings
£   

At 1 August 2023 85,031
Profit for the year 20,461
Dividends (80,000 )
At 31 July 2024 25,492