IRIS Accounts Production v24.3.0.553 06326264 Board of Directors 1.8.23 31.7.24 31.7.24 false true false false false true false A Ordinary shares 1.00000 B Ordinary shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh063262642023-07-31063262642024-07-31063262642023-08-012024-07-31063262642022-07-31063262642022-08-012023-07-31063262642023-07-3106326264ns15:EnglandWales2023-08-012024-07-3106326264ns14:PoundSterling2023-08-012024-07-3106326264ns10:Director12023-08-012024-07-3106326264ns10:PrivateLimitedCompanyLtd2023-08-012024-07-3106326264ns10:SmallEntities2023-08-012024-07-3106326264ns10:AuditExemptWithAccountantsReport2023-08-012024-07-3106326264ns10:SmallCompaniesRegimeForDirectorsReport2023-08-012024-07-3106326264ns10:SmallCompaniesRegimeForAccounts2023-08-012024-07-3106326264ns10:FullAccounts2023-08-012024-07-310632626412023-08-012024-07-3106326264ns10:OrdinaryShareClass12023-08-012024-07-3106326264ns10:OrdinaryShareClass22023-08-012024-07-3106326264ns10:Director22023-08-012024-07-3106326264ns10:CompanySecretary12023-08-012024-07-3106326264ns10:RegisteredOffice2023-08-012024-07-3106326264ns5:CurrentFinancialInstruments2024-07-3106326264ns5:CurrentFinancialInstruments2023-07-3106326264ns5:ShareCapital2024-07-3106326264ns5:ShareCapital2023-07-3106326264ns5:RetainedEarningsAccumulatedLosses2024-07-3106326264ns5:RetainedEarningsAccumulatedLosses2023-07-3106326264ns5:IntangibleAssetsOtherThanGoodwill2023-08-012024-07-3106326264ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure2023-08-012024-07-3106326264ns5:PlantMachinery2023-08-012024-07-3106326264ns5:ComputerEquipment2023-08-012024-07-3106326264ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure2023-07-3106326264ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure2024-07-3106326264ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure2023-07-3106326264ns5:PlantMachinery2023-07-3106326264ns5:ComputerEquipment2023-07-3106326264ns5:PlantMachinery2024-07-3106326264ns5:ComputerEquipment2024-07-3106326264ns5:PlantMachinery2023-07-3106326264ns5:ComputerEquipment2023-07-3106326264ns5:WithinOneYearns5:CurrentFinancialInstruments2024-07-3106326264ns5:WithinOneYearns5:CurrentFinancialInstruments2023-07-3106326264ns10:OrdinaryShareClass12024-07-3106326264ns10:OrdinaryShareClass22024-07-31
REGISTERED NUMBER: 06326264 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 July 2024

for

Lord Collectables Limited

Lord Collectables Limited (Registered number: 06326264)

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










Page

Company information 1

Chartered accountants' report 2

Statement of financial position 3 to 4

Notes to the financial statements 5 to 7


Lord Collectables Limited

Company Information
for the Year Ended 31 July 2024







Directors: S D Lord
Mrs L L Lord





Secretary: S D Lord





Registered office: Bank House
Broad Street
Spalding
Lincolnshire
PE111TB





Business address: The Round House
Birchgrove Garden Centre
Surfleet Road Pinchbeck
Spalding
Lincolnshire
PE11 3XY





Registered number: 06326264 (England and Wales)





Accountants: Moore Thompson
Bank House
Broad Street
Spalding
Lincolnshire
PE11 1TB

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Lord Collectables Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of financial position. Readers are cautioned that the Income statement and certain other primary statements and the Report of the directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Lord Collectables Limited for the year ended 31 July 2024 which comprise the Statement of income and retained earnings, Statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Lord Collectables Limited, as a body, in accordance with the terms of our engagement letter dated 8 November 2018. Our work has been undertaken solely to prepare for your approval the financial statements of Lord Collectables Limited and state those matters that we have agreed to state to the Board of Directors of Lord Collectables Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Lord Collectables Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Lord Collectables Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Lord Collectables Limited. You consider that Lord Collectables Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Lord Collectables Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Moore Thompson
Bank House
Broad Street
Spalding
Lincolnshire
PE11 1TB


31 October 2024

Lord Collectables Limited (Registered number: 06326264)

Statement of Financial Position
31 July 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Intangible assets 5 72 595
Tangible assets 6 2,982 3,922
3,054 4,517

Current assets
Stocks 357,724 355,488
Debtors 7 3,053 783
Cash at bank 55,470 70,456
416,247 426,727
Creditors
Amounts falling due within one year 8 105,953 89,994
Net current assets 310,294 336,733
Total assets less current liabilities 313,348 341,250

Provisions for liabilities 580 858
Net assets 312,768 340,392

Capital and reserves
Called up share capital 9 100 100
Retained earnings 312,668 340,292
Shareholders' funds 312,768 340,392

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.

Lord Collectables Limited (Registered number: 06326264)

Statement of Financial Position - 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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 October 2024 and were signed on its behalf by:





S D Lord - Director


Lord Collectables Limited (Registered number: 06326264)

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


1. Statutory information

Lord Collectables 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. Statement of compliance

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.

3. Accounting policies

Basis of preparing the financial statements
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.

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.

Website are being amortised evenly over their estimated useful life of five years.

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 - 20% on reducing balance
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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.


Lord Collectables Limited (Registered number: 06326264)

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


3. Accounting policies - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

4. Employees and directors

The average number of employees during the year was 4 (2023 - 4 ) .

5. Intangible fixed assets
Website
£   
Cost
At 1 August 2023
and 31 July 2024 2,612
Amortisation
At 1 August 2023 2,017
Amortisation for year 523
At 31 July 2024 2,540
Net book value
At 31 July 2024 72
At 31 July 2023 595

Lord Collectables Limited (Registered number: 06326264)

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


6. Tangible fixed assets
Plant and
machinery Equipment Totals
£    £    £   
Cost
At 1 August 2023
and 31 July 2024 8,105 6,074 14,179
Depreciation
At 1 August 2023 5,306 4,951 10,257
Charge for year 560 380 940
At 31 July 2024 5,866 5,331 11,197
Net book value
At 31 July 2024 2,239 743 2,982
At 31 July 2023 2,799 1,123 3,922

7. Debtors: amounts falling due within one year
2024 2023
£    £   
Other debtors 3,053 783

8. Creditors: amounts falling due within one year
2024 2023
£    £   
Trade creditors 5,993 642
Taxation and social security 4,710 22,519
Other creditors 95,250 66,833
105,953 89,994

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
50 A Ordinary shares £1 50 50
50 B Ordinary shares £1 50 50
100 100