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Company Registration No. 02639460 (England and Wales)
Larter & Ford (Ironmongers) Limited Unaudited accounts for the year ended 31 March 2024
Larter & Ford (Ironmongers) Limited Unaudited accounts Contents
Page
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Larter & Ford (Ironmongers) Limited Company Information for the year ended 31 March 2024
Director
Mr Andrew Seager
Company Number
02639460 (England and Wales)
Registered Office
15 Market Hill Diss Norfolk IP22 4JZ ENGLAND
Accountants
Ratiobox Limited 17-19 Sawmills Road Diss IP22 4GG
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Larter & Ford (Ironmongers) Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
43,500 
43,500 
Tangible assets
10,746 
10,106 
Investments
1,500 
1,500 
55,746 
55,106 
Current assets
Inventories
80,000 
54,875 
Debtors
15,301 
13,700 
Cash at bank and in hand
9,943 
37,802 
105,244 
106,377 
Creditors: amounts falling due within one year
(34,687)
(42,128)
Net current assets
70,557 
64,249 
Net assets
126,303 
119,355 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
126,203 
119,255 
Shareholders' funds
126,303 
119,355 
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 27 November 2024 and were signed on its behalf by
Mr Andrew Seager Director Company Registration No. 02639460
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Larter & Ford (Ironmongers) Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Larter & Ford (Ironmongers) Limited is a private company, limited by shares, registered in England and Wales, registration number 02639460. The registered office is 15 Market Hill, Diss, Norfolk, IP22 4JZ, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing balance
Fixtures & fittings
25% Reducing balance
Computer equipment
25% Reducing balance
4
Intangible fixed assets
Other 
£ 
Cost
At 1 April 2023
43,500 
At 31 March 2024
43,500 
Amortisation
At 1 April 2023
- 
At 31 March 2024
- 
Net book value
At 31 March 2024
43,500 
At 31 March 2023
43,500 
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Larter & Ford (Ironmongers) Limited Notes to the Accounts for the year ended 31 March 2024
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 April 2023
2,750 
413 
6,500 
1,906 
11,569 
Additions
- 
- 
- 
3,293 
3,293 
At 31 March 2024
2,750 
413 
6,500 
5,199 
14,862 
Depreciation
At 1 April 2023
- 
411 
813 
239 
1,463 
Charge for the year
- 
- 
1,413 
1,240 
2,653 
At 31 March 2024
- 
411 
2,226 
1,479 
4,116 
Net book value
At 31 March 2024
2,750 
2 
4,274 
3,720 
10,746 
At 31 March 2023
2,750 
2 
5,687 
1,667 
10,106 
6
Investments
Other investments 
£ 
Valuation at 1 April 2023
1,500 
Valuation at 31 March 2024
1,500 
7
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
2,531 
930 
Other debtors
12,770 
12,770 
15,301 
13,700 
8
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
3,838 
3,052 
Trade creditors
4,192 
13,090 
Taxes and social security
4,268 
1,381 
Other creditors
2,515 
4,331 
Loans from directors
18,074 
18,074 
Accruals
1,800 
2,200 
34,687 
42,128 
9
Average number of employees
During the year the average number of employees was 4 (2023: 2).
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