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LIGNUM SURFBOARDS LIMITED

Registered Number
10803096
(England and Wales)

Unaudited Financial Statements for the Year ended
30 June 2024

LIGNUM SURFBOARDS LIMITED
Company Information
for the year from 1 July 2023 to 30 June 2024

Director

VAN ROOYEN, Alen

Registered Address

Lignum Surf
Higher Aunemouth Farm
Bantham
TQ7 3AD

Registered Number

10803096 (England and Wales)
LIGNUM SURFBOARDS LIMITED
Balance Sheet as at
30 June 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets32,6983,778
2,6983,778
Current assets
Debtors92757
Cash at bank and on hand263577
3551,334
Creditors amounts falling due within one year4(4,465)(4,602)
Net current assets (liabilities)(4,110)(3,268)
Total assets less current liabilities(1,412)510
Creditors amounts falling due after one year5(862)(862)
Net assets(2,274)(352)
Capital and reserves
Profit and loss account(2,274)(352)
Shareholders' funds(2,274)(352)
The financial statements were approved and authorised for issue by the Director on 18 March 2025, and are signed on its behalf by:
VAN ROOYEN, Alen
Director
Registered Company No. 10803096
LIGNUM SURFBOARDS LIMITED
Notes to the Financial Statements
for the year ended 30 June 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Going concern
These accounts have been prepared on a going concern basis
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Plant and machinery7
Office Equipment3
2.Average number of employees

20242023
Average number of employees during the year00
3.Tangible fixed assets

Plant & machinery

Office Equipment

Total

£££
Cost or valuation
At 01 July 235,3243,7549,078
At 30 June 245,3243,7549,078
Depreciation and impairment
At 01 July 232,3912,9095,300
Charge for year7603201,080
At 30 June 243,1513,2296,380
Net book value
At 30 June 242,1735252,698
At 30 June 232,9338453,778
4.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables1,2411,653
Taxation and social security99
Other creditors2,3922,117
Accrued liabilities and deferred income823823
Total4,4654,602
Creditors include Directors Loan Account of £2,391.76
5.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts862862
Total862862