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REGISTERED NUMBER: 09595051 (England and Wales)




UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024

FOR

L & D BROTHERS LIMITED

L & D BROTHERS LIMITED (REGISTERED NUMBER: 09595051)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


L & D BROTHERS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTOR: D L Griffiths



REGISTERED OFFICE: 25 Grosvenor Road
Wrexham
LL11 1BT



REGISTERED NUMBER: 09595051 (England and Wales)



ACCOUNTANTS: M. D. Coxey and Co. Limited
Chartered Accountants
25 Grosvenor Road
Wrexham
LL11 1BT



BANKERS: Barclays Bank plc
51-52 Hope Street
Wrexham
LL11 1BB

L & D BROTHERS LIMITED (REGISTERED NUMBER: 09595051)

BALANCE SHEET
31ST MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 21,057 31,584
Tangible assets 5 35,196 45,601
56,253 77,185

CURRENT ASSETS
Stocks 6,700 9,010
Debtors 6 155,860 136,223
Cash at bank and in hand 43,085 8,285
205,645 153,518
CREDITORS
Amounts falling due within one year 7 139,172 88,417
NET CURRENT ASSETS 66,473 65,101
TOTAL ASSETS LESS CURRENT
LIABILITIES

122,726

142,286

CREDITORS
Amounts falling due after more than one
year

8

(22,500

)

(32,500

)

PROVISIONS FOR LIABILITIES (8,268 ) (10,812 )
NET ASSETS 91,958 98,974

CAPITAL AND RESERVES
Called up share capital 11 1 1
Retained earnings 91,957 98,973
SHAREHOLDERS' FUNDS 91,958 98,974

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

L & D BROTHERS LIMITED (REGISTERED NUMBER: 09595051)

BALANCE SHEET - continued
31ST MARCH 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 director and authorised for issue on 21st March 2025 and were signed by:





D L Griffiths - Director


L & D BROTHERS LIMITED (REGISTERED NUMBER: 09595051)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024

1. STATUTORY INFORMATION

L & D Brothers 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. 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 2016, is being amortised evenly over its estimated useful life of ten 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.

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 - 15% on cost
Motor vehicles - 20% on cost
Computer equipment - 15% on cost

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 balance sheet date.


L & D BROTHERS LIMITED (REGISTERED NUMBER: 09595051)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 8 (2023 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st April 2023
and 31st March 2024 105,273
AMORTISATION
At 1st April 2023 73,689
Amortisation for year 10,527
At 31st March 2024 84,216
NET BOOK VALUE
At 31st March 2024 21,057
At 31st March 2023 31,584

L & D BROTHERS LIMITED (REGISTERED NUMBER: 09595051)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

5. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1st April 2023 28,908 141,082 94,214 24,675 288,879
Additions - 6,292 - - 6,292
Disposals - - (850 ) - (850 )
At 31st March 2024 28,908 147,374 93,364 24,675 294,321
DEPRECIATION
At 1st April 2023 23,508 117,291 82,566 19,913 243,278
Charge for year 2,219 7,769 4,247 1,683 15,918
Eliminated on disposal - - (71 ) - (71 )
At 31st March 2024 25,727 125,060 86,742 21,596 259,125
NET BOOK VALUE
At 31st March 2024 3,181 22,314 6,622 3,079 35,196
At 31st March 2023 5,400 23,791 11,648 4,762 45,601

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 104,308 75,013
Other debtors 4,757 16,848
Directors' current accounts 34,556 32,070
Tax - 369
Prepayments and accrued income 12,239 11,923
155,860 136,223

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 68,702 58,426
Tax 13,591 -
Social security and other taxes 5,443 4,963
Pension control account 1,454 3,290
Wages control account 423 -
VAT 23,823 16,358
Other creditors 20,022 -
Accrued expenses 5,714 5,380
139,172 88,417

L & D BROTHERS LIMITED (REGISTERED NUMBER: 09595051)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans - 1-2 years 6,923 10,000
Bank loans - 2-5 years 15,577 22,500
22,500 32,500

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.3.24 31.3.23
£    £   
Within one year 30,000 30,000
Between one and five years 120,000 120,000
In more than five years - 30,000
150,000 180,000

10. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Bank loans 22,500 32,500

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
1 Ordinary £1 £1 1 1

12. CAPITAL COMMITMENTS
31.3.24 31.3.23
£    £   
Contracted but not provided for in the
financial statements - -

13. ULTIMATE CONTROLLING PARTY

The controlling party is D L Griffiths.