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REGISTERED NUMBER: 03836913 (England and Wales)












FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

LUKES & GODWIN LIMITED

LUKES & GODWIN LIMITED (REGISTERED NUMBER: 03836913)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


LUKES & GODWIN LIMITED

COMPANY INFORMATION
for the Year Ended 30 September 2024







DIRECTORS: S L Middleton
S Middleton





SECRETARY: Mrs S A Middleton





REGISTERED OFFICE: Unit 7
Hamilton Court
Oakham Business Park
Mansfield
Nottinghamshire
NG18 5FB





REGISTERED NUMBER: 03836913 (England and Wales)





ACCOUNTANTS: Langham Carter
Darwin Court Darwin Drive
Sherwood Energy Village
New Ollerton
Newark
Nottinghamshire
NG22 9FE

LUKES & GODWIN LIMITED (REGISTERED NUMBER: 03836913)

BALANCE SHEET
30 September 2024

30.9.23 30.9.24
£    £    Notes £   
FIXED ASSETS
64,613 Tangible assets 4 87,141

CURRENT ASSETS
90,555 Stocks 95,444
313,253 Debtors 5 395,461
352,369 Cash at bank 415,475
756,177 906,380
CREDITORS
390,281 Amounts falling due within one year 6 488,706
365,896 NET CURRENT ASSETS 417,674
430,509 TOTAL ASSETS LESS CURRENT
LIABILITIES

504,815

CAPITAL AND RESERVES
200 Called up share capital 200
430,309 Retained earnings 504,615
430,509 SHAREHOLDERS' FUNDS 504,815

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

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 16 April 2025 and were signed on its behalf by:





S L Middleton - Director


LUKES & GODWIN LIMITED (REGISTERED NUMBER: 03836913)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Lukes & Godwin 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.

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.
Fixtures and fittings - 15% on reducing balance
Plant and machinery - 15% on reducing balance
Office equipment - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stock and work in progress
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.

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 16 (2023 - 17 ) .

LUKES & GODWIN LIMITED (REGISTERED NUMBER: 03836913)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Plant and
Totals fittings machinery
£    £    £   
COST
At 1 October 2023 216,396 23,459 12,704
Additions 49,760 - -
At 30 September 2024 266,156 23,459 12,704
DEPRECIATION
At 1 October 2023 151,783 14,611 10,024
Charge for year 27,232 1,327 402
At 30 September 2024 179,015 15,938 10,426
NET BOOK VALUE
At 30 September 2024 87,141 7,521 2,278
At 30 September 2023 64,613 8,848 2,680

Office Motor Computer
equipment vehicles equipment
£    £    £   
COST
At 1 October 2023 15,562 145,276 19,395
Additions - 49,760 -
At 30 September 2024 15,562 195,036 19,395
DEPRECIATION
At 1 October 2023 13,481 94,850 18,817
Charge for year 312 25,046 145
At 30 September 2024 13,793 119,896 18,962
NET BOOK VALUE
At 30 September 2024 1,769 75,140 433
At 30 September 2023 2,081 50,426 578

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 369,402 289,700
Prepayments 26,059 23,553
395,461 313,253

LUKES & GODWIN LIMITED (REGISTERED NUMBER: 03836913)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Hire purchase contracts 22,067 -
Trade creditors 298,516 194,074
Tax 65,041 42,612
Social security and other taxes 55,922 74,241
Other creditors 21,525 2,277
Directors' current accounts 18,985 68,986
Accrued expenses 6,650 8,091
488,706 390,281