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REGISTERED NUMBER: 01107343 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

LADWA (ENGINEERING) LIMITED

LADWA (ENGINEERING) LIMITED (REGISTERED NUMBER: 01107343)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


LADWA (ENGINEERING) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2024







DIRECTORS: S J Cottingham
T K Breen
A S Dilley
N J Dilley



SECRETARY: S J Cottingham



REGISTERED OFFICE: Sanders Lodge Industrial Estate
Wellingborough Road
Rushden
Northamptonshire
NN10 9BQ



REGISTERED NUMBER: 01107343 (England and Wales)



ACCOUNTANTS: Shaw Gibbs Limited
Eagle House
28 Billing Road
Northampton
NN1 5AJ



BANKERS: HSBC Bank Plc
High Street
Rushden
Northamptonshire
NN10 0NP

LADWA (ENGINEERING) LIMITED (REGISTERED NUMBER: 01107343)

STATEMENT OF FINANCIAL POSITION
30 NOVEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 47,354 49,278

CURRENT ASSETS
Stocks 3,000 3,000
Debtors 5 94,954 81,265
Cash at bank and in hand 754,121 709,462
852,075 793,727
CREDITORS
Amounts falling due within one year 6 147,521 120,122
NET CURRENT ASSETS 704,554 673,605
TOTAL ASSETS LESS CURRENT
LIABILITIES

751,908

722,883

PROVISIONS FOR LIABILITIES 10,820 10,339
NET ASSETS 741,088 712,544

CAPITAL AND RESERVES
Called up share capital 40 40
Capital redemption reserve 20 20
Retained earnings 741,028 712,484
SHAREHOLDERS' FUNDS 741,088 712,544

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

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

LADWA (ENGINEERING) LIMITED (REGISTERED NUMBER: 01107343)

STATEMENT OF FINANCIAL POSITION - continued
30 NOVEMBER 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 Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 April 2025 and were signed on its behalf by:




S J Cottingham - Director



T K Breen - Director


LADWA (ENGINEERING) LIMITED (REGISTERED NUMBER: 01107343)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024


1. STATUTORY INFORMATION

Ladwa (Engineering) 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.

Significant judgements and estimates
The preparation of financial statements requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the company accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the financial statements are disclosed within the individual accounting policies below.

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.
Freehold property - 2.5% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

Fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Where parts of an item of property, plant and equipment have different useful lives, they are accounted for as separate items of property, plant and equipment.

Depreciation methods, useful lives and residual values are reviewed at each balance sheet date. The selection of these residual values and estimated lives requires the exercise of judgement. The directors are required to assess whether there is an indication of impairment to the carrying value of assets. In making that assessment, judgements are made in estimating value in use. The directors consider that the individual carrying values of assets are supportable by their value in use.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

LADWA (ENGINEERING) LIMITED (REGISTERED NUMBER: 01107343)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024


2. ACCOUNTING POLICIES - continued

Financial instruments
Cash and cash equivalents in the balance sheet comprise cash at banks and in hand and short term deposits with an original maturity date of three months or less.

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the statement of comprehensive income under administrative expenses.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

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 statement of financial position date.

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.

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 7 (2023 - 7 ) .

LADWA (ENGINEERING) LIMITED (REGISTERED NUMBER: 01107343)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024


4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 December 2023 51,343 143,284 1,328
Additions - 360 4,550
At 30 November 2024 51,343 143,644 5,878
DEPRECIATION
At 1 December 2023 45,143 102,189 1,328
Charge for year - 6,219 -
At 30 November 2024 45,143 108,408 1,328
NET BOOK VALUE
At 30 November 2024 6,200 35,236 4,550
At 30 November 2023 6,200 41,095 -

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 December 2023 105,509 13,315 314,779
Additions - - 4,910
At 30 November 2024 105,509 13,315 319,689
DEPRECIATION
At 1 December 2023 105,509 11,332 265,501
Charge for year - 615 6,834
At 30 November 2024 105,509 11,947 272,335
NET BOOK VALUE
At 30 November 2024 - 1,368 47,354
At 30 November 2023 - 1,983 49,278

Included in freehold property is land valued at £6,200 which is not depreciated.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 79,607 77,574
Other debtors (1 ) 200
VAT 664 -
Prepayments and accrued income 14,684 3,491
94,954 81,265

LADWA (ENGINEERING) LIMITED (REGISTERED NUMBER: 01107343)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 50,929 31,159
Tax 38,505 30,314
Social security and other taxes 23,424 -
VAT - 9,497
Wages control - 2,305
Directors' current accounts 30,793 43,162
Accruals and deferred income 3,870 3,685
147,521 120,122