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REGISTERED NUMBER: 08097086 (England and Wales)


















LUTHER & CO LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024






LUTHER & CO LTD (REGISTERED NUMBER: 08097086)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


LUTHER & CO LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTORS: S D Luther Esq
Mrs V Luther





REGISTERED OFFICE: 3 High Street
CONWY
North Wales
LL32 8DB





REGISTERED NUMBER: 08097086 (England and Wales)





ACCOUNTANTS: Hawley and Company
Chartered Accountants & Chartered Tax Advisers
First Floor Suite
23 Trinity Square
LLANDUDNO
North Wales
LL30 2RH

LUTHER & CO LTD (REGISTERED NUMBER: 08097086)

STATEMENT OF FINANCIAL POSITION
31 OCTOBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 3,612 4,470

CURRENT ASSETS
Stocks 43,714 32,384
Debtors 5 382 1,054
Cash at bank and in hand 3,116 425
47,212 33,863
CREDITORS
Amounts falling due within one year 6 22,002 13,990
NET CURRENT ASSETS 25,210 19,873
TOTAL ASSETS LESS CURRENT
LIABILITIES

28,822

24,343

CREDITORS
Amounts falling due after more than one year 7 (11,603 ) (13,873 )

PROVISIONS FOR LIABILITIES 8 (686 ) (849 )
NET ASSETS 16,533 9,621

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 16,531 9,619
SHAREHOLDERS' FUNDS 16,533 9,621

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

LUTHER & CO LTD (REGISTERED NUMBER: 08097086)

STATEMENT OF FINANCIAL POSITION - continued
31 OCTOBER 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 May 2025 and were signed on its behalf by:




Mrs V Luther - Director



S D Luther Esq - Director


LUTHER & CO LTD (REGISTERED NUMBER: 08097086)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1. STATUTORY INFORMATION

Luther & Co Ltd 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.

Revenue recognition
Turnover represents invoiced sales of goods, net of VAT and other allowances.

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 - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on reducing balance

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 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.

Pension costs and other post-retirement benefits
Pension contributions paid on behalf of directors are charged against profits in the accounting period in which they are paid.

Trade and other debtors
Trade and other debtors are initially recognised at their transaction price, less impairment losses for bad and doubtful debts.

Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks and other short-term highly liquid investments with original maturities of 3 months or less.

LUTHER & CO LTD (REGISTERED NUMBER: 08097086)

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

2. ACCOUNTING POLICIES - continued

Trade and other creditors
Trade and other creditors are initially recognised at their transaction price.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 November 2023
and 31 October 2024 678 6,859 3,922 11,459
DEPRECIATION
At 1 November 2023 641 3,448 2,900 6,989
Charge for year 9 512 337 858
At 31 October 2024 650 3,960 3,237 7,847
NET BOOK VALUE
At 31 October 2024 28 2,899 685 3,612
At 31 October 2023 37 3,411 1,022 4,470

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors - 1,054
Prepayments 382 -
382 1,054

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 2,180 3,230
Trade creditors 5,375 3,466
Tax 5,537 -
Social security and other taxes 4,546 3,761
Other creditors - 1,077
Directors' current accounts 2,973 1,379
Accrued expenses 1,391 1,077
22,002 13,990

LUTHER & CO LTD (REGISTERED NUMBER: 08097086)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loan 11,603 13,873

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 686 849

Deferred
tax
£   
Balance at 1 November 2023 849
Accelerated capital allowances (163 )
Balance at 31 October 2024 686

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2