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Registered number: 00219276
London Pressed Hinge Company Limited
Unaudited Financial Statements
For the Period 1 October 2023 to 31 December 2024
Richard Edwards Consultancy Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 00219276
31 December 2024 30 September 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 198,900 102,168
198,900 102,168
CURRENT ASSETS
Stocks 5 247,317 274,591
Debtors 6 188,774 154,608
Cash at bank and in hand 272,033 404,549
708,124 833,748
Creditors: Amounts Falling Due Within One Year 7 (33,450 ) (76,136 )
NET CURRENT ASSETS (LIABILITIES) 674,674 757,612
TOTAL ASSETS LESS CURRENT LIABILITIES 873,574 859,780
PROVISIONS FOR LIABILITIES
Deferred Taxation (21,918 ) (3,287 )
NET ASSETS 851,656 856,493
CAPITAL AND RESERVES
Called up share capital 8 89 89
Revaluation reserve 10 111 111
Profit and Loss Account 851,456 856,293
SHAREHOLDERS' FUNDS 851,656 856,493
Page 1
Page 2
For the period ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr G Hardy
Director
24/04/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
London Pressed Hinge Company Limited is a private company, limited by shares, incorporated in England & Wales, registered number 00219276 . The registered office is 6 Swinborne Drive, Springwood Industrial Estate, Braintree, Essex, CM7 2YG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 2% on cost
Plant & Machinery 20% and 25% on reducing balance
Motor Vehicles 25% reducing balance
Computer Equipment 25% reducing balance
2.4. Leasing and Hire Purchase Contracts
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Stocks 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 stocks. 
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the period, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 7 (2023: 8)
7 8
Page 3
Page 4
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £ £
Cost
As at 1 October 2023 117,744 679,784 67,005 130,820 995,353
Additions - - 103,067 - 103,067
As at 31 December 2024 117,744 679,784 170,072 130,820 1,098,420
Depreciation
As at 1 October 2023 32,877 673,480 57,988 128,840 893,185
Provided during the period 1,325 1,575 2,815 620 6,335
As at 31 December 2024 34,202 675,055 60,803 129,460 899,520
Net Book Value
As at 31 December 2024 83,542 4,729 109,269 1,360 198,900
As at 1 October 2023 84,867 6,304 9,017 1,980 102,168
5. Stocks
31 December 2024 30 September 2023
£ £
Stock 247,317 274,591
6. Debtors
31 December 2024 30 September 2023
£ £
Due within one year
Trade debtors 94,227 110,150
Other debtors 94,547 44,458
188,774 154,608
7. Creditors: Amounts Falling Due Within One Year
31 December 2024 30 September 2023
£ £
Trade creditors 16,429 54,597
Other creditors 3,094 9,594
Taxation and social security 13,927 11,945
33,450 76,136
8. Share Capital
31 December 2024 30 September 2023
£ £
Allotted, Called up and fully paid 89 89
Page 4
Page 5
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 October 2023 Amounts advanced Amounts repaid Amounts written off As at 31 December 2024
£ £ £ £ £
Mr Gideon Hardy 17,500 24,794 (17,500 ) - 24,794
Interest has been charged on the overdrawn directors loan account at the official rate.
10. Reserves
Revaluation Reserve
£
As at 1 October 2023 111
As at 31 December 2024 111
Page 5