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REGISTERED NUMBER: 06243797 (England and Wales)















LITTLEWOOD DEVELOPMENTS LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024






LITTLEWOOD DEVELOPMENTS LTD (REGISTERED NUMBER: 06243797)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Report of the Accountants 7

LITTLEWOOD DEVELOPMENTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: A Littlewood
R Parkes





SECRETARY: A Littlewood





REGISTERED OFFICE: 129 Denby Lane
Upper Denby
HUDDERSFIELD
West Yorkshire
HD8 8UN





REGISTERED NUMBER: 06243797 (England and Wales)





ACCOUNTANTS: FINLAYSON & CO
Whitby Court
Abbey Road
Shepley
HUDDERSFIELD
West Yorkshire
HD8 8EL

LITTLEWOOD DEVELOPMENTS LTD (REGISTERED NUMBER: 06243797)

STATEMENT OF FINANCIAL POSITION
31 MAY 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Property, plant and equipment 4 15,609 24,462

CURRENT ASSETS
Inventories 534,792 564,075
Debtors 5 41,162 7,322
Cash at bank 19,090 13,696
595,044 585,093
CREDITORS
Amounts falling due within one year 6 477,426 468,236
NET CURRENT ASSETS 117,618 116,857
TOTAL ASSETS LESS CURRENT
LIABILITIES

133,227

141,319

CREDITORS
Amounts falling due after more than one
year

7

13,337

23,338
NET ASSETS 119,890 117,981

CAPITAL AND RESERVES
Called up share capital 8 48 48
Capital redemption reserve 55 55
Retained earnings 119,787 117,878
SHAREHOLDERS' FUNDS 119,890 117,981

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

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

LITTLEWOOD DEVELOPMENTS LTD (REGISTERED NUMBER: 06243797)

STATEMENT OF FINANCIAL POSITION - continued
31 MAY 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 4 February 2025 and were signed on its behalf by:




A Littlewood - Director



R Parkes - Director


LITTLEWOOD DEVELOPMENTS LTD (REGISTERED NUMBER: 06243797)

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

1. STATUTORY INFORMATION

Littlewood Developments 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.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Turnover
Revenue 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and Machinery - 20% on reducing balance
Fixtures and Fittings - 20% on reducing balance
Motor Vehicles - 25% on cost
Computer Equipment - 33% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing inventories to their present location and condition.

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.

LITTLEWOOD DEVELOPMENTS LTD (REGISTERED NUMBER: 06243797)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

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

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Plant and and Motor Computer
Machinery Fittings Vehicles Equipment Totals
£    £    £    £    £   
COST
At 1 June 2023 41,679 4,298 49,450 2,074 97,501
Additions - 166 - - 166
At 31 May 2024 41,679 4,464 49,450 2,074 97,667
DEPRECIATION
At 1 June 2023 29,005 3,799 38,533 1,702 73,039
Charge for year 2,535 99 6,238 147 9,019
At 31 May 2024 31,540 3,898 44,771 1,849 82,058
NET BOOK VALUE
At 31 May 2024 10,139 566 4,679 225 15,609
At 31 May 2023 12,674 499 10,917 372 24,462

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
Vehicles
£   
COST
At 1 June 2023
and 31 May 2024 24,950
DEPRECIATION
At 1 June 2023 14,034
Charge for year 6,238
At 31 May 2024 20,272
NET BOOK VALUE
At 31 May 2024 4,678
At 31 May 2023 10,916

LITTLEWOOD DEVELOPMENTS LTD (REGISTERED NUMBER: 06243797)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 36,198 -
Other debtors 4,964 7,322
41,162 7,322

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts - 3,034
Trade creditors 30,022 32,597
Taxation and social security 22,343 7,236
Other creditors 415,061 415,369
477,426 468,236

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 13,337 23,338

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 48 48

9. RELATED PARTY DISCLOSURES

During the year the company repaid £6,388 (2023: £NIL) to A Littlewood a family member. At the year end £220,619 (2023: £227,007) was outstanding.

During the year the company was loaned £NIL (2023:£50,000) from a family member. At the year end £50,000 (2023:£50,000) was outstanding.

LITTLEWOOD DEVELOPMENTS LTD

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF
LITTLEWOOD DEVELOPMENTS LTD

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Statement of Financial Position you are responsible for the preparation of the financial statements for the year ended 31 May 2024 set out on pages three to eight and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






FINLAYSON & CO
Whitby Court
Abbey Road
Shepley
HUDDERSFIELD
West Yorkshire
HD8 8EL


4 February 2025