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REGISTERED NUMBER: 04903058 (England and Wales)












FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH SEPTEMBER 2024

FOR

FRENCH LUDLAM & CO LIMITED

FRENCH LUDLAM & CO LIMITED (REGISTERED NUMBER: 04903058)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


FRENCH LUDLAM & CO LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH SEPTEMBER 2024







DIRECTORS: S B Ludlam FCCA
J R Fullman FCCA
J Dunn FCCA
Mrs S L Mills FCCA





SECRETARY: Mrs E L Ludlam





REGISTERED OFFICE: Mountfield House
661 High Street
Kingswinford
West Midlands
DY6 8AL





REGISTERED NUMBER: 04903058 (England and Wales)

FRENCH LUDLAM & CO LIMITED (REGISTERED NUMBER: 04903058)

STATEMENT OF FINANCIAL POSITION
30TH SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 2,500
Tangible assets 5 22,359 27,594
22,359 30,094

CURRENT ASSETS
Debtors 6 805,886 729,761
Cash at bank and in hand 184,183 88,877
990,069 818,638
CREDITORS
Amounts falling due within one year 7 245,117 187,043
NET CURRENT ASSETS 744,952 631,595
TOTAL ASSETS LESS CURRENT
LIABILITIES

767,311

661,689

PROVISIONS FOR LIABILITIES 5,461 6,742
NET ASSETS 761,850 654,947

CAPITAL AND RESERVES
Called up share capital 111 111
Retained earnings 761,739 654,836
SHAREHOLDERS' FUNDS 761,850 654,947

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

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

FRENCH LUDLAM & CO LIMITED (REGISTERED NUMBER: 04903058)

STATEMENT OF FINANCIAL POSITION - continued
30TH SEPTEMBER 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 26th June 2025 and were signed on its behalf by:





S B Ludlam FCCA - Director


FRENCH LUDLAM & CO LIMITED (REGISTERED NUMBER: 04903058)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2024

1. STATUTORY INFORMATION

French Ludlam & Co 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 25% on reducing balance
Computer equipment - 25% on reducing balance

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
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.

FRENCH LUDLAM & CO LIMITED (REGISTERED NUMBER: 04903058)

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

2. ACCOUNTING POLICIES - continued

Amounts to be billed to clients
Services provided to clients, which at the balance sheet date have not been billed to clients, have been recognised as turnover. Turnover recognised in this manner is based on an assessment of the fair value of the services provided at the balance sheet date as a proportion of the total value of the engagement. Provision is made against unbilled amounts on those engagements where the right to receive payment is contingent on factors outside the control of the company. Unbilled revenue is included in debtors.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2023 - 19 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st October 2023
and 30th September 2024 600,000
AMORTISATION
At 1st October 2023 597,500
Charge for year 2,500
At 30th September 2024 600,000
NET BOOK VALUE
At 30th September 2024 -
At 30th September 2023 2,500

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st October 2023 164,343
Additions 2,218
At 30th September 2024 166,561
DEPRECIATION
At 1st October 2023 136,749
Charge for year 7,453
At 30th September 2024 144,202
NET BOOK VALUE
At 30th September 2024 22,359
At 30th September 2023 27,594

FRENCH LUDLAM & CO LIMITED (REGISTERED NUMBER: 04903058)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 224,657 209,956
Amounts recoverable on contract 544,766 481,187
Other debtors 36,463 38,618
805,886 729,761

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 14,870 17,192
Taxation and social security 226,523 167,183
Other creditors 3,724 2,668
245,117 187,043