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REGISTERED NUMBER: 08755150 (England and Wales)











Financial Statements

for the Year Ended 31st December 2024

for

LAFFEY HANDRAILS LIMITED

LAFFEY HANDRAILS LIMITED (REGISTERED NUMBER: 08755150)






Contents of the Financial Statements
for the year ended 31st December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LAFFEY HANDRAILS LIMITED

Company Information
for the year ended 31st December 2024







DIRECTORS: C Laffey
Mrs D Laffey





REGISTERED OFFICE: Redhill Chambers
2d High Street
Redhill
Surrey
RH1 1RJ





REGISTERED NUMBER: 08755150 (England and Wales)





ACCOUNTANTS: Cheeld Wheeler & Co
Chartered Certified Accountants
Redhill Chambers
2d High Street
Redhill
Surrey
RH1 1RJ

LAFFEY HANDRAILS LIMITED (REGISTERED NUMBER: 08755150)

Balance Sheet
31st December 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 64,000 80,000
Tangible assets 5 31,170 20,778
95,170 100,778

CURRENT ASSETS
Debtors 6 104,026 139,409

CREDITORS
Amounts falling due within one year 7 154,642 132,695
NET CURRENT (LIABILITIES)/ASSETS (50,616 ) 6,714
TOTAL ASSETS LESS CURRENT
LIABILITIES

44,554

107,492

CREDITORS
Amounts falling due after more than one year 8 44,373 33,947
NET ASSETS 181 73,545

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 179 73,543
SHAREHOLDERS' FUNDS 181 73,545

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

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

LAFFEY HANDRAILS LIMITED (REGISTERED NUMBER: 08755150)

Balance Sheet - continued
31st December 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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30th April 2025 and were signed on its behalf by:





C Laffey - Director


LAFFEY HANDRAILS LIMITED (REGISTERED NUMBER: 08755150)

Notes to the Financial Statements
for the year ended 31st December 2024

1. STATUTORY INFORMATION

Laffey Handrails 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.

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 2014, is being amortised evenly over its estimated useful life of twelve 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
Motor vehicles - 25% on reducing balance

Taxation
Taxation for the year comprises current tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current 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 balance sheet date.

3. EMPLOYEES AND DIRECTORS

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

LAFFEY HANDRAILS LIMITED (REGISTERED NUMBER: 08755150)

Notes to the Financial Statements - continued
for the year ended 31st December 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st January 2024
and 31st December 2024 200,000
AMORTISATION
At 1st January 2024 120,000
Amortisation for year 16,000
At 31st December 2024 136,000
NET BOOK VALUE
At 31st December 2024 64,000
At 31st December 2023 80,000

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1st January 2024 7,062 41,985 49,047
Additions - 19,495 19,495
Disposals - (12,995 ) (12,995 )
At 31st December 2024 7,062 48,485 55,547
DEPRECIATION
At 1st January 2024 5,637 22,632 28,269
Charge for year 356 5,701 6,057
Eliminated on disposal - (9,949 ) (9,949 )
At 31st December 2024 5,993 18,384 24,377
NET BOOK VALUE
At 31st December 2024 1,069 30,101 31,170
At 31st December 2023 1,425 19,353 20,778

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 93,206 133,994
Directors' current accounts 9,197 -
VAT 1,623 5,415
104,026 139,409

LAFFEY HANDRAILS LIMITED (REGISTERED NUMBER: 08755150)

Notes to the Financial Statements - continued
for the year ended 31st December 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 63,073 36,687
Hire purchase contracts 12,197 7,757
Trade creditors 9,999 13,012
Tax 51,469 56,927
Social security and other taxes 919 1,254
Other creditors 14,485 14,486
Directors' current accounts - 72
Accrued expenses 2,500 2,500
154,642 132,695

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 26,895 23,825
Hire purchase contracts 17,478 10,122
44,373 33,947

Amounts falling due in more than five years:

Repayable by instalments
Hire purchase 17,478 10,122

9. CALLED UP SHARE CAPITAL

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

10. ULTIMATE CONTROLLING PARTY

The controlling party is C Laffey.