Llandaff Laminates Limited

Financial Statements for the Year Ended 31 March 2025

DIRECTORS:

M A Phillips

J A Phillips

SECRETARY:

M A Phillips

REGISTERED OFFICE:

Unit B Capital Point

Capital Business Park

Cardiff

CF3 2PY

REGISTERED NUMBER:

00929633 (England and Wales)

ACCOUNTANTS:

BPU Limited

Chartered Accountants

Radnor House

Greenwood Close

Cardiff Gate Business Park

Cardiff

CF23 8AA

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 Balance Sheet. 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.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Llandaff Laminates Limited for the year ended 31 March 2025 which comprise the Profit and Loss Account, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Llandaff Laminates Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Llandaff Laminates Limited and state those matters that we have agreed to state to the Board of Directors of Llandaff Laminates Limited, as a body, in this report in accordance with icaew/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Llandaff Laminates Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Llandaff Laminates Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Llandaff Laminates Limited. You consider that Llandaff Laminates Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Llandaff Laminates Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

BPU Limited

Chartered Accountants

3 September 2025

FIXED ASSETS

Intangible assets

3

5,530

5,530

Tangible assets

4

166,105

172,444

171,635

177,974

CURRENT ASSETS

Stocks

373,491

363,038

Debtors

5

305,261

272,687

Cash at bank and in hand

167,776

122,304

846,528

758,029

CREDITORS

Amounts falling due within one year

6

680,791

623,048

NET CURRENT ASSETS

165,737

134,981

TOTAL ASSETS LESS CURRENT LIABILITIES

337,372

312,955

CREDITORS

Amounts falling due after more than one year

7

(76,766

)

(72,805

)

PROVISIONS FOR LIABILITIES

(34,700

)

(16,700

)

NET ASSETS

225,906

223,450

CAPITAL AND RESERVES

Called up share capital

49

49

Capital redemption reserve

51

51

Retained earnings

225,806

223,350

SHAREHOLDERS' FUNDS

225,906

223,450

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 September 2025 and were signed on its behalf by:

M A Phillips - Director

1.	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 2012, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets, other than goodwill, is a Cherished number plate and is recorded at cost.

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

-

15% reducing balance

Fixtures and fittings

-

25% reducing balance

Motor vehicles

-

15% 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 Profit and Loss Account, 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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

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.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2024 - 16 ) .

3.	INTANGIBLE FIXED ASSETS

Cherished

number

Goodwill

plate

Totals

£

£

£

COST

At 1 April 2024

and 31 March 2025

5,250

5,530

10,780

AMORTISATION

At 1 April 2024

and 31 March 2025

5,250

-

5,250

NET BOOK VALUE

At 31 March 2025

-

5,530

5,530

At 31 March 2024

-

5,530

5,530

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 April 2024

244,352

59,425

240,901

544,678

Additions

-

-

39,350

39,350

Disposals

-

-

(69,808

)

(69,808

)

At 31 March 2025

244,352

59,425

210,443

514,220

DEPRECIATION

At 1 April 2024

187,155

58,406

126,673

372,234

Charge for year

8,579

255

16,547

25,381

Eliminated on disposal

-

-

(49,500

)

(49,500

)

At 31 March 2025

195,734

58,661

93,720

348,115

NET BOOK VALUE

At 31 March 2025

48,618

764

116,723

166,105

At 31 March 2024

57,197

1,019

114,228

172,444

Tangible assets are initially recorded at cost and subsequently stated at cost less any accumulated depreciation.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

287,987

249,451

Amounts owed by group undertakings

-

6,500

Other debtors & prepayments

17,274

16,736

305,261

272,687

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

3,531

9,648

Hire purchase contracts

25,928

28,109

Trade creditors

481,695

487,034

Amounts owed to group undertakings

43,500

-

Taxes & social security costs

81,272

52,283

Other creditors & accruals

44,865

45,974

680,791

623,048

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

10,419

14,726

Hire purchase contracts

66,347

58,079

76,766

72,805

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

92,275

86,188

The hire purchase contracts are secured over the assets to which they relate.

9.	ULTIMATE CONTROLLING PARTY

The controlling party is M A Phillips.