REGISTERED NUMBER: 09917385 (England and Wales)

Unaudited Financial Statements

For The Year Ended 31st March 2025

for

Luke Sterry Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Certified Accountants' Report

7

DIRECTOR:

L J Sterry

REGISTERED OFFICE:

Westbrook House

Westbury on Severn

Gloucestershire

GL14 1LN

REGISTERED NUMBER:

09917385 (England and Wales)

ACCOUNTANTS:

Wildin (Accountants & Auditors) Ltd

Kings Buildings

Lydney

Gloucestershire

GL15 5HE

FIXED ASSETS

Tangible assets

4

184,532

175,011

CURRENT ASSETS

Stocks

5

85,000

53,000

Debtors

6

105,221

126,666

Cash at bank and in hand

170,508

167,074

360,729

346,740

CREDITORS

Amounts falling due within one year

7

82,565

119,185

NET CURRENT ASSETS

278,164

227,555

TOTAL ASSETS LESS CURRENT LIABILITIES

462,696

402,566

PROVISIONS FOR LIABILITIES

8

42,444

43,753

NET ASSETS

420,252

358,813

CAPITAL AND RESERVES

Called up share capital

9

1

1

Revaluation reserve

10

302,458

56,354

Retained earnings

10

117,793

302,458

SHAREHOLDERS' FUNDS

420,252

358,813

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved and authorised for issue by the director and authorised for issue on 24th July 2025 and were signed by:

L J Sterry - Director

1.	STATUTORY INFORMATION

Luke Sterry 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.

Turnover

Turnover 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.

Land and buildings

-

at varying rates on cost

Plant and machinery etc

-

25% on reducing balance and 15% on 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 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 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1st April 2024

17,698

320,664

338,362

Additions

-

41,437

41,437

At 31st March 2025

17,698

362,101

379,799

DEPRECIATION

At 1st April 2024

2,641

160,710

163,351

Charge for year

301

31,615

31,916

At 31st March 2025

2,942

192,325

195,267

NET BOOK VALUE

At 31st March 2025

14,756

169,776

184,532

At 31st March 2024

15,057

159,954

175,011

5.

STOCKS

31.3.25

31.3.24

£

£

Stocks

85,000

53,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Directors' current accounts

27,201

32,270

VAT

-

4,036

Debtors & Prepayments

78,020

90,360

105,221

126,666

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

48,132

99,968

Tax

32,083

17,617

VAT

575

-

Accrued expenses

1,775

1,600

82,565

119,185

8.	PROVISIONS FOR LIABILITIES

31.3.25

31.3.24

£

£

Deferred tax

42,444

43,753

Deferred

tax

£

Balance at 1st April 2024

43,753

Credit to Income Statement during year

(1,309

)

Balance at 31st March 2025

42,444

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

1

Ordinary

£1

1

1

10.

RESERVES

Retained

Revaluation

earnings

reserve

Totals

£

£

£

At 1st April 2024

56,354

302,458

358,812

Profit for the year

113,708

113,708

Dividends

(52,269

)

(52,269

)

At 31st March 2025

117,793

302,458

420,251

11.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st March 2025 and 31st March 2024:

31.3.25

31.3.24

£

£

L J Sterry

Balance outstanding at start of year

32,270

30,087

Amounts advanced

27,201

32,270

Amounts repaid

(32,270

)

(30,087

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

27,201

32,270

12.	RELATED PARTY DISCLOSURES

During the year, total dividends of £52,269 were paid to the director .

13.	ULTIMATE CONTROLLING PARTY

The controlling party is L J Sterry.

The following reproduces the text of the report prepared for the director 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 Director 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 Luke Sterry Ltd for the year ended 31st March 2025 which comprise the Income Statement, 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Luke Sterry Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Luke Sterry Ltd and state those matters that we have agreed to state to the director of Luke Sterry Ltd in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at

https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Luke Sterry Ltd 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 Luke Sterry Ltd. You consider that Luke Sterry Ltd 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 Luke Sterry Ltd. 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.

Wildin (Accountants & Auditors) Ltd

Kings Buildings

Lydney

Gloucestershire

GL15 5HE

Date: 24th July 2025