Lord Loudly Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 04121785

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		46,688		60,675

			46,688		60,675
CURRENT ASSETS
Stocks	5	900,125		957,365
Debtors	6	8,938		10,336
Cash at bank and in hand		329,006		262,961

		1,238,069		1,230,662
Creditors: Amounts Falling Due Within One Year	7	(196,321 )		(217,366 )

NET CURRENT ASSETS (LIABILITIES)			1,041,748		1,013,296

TOTAL ASSETS LESS CURRENT LIABILITIES			1,088,436		1,073,971

Creditors: Amounts Falling Due After More Than One Year	8		(4,164 )		(14,302 )

PROVISIONS FOR LIABILITIES
Provisions For Charges			(52,351 )		(71,307 )

NET ASSETS			1,031,921		988,362

CAPITAL AND RESERVES
Called up share capital	9		100		100
Profit and Loss Account			1,031,821		988,262

SHAREHOLDERS' FUNDS			1,031,921		988,362

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Lord Loudly Limited

Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Robert Langley

Director

12th September 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Lord Loudly Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04121785 . The registered office is 7-8 Donnington Park, Birdham Road, Chichester, West Sussex, PO20 7DU.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	10% straight line
Leasehold	over the term of the lease
Plant & Machinery	25% Reducing Balance
Motor Vehicles	25% Reducing Balance
Fixtures & Fittings	25% Reducing Balance
Computer Equipment	25% Reducing Balance

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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Lord Loudly Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.5. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 6 (2023: 7)

4. Tangible Assets

	Land & Property
	Freehold	Leasehold	Plant & Machinery	Motor Vehicles
	£	£	£	£
Cost
As at 1 January 2024	87,139	4,688	32,600	7,292
Additions	-	-	-	-

As at 31 December 2024	87,139	4,688	32,600	7,292

Depreciation
As at 1 January 2024	52,284	4,500	25,867	446
Provided during the period	8,713	188	1,571	1,712

As at 31 December 2024	60,997	4,688	27,438	2,158

Net Book Value
As at 31 December 2024	26,142	-	5,162	5,134

As at 1 January 2024	34,855	188	6,733	6,846


	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost
As at 1 January 2024	80,856	8,109	220,684
Additions	375	892	1,267

As at 31 December 2024	81,231	9,001	221,951

Depreciation
As at 1 January 2024	70,907	6,005	160,009
Provided during the period	2,602	468	15,254

As at 31 December 2024	73,509	6,473	175,263

Net Book Value
As at 31 December 2024	7,722	2,528	46,688

As at 1 January 2024	9,949	2,104	60,675

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Lord Loudly Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

5. Stocks

	2024	2023
	£	£
Stock - Vehicles	860,295	931,570
Costs re stock vehicles	37,330	23,295
Stock - Other	2,500	2,500

	900,125	957,365

6. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	1,425	3,572
Prepayments and accrued income	7,438	6,685
Sundry Debtors	75	75
Other taxes and social security	-	4

	8,938	10,336

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	10,799	21,894
Corporation tax	34,865	51,498
VAT	20,098	16,896
Net wages	737	737
A.E. Pension - creditors < 1 year)	141	142
Other creditors- customer deposits	51,995	52,500
BBL < 1 year)	10,648	10,648
Account J	28,443	26,518
Account Z	33,885	31,765
Lloyds TSB Credit Card (Current liabilities - creditors < 1 year)	2,876	3,043
Accruals and deferred income	1,560	1,540
Directors' loan accounts	274	185

	196,321	217,366

8. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
BBL (Long term liabilities - creditors > 1 year)	4,164	14,302

9. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	100	100

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