REGISTERED NUMBER: 02100158 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

LARCHTOWER ENGINEERING LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

P F Miles

J G Zaslawski

J R Zaslawski

SECRETARY:

J R Zaslawski

REGISTERED OFFICE:

Unit 1a Ashville Industrial Estate

Ashville Road

Gloucester

GL2 5EU

REGISTERED NUMBER:

02100158 (England and Wales)

ACCOUNTANTS:

Crowe U.K. LLP

4th Floor

St James House

St James Square

Cheltenham

Gloucestershire

GL50 3PR

FIXED ASSETS

Intangible assets

4

4,840

14,103

Tangible assets

5

582,983

478,174

587,823

492,277

CURRENT ASSETS

Stocks

1,734,835

1,634,152

Debtors

6

667,132

671,656

Cash at bank and in hand

43,762

133,816

2,445,729

2,439,624

CREDITORS

Amounts falling due within one year

7

899,465

870,097

NET CURRENT ASSETS

1,546,264

1,569,527

TOTAL ASSETS LESS CURRENT LIABILITIES

2,134,087

2,061,804

CREDITORS

Amounts falling due after more than one year

8

(204,680

)

(55,944

)

PROVISIONS FOR LIABILITIES

(83,587

)

(119,544

)

NET ASSETS

1,845,820

1,886,316

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

1,845,818

1,886,314

SHAREHOLDERS' FUNDS

1,845,820

1,886,316

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

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

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 11 September 2025 and were signed on its behalf by:

P F Miles - Director

1.	STATUTORY INFORMATION

Larchtower Engineering 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.

The directors consider that in preparing the financial statements they have taken into account all information available, and on this basis the financial statements are prepared on a going concern basis.

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 2004, 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.

Intellectual Property are being amortised evenly over their estimated useful life of four years.

Computer software is being amortised evenly over its estimated useful life of four years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on cost

Fixtures and fittings

-

20% on cost

Motor vehicles

-

25% on cost and 20% on cost

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 Statement of Comprehensive Income, 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 balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax, with the following exceptions:

Deferred tax assets are recognised only to the extent that directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.

Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantially enacted at the balance sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 54 ).

4.	INTANGIBLE FIXED ASSETS

Intellectual

Computer

Goodwill

Property

software

Totals

£

£

£

£

Cost

At 1 January 2024

and 31 December 2024

260,000

11,880

48,456

320,336

Amortisation

At 1 January 2024

257,083

10,276

38,874

306,233

Amortisation for year

2,917

160

6,186

9,263

At 31 December 2024

260,000

10,436

45,060

315,496

Net book value

At 31 December 2024

-

1,444

3,396

4,840

At 31 December 2023

2,917

1,604

9,582

14,103

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

Cost

At 1 January 2024

1,039,209

379,787

98,951

1,517,947

Additions

185,750

991

57,000

243,741

At 31 December 2024

1,224,959

380,778

155,951

1,761,688

Depreciation

At 1 January 2024

739,787

237,730

62,256

1,039,773

Charge for year

69,533

39,708

29,691

138,932

At 31 December 2024

809,320

277,438

91,947

1,178,705

Net book value

At 31 December 2024

415,639

103,340

64,004

582,983

At 31 December 2023

299,422

142,057

36,695

478,174

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

Motor

machinery

vehicles

Totals

£

£

£

Cost

At 1 January 2024

258,625

45,377

304,002

Additions

170,802

57,000

227,802

Transfer to ownership

(210,000

)

-

(210,000

)

At 31 December 2024

219,427

102,377

321,804

Depreciation

At 1 January 2024

89,827

14,234

104,061

Charge for year

42,943

25,594

68,537

Transfer to ownership

(85,750

)

-

(85,750

)

At 31 December 2024

47,020

39,828

86,848

Net book value

At 31 December 2024

172,407

62,549

234,956

At 31 December 2023

168,798

31,143

199,941

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

222,200

424,541

Other debtors

444,932

247,115

667,132

671,656

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

21,713

43,564

Hire purchase contracts (see note 9)

50,321

51,559

Trade creditors

648,865

556,003

Amounts owed to group undertakings

-

106,420

Taxation and social security

47,932

56,315

Other creditors

130,634

56,236

899,465

870,097

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Hire purchase contracts (see note 9)

204,680

55,944

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2024

2023

£

£

Net obligations repayable:

Within one year

50,321

51,559

Between one and five years

204,680

55,944

255,001

107,503

Non-cancellable

operating leases

2024

2023

£

£

Within one year

8,214

2,998

Between one and five years

7,816

999

16,030

3,997

10.	RELATED PARTY DISCLOSURES