REGISTERED NUMBER: 01034848

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

LEDLEY ENGINEERING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J.L. Winslade

K. Tilley

SECRETARY:

Mrs K. Tilley

REGISTERED OFFICE:

Unit 35

Vale Business Park

Llandow

Vale of Glamorgan

CF71 7PF

REGISTERED NUMBER:

01034848

ACCOUNTANTS:

Hayvenhursts Accountancy

Fairway House

Links Business Park

St Mellons

Cardiff

CF3 0LT

FIXED ASSETS

Tangible assets

4

1,219,408

1,221,078

CURRENT ASSETS

Debtors

5

19,177

28,753

Cash at bank and in hand

1,643,849

1,449,356

1,663,026

1,478,109

CREDITORS

Amounts falling due within one year

6

(101,824

)

(101,796

)

NET CURRENT ASSETS

1,561,202

1,376,313

TOTAL ASSETS LESS CURRENT LIABILITIES

2,780,610

2,597,391

CAPITAL AND RESERVES

Called up share capital

7

70

70

Revaluation reserve

8

36,000

36,000

Capital redemption reserve

8

12

12

Retained earnings

8

2,744,528

2,561,309

SHAREHOLDERS' FUNDS

2,780,610

2,597,391

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 September 2025 and were signed on its behalf by:

J.L. Winslade - Director

1.	STATUTORY INFORMATION

Ledley Engineering Limited is a private company, limited by shares , registered in Not specified/Other. 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 represents the value of goods and services supplied in the year, stated net of VAT.

Tangible fixed assets

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset as follows over the estimated useful life:

Plant and machinery 25% reducing balance

Motor vehicles 25% reducing balance

No depreciation is provided in respect of land and buildings which is not in accordance with FRS No 15 'Tangible Fixed Assets'. The directors are of the opinion that the open market valuation of the company's land and buildings is in excess of the original cost. In the absence of a professional valuation the directors are unable to quantify the excess. In the opinion of the directors there has been no impairment in relation to the company's land and buildings during the year.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Long

leasehold

land and

Plant and

Motor

buildings

machinery

vehicles

Totals

£

£

£

£

COST

At 1 January 2024

and 31 December 2024

1,696,994

322,909

28,100

2,048,003

DEPRECIATION

At 1 January 2024

482,686

316,590

27,649

826,925

Charge for year

-

1,580

90

1,670

At 31 December 2024

482,686

318,170

27,739

828,595

NET BOOK VALUE

At 31 December 2024

1,214,308

4,739

361

1,219,408

At 31 December 2023

1,214,308

6,319

451

1,221,078

The total of long leasehold land and buildings include buildings that were revalued in 1982 at £107,090. All other fixed assets including additions since 1982 are stated at cost.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

19,177

28,753

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors and accruals

4,774

6,874

Tax

61,630

55,326

Social security and other taxes

12,380

11,946

Directors' current accounts

23,040

27,650

101,824

101,796

The directors' accounts are interest-free and repayable upon demand.

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

70

Ordinary

£1

70

70

8.

RESERVES

Capital

Retained

Revaluation

redemption

earnings

reserve

reserve

Totals

£

£

£

£

At 1 January 2024

2,561,309

36,000

12

2,597,321

Profit for the year

183,219

183,219

At 31 December 2024

2,744,528

36,000

12

2,780,540

9.	ULTIMATE CONTROLLING PARTY

The company is owned by the directors.

10.	TRANSACTIONS WITH DIRECTORS

As at 31 December 2024 the company owed it's directors £27,650 (2023- £23,040). This amount is interest free and repayable upon demand.