REGISTERED NUMBER: 07362368 (England and Wales)

Laidlaw (2010) Limited

Unaudited Financial Statements

for the Year Ended 30 September 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

J Laidlaw

REGISTERED OFFICE:

14 Carlisle Street

Newport

NP20 2JD

REGISTERED NUMBER:

07362368 (England and Wales)

ACCOUNTANTS:

Xeinadin South Wales & West Limited

Accountants & Business Advisors

Suite 1

Brecon House

Llantarnam Park

Cwmbran

NP44 3AB

FIXED ASSETS

Tangible assets

4

1,698,825

1,208,635

CURRENT ASSETS

Stocks

5,425

5,425

Debtors

5

63,460

52,159

68,885

57,584

CREDITORS

Amounts falling due within one year

6

378,724

320,484

NET CURRENT LIABILITIES

(309,839

)

(262,900

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,388,986

945,735

CREDITORS

Amounts falling due after more than one year

7

(674,622

)

(213,394

)

PROVISIONS FOR LIABILITIES

(206,000

)

(160,000

)

NET ASSETS

508,364

572,341

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

508,363

572,340

508,364

572,341

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 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 by the director and authorised for issue on 29 September 2025 and were signed by:

J Laidlaw - Director

1.	STATUTORY INFORMATION

Laidlaw (2010) 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Plant and machinery

-

12.5% 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.

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 2 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

property

machinery

Totals

£

£

£

COST

At 1 October 2023

145,857

1,350,352

1,496,209

Additions

463,000

209,585

672,585

Disposals

-

(109,050

)

(109,050

)

At 30 September 2024

608,857

1,450,887

2,059,744

DEPRECIATION

At 1 October 2023

-

287,574

287,574

Charge for year

-

106,281

106,281

Eliminated on disposal

-

(32,936

)

(32,936

)

At 30 September 2024

-

360,919

360,919

NET BOOK VALUE

At 30 September 2024

608,857

1,089,968

1,698,825

At 30 September 2023

145,857

1,062,778

1,208,635

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.24

30.9.23

£

£

Trade debtors

48,210

34,076

Other debtors

15,250

18,083

63,460

52,159

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.24

30.9.23

£

£

Bank loans and overdrafts

50,240

14,875

Hire purchase contracts

124,527

147,450

Trade creditors

99,334

67,454

Taxation and social security

36,854

43,683

Other creditors

67,769

47,022

378,724

320,484

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.24

30.9.23

£

£

Bank loans

464,395

44,326

Hire purchase contracts

164,627

118,468

Other creditors

45,600

50,600

674,622

213,394

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

425,431

-

8.	SECURED DEBTS

The following secured debts are included within creditors:

30.9.24

30.9.23

£

£

Hire purchase contracts

289,154

265,918

The hire purchase creditors are secured on the assets to which they relate.