REGISTERED NUMBER: 07468483 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

LDN JOINERY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Dale Baron

Ian Baron

Nivan S Baron

REGISTERED OFFICE:

Cleveland House

1-10 Sitwell Street

KINGSTON UPON HULL

East Yorkshire

HU8 7BE

REGISTERED NUMBER:

07468483 (England and Wales)

ACCOUNTANTS:

G & C Professionals Limited

trading as Graham & Company

Chartered Certified Accountants

Cleveland House

1-10 Sitwell Street

KINGSTON UPON HULL

East Yorkshire

HU8 7BE

FIXED ASSETS

Tangible assets

4

315,248

322,268

CURRENT ASSETS

Stocks

5

231,809

177,406

Debtors

6

368,358

266,729

Cash at bank

95,943

24,655

696,110

468,790

CREDITORS

Amounts falling due within one year

7

614,925

359,859

NET CURRENT ASSETS

81,185

108,931

TOTAL ASSETS LESS CURRENT LIABILITIES

396,433

431,199

CREDITORS

Amounts falling due after more than one year

8

5,000

77,000

NET ASSETS

391,433

354,199

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

11

391,333

354,099

SHAREHOLDERS' FUNDS

391,433

354,199

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 29 September 2025 and were signed on its behalf by:

Dale Baron - Director

Ian Baron - Director

Nivan S Baron - Director

1.	STATUTORY INFORMATION

LDN JOINERY 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.

Turnover

Turnover represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

20% on cost

Computer equipment

-

33% on reducing balance

Stocks

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 items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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 27 (2023 - 25 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 January 2024

241,800

92,118

11,492

Additions

-

3,000

-

Disposals

-

-

-

At 31 December 2024

241,800

95,118

11,492

DEPRECIATION

At 1 January 2024

-

37,033

4,969

Charge for year

-

8,352

970

Eliminated on disposal

-

-

-

At 31 December 2024

-

45,385

5,939

NET BOOK VALUE

At 31 December 2024

241,800

49,733

5,553

At 31 December 2023

241,800

55,085

6,523

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 January 2024

37,950

3,157

386,517

Additions

11,200

-

14,200

Disposals

(11,450

)

-

(11,450

)

At 31 December 2024

37,700

3,157

389,267

DEPRECIATION

At 1 January 2024

20,750

1,497

64,249

Charge for year

4,750

498

14,570

Eliminated on disposal

(4,800

)

-

(4,800

)

At 31 December 2024

20,700

1,995

74,019

NET BOOK VALUE

At 31 December 2024

17,000

1,162

315,248

At 31 December 2023

17,200

1,660

322,268

5.

STOCKS

2024

2023

£

£

Materials and fittings

6,842

5,567

Work in progress

224,967

171,839

231,809

177,406

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

137,875

84,377

Other debtors

-

9,000

VAT

224,582

166,880

Prepayments

5,901

6,472

368,358

266,729

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts (see note 9)

10,000

10,000

Trade creditors

478,723

284,895

Corporation tax

74,752

26,738

Social security and other taxes

19,301

13,395

Other creditors

3,199

2,202

Directors' loan accounts

7,142

5,433

Accrued expenses

21,808

17,196

614,925

359,859

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans (see note 9)

5,000

15,000

Directors' loan accounts

-

62,000

5,000

77,000

9.

LOANS

An analysis of the maturity of loans is given below:

2024

2023

£

£

Amounts falling due within one year or on demand:

Bank loans payable in less

than one year

10,000

10,000

10,000

10,000

Amounts falling due between one and two years:

Bank loans payable in one to two years

5,000

10,000

Amounts falling due between two and five years:

Bank loans payable in two to five years

-

5,000

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

100

Ordinary

£1

100

100

11.

RESERVES

Retained

earnings

£

At 1 January 2024

354,099

Profit for the year

217,234

Dividends

(180,000

)

At 31 December 2024

391,333