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Registered number: 08588014
Left Handed Giant Ltd.
Unaudited ABRIDGED Financial Statements
For the Period 1 July 2023 to 31 December 2024
CAD Accountancy Ltd
Left Handed Giant Ltd.
Contents
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—7
Page 1
Left Handed Giant Ltd.
Abridged Balance Sheet
As At 31 December 2024
Abridged Balance Sheet
Registered number: 08588014
31 December 2024 30 June 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 719,603 -
Tangible Assets 5 2,978,370 2,801,407
Investments 6 11,536 21,000
3,709,509 2,822,407
CURRENT ASSETS
Stocks 282,160 243,949
Debtors 1,260,300 568,465
Assets held for sale 138,225 -
Cash at bank and in hand 463,889 29,478
2,144,574 841,892
Creditors: Amounts Falling Due Within One Year (902,990 ) (666,190 )
NET CURRENT ASSETS (LIABILITIES) 1,241,584 175,702
TOTAL ASSETS LESS CURRENT LIABILITIES 4,951,093 2,998,109
Creditors: Amounts Falling Due After More Than One Year (2,906,609 ) (1,427,772 )
PROVISIONS FOR LIABILITIES
Deferred Taxation - (53,047 )
NET ASSETS 2,044,484 1,517,290
CAPITAL AND RESERVES
Called up share capital 9 14 12
Share premium account 2,578,054 1,419,556
Profit and Loss Account (533,584 ) 97,722
SHAREHOLDERS' FUNDS 2,044,484 1,517,290
Page 1
Page 2
Left Handed Giant Ltd.
Abridged Balance Sheet (continued)
As At 31 December 2024
For the period 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.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 31 December 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Bruce Gray
Director
30th September 2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Left Handed Giant Ltd.
Notes to the Abridged Financial Statements
For the Period 1 July 2023 to 31 December 2024
Notes to the Abridged Financial Statements
1. General Information
Left Handed Giant Ltd. is a private company, limited by shares, incorporated in England & Wales, registered number 08588014 . The registered office is Unit 3 Wadehurst Industrial Park, St Phillips Road, Bristol, BS2 0JE.
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. Going Concern Disclosure
The directors have prepared forecasts and assessed facilities available and have the reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future, being a period at least 12 months from the signing of the financial statements. The company therefore continues to adopt the going concern basis in preparing its financial statements.
2.3. 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.
2.4. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of 10 years.
2.5. 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:
Improvements to property 10 - 250 years straight line
Plant & Machinery 3 - 10 years straight line
Motor Vehicles 5 years straight line
Fixtures & Fittings 3 - 10 years straight line
Computer Equipment 3 years straight line
2.6. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.7. 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.
2.8. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Page 3
Page 4
Left Handed Giant Ltd.
Notes to the Abridged Financial Statements (continued)
For the Period 1 July 2023 to 31 December 2024
2.9. 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 years 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.
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 assets reflect 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 and deferred tax are recognised in profit or loss for the period, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 83 (2023: 51)
83 51
4. Intangible Assets
Total
£
Cost
As at 1 July 2023 -
Additions 838,083
As at 31 December 2024 838,083
Amortisation
As at 1 July 2023 -
Provided during the period 118,480
As at 31 December 2024 118,480
Net Book Value
As at 31 December 2024 719,603
As at 1 July 2023 -
Page 4
Page 5
Left Handed Giant Ltd.
Notes to the Abridged Financial Statements (continued)
For the Period 1 July 2023 to 31 December 2024
5. Tangible Assets
Total
£
Cost
As at 1 July 2023 3,401,618
Additions 475,603
Disposals (1,723 )
As at 31 December 2024 3,875,498
Depreciation
As at 1 July 2023 600,211
Provided during the period 298,353
Disposals (1,436 )
As at 31 December 2024 897,128
Net Book Value
As at 31 December 2024 2,978,370
As at 1 July 2023 2,801,407
6. Investments
Total
£
Cost
As at 1 July 2023 21,000
Additions 10,536
As at 31 December 2024 31,536
Provision
As at 1 July 2023 -
Impairment losses 20,000
As at 31 December 2024 20,000
Net Book Value
As at 31 December 2024 11,536
As at 1 July 2023 21,000
7. Secured Creditors
On 4 August 2023 the company refinanced existing loans into new borrowing totalling £2,500,000. Interest is charged on the loan at a rate of 4% above base per annum, payable from 4 August 2023. The loan is fixed and is secured on the leasehold property held within the company.
31 December 2024 30 June 2023
£ £
Bank loans and overdrafts 2,394,712 -
Page 5
Page 6
Left Handed Giant Ltd.
Notes to the Abridged Financial Statements (continued)
For the Period 1 July 2023 to 31 December 2024
8. Obligations Under Finance Leases and Hire Purchase
31 December 2024 30 June 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 3,493 44,045
Later than one year and not later than five years 10,983 21,794
14,476 65,839
14,476 65,839
9. Share Capital
31 December 2024 30 June 2023
£ £
Allotted, Called up and fully paid 14 12
10. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
31 December 2024 30 June 2023
£ £
Not later than one year 130,629 76,532
Later than one year and not later than five years 437,498 280,000
Later than five years - 64,167
568,127 420,699
11. Related Party Transactions
Transactions with directors:
During the period, B Gray was issued with loan notes totalling £633,206. Of this balance, £226,483 was repaid during the period and interest of £13,693 had accrued. At the period end date, the amount outstanding was £420,416.
During the period, J Granger was issued with loan notes totalling £42,214. Of this balance, £13,151 was repaid during the period and interest of £935 had accrued. At the period end date, the amount outstanding was £29,998.
During the period, R Poole was issued with loan notes totalling £1,919. Of this balance, £NIL was repaid during the period and interest of £54 had accrued.  At the period end date,  the amount outstanding was £1,973.
During the period, B Molyneux was issued with loan notes totalling £26,863. Of this balance, £NIL was repaid during the period and interest of £760 had accrued. At the period end date, the amount outstanding was £27,623.
Transactions with other related parties:
During the period,  the company provided a loan to a company under common control of £46,500 (2023: £77,500).  The total loan amounted to £124,000 and was written off in the period, when Left Handed Giant Ltd disposed of the shareholding. 
During the period,  the company provided a loan to a company under common control of £7,120 (2023: £nil).  At the period end date the amount due from the company was £7,120.
During the period,  the company provided a loan to a company under common control of £29,500 (2023: £nil).  At the period end date the amount due from the company was £29,500.
During the period,  the company provided a loan to a company under common control of £3,619 (2023: £nil).  At the period end date the amount due from the company was £3,619.
...CONTINUED
Page 6
Page 7
Left Handed Giant Ltd.
Notes to the Abridged Financial Statements (continued)
For the Period 1 July 2023 to 31 December 2024
11. Related Party Transactions - continued
During the period, a close relative of B Gray was issued with loan notes totalling £1,919. Of this balance, £NIL was repaid during the period and interest of £54 had accrued. At the period end date, the amount outstanding was £1,973.
During the period, a close relative of B Gray was issued with loan notes totalling £19,188. Of this balance, £NIL was repaid during the period and interest of £543 had accrued. At the period end date, the amount outstanding was £19,731.
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