Landsul Limited iXBRL

Company Registration Number: 08020181

Landsul Limited

Unaudited Financial Statements

for the financial year ended 31 December 2024

Landsul Limited

DIRECTOR AND OTHER INFORMATION


Director	Mr Alan Ring


Company Secretary	Mr Alan Ring


Company Registration Number	08020181


Registered Office	Dene Park
	Stratford Road
	Wellesbourne
	Warwickshire
	CV35 9RY
	United Kingdom


Business Address	Unit 3 Norman Road
	Belvedere
	Kent
	DA17 6LD


Accountants	CSG Professional Services UK Limited
	Chartered Certified Accountants and Statutory Auditors
	3 Day Place
	Tralee
	County Kerry
	Republic of Ireland


Bankers	Allied Irish Bank
	92 Ann Street
	Belfast
	BT1 3HH


Solicitors	Tozers Solicitors LLP
	Broadwalk House
	Southernhay West
	Exter
	Devon
	EX1 IUA
	United Kingdom

Landsul Limited

Company Registration Number: 08020181

BALANCE SHEET

as at 31 December 2024

		2024	2023
	Notes	£	£

Fixed Assets

Property, plant and equipment

4,183,948

4,266,973

─────────

Current Assets

Debtors

3,385,921

3,012,297

Cash and cash equivalents

58,588

423,886

─────────

3,444,509

3,436,183

─────────

Creditors: amounts falling due within one year

(1,482,169)

(1,933,488)

─────────

Net Current Assets

1,962,340

1,502,695

─────────

Total Assets less Current Liabilities

6,146,288

5,769,668

Provisions for liabilities

(22,429)

(19,877)

─────────

Net Assets

6,123,859

5,749,791

═════════

Capital and Reserves

Called up share capital

4,001,000

4,001,000

Retained earnings

2,122,859

1,748,791

─────────

Equity attributable to owners of the company

6,123,859

5,749,791

═════════

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).

The company has taken advantage of the exemption under section 444 not to file the Income Statement and Director's Report.

For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.

Approved by the Director and authorised for issue on 26 September 2025



Mr Alan Ring
Director

Landsul Limited

NOTES TO THE FINANCIAL STATEMENTS

for the financial year ended 31 December 2024

General Information

Landsul Limited is a company limited by shares incorporated in the United Kingdom. The company's registered office is at Dene Park, Stratford Road, Wellesbourne, Warwickshire CV35 9RY United Kingdom. The Company is involved in the fitting and servicing of windows and doors.

Summary of Significant Accounting Policies

The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.

Statement of compliance

The financial statements of the company for the year ended 31 December 2024 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.

Revenue

Turnover represents the total invoice value, excluding value added tax, of sales made during the year. Turnover is recognised to the extent that the company obtains the right to consideration in exchange for its performance, usually on the dispatch of the goods and completion of its service.

Property, plant and equipment and depreciation

Property, plant and equipment are initially stated at cost or at valuation and subsequently measured at cost, less accumulated depreciation and any impairment losses. The charge to depreciation is calculated to write off the original cost or valuation of property, plant and equipment, less their estimated residual value, over their expected useful lives as follows:

Buildings freehold

2% Straight line

Plant and machinery

12.5% Straight line & 4% Straight line

Fixtures, fittings and equipment

25% straight line

Impairment

At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss.

If an impairment loss subsequently reverses, the carry amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

Site cost has not been depreciated.

Leasing

Rentals payable under operating leases are dealt with in the Income Statement as incurred over the period of the rental agreement.

Trade and other debtors

Basic financial assets, including trade and other debtors are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest rate method.

At each balance sheet date financial assets, including trade and other debtors, measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the profit and loss account. Therefore, where the directors conclude that amounts in respect of trade and other debtors are not recoverable, a bad debt provision is recognised.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the Balance Sheet bank overdrafts are shown within Creditors.

Provisions

Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.

Trade and other creditors

Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities.

Taxation and deferred taxation

Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

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 tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements.

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

Foreign currencies

i. Functional and presentation currency

The company's functional and presentation currency is the pound sterling.

ii.Transactions and balances

Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Income Statement.

Ordinary share capital

The ordinary share capital of the company is presented as equity.


3.	Labour and subcontractor costs

	The company has no employees. It uses the services of a related labour-only contractor business to fulfil its labour needs. It is invoiced on a monthly basis for the gross cost of all labour services supplied to it, with all attributable taxation and national insurance contributions, being submitted and discharged by the labour-only contractor.

		2024	2023
		£	£

	Labour and subcontractor costs	2,365,067	2,417,796
		═════════	═════════

Directors' remuneration

The director is not remunerated through the company (2023: £Nil). The director is remunerated by a related company as part of his wider executive role.


5.	Property, plant and equipment
		Buildings	Plant and	Fixtures,	Total
		freehold	machinery	fittings and
				equipment
		£	£	£	£
	Cost
	At 1 January 2024	4,086,754	865,234	-	4,951,988
	Additions	-	-	17,403	17,403
		─────────	─────────	─────────	─────────
	At 31 December 2024	4,086,754	865,234	17,403	4,969,391
		─────────	─────────	─────────	─────────
	Depreciation
	At 1 January 2024	360,193	324,822	-	685,015
	Charge for the financial year	51,720	47,620	1,088	100,428
		─────────	─────────	─────────	─────────
	At 31 December 2024	411,913	372,442	1,088	785,443
		─────────	─────────	─────────	─────────
	Net book value
	At 31 December 2024	3,674,841	492,792	16,315	4,183,948
		═════════	═════════	═════════	═════════
	At 31 December 2023	3,726,561	540,412	-	4,266,973
		═════════	═════════	═════════	═════════


6.	Debtors	2024	2023
		£	£

	Trade debtors	13,301	13,893
	Amounts owed by related parties	3,273,980	2,955,763
	Taxation (Note 8)	92,946	37,217
	Prepayments and accrued income	5,694	5,424
		─────────	─────────
		3,385,921	3,012,297
		═════════	═════════


7.	Creditors	2024	2023
	Amounts falling due within one year	£	£

	Trade creditors	82,763	14,814
	Amounts owed to related parties (Note 10)	1,375,022	1,883,943
	Taxation (Note 8)	-	14,560
	Accruals	24,384	20,171
		─────────	─────────
		1,482,169	1,933,488
		═════════	═════════


8.	Taxation	2024	2023
		£	£

	Debtors:
	VAT	31,266	-
	Corporation tax	61,680	37,217
		─────────	─────────
		92,946	37,217
		═════════	═════════
	Creditors:
	VAT	-	14,560
		═════════	═════════

Provisions for liabilities

The amounts provided for deferred taxation are analysed below:

Capital

Total

Total

allowances

2024

2023

At financial year start

19,877

19,877

18,297

Charged to profit and loss

2,552

2,552

1,580

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At financial year end

22,429

19,877

═════════


10.	Related party transactions

	Net balances with related parties:
		2024	2023
		£	£

	Trading amounts (due from) related parties	(1,898,958)	(1,071,820)
		═════════	═════════

11.

Post-Balance Sheet Events

There have been no significant events affecting the company since the year end.

12.

Related party transactions

Transactions and balances with related parties

Transactions during the year:

Sales: £4,144,956 (2023: £3,762,959);

Purchases: £2,959,319 (2023: £3,072,460)

Balances as as balance sheet date:

- Debtors: £3,273,980 (2023: £2,955,763);

- Creditors: £1,375,022 (2023: £1,883,943)

During the year the Company rented a property to a related party. A market value rent of £200,000 was charged (2023: £200,000).