Company Registration No. 12147894 (England and Wales)
LTS Draughting LTD
Unaudited accounts
for the year ended 31 July 2025
LTS Draughting LTD
Unaudited accounts
Contents
LTS Draughting LTD
Company Information
for the year ended 31 July 2025
Company Number
12147894 (England and Wales)
Registered Office
3 Sellerdale Drive
Wyke
Bradford
West Yorkshire
BD12 9DA
Accountants
Small Business Accountancy
18 Stoney Hill
Rastrick
Brighouse
West Yorkshire
HD6 3BP
LTS Draughting LTD
Statement of financial position
as at 31 July 2025
Intangible assets
7,788
9,734
Cash at bank and in hand
23,033
13,832
Creditors: amounts falling due within one year
(13,912)
(15,552)
Net current assets
21,306
12,138
Total assets less current liabilities
29,473
22,378
Creditors: amounts falling due after more than one year
-
(3,156)
Provisions for liabilities
Called up share capital
10
10
Profit and loss account
29,391
19,116
Shareholders' funds
29,401
19,126
For the year ending 31 July 2025 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 27 October 2025 and were signed on its behalf by
L. Turner
Director
Company Registration No. 12147894
LTS Draughting LTD
Notes to the Accounts
for the year ended 31 July 2025
LTS Draughting LTD is a private company, limited by shares, registered in England and Wales, registration number 12147894. The registered office is 3 Sellerdale Drive, Wyke, Bradford, West Yorkshire, BD12 9DA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Intangible fixed assets are included at cost less accumulated amortisation.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% reducing balance
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
LTS Draughting LTD
Notes to the Accounts
for the year ended 31 July 2025
4
Intangible fixed assets
Other
Intangible assets are stated at their historical cost and amortised on a straight-line basis over their expected useful lives.
The cost of acquisition of new software is recognised as an intangible asset and is amortised over the expected useful life of the software of 10 years.
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Tangible fixed assets
Computer equipment
Amounts falling due within one year
Trade debtors
10,240
12,110
Accrued income and prepayments
1,945
1,748
LTS Draughting LTD
Notes to the Accounts
for the year ended 31 July 2025
7
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
3,156
4,170
Taxes and social security
8,861
7,190
Loans from directors
924
3,328
8
Creditors: amounts falling due after more than one year
2025
2024
9
Deferred taxation
2025
2024
Accelerated capital allowances
72
96
Provision at start of year
96
196
Credited to the profit and loss account
(24)
(100)
Provision at end of year
72
96
Allotted, called up and fully paid:
10 Ordinary shares of £1 each
10
10
11
Transactions with related parties
The company is in receipt of a loan amounting to £924.00 from a member of key management personnel. The loan is payable on demand and the rate of interest charged is 0%. At the balance sheet date, the loan was still outstanding and is presented within creditors: amounts falling due within one year.
During the year, total dividends of £27,400 (2024: £39,160) were paid to the director.
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Average number of employees
During the year the average number of employees was 1 (2024: 1).