REGISTERED NUMBER: 13216895 (England and Wales)

Unaudited Financial Statements for the Year Ended 28 February 2025

for

LD Engineering (Scunthorpe) Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

B J Dickinson

J J Lawton

REGISTERED OFFICE:

Bridge Works

Burringham Road

Scunthorpe

North Lincolnshire

DN17 3LT

REGISTERED NUMBER:

13216895 (England and Wales)

ACCOUNTANTS:

Discount Accountancy Services

7 Purbeck Road

Scunthorpe

North Lincolnshire

DN17 1TY

FIXED ASSETS

Tangible assets

4

209,194

133,708

CURRENT ASSETS

Stocks

15,000

10,000

Debtors

5

12,291

38,722

Cash at bank and in hand

11,150

5,499

38,441

54,221

CREDITORS

Amounts falling due within one year

6

96,513

86,046

NET CURRENT LIABILITIES

(58,072

)

(31,825

)

TOTAL ASSETS LESS CURRENT LIABILITIES

151,122

101,883

CREDITORS

Amounts falling due after more than one year

7

108,163

56,650

NET ASSETS

42,959

45,233

RESERVES

Retained earnings

42,959

45,233

42,959

45,233

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 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 22 August 2025 and were signed on its behalf by:

B J Dickinson - Director

J J Lawton - Director

1.	STATUTORY INFORMATION

LD Engineering (Scunthorpe) Ltd 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 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 etc

-

20% 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.

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 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 March 2024

179,730

Additions

109,794

At 28 February 2025

289,524

DEPRECIATION

At 1 March 2024

46,022

Charge for year

34,308

At 28 February 2025

80,330

NET BOOK VALUE

At 28 February 2025

209,194

At 29 February 2024

133,708

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Trade debtors

12,040

38,482

Other debtors

251

240

12,291

38,722

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Hire purchase contracts

36,468

17,868

Trade creditors

3,299

6,889

Taxation and social security

3,700

14,487

Other creditors

53,046

46,802

96,513

86,046

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28.2.25

29.2.24

£

£

Hire purchase contracts

108,163

56,650

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 28 February 2025 and 29 February 2024:

28.2.25

29.2.24

£

£

B J Dickinson

Balance outstanding at start of year

(22,564

)

(20,440

)

Amounts advanced

16,852

17,876

Amounts repaid

(20,000

)

(20,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(25,712

)

(22,564

)

J J Lawton

Balance outstanding at start of year

(22,564

)

(20,440

)

Amounts advanced

16,852

17,876

Amounts repaid

(20,000

)

(20,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(25,712

)

(22,564

)