Letting Works Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 6636227

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		145,981		164,229
Tangible Assets	5		4,577		4,866
Investments	6		-		17,519

			150,558		186,614
CURRENT ASSETS
Debtors	7	-		275
Cash at bank and in hand		1,135		6,185

		1,135		6,460
Creditors: Amounts Falling Due Within One Year	8	(100,149 )		(140,839 )

NET CURRENT ASSETS (LIABILITIES)			(99,014 )		(134,379 )

TOTAL ASSETS LESS CURRENT LIABILITIES			51,544		52,235

Creditors: Amounts Falling Due After More Than One Year	9		-		(5,000 )

NET ASSETS			51,544		47,235

CAPITAL AND RESERVES
Called up share capital	10		5		5
Profit and Loss Account			51,539		47,230

SHAREHOLDERS' FUNDS			51,544		47,235

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Letting Works Limited

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has 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.

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.

On behalf of the board

Mr Michael Talent-Doran

Director

18/11/2025

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Letting Works Limited is a private company, limited by shares, incorporated in England & Wales, registered number 6636227 . The registered office is 61 Stanifield Lane, Farington, Leyland, PR25 4WF.

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. 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.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. 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 profit and loss account over its estimated economic life of 10 years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. 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:

Plant & Machinery	20% straight line
Motor Vehicles	20% straight line

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Letting Works Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.5. Taxation

Income tax expense represents the tax currently payable.

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 year 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.

Current tax for the year is recognised in profit or loss, except when it relates to items that are recognised in other comprehensive income or directly in equity, in which case, the current tax is also recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 6 (2024: 6)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 April 2024	182,477

As at 31 March 2025	182,477

Amortisation
As at 1 April 2024	18,248
Provided during the period	18,248

As at 31 March 2025	36,496

Net Book Value
As at 31 March 2025	145,981

As at 1 April 2024	164,229

5. Tangible Assets

	Plant & Machinery	Motor Vehicles	Total
	£	£	£
Cost
As at 1 April 2024	15,048	1	15,049
Additions	-	2,238	2,238

As at 31 March 2025	15,048	2,239	17,287

...CONTINUED

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Letting Works Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

Depreciation
As at 1 April 2024	10,183	-	10,183
Provided during the period	2,079	448	2,527

As at 31 March 2025	12,262	448	12,710

Net Book Value
As at 31 March 2025	2,786	1,791	4,577

As at 1 April 2024	4,865	1	4,866

6. Investments

	Subsidiaries
	£
Cost or Valuation
As at 1 April 2024	17,519
Disposals	(17,519 )

As at 31 March 2025	-

Provision
As at 1 April 2024	-

As at 31 March 2025	-

Net Book Value
As at 31 March 2025	-

As at 1 April 2024	17,519

7. Debtors

	2025	2024
	£	£
Due within one year
Other debtors	-	275

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	1,635	16
Bank loans and overdrafts	5,000	4,000
Corporation tax	14,975	13,441
Other taxes and social security	407	-
VAT	9,725	8,931
Other creditors	206	190
Other creditors (1)	64,000	109,000

...CONTINUED

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Letting Works Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

Accruals and deferred income	2,839	2,765
Director's loan account	1,362	1,362
Amounts owed to subsidiaries	-	1,134

	100,149	140,839

9. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	-	5,000

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	5	5

11. Directors Advances, Credits and Guarantees

Dividends paid to directors

	2025	2024
	£	£
Mr Michael Talent-Doran	-	5,000

12. Dividends

	2025	2024
	£	£
On equity shares:
Final dividend paid	5,000	10,000

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