| The Ludlow Nut Co Limited |
| Registered Number:07570124 |
For the year ended 31 March 2025
England and Wales
Unaudited Financial Statements
For the year ended 31 March 2025
The Ludlow Nut Co Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
The Ludlow Nut Co Limited
Statement of Financial Position
2024
2025
10,137
3,718
| Property, plant and equipment |
978,572
1,016,163
2
988,709
1,019,881
150,379
126,987
3
| Trade and other receivables |
80,819
78,713
4
169,656
| Cash and cash equivalents |
99,236
304,936
400,854
| Trade and other payables: amounts falling due within one |
| year |
(173,057)
(119,300)
5
227,797
185,636
Net current assets
| Total assets less current liabilities |
1,174,345
1,247,678
| Trade and other payables: amounts falling due after more |
| than one year |
(562,953)
(481,407)
6
(95,859)
(105,256)
| Provisions for liabilities |
597,079
Net assets
579,469
15
15
154,863
154,863
442,201
424,591
597,079
579,469
Shareholders' funds
| For the year ended 31 March 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 of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006 |
| The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
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For the year ended 31 March 2025
The Ludlow Nut Co Limited
Statement of Financial Position Continued
| Mrs Helen Graham Director |
| These financial statements were approved and authorised for issue by the Board on 20 November 2025 and were signed by: |
| The notes form part of these financial statements |
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For the year ended 31 March 2025
The Ludlow Nut Co Limited
Notes to the Financial Statements
Statutory Information
| The Ludlow Nut Co Limited is a private limited company, limited by shares, domiciled in England and Wales, |
| registration number 07570124. |
Unit B
Foldgate Lane
Ludlow
Shropshire
SY8 1LS
| The presentation currency is £ sterling. |
| The property held by the company is that from which it operates as well as a commercial unit which is held to earn |
| rentals. The unit was initially |
| recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is |
| measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss. |
Basis of preparing the financial statements
| These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
| Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the |
| Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
| modified by the revaluation of certain assets. |
Revenue recognition
| Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Research and development
Expenditure on research and development is written off over the period of its estimated useful life of 10 years.
Goodwill
| Goodwill, being the amount paid in connection with the acquisition of a business in 2011, was amortised evenly over its estimated useful life of 10 years. |
Property, plant and equipment
| Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: The directors consider that the residual value of the land and buildings at the end of their useful economic life of 20 years will be its current value so the depreciation charge is £nil. |
Plant and machinery
Motor vehicles
Fixtures and fittings
Investment property
| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
Government grants
| Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred. |
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For the year ended 31 March 2025
The Ludlow Nut Co Limited
Notes to the Financial Statements Continued
Inventories
| Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. |
Deferred tax
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
Foreign currencies
| Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the profit and loss account. |
Hire purchase and leasing commitments
| Rentals payable under operating leases are charged against income on a straight line basis over the lease term. The finance element of the rental payment is charged to the profit and loss account on a straight line basis. |
| 2. Property, plant and equipment |
Motor vehicles
1,267,564
7,250
510,314
750,000
11,063
-
11,063
-
-
(9,783)
-
(9,783)
750,000
511,594
7,250
1,268,844
| Provision for depreciation and impairment |
251,401
7,250
244,151
-
Charge for year
45,307
-
45,307
-
(6,436)
-
(6,436)
-
290,272
7,250
283,022
-
750,000
228,572
-
978,572
750,000
266,163
-
1,016,163
| In respect of certain fixed assets stated at valuations, the comparable historical cost and depreciation values are as |
| follows: |
595,137
595,137
| Net historical cost value: |
595,137
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For the year ended 31 March 2025
The Ludlow Nut Co Limited
Notes to the Financial Statements Continued
2024
2025
126,987
150,379
| 4. Trade and other receivables |
2024
2025
71,633
73,338
7,080
7,481
80,819
78,713
| 5. Trade and other payables: amounts falling due within one year |
2024
2025
| Bank loans and overdraft (secured) |
11,000
10,000
9,300
12,471
37,305
74,455
| Taxation and social security |
17,113
28,131
44,582
48,000
119,300
173,057
| 6. Trade and other payables: amounts falling due after more than one year |
2024
2025
2,367
12,267
| Bank loans and overdraft (secured) |
390,535
402,158
88,505
148,528
481,407
562,953
| 7. Average number of persons employed |
During the year the average number of employees was 12 (2024 : 13)
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