| REGISTERED NUMBER: |
| Financial Statements |
| for the Year Ended 31 May 2025 |
| for |
| A Luff & Sons Limited |
| REGISTERED NUMBER: |
| Financial Statements |
| for the Year Ended 31 May 2025 |
| for |
| A Luff & Sons Limited |
| A Luff & Sons Limited (Registered number: 03057360) |
| Contents of the Financial Statements |
| for the Year Ended 31 May 2025 |
| Page |
| Company Information | 1 |
| Statement of Financial Position | 2 |
| Notes to the Financial Statements | 4 |
| A Luff & Sons Limited |
| Company Information |
| for the Year Ended 31 May 2025 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chancery House |
| 30 St Johns Road |
| Woking |
| Surrey |
| GU21 7SA |
| A Luff & Sons Limited (Registered number: 03057360) |
| Statement of Financial Position |
| 31 May 2025 |
| 31/5/25 | 31/5/24 |
| Notes | £ | £ |
| FIXED ASSETS |
| Property, plant and equipment | 5 |
| CURRENT ASSETS |
| Inventories |
| Debtors | 6 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 7 | ( |
) | ( |
) |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Fair value reserve |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| A Luff & Sons Limited (Registered number: 03057360) |
| Statement of Financial Position - continued |
| 31 May 2025 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| A Luff & Sons Limited (Registered number: 03057360) |
| Notes to the Financial Statements |
| for the Year Ended 31 May 2025 |
| 1. | STATUTORY INFORMATION |
| A Luff & Sons Limited is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | STATEMENT OF COMPLIANCE |
| 3. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The accounts have been prepared on a going concern basis as the directors have confirmed that they will continue to provide support to the company to enable it to meet its liabilities for the twelve months from the date of signing these financial statements. |
| Turnover |
| Revenue 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 |
| Improvements to property | - |
| Plant and machinery | - |
| Motor vehicles | - |
| Depreciation is not provided on the freehold land, as, in the opinion of the directors the value is fairly stated and the value of the land will not be less than the valuation. The directors will review the position annually. |
| Stocks |
| Inventories 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 statement of financial position date. |
| A Luff & Sons Limited (Registered number: 03057360) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 May 2025 |
| 3. | ACCOUNTING POLICIES - continued |
| 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. |
| 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. |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
| 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. |
| Rent receivable |
| Rental income is recognised in the profit and loss account on an accruals basis. The effect of rent reviews is only recognised when such reviews have been agreed with the tenants. |
| 4. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 5. | PROPERTY, PLANT AND EQUIPMENT |
| Improvements |
| Freehold | to | Plant and | Motor |
| land | property | machinery | vehicles | Totals |
| £ | £ | £ | £ | £ |
| Cost or valuation |
| At 1 June 2024 |
| Additions |
| Disposals | ( |
) | ( |
) | ( |
) |
| Revaluations |
| At 31 May 2025 |
| Depreciation |
| At 1 June 2024 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) | ( |
) |
| At 31 May 2025 |
| Net book value |
| At 31 May 2025 |
| At 31 May 2024 |
| A Luff & Sons Limited (Registered number: 03057360) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 May 2025 |
| 5. | PROPERTY, PLANT AND EQUIPMENT - continued |
| Cost or valuation at 31 May 2025 is represented by: |
| Plant and |
| Land and | machinery |
| buildings | etc | Totals |
| £ | £ | £ |
| Valuation in 2006 | 50,000 | - | 50,000 |
| Valuation in 2007 | 18,500 | - | 18,500 |
| Valuation in 2017 | 125,000 | - | 125,000 |
| Valuation in 2020 | 25,000 | - | 25,000 |
| Valuation in 2025 | 110,000 | - | 110,000 |
| Cost | 31,500 | 212,947 | 244,447 |
| 360,000 | 212,947 | 572,947 |
| If freehold land had not been revalued it would have been included at the following historical cost: |
| 31/5/25 | 31/5/24 |
| £ | £ |
| Cost | 31,500 | 31,500 |
| Freehold land was valued on an open market basis on 14 August 2024 by Vospers, Friend & Falcke . |
| The directors consider that the property value at 31 May 2025 is the same as the value obtained in August 2024. |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31/5/25 | 31/5/24 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31/5/25 | 31/5/24 |
| £ | £ |
| Bank loans and overdrafts |
| Hire purchase contracts |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 31/5/25 | 31/5/24 |
| £ | £ |
| Bank loans |
| Hire purchase contracts |
| A Luff & Sons Limited (Registered number: 03057360) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 May 2025 |
| 9. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to directors subsisted during the years ended 31 May 2025 and 31 May 2024: |
| 31/5/25 | 31/5/24 |
| £ | £ |
| D A Dadswell |
| Balance outstanding at start of year | 36,262 | 16,573 |
| Amounts advanced | 37,234 | 27,689 |
| Amounts repaid | (37,636 | ) | (8,000 | ) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year | 35,860 | 36,262 |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year |
| Interest has been charged on the loans at official HMRC rates. |