REGISTERED NUMBER: 09595051 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

FOR

L & D BROTHERS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

D L Griffiths

REGISTERED OFFICE:

25 Grosvenor Road

Wrexham

LL11 1BT

REGISTERED NUMBER:

09595051 (England and Wales)

ACCOUNTANTS:

M. D. Coxey and Co. Limited

Chartered Accountants

25 Grosvenor Road

Wrexham

LL11 1BT

BANKERS:

Barclays Bank plc

51-52 Hope Street

Wrexham

LL11 1BB

FIXED ASSETS

Intangible assets

4

10,530

21,057

Tangible assets

5

35,157

35,196

45,687

56,253

CURRENT ASSETS

Stocks

8,000

6,700

Debtors

6

173,696

155,860

Cash at bank and in hand

33,734

43,085

215,430

205,645

CREDITORS

Amounts falling due within one year

7

193,760

139,172

NET CURRENT ASSETS

21,670

66,473

TOTAL ASSETS LESS CURRENT LIABILITIES

67,357

122,726

CREDITORS

Amounts falling due after more than one year

8

(12,500

)

(22,500

)

PROVISIONS FOR LIABILITIES

(8,281

)

(8,268

)

NET ASSETS

46,576

91,958

CAPITAL AND RESERVES

Called up share capital

11

1

1

Retained earnings

46,575

91,957

SHAREHOLDERS' FUNDS

46,576

91,958

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 29th October 2025 and were signed by:

D L Griffiths - Director

1.	STATUTORY INFORMATION

L & D Brothers Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

-

15% on cost

Motor vehicles

-

20% on cost

Computer equipment

-

15% on cost

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 Statement of Income and Retained Earnings, 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2024 - 8 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st April 2024

and 31st March 2025

105,273

AMORTISATION

At 1st April 2024

84,216

Amortisation for year

10,527

At 31st March 2025

94,743

NET BOOK VALUE

At 31st March 2025

10,530

At 31st March 2024

21,057

5.	TANGIBLE FIXED ASSETS

Improvements

to

Plant and

Motor

Computer

property

machinery

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1st April 2024

28,908

147,374

93,364

24,675

294,321

Additions

-

4,453

9,995

2,794

17,242

Disposals

-

-

(57,089

)

(21,694

)

(78,783

)

At 31st March 2025

28,908

151,827

46,270

5,775

232,780

DEPRECIATION

At 1st April 2024

25,727

125,060

86,742

21,596

259,125

Charge for year

2,219

7,605

4,295

631

14,750

Eliminated on disposal

-

-

(56,689

)

(19,563

)

(76,252

)

At 31st March 2025

27,946

132,665

34,348

2,664

197,623

NET BOOK VALUE

At 31st March 2025

962

19,162

11,922

3,111

35,157

At 31st March 2024

3,181

22,314

6,622

3,079

35,196

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

96,494

104,308

Other debtors

8,477

4,757

Directors' current accounts

-

34,556

Prepayments and accrued income

68,725

12,239

173,696

155,860

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

136,991

68,702

Tax

26,097

13,591

Social security and other taxes

5,259

5,443

Pension control account

2,458

1,454

Wages control account

-

423

VAT

12,137

23,823

Other creditors

3,194

20,022

Directors' current accounts

893

-

Accrued expenses

6,731

5,714

193,760

139,172

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans - 1-2 years

10,000

6,923

Bank loans - 2-5 years

2,500

15,577

12,500

22,500

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.3.25

31.3.24

£

£

Within one year

30,000

30,000

Between one and five years

90,000

120,000

120,000

150,000

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Bank loans

12,500

22,500

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

1

Ordinary £1

£1

1

1

12.	CAPITAL COMMITMENTS

31.3.25

31.3.24

£

£

Contracted but not provided for in the

financial statements

-

-

13.	ULTIMATE CONTROLLING PARTY

The controlling party is D L Griffiths.