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Registration number: 10339728

The London CNC Factory Ltd
Unaudited Filleted Financial Statements
for the Year Ended 31 December 2024

The London CNC Factory Ltd

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 8

The London CNC Factory Ltd

Company Information

Director | E Hladio

Registered office | 22 Riverside Way Uxbridge UB8 2YF

Accountants | Ardmore Accountancy Limited Chartered Certified AccountantsSuite 2 Jupiter Business Suites 30a Packhorse Road Gerrards Cross Buckinghamshire SL9 7DA

The London CNC Factory Ltd

(Registration number: 10339728)
Balance Sheet as at 31 December 2024

| Note | 2024 £ | 2023 £
Fixed assets |  |  |
Tangible assets | 4 | 273,481 | 274,384
Current assets |  |  |
Stocks | 5 | 51,475 | 22,339
Debtors | 6 | 164,912 | 113,072
Cash at bank and in hand |  | 47,475 | 26,712
|  | 263,862 | 162,123
Creditors: Amounts falling due within one year | 7 | (248,003) | (142,537)
Net current assets |  | 15,859 | 19,586
Total assets less current liabilities |  | 289,340 | 293,970
Creditors: Amounts falling due after more than one year | 7 | (38,555) | (72,482)
Provisions for liabilities |  | (51,000) | (38,274)
Net assets |  | 199,785 | 183,214
Capital and reserves |  |  |
Called up share capital |  | 100 | 100
Retained earnings |  | 199,685 | 183,114
Shareholders' funds |  | 199,785 | 183,214

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 9 February 2026

E Hladio Director |  |

The London CNC Factory Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
22 Riverside Way
Uxbridge
UB8 2YF

These financial statements were authorised for issue by the director on 9 February 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

The London CNC Factory Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Plant and machinery | 20% straight line basis
Fixtures and fittings | 33% straight line basis
Motor vehicles | 20% reducing balance basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business. Trade debtors are recognised at the transaction price, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities. Trade creditors are recognised at the transaction price.

The London CNC Factory Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 4 (2023 - 4).

The London CNC Factory Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

4 | Tangible assets

| Fixtures and fittings £ | Plant and machinery £ | Motor vehicles £ | Total £
Cost or valuation
At 1 January 2024 | 11,195 | 588,288 | - | 599,483
Additions | - | 60,420 | 7,500 | 67,920
At 31 December 2024 | 11,195 | 648,708 | 7,500 | 667,403
Depreciation
At 1 January 2024 | 5,785 | 319,314 | - | 325,099
Charge for the year | 2,665 | 64,658 | 1,500 | 68,823
At 31 December 2024 | 8,450 | 383,972 | 1,500 | 393,922
Carrying amount
At 31 December 2024 | 2,745 | 264,736 | 6,000 | 273,481
At 31 December 2023 | 5,410 | 268,974 | - | 274,384

5 | Stocks

| 2024 £ | 2023 £
Other inventories | 51,475 | 22,339

6 | Debtors

Current | 2024 £ | 2023 £
Trade debtors | 93,349 | 101,586
Prepayments | - | 4,008
Other debtors | 71,563 | 7,478
| 164,912 | 113,072

The London CNC Factory Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

7 | Creditors

Creditors: amounts falling due within one year

| Note | 2024 £ | 2023 £
Due within one year |  |  |
Loans and borrowings | 8 | 51,100 | 46,415
Trade creditors |  | - | (1)
Amounts owed to related parties | 10 | 116,439 | 788
Taxation and social security |  | 65,305 | 89,953
Accruals and deferred income |  | 14,000 | 5,500
Other creditors |  | 1,159 | (118)
|  | 248,003 | 142,537

Creditors: amounts falling due after more than one year

| Note | 2024 £ | 2023 £
Due after one year |  |  |
Loans and borrowings | 8 | 38,555 | 72,482

8 | Loans and borrowings

Non-current loans and borrowings

| 2024 £ | 2023 £
Bank borrowings | 38,555 | 72,482

Current loans and borrowings

| 2024 £ | 2023 £
Bank borrowings | 51,100 | 46,415

9 | Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

| 2024 £ | 2023 £
Not later than one year | 76,410 | 76,410
Later than one year and not later than five years | 176,128 | 252,538
| 252,538 | 328,948

The London CNC Factory Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

The amount of non-cancellable operating lease payments recognised as an expense during the year was £75,099 (2023 - £50,437).

10 | Related party transactions

Other transactions with the director

The director operates a director's loan account. This loan is interest free and repayable on demand. At the balance sheet date the amount due to the director was £116,439 (2023: £788).