Company Registration No. 05870037 (England and Wales)
Lune Engineering Limited
Unaudited accounts
for the year ended 31 July 2025
Lune Engineering Limited
Unaudited accounts
Contents
Lune Engineering Limited
Company Information
for the year ended 31 July 2025
Directors
A Webster
M Williamson
Company Number
05870037 (England and Wales)
Registered Office
Unit 35
Lune Industrial Estate
Lancaster
Lancashire
LA1 5QP
Accountants
J A Fell & Co
40 Hoghton Street
Southport
PR9 0PQ
Lune Engineering Limited
Statement of financial position
as at 31 July 2025
Tangible assets
17,825
30,453
Cash at bank and in hand
2,003
10,165
Creditors: amounts falling due within one year
(98,423)
(125,921)
Net current assets
207,524
141,589
Total assets less current liabilities
225,349
172,042
Provisions for liabilities
Deferred tax
(4,456)
(5,746)
Net assets
220,893
166,296
Called up share capital
2
2
Profit and loss account
220,891
166,294
Shareholders' funds
220,893
166,296
For the year ending 31 July 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 24 October 2025 and were signed on its behalf by
A Webster
Director
Company Registration No. 05870037
Lune Engineering Limited
Notes to the Accounts
for the year ended 31 July 2025
Lune Engineering Limited is a private company, limited by shares, registered in England and Wales, registration number 05870037. The registered office is Unit 35, Lune Industrial Estate, Lancaster, Lancashire, LA1 5QP.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
33% straight line
Plant & machinery
13% straight line
Motor vehicles
25% reducting balance
Computer equipment
33% straight line
Stocks have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Current tax is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or
deductible in other years and it further excludes 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 reporting end date.Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Lune Engineering Limited
Notes to the Accounts
for the year ended 31 July 2025
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 August 2024
30,778
174,031
15,895
9,542
230,246
At 31 July 2025
30,778
174,031
15,895
9,542
230,246
At 1 August 2024
14,632
162,476
13,774
8,911
199,793
Charge for the year
8,073
3,395
530
630
12,628
At 31 July 2025
22,705
165,871
14,304
9,541
212,421
At 31 July 2025
8,073
8,160
1,591
1
17,825
At 31 July 2024
16,146
11,555
2,121
631
30,453
Amounts falling due within one year
Trade debtors
182,726
173,494
Amounts due from group undertakings etc.
50,468
23,295
Accrued income and prepayments
7,735
7,735
Other debtors
57,015
46,821
6
Creditors: amounts falling due within one year
2025
2024
Trade creditors
50,092
46,626
Taxes and social security
25,725
31,400
7
Average number of employees
During the year the average number of employees was 9 (2024: 9).