L20 Doorsets Limited 31/10/2025 iXBRL

Company registration number: 10525392

L20 Doorsets Limited

Unaudited filleted financial statements

31 October 2025

L20 Doorsets Limited

Contents

Directors and other information

Statement of financial position

Statement of changes in equity

Notes to the financial statements

L20 Doorsets Limited

Directors and other information


	Directors	Scott Shine
		Daniel Blackwell


	Company number	10525392


	Registered office	Unit B3 Thamesview Business Centre Barlow Way
		Fairview Industrial Park
		Rainham
		Essex
		RM13 8BT


	Accountants	Murphy Collins Limited
		Sovereign House
		82 West Street
		Rochford
		Essex
		SS4 1AS

L20 Doorsets Limited

Statement of financial position

31 October 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Tangible assets	7	114,723		130,387
		_______		_______
			114,723		130,387

Current assets
Stocks		81,633		167,500
Debtors	8	263,109		401,744
Cash at bank and in hand		313,808		90,875
		_______		_______
		658,550		660,119
Creditors: amounts falling due
within one year	9	( 492,233)		( 498,385)
		_______		_______
Net current assets			166,317		161,734
			_______		_______
Total assets less current liabilities			281,040		292,121

Creditors: amounts falling due
after more than one year	10		( 242)		( 16,891)

Provisions for liabilities	11		( 28,680)		( 26,077)

			_______		_______
Net assets			252,118		249,153
			_______		_______

Capital and reserves
Called up share capital			3		3
Profit and loss account			252,115		249,150
			_______		_______
Shareholders funds			252,118		249,153
			_______		_______

For the year ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 04 March 2026 , and are signed on behalf of the board by:

Daniel Blackwell Scott Shine

Director Director

Company registration number: 10525392

L20 Doorsets Limited

Statement of changes in equity

Year ended 31 October 2025

	Called up share capital	Profit and loss account	Total
	£	£	£


At 1 November 2023	3	250,547	250,550

Profit for the year		7,603	7,603
	_______	_______	_______
Total comprehensive income for the year	-	7,603	7,603

Dividends paid and payable		( 9,000)	( 9,000)
	_______	_______	_______
Total investments by and distributions to owners	-	( 9,000)	( 9,000)

	_______	_______	_______
At 31 October 2024 and 1 November 2024	3	249,150	249,153

Profit for the year		19,965	19,965
	_______	_______	_______
Total comprehensive income for the year	-	19,965	19,965

Dividends paid and payable		( 17,000)	( 17,000)
	_______	_______	_______
Total investments by and distributions to owners	-	( 17,000)	( 17,000)

	_______	_______	_______
At 31 October 2025	3	252,115	252,118
	_______	_______	_______

L20 Doorsets Limited

Notes to the financial statements

Year ended 31 October 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit B3 Thamesview Business Centre Barlow Way, Fairview Industrial Park, Rainham, Essex, RM13 8BT.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Plant and machinery	-	15 %	reducing balance

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Construction contracts

Where the outcome of construction contracts can be reliably estimated, contract revenue and contract costs are recognised by reference to the stage of completion of the contract activity as at the period end. Where the outcome of construction contracts cannot be estimated reliably, revenue is recognised to the extent of contract costs incurred that it is probable will be recoverable, and contract costs are recognised as an expense in the period in which they are incurred. The entity uses the percentage of completion method to determine the amounts to be recognised in the period. The stage of completion is measured by reference to the contract costs incurred up to the end of the reporting period as a percentage of total estimated costs for each contract. Costs incurred for work performed to date do not include costs relating to future activity, such as for materials or prepayments.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 4 (2024: 4 ).

5. Tax on profit

Major components of tax expense

	2025	2024
	£	£
Current tax:
UK current tax expense	16,438	9,111
	_______	_______

Deferred tax:
Origination and reversal of timing differences	2,603	-
	_______	_______
Tax on profit	19,041	9,111
	_______	_______

6. Dividends

Equity dividends

	2025	2024
	£	£
Dividends paid during the year (excluding those for which a liability existed at the end of the prior year)	17,000	9,000
	_______	_______

7. Tangible assets

	Plant and machinery	Total
	£	£
Cost
At 1 November 2024	171,150	171,150
Additions	4,582	4,582
	_______	_______
At 31 October 2025	175,732	175,732
	_______	_______
Depreciation
At 1 November 2024	40,764	40,764
Charge for the year	20,245	20,245
	_______	_______
At 31 October 2025	61,009	61,009
	_______	_______
Carrying amount
At 31 October 2025	114,723	114,723
	_______	_______
At 31 October 2024	130,386	130,386
	_______	_______

8. Debtors

	2025	2024
	£	£
Trade debtors	215,410	311,933
Other debtors	47,699	89,811
	_______	_______
	263,109	401,744
	_______	_______

9. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	15,789	17,626
Trade creditors	306,708	365,189
Corporation tax	16,438	6,096
Social security and other taxes	72,890	22,416
Other creditors	80,408	87,058
	_______	_______
	492,233	498,385
	_______	_______

10. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	242	16,891
	_______	_______

11. Provisions

	Deferred tax (note 12)	Total
	£	£
At 1 November 2024	26,077	26,077
Additions	2,603	2,603
	_______	_______
At 31 October 2025	28,680	28,680
	_______	_______

12. Deferred tax

The deferred tax included in the statement of financial position is as follows:

	2025	2024
	£	£
Included in provisions (note 11)	28,680	26,077
	_______	_______

The deferred tax account consists of the tax effect of timing differences in respect of:

	2025	2024
	£	£
Accelerated capital allowances	28,680	26,077
	_______	_______

13. Directors advances, credits and guarantees

	During the year the directors entered into the following advances and credits with the company:

2025
		Balance brought forward	Advances /(credits) to the directors	Amounts repaid	Balance o/standing
		£	£	£	£
	Scott Shine	9	1,500	-	1,509
		_______	_______	_______	_______

2024
		Balance brought forward	Advances /(credits) to the directors	Amounts repaid	Balance o/standing
		£	£	£	£
	Scott Shine	( 7,991)	-	8,000	9
		_______	_______	_______	_______