General Information
LORD CORPORATION LONDON LTD is a Private Limited Company and it is registered in England and Wales. The company registration number is 12908336 and the registration address is Unit 2 Brookside Centre, Church Road, Swallowfield, Reading, Berkshire, RG7 1TH, United Kingdom.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements for the financial year ended 30 September 2025, have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company to third parties during the financial year ended 30 September 2025, exclusive of Value Added Tax and trade discounts.
Cost of sales
Cost of Sales represents the cost of services rendered to third parties during the financial year period ended 30 September 2025.
Website cost
Planning and operating costs for the company's website for the financial year ended 30 Sept 2025, are charged to the income statement as incurred.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at 10% rates calculated to write off the assets over 10 years on a straight line basis over their estimated useful economic lives of four years. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Computer software development costs
Development costs of computer software are capitalised once a detailed program design has been established and are amortised on a straight line basis over 10 years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: : Plant and Machinery , and Computer Equipment including laptop and printer at additions cost of £12000 and £20,000 for Plant & Machinery, and depreciation charge rate at 10% over 10 years, respectively.
| Plant and Machinery |
10% / 10Years Reducing Balance
|
| Fixtures and Fittings |
10% /10 years Reducing Balance
|
| Computer Equipment, Laptop and Printer |
10% / 10 years Reducing Balance
|
|
| 2. |
Directors' Emoluments
|
2025
£ |
|
2024
£ |
|
Administrative Expenses
|
| Directors Salaries |
12,000 |
|
12,000 |
|
12,000 |
|
12,000 |
|
|
|
|
|
Number of directors to whom retirement benefits accrued
|
Number
|
|
Number
|
| Defined contribution plans |
1 |
|
1 |
| Defined benefit plans |
1 |
|
1 |
Directors Emoluments are either salaries or dividends paid to the directors of the company during the financial year period ended 30 September 2025.
|
| 3. |
Staff Costs
|
2025
£ |
|
2024
£ |
| Wages and salaries |
27,450 |
|
21,500 |
| Social security costs |
10,826 |
|
9,667 |
| Other staff costs |
2,500 |
|
2,000 |
|
40,776 |
|
33,167 |
|
|
|
|
|
Average number of employees during the year
|
Number
|
|
Number
|
| Administration |
1 |
|
1 |
| Sales |
3 |
|
3 |
| Marketing |
1 |
|
1 |
|
5 |
|
5 |
The company Staff Costs may include payment of employees and staff salaries including staff training during the financial year ended 30 September 2025.
|
| 4. |
Average number of employees
The average number of employees employed by the company during the financial year period ended 30 September 2025 were five.
Average number of employees during the year was 5 (2024 : 5).
|
| 5. |
Financial Commitments, Guarantees and Contingencies
The director of Lord Corporation London Ltd is committed to the company's success and growth in the United Kingdom and across the global world.
|
| 6. |
Tangible fixed assets
| Cost or valuation |
Plant and Machinery |
|
Fixtures and Fittings |
|
Computer Equipment, Laptop and Printer |
|
Total |
| |
£ |
|
£ |
|
£ |
|
£ |
| At 01 October 2024 |
16,000 |
|
- |
|
9,720 |
|
25,720 |
| Additions |
- |
|
5,000 |
|
- |
|
5,000 |
| Disposals |
- |
|
- |
|
- |
|
- |
| At 30 September 2025 |
16,000 |
|
5,000 |
|
9,720 |
|
30,720 |
| Depreciation |
| At 01 October 2024 |
- |
|
- |
|
- |
|
- |
| Charge for year |
2,000 |
|
500 |
|
1,080 |
|
3,580 |
| On disposals |
- |
|
- |
|
- |
|
- |
| At 30 September 2025 |
2,000 |
|
500 |
|
1,080 |
|
3,580 |
| Net book values |
| Closing balance as at 30 September 2025 |
14,000 |
|
4,500 |
|
8,640 |
|
27,140 |
| Opening balance as at 01 October 2024 |
16,000 |
|
- |
|
9,720 |
|
25,720 |
|
| 7. |
Share Capital
Authorised
100 Class A shares of £1.00 each
Allotted, called up and fully paid
|
2025
£ |
|
2024
£ |
|
100
Class A shares of £1.00 each |
100 |
|
100 |
|
100 |
|
100 |
|
|
The Director's £10000.00 Loan to the Business
The Director of the Company has made a £10,000.00 loan to grow the business . The loan has no formal terms attached to it during the financial year ended 30 September 2025. The loan is a long term liability and it is expected to be paid back to director when the business is making higher profits. The director has not paid self from the £10,000.00 loaned to the company during the financial year period ended 30 September 2025.
|
3
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