Registration number: 10455134

LDP Carpentry Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 9

LDP Carpentry Limited

Company Information

Director

Mr L Parkes

Registered office

28 Alexandra Terrace Exmouth Devon EX8 1BD

Accountants

Thompson Jenner LLP 28 Alexandra Terrace Exmouth Devon EX8 1BD

LDP Carpentry Limited

(Registration number: 10455134)
Balance Sheet as at 30 November 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	5	11,931	17,874
Current assets
Debtors	6	11,970	7,172
Cash at bank and in hand		30,162	49,686
		42,132	56,858
Creditors: Amounts falling due within one year	7	(39,649)	(36,388)
Net current assets		2,483	20,470
Total assets less current liabilities		14,414	38,344
Creditors: Amounts falling due after more than one year	7	-	(6,336)
Provisions for liabilities		(123)	(3,395)
Net assets		14,291	28,613
Capital and reserves
Called up share capital		100	100
Retained earnings		14,191	28,513
Shareholders' funds		14,291	28,613

For the financial year ending 30 November 2025 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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been 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.

LDP Carpentry Limited

(Registration number: 10455134)
Balance Sheet as at 30 November 2025

Approved and authorised by the director on 28 August 2026
 

......................................... Mr L Parkes Director

LDP Carpentry Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

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:
28 Alexandra Terrace
Exmouth
Devon
EX8 1BD

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.

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.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Government grants

The Coronavirus Job Retention Scheme grant has been credited to other income so as to match the grant to the underlying eligible furloughed staff expenditure to which it relates.

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.

LDP Carpentry Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

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
Motor Vehicles	20% straight line basis
Plant & machinery	20% straight line basis
Computer Equipment	25% straight line basis

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	Straight line over 5 years

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.

LDP Carpentry Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

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 initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, 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.

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 initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

LDP Carpentry Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

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.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

4	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 December 2024	11,000	11,000
At 30 November 2025	11,000	11,000
Amortisation
At 1 December 2024	11,000	11,000
At 30 November 2025	11,000	11,000
Carrying amount
At 30 November 2025	-	-

5	Tangible assets

	Motor vehicles  £	Computer equipment  £	Plant & machinery £	Total £
Cost or valuation
At 1 December 2024	51,915	1,000	8,223	61,138
Additions	12,000	-	931	12,931
Disposals	(12,496)	-	-	(12,496)
At 30 November 2025	51,419	1,000	9,154	61,573
Depreciation
At 1 December 2024	35,984	758	6,523	43,265
Charge for the year	7,546	121	1,209	8,876
Eliminated on disposal	(2,499)	-	-	(2,499)
At 30 November 2025	41,031	879	7,732	49,642
Carrying amount
At 30 November 2025	10,388	121	1,422	11,931
At 30 November 2024	15,931	242	1,701	17,874

LDP Carpentry Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

6

Debtors

	2025 £	2024 £
Trade debtors	8,080	5,621
Other debtors	3,650	1,302
Prepayments and accrued income	240	249
Total current trade and other debtors	11,970	7,172

7

Creditors

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	8	6,342	12,674
Trade creditors		-	232
Taxation and social security		29,555	9,752
Other creditors		602	11,596
Accrued expenses		3,150	2,134
		39,649	36,388

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	8	-	6,336

LDP Carpentry Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

8	Loans and borrowings

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	5,100	9,975
Hire purchase contracts	1,242	2,699
	6,342	12,674

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	-	5,325
Hire purchase contracts	-	1,011
	-	6,336

9	Related party transactions

Transactions with the director

2025	At 1 December 2024 £	Advances to director £	Repayments by director £	At 30 November 2025 £
Interest free loan	-	2,650	(2,650)	-