LLOYD WOODWORKING LIMITED


Directors	LLOYD, Gareth
	LLOYD, Sarah Danielle


Company Secretary	LLOYD, Sarah Danielle


Registered Address	Whiteleaf Business Centre
	11 Little Balmer
	Buckingham
	MK18 1TF


Registered Number	05092981 (England and Wales)

Balance Sheet as at
30 April 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	4		79,085		94,619
			79,085		94,619
Current assets
Stocks	5	12,440		12,440
Debtors		493,539		539,322
Cash at bank and on hand		4,401		38,901
		510,380		590,663
Creditors amounts falling due within one year	6	(264,569)		(277,815)
Net current assets (liabilities)			245,811		312,848
Total assets less current liabilities			324,896		407,467
Creditors amounts falling due after one year	7		(9,819)		(62,117)
Provisions for liabilities	9		(17,648)		(20,914)
Net assets			297,429		324,436
Capital and reserves
Called up share capital			2		2
Share premium			8,977		8,977
Profit and loss account			288,450		315,457
Shareholders' funds			297,429		324,436

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 23 October 2025, and are signed on its behalf by:

LLOYD, Gareth
Director
Registered Company No. 05092981

LLOYD WOODWORKING LIMITED

Notes to the Financial Statements
for the year ended 30 April 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only 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 and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only 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 and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Intangible assets
	Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Reducing balance (%)
	Plant and machinery	25
	Fixtures and fittings	25
	Vehicles	25

	Finance leases and hire purchase contracts
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.

	Stocks and work in progress
	Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

2.	Average number of employees


		2025		2024
	Average number of employees during the year	29		30

3.	Intangible assets

	Goodwill	Total
	£	£
Cost or valuation
At 01 May 24	24,000	24,000
At 30 April 25	24,000	24,000
Amortisation and impairment
At 01 May 24	24,000	24,000
At 30 April 25	24,000	24,000
Net book value
At 30 April 25	-	-
At 30 April 24	-	-

4.	Tangible fixed assets

	Plant & machinery	Vehicles	Fixtures & fittings	Total
	£	£	£	£
Cost or valuation
At 01 May 24	249,964	208,736	149,483	608,183
Additions	9,320	-	-	9,320
At 30 April 25	259,284	208,736	149,483	617,503
Depreciation and impairment
At 01 May 24	232,459	153,387	127,718	513,564
Charge for year	5,576	13,837	5,441	24,854
At 30 April 25	238,035	167,224	133,159	538,418
Net book value
At 30 April 25	21,249	41,512	16,324	79,085
At 30 April 24	17,505	55,349	21,765	94,619

5.	Stocks

	2025	2024
	£	£
Raw materials and consumables	12,440	12,440
Total	12,440	12,440

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	108,433	134,846
Bank borrowings and overdrafts	34,511	34,511
Taxation and social security	85,759	82,348
Finance lease and HP contracts	17,752	20,465
Other creditors	14,113	1,544
Accrued liabilities and deferred income	4,001	4,101
Total	264,569	277,815


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

7.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	-	34,545
Other creditors	9,819	27,572
Total	9,819	62,117

8.	Obligations under finance leases

		2025		2024
		£		£
	Finance lease and HP contracts	27,572		48,036

9.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	17,648	20,914
Total	17,648	20,914