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Registration number: 14037598

L. Couriers Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 30 April 2025

 

L. Couriers Ltd

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 8

 

L. Couriers Ltd

(Registration number: 14037598)
Balance Sheet as at 30 April 2025

Note

2025
£

2024
£

Fixed assets

 

Intangible assets

4

4,000

6,000

Tangible assets

5

41,578

27,079

 

45,578

33,079

Current assets

 

Debtors

6

306,334

89,819

Cash at bank and in hand

 

19,847

50,249

 

326,181

140,068

Creditors: Amounts falling due within one year

7

(205,144)

(97,886)

Net current assets

 

121,037

42,182

Total assets less current liabilities

 

166,615

75,261

Creditors: Amounts falling due after more than one year

7

(7,476)

-

Provisions for liabilities

(7,819)

(4,171)

Net assets

 

151,320

71,090

Capital and reserves

 

Called up share capital

100

1

Retained earnings

151,220

71,089

Shareholders' funds

 

151,320

71,090

For the financial year ending 30 April 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 and 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.

Approved and authorised by the director on 27 May 2025
 

 

L. Couriers Ltd

(Registration number: 14037598)
Balance Sheet as at 30 April 2025

.........................................
L A Symes
Director

 

L. Couriers Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 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:
6 Warminster Road
Beckington
Frome
Somerset
BA11 6SP

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.

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.

 

L. Couriers Ltd

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

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

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

25% reducing balance

Office equipment

25% straight line

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:

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.

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.

 

L. Couriers Ltd

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

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.

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).

 

L. Couriers Ltd

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

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 May 2024

10,000

10,000

At 30 April 2025

10,000

10,000

Amortisation

At 1 May 2024

4,000

4,000

Amortisation charge

2,000

2,000

At 30 April 2025

6,000

6,000

Net book value

At 30 April 2025

4,000

4,000

At 30 April 2024

6,000

6,000

5

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 May 2024

9,890

2,206

27,620

39,716

Additions

-

4,889

35,471

40,360

Disposals

-

-

(26,870)

(26,870)

At 30 April 2025

9,890

7,095

36,221

53,206

Depreciation

At 1 May 2024

-

552

12,085

12,637

Charge for the year

-

1,774

8,973

10,747

Eliminated on disposal

-

-

(11,756)

(11,756)

At 30 April 2025

-

2,326

9,302

11,628

Net book value

At 30 April 2025

9,890

4,769

26,919

41,578

At 30 April 2024

9,890

1,654

15,535

27,079

 

L. Couriers Ltd

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

6

Debtors

Note

2025
£

2024
£

Trade debtors

 

90,234

62,213

Amounts owed by related parties

9

216,000

-

Other debtors

 

100

27,606

 

306,334

89,819

7

Creditors

Amounts falling due within one year

Note

2025
£

2024
£

Due within one year

 

Loans and borrowings

8

14,310

8,637

Trade creditors

 

58,643

40,569

Taxation and social security

 

76,881

47,100

Accruals and deferred income

 

1,735

1,580

Other creditors

 

53,575

-

 

205,144

97,886

Amounts falling due after more than one year

Note

2025
£

2024
£

Due after one year

 

Loans and borrowings

8

7,476

-

8

Loans and borrowings

Non-current loans and borrowings

2025
£

2024
£

Hire purchase contracts

7,476

-

Current loans and borrowings

2025
£

2024
£

Hire purchase contracts

14,310

8,637

 

L. Couriers Ltd

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

9

Related party transactions

Summary of transactions with all entities with joint control or significant interest

L. Property & Lettings Ltd Interest-free loan with no set terms for repayment
Dividends were also declared during the year, payable to L. Property & Lettings Ltd, amounting to £6,000. This amount is unpaid at the year end and therefore included in other creditors.

Loans to related parties

2025

Entities with joint control or significant influence
£

Total
£

Advanced

240,000

240,000

Repaid

(24,000)

(24,000)

At end of period

216,000

216,000