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REGISTERED NUMBER: 05549437 (England and Wales)






















LHL Group Limited

Unaudited Financial Statements for the Year Ended 31st October 2024






LHL Group Limited (Registered number: 05549437)






Contents of the Financial Statements
for the year ended 31st October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LHL Group Limited

Company Information
for the year ended 31st October 2024







DIRECTORS: R Hampshire
S Bennett
R Brasnett
D J Bower





SECRETARIES: R Hampshire
D J Bower





REGISTERED OFFICE: Stanley Harrison House
The Chocolate Works
Bishopthorpe Road
York
YO23 1DE





REGISTERED NUMBER: 05549437 (England and Wales)





ACCOUNTANTS: Smailes Goldie
Chartered Accountants
Regent's Court
Princess Street
Hull
East Yorkshire
HU2 8BA

LHL Group Limited (Registered number: 05549437)

Balance Sheet
31st October 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 38,109 34,964
Investments 6 1,920 1,920
40,029 36,884

CURRENT ASSETS
Debtors 7 538,414 568,360
Cash at bank and in hand 166,880 47,936
705,294 616,296
CREDITORS
Amounts falling due within one year 8 589,907 481,211
NET CURRENT ASSETS 115,387 135,085
TOTAL ASSETS LESS CURRENT
LIABILITIES

155,416

171,969

CREDITORS
Amounts falling due after more than one
year

9

(67,913

)

(77,117

)

PROVISIONS FOR LIABILITIES (550 ) -
NET ASSETS 86,953 94,852

CAPITAL AND RESERVES
Called up share capital 12 1,578 1,578
Share premium 79,686 79,686
Capital redemption reserve 3,192 3,192
Retained earnings 2,497 10,396
86,953 94,852

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

LHL Group Limited (Registered number: 05549437)

Balance Sheet - continued
31st October 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17th July 2025 and were signed on its behalf by:





R Hampshire - Director


LHL Group Limited (Registered number: 05549437)

Notes to the Financial Statements
for the year ended 31st October 2024

1. STATUTORY INFORMATION

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

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102
"The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the
provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have
been prepared under the historical cost convention on a going concern basis.

The financial statements have been prepared on a going concern basis. The directors have taken note of the guidance issued by the Financial Reporting Council on Going Concern Assessments in determining that this is the appropriate basis of preparation of the financial statements.

The financial statements have been prepared in sterling rounded to the nearest £1.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Preparation of consolidated financial statements
The financial statements contain information about LHL Group Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Turnover represents revenue earned under a wide variety of contracts to provide professional services. Revenue is recognised as earned when, and to the extent that, the company obtains the right to consideration in exchange for its performance under these contracts. It is measured at the fair value of the right to consideration, which represents amounts chargeable to clients, including expenses and disbursements but excluding value added tax.

Revenue is generally recognised as contract activity progresses so that for incomplete contracts it reflects the partial performance of the contractual obligations. For such contracts the amount of revenue reflects the accrual of the right to consideration by reference to the value of work performed. Revenue not billed to clients is included in the debtors as amounts recoverable on contract and payments on account in excess of the relevant amount of revenue are included in the creditors.

Fee income that is contingent on events outside the control of the company is recognised when the contingent event occurs.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

LHL Group Limited (Registered number: 05549437)

Notes to the Financial Statements - continued
for the year ended 31st October 2024

2. ACCOUNTING POLICIES - continued

Tangible fixed assets
Tangible fixed assets are stated at cost (or deemed cost) less accumulated depreciation and accumulated impairment losses. Cost includes those costs that are directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Leasehold improvements- 15% straight line
Fixtures, fittings and equipment- 15% straight line
Motor vehicles- 25% straight line
Computer equipment- 16-33% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale
proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Government grants
Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

Investments in subsidiaries
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

LHL Group Limited (Registered number: 05549437)

Notes to the Financial Statements - continued
for the year ended 31st October 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets, which include debtors and cash and bank balances, are initially measured at
transaction price including transaction costs and are subsequently carried at amortised cost using the
effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities, including creditors and bank loans, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the
assets of the company after deducting all of its liabilities.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

LHL Group Limited (Registered number: 05549437)

Notes to the Financial Statements - continued
for the year ended 31st October 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss as an expense in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 28 (2023 - 29 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st November 2023
and 31st October 2024 504,572
AMORTISATION
At 1st November 2023
and 31st October 2024 504,572
NET BOOK VALUE
At 31st October 2024 -
At 31st October 2023 -

LHL Group Limited (Registered number: 05549437)

Notes to the Financial Statements - continued
for the year ended 31st October 2024

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st November 2023 5,882 216,465 222,347
Additions - 12,716 12,716
Disposals - (1,000 ) (1,000 )
At 31st October 2024 5,882 228,181 234,063
DEPRECIATION
At 1st November 2023 5,882 181,501 187,383
Charge for year - 9,571 9,571
Eliminated on disposal - (1,000 ) (1,000 )
At 31st October 2024 5,882 190,072 195,954
NET BOOK VALUE
At 31st October 2024 - 38,109 38,109
At 31st October 2023 - 34,964 34,964

The net book value of plant and machinery etc includes £20,333 (2023 - £16,775) in respect of assets held under finance leases or hire purchase contracts. The depreciation charge in respect of such assets amounted to £4,692 (2023 - £2,097) for the year.

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1st November 2023
and 31st October 2024 1,920
NET BOOK VALUE
At 31st October 2024 1,920
At 31st October 2023 1,920

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 317,191 295,278
Amounts recoverable on contract 167,382 207,808
Other debtors 53,841 65,274
538,414 568,360

LHL Group Limited (Registered number: 05549437)

Notes to the Financial Statements - continued
for the year ended 31st October 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts (see note 10) 4,668 9,527
Trade creditors 34,180 57,337
Amounts owed to group undertakings 60,420 60,420
Taxation and social security 225,965 137,579
Other creditors 254,674 206,348
589,907 481,211

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 11,713 21,667
Hire purchase contracts (see note 10) 4,170 3,420
Other creditors 52,030 52,030
67,913 77,117

10. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 4,668 9,527
Between one and five years 4,170 3,420
8,838 12,947

Non-cancellable operating leases
2024 2023
£    £   
Within one year 82,843 143,215

LHL Group Limited (Registered number: 05549437)

Notes to the Financial Statements - continued
for the year ended 31st October 2024

11. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 21,713 31,667
Hire purchase contracts 8,838 12,947
30,551 44,614

Bank loans are secured by the UK Government under the Coronavirus Business Bounce Back Loan Scheme.

Hire purchase liabilities are secured against the assets that they relate to.

12. CALLED UP SHARE CAPITAL

Ordinary share capital allotted, issued and fully paid:

Number: Class: Nominal 2024 2023
Value £    £   
204 Ordinary A £1 204 -
510 Ordinary B £1 510 510
204 Ordinary D £1 204 -
204 Ordinary E £1 204 408
150 Ordinary F £1 150 150
510 Ordinary DA £1 - 510
306 Ordinary ZZ £1 306 -

1,578 1,578

During the period the following shares were redesignated:

- 204 Ordinary E shares were redesignated as 204 Ordinary A shares
- 506 Ordinary DA shares were redesignated as 204 Ordinary D shares and 306 Ordinary ZZ shares

13. PENSION COMMITMENTS

Employer contributions to defined contribution schemes for the year amounted to £33,410 (2023 £36,356). At 31 October there was £6,720 outstanding (2023 £6,735).