REGISTERED NUMBER: 12598635 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 May 2025

for

LSA Supplies Ltd

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

76,497

68,328

CURRENT ASSETS

Stocks

5

274,145

186,321

Debtors

6

237,138

220,295

Cash at bank and in hand

86,811

85,530

598,094

492,146

CREDITORS

Amounts falling due within one year

7

265,853

297,743

NET CURRENT ASSETS

332,241

194,403

TOTAL ASSETS LESS CURRENT LIABILITIES

408,738

262,731

CREDITORS

Amounts falling due after more than one year

8

30,795

67,307

NET ASSETS

377,943

195,424

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

377,843

195,324

377,943

195,424

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2025 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.

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 15 August 2025 and were signed on its behalf by:

L Sperring - Director

1.	STATUTORY INFORMATION

LSA Supplies Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

12598635

Registered office:

Unit B, Clovelly Road

Soutbourne

Emsworth

Hampshire

PO10 8PF

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2024 - 12 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

Computer

leasehold

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 June 2024

4,125

59,743

19,700

233

83,801

Additions

-

27,785

1,100

3,571

32,456

Disposals

-

(9,000

)

-

-

(9,000

)

At 31 May 2025

4,125

78,528

20,800

3,804

107,257

DEPRECIATION

At 1 June 2024

-

9,682

5,714

77

15,473

Charge for year

-

13,358

3,505

458

17,321

Eliminated on disposal

-

(2,034

)

-

-

(2,034

)

At 31 May 2025

-

21,006

9,219

535

30,760

NET BOOK VALUE

At 31 May 2025

4,125

57,522

11,581

3,269

76,497

At 31 May 2024

4,125

50,061

13,986

156

68,328

5.

STOCKS

31.5.25

31.5.24

£

£

Stocks

274,145

186,321

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Trade debtors

236,388

219,545

Other debtors

750

750

237,138

220,295

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Trade creditors

138,624

223,256

Taxation and social security

124,979

57,237

Other creditors

2,250

17,250

265,853

297,743

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.5.25

31.5.24

£

£

Bank loans

30,795

36,144

Hire purchase contracts

-

19,163

Other creditors

-

12,000

30,795

67,307