Company No: 14716971 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	104,200		80,668
		104,200		80,668
Current assets
Stocks		49,871		76,000
Debtors	4	13,881		10,442
Cash at bank and in hand		31,550		50,986
		95,302		137,428
Creditors: amounts falling due within one year	5	( 53,549)		( 160,989)
Net current assets/(liabilities)		41,753		(23,561)
Total assets less current liabilities		145,953		57,107
Creditors: amounts falling due after more than one year	6	( 10,833)		( 17,250)
Provision for liabilities		( 10,745)		( 5,232)
Net assets		124,375		34,625
Capital and reserves
Called-up share capital		100		100
Profit and loss account		124,275		34,525
Total shareholders' funds		124,375		34,625

For the financial period ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial period in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Lamerton Stores Limited (registered number: 14716971) were approved and authorised for issue by the Board of Directors on 08 September 2025. They were signed on its behalf by:

Mr C Bassett Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period and to the preceding financial period, unless otherwise stated.

General information and basis of accounting

Lamerton Stores Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is C/O Francis Clark Llp Unit 18, 23 Melville Building East, Royal William Yard, Plymouth, PL1 3GW, United Kingdom. The principal place of business is Collacombe Down, Lamerton, Tavistock, Devon, PL19 8SD.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a basis over its expected useful life, as follows:

Leasehold improvements	10 years straight line
Plant and machinery	15 % reducing balance
Vehicles	25 % reducing balance
Fixtures and fittings	25 % reducing balance
Office equipment	25 % reducing balance

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the period, including directors	8		8

3. Tangible assets

	Leasehold improve- ments		Plant and machinery		Vehicles		Fixtures and fittings		Office equipment		Total
	£		£		£		£		£		£
Cost
At 01 April 2024	56,540		0		6,875		14,365		8,416		86,196
Additions	18,377		10,803		0		7,410		429		37,019
At 31 March 2025	74,917		10,803		6,875		21,775		8,845		123,215
Accumulated depreciation
At 01 April 2024	1,955		0		299		2,392		882		5,528
Charge for the financial period	5,654		1,248		1,644		2,993		1,948		13,487
At 31 March 2025	7,609		1,248		1,943		5,385		2,830		19,015
Net book value
At 31 March 2025	67,308		9,555		4,932		16,390		6,015		104,200
At 31 March 2024	54,585		0		6,576		11,973		7,534		80,668

4. Debtors

	2025		2024
	£		£
Trade debtors	11,417		10,173
Other debtors	2,464		269
	13,881		10,442

5. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	1,754		10,340
Amounts owed to connected companies	16,750		136,850
Amounts owed to directors	4,078		478
Other loans	5,000		4,000
Accruals	2,625		2,500
Taxation and social security	22,935		6,450
Other creditors	407		371
	53,549		160,989

6. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Other loans	10,833		17,250

There are no amounts included above in respect of which any security has been given by the small entity.