REGISTERED NUMBER: 08051116 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

L & H Exhausts Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr A J W Earl

Mr C M Triggs

REGISTERED OFFICE:

4 Charlotte Street

Melton Mowbray

Leicestershire

LE13 1NA

REGISTERED NUMBER:

08051116 (England and Wales)

ACCOUNTANTS:

SRB Associates (Leicestershire) Limited

Pera Business Park

Nottingham Road

Melton Mowbray

Leicestershire

LE13 0PB

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

42,116

10,580

42,116

10,580

CURRENT ASSETS

Stocks

2,563

2,364

Debtors

6

18,547

20,578

Cash at bank and in hand

39,538

33,329

60,648

56,271

CREDITORS

Amounts falling due within one year

7

62,120

59,634

NET CURRENT LIABILITIES

(1,472

)

(3,363

)

TOTAL ASSETS LESS CURRENT LIABILITIES

40,644

7,217

PROVISIONS FOR LIABILITIES

8

8,002

2,010

NET ASSETS

32,642

5,207

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

32,542

5,107

SHAREHOLDERS' FUNDS

32,642

5,207

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 19 September 2025 and were signed on its behalf by:

Mr A J W Earl - Director

1.	STATUTORY INFORMATION

L & H Exhausts 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.

Turnover

Turnover represents amounts receivable from goods and services provided in the normal course of business, net of trade discounts, VAT and other sales related taxes.

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.

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 properties and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each assets over its expected useful life, as follow:

Plant and machinery - 20% Reducing Balance Basis

Computer equipment - 33.33% Straight Line Basis

Motor vehicles - 25% Reducing Balance Basis

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.

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.

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 9 (2024 - 9 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

75,000

AMORTISATION

At 1 April 2024

and 31 March 2025

75,000

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2024

73,233

-

456

73,689

Additions

4,257

39,068

162

43,487

At 31 March 2025

77,490

39,068

618

117,176

DEPRECIATION

At 1 April 2024

62,702

-

407

63,109

Charge for year

2,106

9,767

78

11,951

At 31 March 2025

64,808

9,767

485

75,060

NET BOOK VALUE

At 31 March 2025

12,682

29,301

133

42,116

At 31 March 2024

10,531

-

49

10,580

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

9,564

13,391

Other debtors

8,983

7,187

18,547

20,578

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

27,631

29,027

Taxation and social security

11,538

26,108

Other creditors

22,951

4,499

62,120

59,634

8.	PROVISIONS FOR LIABILITIES

31.3.25

31.3.24

£

£

Deferred tax

8,002

2,010

Deferred

tax

£

Balance at 1 April 2024

2,010

Charge to Income Statement during year

5,992

Balance at 31 March 2025

8,002

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

98

Ordinary Shares

£1

98

98

2

Ordinary A Shares

£1

2

2

100

100

10.	RELATED PARTY DISCLOSURES

Within other creditors is an amount of £18,980 (2024: £692) due to the directors. The amount due to the directors are interest free and repayable on demand.

11.	ULTIMATE CONTROLLING PARTY

The controlling parties are Mr A J W Earl and Mr C M Triggs the directors of the company who own an equal 49% share of the issued share capital.