REGISTERED NUMBER: 03029286 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 June 2025

for

L&F Commercial Parts Specialists Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

D Ford

REGISTERED OFFICE:

Suite 1

Liberty House

South Liberty Lane

Bristol

BS3 2ST

REGISTERED NUMBER:

03029286 (England and Wales)

ACCOUNTANTS:

Stanley Joseph Limited

Chartered Accountants

Suite 1

Liberty House

South Liberty Lane

Bristol

BS3 2ST

BANKERS:

Lloyds TSB

Westbury on Trym Branch

15 High Street

Westbury on Trym

Bristol

BS9 3DA

FIXED ASSETS

Property, plant and equipment

4

85,191

52,046

CURRENT ASSETS

Inventories

3,000

3,000

Debtors

5

150,280

70,530

Cash at bank

290,583

278,071

443,863

351,601

CREDITORS

Amounts falling due within one year

6

307,594

345,632

NET CURRENT ASSETS

136,269

5,969

TOTAL ASSETS LESS CURRENT LIABILITIES

221,460

58,015

PROVISIONS FOR LIABILITIES

21,298

13,012

NET ASSETS

200,162

45,003

CAPITAL AND RESERVES

Called up share capital

7

100

100

Capital redemption reserve

8

2

2

Retained earnings

8

200,060

44,901

SHAREHOLDERS' FUNDS

200,162

45,003

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 14 October 2025 and were signed by:

D Ford - Director

1.	STATUTORY INFORMATION

L&F Commercial Parts Specialists 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 the amounts receivable, excluding VAT and trade discounts, by the company for goods and services provided during the year. All transactions arose in the United Kingdom.

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

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Inventories 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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 5 (2024 - 5 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 July 2024

10,885

81,531

92,416

Additions

-

72,113

72,113

Disposals

-

(17,495

)

(17,495

)

At 30 June 2025

10,885

136,149

147,034

DEPRECIATION

At 1 July 2024

10,551

29,819

40,370

Charge for year

49

28,422

28,471

Eliminated on disposal

-

(6,998

)

(6,998

)

At 30 June 2025

10,600

51,243

61,843

NET BOOK VALUE

At 30 June 2025

285

84,906

85,191

At 30 June 2024

334

51,712

52,046

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

£

Trade debtors

142,892

61,438

Other debtors

-

2,580

Prepayments and accrued income

7,388

6,512

150,280

70,530

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

£

Trade creditors

223,972

299,724

Tax

62,817

27,768

Social security and other taxes

1,515

1,769

VAT

18,860

13,737

Wages control

-

1,687

Directors' current accounts

9

270

Pension

421

677

307,594

345,632

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.25

30.6.24

value:

£

£

100

Ordinary

£1

100

100

8.

RESERVES

Capital

Retained

redemption

earnings

reserve

Totals

£

£

£

At 1 July 2024

44,901

2

44,903

Profit for the year

213,309

213,309

Dividends

(58,150

)

(58,150

)

At 30 June 2025

200,060

2

200,062

9.	RELATED PARTY DISCLOSURES

During the year, total dividends of £29,075 were paid to the director .

10.	ULTIMATE CONTROLLING PARTY

The controlling party is D Ford.