Company registration number 01622858 (England and Wales)
Lemsford Metal Products (1982) Limited
Unaudited Financial Statements
For the year ended 30 June 2025
PAGES FOR FILING WITH REGISTRAR
Lemsford Metal Products (1982) Limited
Contents
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
Lemsford Metal Products (1982) Limited
Balance Sheet
As at 30 June 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
1,125,438
1,156,151
Current assets
Stocks
72,946
85,073
Debtors
4
99,058
168,669
Cash at bank and in hand
255,594
168,122
427,598
421,864
Creditors: amounts falling due within one year
5
(169,123)
(165,656)
Net current assets
258,475
256,208
Total assets less current liabilities
1,383,913
1,412,359
Creditors: amounts falling due after more than one year
6
-
(10,716)
Net assets
1,383,913
1,401,643
Capital and reserves
Called up share capital
40,000
40,000
Revaluation reserve
636,601
636,601
Profit and loss reserves
707,312
725,042
Total equity
1,383,913
1,401,643
Lemsford Metal Products (1982) Limited
Balance Sheet (Continued)
As at 30 June 2025
- 2 -

For the financial year ended 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question 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.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 28 August 2025 and are signed on its behalf by:
P M Davis
Director
Company registration number 01622858 (England and Wales)
Lemsford Metal Products (1982) Limited
Notes to the Financial Statements
For the year ended 30 June 2025
- 3 -
1
Accounting policies
Company information

Lemsford Metal Products (1982) Limited is a private company limited by shares incorporated in England and Wales. The registered office is 24 Hyde Way, Welwyn Garden City, Hertfordshire, AL7 3UQ.

1.1
Basis of preparation

These financial statements have been prepared in accordance with section 1A of FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost. The freehold property is revalued to open market value.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
No depreciation
Plant and equipment
8% straight line
Fixtures and fittings
15% straight line
Computers
25% straight line
Motor vehicles
25% straight line
1.4
Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises all costs of purchase, costs of conversion and those overheads that have been incurred in bringing the stocks to their present location and condition.

Lemsford Metal Products (1982) Limited
Notes to the Financial Statements (Continued)
For the year ended 30 June 2025
1
Accounting policies
(Continued)
- 4 -
1.6
Financial instruments

The company has elected to apply the provisions of Section 11 and Section 12 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.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price 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 fair 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

Basic financial liabilities, which include trade and other payables and bank loans, are initially measured at transaction price and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present fair value of the future receipts discounted at a market rate of interest.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

1.8
Retirement benefits

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

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
12
12
Lemsford Metal Products (1982) Limited
Notes to the Financial Statements (Continued)
For the year ended 30 June 2025
- 5 -
3
Tangible fixed assets
Freehold land and buildings
Plant and equipment
Fixtures and fittings
Computers
Motor vehicles
Total
£
£
£
£
£
£
Cost or valuation
At 1 July 2024
1,000,000
571,365
42,209
100,093
21,667
1,735,334
Additions
-
0
700
-
0
-
0
-
0
700
At 30 June 2025
1,000,000
572,065
42,209
100,093
21,667
1,736,034
Depreciation and impairment
At 1 July 2024
-
0
422,262
40,355
94,901
21,665
579,183
Depreciation charged in the year
-
0
28,469
643
2,301
-
0
31,413
At 30 June 2025
-
0
450,731
40,998
97,202
21,665
610,596
Carrying amount
At 30 June 2025
1,000,000
121,334
1,211
2,891
2
1,125,438
At 30 June 2024
1,000,000
149,103
1,854
5,192
2
1,156,151

The freehold property was valued by the directors on 30 June 2023 on an open market basis.

Land and buildings are carried at valuation. If land and buildings were measured using the cost model, the carrying amounts would have been approximately £363,399 (2024 - £363,399), being cost £363,399 (2024 - £363,399) and depreciation £nil (2024 - £nil).

4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
84,029
152,476
Corporation tax recoverable
-
0
1,829
Other debtors
15,029
14,364
99,058
168,669
Lemsford Metal Products (1982) Limited
Notes to the Financial Statements (Continued)
For the year ended 30 June 2025
- 6 -
5
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
10,716
10,028
Trade creditors
31,507
44,537
Corporation tax
853
-
0
Other taxation and social security
37,615
33,247
Other creditors
88,432
77,844
169,123
165,656
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
-
0
10,716

The bank loan is secured by way of a legal charge and debenture over the company's property at 24 Hyde Way, Welwyn Garden City.

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