L. & C. Products Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 01130031

L. & C. Products Limited

Unaudited financial statements

31 March 2025

L. & C. Products Limited

Statement of financial position

31 March 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Tangible assets	5		1,152,662		1,154,286

Current assets

Debtors	6	147,249	295,927
Cash at bank and in hand		292,570	110,357
		---------	---------
		439,819	406,284

Creditors: Amounts falling due within one year	7	( 91,568)		( 73,832)
		---------		---------
Net current assets			348,251		332,452
			-----------		-----------
Total assets less current liabilities			1,500,913		1,486,738

Creditors: Amounts falling due after more than one year	8		( 44,101)		( 65,226)

Provisions

Taxation including deferred tax	( 666)	( 1,072)
	-----------	-----------
Net assets	1,456,146	1,420,440
	-----------	-----------

Capital and reserves

Called up share capital	100,000	100,000
Revaluation reserve	428,369	428,369
Profit and loss account	927,777	892,071
	-----------	-----------
Shareholders funds	1,456,146	1,420,440
	-----------	-----------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year 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 year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

L. & C. Products Limited

Statement of financial position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 25 October 2025 , and are signed on behalf of the board by:

L E J Brown

Director

Company registration number: 01130031

L. & C. Products Limited

Notes to the financial statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Bullens Farm Barn, Eades Paddock, Great Barton, Bury St Edmunds, Suffolk, United Kingdom, IP31 2TY.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures and fittings	-	15% reducing balance
Office Equipment	-	33% straight line

Investment property

Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of employees during the year was 3 (2024: 3 ).

5. Tangible assets

	Fixtures and fittings	Office Equipment	Investment Properties	Total
	£	£	£	£
Cost
At 1 April 2024	5,350	6,504	1,150,000	1,161,854
Additions	–	242	–	242
	------	------	-----------	-----------
At 31 March 2025	5,350	6,746	1,150,000	1,162,096
	------	------	-----------	-----------
Depreciation
At 1 April 2024	3,427	4,141	–	7,568
Charge for the year	288	1,578	–	1,866
	------	------	-----------	-----------
At 31 March 2025	3,715	5,719	–	9,434
	------	------	-----------	-----------
Carrying amount
At 31 March 2025	1,635	1,027	1,150,000	1,152,662
	------	------	-----------	-----------
At 31 March 2024	1,923	2,363	1,150,000	1,154,286
	------	------	-----------	-----------

The directors have revalued the investment properties to their fair value at the year end date based on their open market value.

Tangible assets held at valuation

In respect of tangible assets held at valuation, the aggregate cost, depreciation and comparable carrying amount that would have been recognised if the assets had been carried under the historical cost model are as follows:

	Investment Properties
	£
At 31 March 2025
Aggregate cost	738,293
Aggregate depreciation	–
	---------
Carrying value	738,293
	---------

At 31 March 2024
Aggregate cost	738,293
Aggregate depreciation	–
	---------
Carrying value	738,293
	---------

6. Debtors

	2025	2024
	£	£
Trade debtors	14,897	15,975
Other debtors	132,352	279,952
	---------	---------
	147,249	295,927
	---------	---------

7. Creditors: Amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	22,063	20,835
Trade creditors	18,287	3,837
Social security and other taxes	20,575	21,820
Other creditors	30,643	27,340
	-------	-------
	91,568	73,832
	-------	-------

The bank loans are secured on a fixed and floating charge over the Investment properties.

8. Creditors: Amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	44,101	65,226
	-------	-------

The bank loans are secured on a fixed and floating charge over the Investment properties.

9. Directors' advances, credits and guarantees

Included within debtors at the year end is a directors loan account of £Nil (2024: £984). The maximum overdrawn balance during the year as £Nil. Interest of £Nil was charged at the official rate.