REGISTERED NUMBER: 06019877 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025

FOR

L R MOTORS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R C Teakle

L G Funnell

SECRETARY:

R C Teakle

REGISTERED OFFICE:

Lansdown Road Motors

Lansdown

Stroud

Gloucestershire

GL5 1BU

REGISTERED NUMBER:

06019877 (England and Wales)

ACCOUNTANTS:

Shiner Mitchell Fisher & Co Ltd

Smith House

George Street

Nailsworth

Stroud

Gloucestershire

GL6 0AG

FIXED ASSETS

Tangible assets

4

947,729

978,830

CURRENT ASSETS

Stocks

4,470

3,220

Debtors

5

29,343

12,554

Cash at bank and in hand

3,274

11,109

37,087

26,883

CREDITORS

Amounts falling due within one year

6

422,117

437,590

NET CURRENT LIABILITIES

(385,030

)

(410,707

)

TOTAL ASSETS LESS CURRENT LIABILITIES

562,699

568,123

CREDITORS

Amounts falling due after more than one year

7

548,316

566,768

NET ASSETS

14,383

1,355

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

14,381

1,353

SHAREHOLDERS' FUNDS

14,383

1,355

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

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

R C Teakle - Director

1.	STATUTORY INFORMATION

L R Motors 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 etc

-

20% on reducing balance and 20% on cost

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2024 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 February 2024

973,324

43,945

1,017,269

Reclassification/transfer

(30,000

)

-

(30,000

)

At 31 January 2025

943,324

43,945

987,269

DEPRECIATION

At 1 February 2024

-

38,439

38,439

Charge for year

-

1,101

1,101

At 31 January 2025

-

39,540

39,540

NET BOOK VALUE

At 31 January 2025

943,324

4,405

947,729

At 31 January 2024

973,324

5,506

978,830

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Trade debtors

11,603

10,122

Other debtors

17,740

2,432

29,343

12,554

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Bank loans and overdrafts

44,945

38,017

Trade creditors

46,582

42,843

Taxation and social security

26,556

18,143

Other creditors

304,034

338,587

422,117

437,590

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.25

31.1.24

£

£

Bank loans

548,316

566,768

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

473,405

485,569

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.1.25

31.1.24

£

£

Bank loans

574,659

591,436

9.	RELATED PARTY DISCLOSURES

During the year, total dividends of £54,670 (2024 - £41,710) were paid to the directors .

10.	ULTIMATE CONTROLLING PARTY