REGISTERED NUMBER: 06459089 (England and Wales)

LSF Technologies Limited

Unaudited Financial Statements

for the Year Ended 31st December 2024

Page

Company information

1

Balance sheet

2

to

3

Notes to the financial statements

4

to

7

Director:

Mrs R P Thompson

Secretary:

Mrs R P Thompson

Registered office:

128 City Road

London

EC1V 2NX

Registered number:

06459089 (England and Wales)

Accountants:

Rennie Welch LLP

Academy House

Shedden Park Road

Kelso

Roxburghshire

TD5 7AL

Fixed assets

Tangible assets

4

31,908

39,003

Current assets

Debtors

5

292,323

279,775

Creditors

Amounts falling due within one year

6

572,632

525,552

Net current liabilities

(280,309

)

(245,777

)

Total assets less current liabilities

(248,401

)

(206,774

)

Creditors

Amounts falling due after more than one year

7

(15,000

)

(19,050

)

Provisions for liabilities

(3,007

)

(7,411

)

Net liabilities

(266,408

)

(233,235

)

Capital and reserves

Called up share capital

200

200

Retained earnings

(266,608

)

(233,435

)

(266,408

)

(233,235

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 29th October 2025 and were signed by:

Mrs R P Thompson - Director

1.	Statutory information

LSF Technologies 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.

Turnover arising from the sale of goods is recognised when the significant risks and rewards of ownership have passed to the buyer. Turnover arising from the provision of services is recognised as contract activity progresses and the right to consideration is earned.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Office equipment

-

25% on reducing balance

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Financial instruments

The following assets and liabilities are classified as financial instruments - trade debtors, inter company loans, trade creditors, accruals, other creditors, bank loans, hire purchase contracts, bank overdrafts, and directors' loans.

Bank loans and hire purchase contracts are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors' loans (being repayable on demand), inter company loans, trade debtors, bank overdraft, other creditors, accruals and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Provisions

Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis.

Employee benefits

Short term employee benefits, including holiday pay, are recognised as an expense in the Statement of Income and Retained Earnings in the period in which they are incurred.

Going concern

The company has a deficit on the balance sheet and relies on the support of its shareholders and creditors, which has been confirmed for a period of at least twelve months from the approval of the financial statements. Accordingly the directors have prepared the financial statements on the going concern basis.

3.	Employees and directors

The average number of employees during the year was 1 (2023 - 1 ) .

4.	Tangible fixed assets

Fixtures

Plant and

and

Motor

Office

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

Cost

At 1st January 2024

23,166

21

67,567

1,225

91,979

Additions

-

-

-

2,082

2,082

At 31st December 2024

23,166

21

67,567

3,307

94,061

Depreciation

At 1st January 2024

6,522

12

46,189

253

52,976

Charge for year

3,327

2

5,345

503

9,177

At 31st December 2024

9,849

14

51,534

756

62,153

Net book value

At 31st December 2024

13,317

7

16,033

2,551

31,908

At 31st December 2023

16,644

9

21,378

972

39,003

5.

Debtors: amounts falling due within one year

2024

2023

£

£

Trade debtors

26,064

23,083

Amounts owed by group undertakings

259,168

249,075

Other debtors

7,091

7,617

292,323

279,775

6.

Creditors: amounts falling due within one year

2024

2023

£

£

Bank loans and overdrafts

10,664

10,289

Hire purchase contracts

1,550

6,087

Trade creditors

67,092

55,663

Amounts owed to group undertakings

320,309

203,467

Taxation and social security

41,240

37,439

Other creditors

131,777

212,607

572,632

525,552

7.

Creditors: amounts falling due after more than one year

2024

2023

£

£

Bank loans

15,000

17,500

Hire purchase contracts

-

1,550

15,000

19,050

8.	Secured debts

The following secured debts are included within creditors:

2024

2023

£

£

Hire purchase contracts

1,550

7,637

Hire purchase contracts are secured on the assets concerned.