Company Registration No. 12239885 (England and Wales)
LBS ASSETS LTD
Unaudited accounts
for the year ended 31 March 2025
LBS ASSETS LTD
Unaudited accounts
Contents
LBS ASSETS LTD
Company Information
for the year ended 31 March 2025
Company Number
12239885 (England and Wales)
Registered Office
UNIT 6 STIRLING TRADING ESTATE
RAINHAM ROAD SOUTH
DAGENHAM
ESSEX
RM10 8TX
ENGLAND
LBS ASSETS LTD
Statement of financial position
as at 31 March 2025
Tangible assets
480,240
575,437
Debtors
1,950,121
1,935,833
Cash at bank and in hand
(10)
-
Creditors: amounts falling due within one year
(42,600)
(154,520)
Net current assets
1,907,511
1,781,313
Total assets less current liabilities
2,387,751
2,466,169
Provisions for liabilities
Deferred tax
(68,935)
(92,734)
Net assets
2,318,816
2,373,435
Called up share capital
100,000
100,000
Profit and loss account
2,218,816
2,273,435
Shareholders' funds
2,318,816
2,373,435
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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 25 September 2025 and were signed on its behalf by
Laurence Bird
Director
Company Registration No. 12239885
LBS ASSETS LTD
Notes to the Accounts
for the year ended 31 March 2025
LBS ASSETS LTD is a private company, limited by shares, registered in England and Wales, registration number 12239885. The registered office is UNIT 6 STIRLING TRADING ESTATE, RAINHAM ROAD SOUTH, DAGENHAM, ESSEX, RM10 8TX, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% on cost
Motor vehicles
20% on reducing balance
Fixtures & fittings
15% on cost
Computer equipment
33.33% on cost
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
LBS ASSETS LTD
Notes to the Accounts
for the year ended 31 March 2025
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 April 2024
204,500
12,940
351,385
3,694
2,918
575,437
Disposals
-
-
(26,147)
-
(801)
(26,948)
At 31 March 2025
204,500
12,940
325,238
3,694
2,117
548,489
Charge for the year
-
1,941
65,048
554
706
68,249
At 31 March 2025
-
1,941
65,048
554
706
68,249
At 31 March 2025
204,500
10,999
260,190
3,140
1,411
480,240
At 31 March 2024
204,500
12,940
351,385
3,694
2,918
575,437
5
Investments
Other investments
Valuation at 1 April 2024
109,419
Valuation at 31 March 2025
-
Amounts falling due within one year
Amounts due from group undertakings etc.
1,950,121
1,935,833
7
Creditors: amounts falling due within one year
2025
2024
Other creditors
42,000
42,000
Loans from directors
-
110,000
8
Average number of employees
During the year the average number of employees was 1 (2024: 1).