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REGISTERED NUMBER: 11199086 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

FOR

LUCAS-SMITH LIMITED
LUCAS-SMITH LIMITED (REGISTERED NUMBER: 11199086)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


LUCAS-SMITH LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2025







DIRECTORS: A Smith
Ms E Lucas Torrejimeno





REGISTERED OFFICE: The Old Bank
The Triangle
Paulton
Bristol
BS39 8QY





REGISTERED NUMBER: 11199086 (England and Wales)





ACCOUNTANTS: Peregrine Chartered Certified Accountants
Old Bank
The Triangle
Paulton
Bristol
BS39 7LE
Page 1
LUCAS-SMITH LIMITED (REGISTERED NUMBER: 11199086)

BALANCE SHEET
28 FEBRUARY 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,598,156 1,480,155

CURRENT ASSETS
Debtors 5 296,916 28,367
Cash at bank 73,239 82,827
370,155 111,194
CREDITORS
Amounts falling due within one year 6 115,414 85,046
NET CURRENT ASSETS 254,741 26,148
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,852,897
1,506,303

CREDITORS
Amounts falling due after more than one
year
7
1,003,288
864,272
NET ASSETS 849,609 642,031

CAPITAL AND RESERVES
Called up share capital 100 100
Non distributable reserve 8 381,674 374,503
Retained earnings 467,835 267,428
SHAREHOLDERS' FUNDS 849,609 642,031

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 10 November 2025 and were signed on its behalf by:





A Smith - Director


The notes form part of these financial statements

Page 2
LUCAS-SMITH LIMITED (REGISTERED NUMBER: 11199086)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

1. STATUTORY INFORMATION

Lucas-Smith 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 as modified by the revaluation of certain assets.

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 - 25% on reducing balance and 15% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

Page 3 continued...
LUCAS-SMITH LIMITED (REGISTERED NUMBER: 11199086)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2025

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 29 February 2024 1,477,538 4,723 1,482,261
Additions 109,284 2,529 111,813
Revaluations 7,170 - 7,170
At 28 February 2025 1,593,992 7,252 1,601,244
DEPRECIATION
At 29 February 2024 - 2,106 2,106
Charge for year - 982 982
At 28 February 2025 - 3,088 3,088
NET BOOK VALUE
At 28 February 2025 1,593,992 4,164 1,598,156
At 28 February 2024 1,477,538 2,617 1,480,155

Cost or valuation at 28 February 2025 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2019 330,191 - 330,191
Valuation in 2020 316,627 - 316,627
Valuation in 2021 103,330 - 103,330
Valuation in 2022 215,745 - 215,745
Valuation in 2023 432,596 - 432,596
Valuation in 2024 7,134 - 7,134
Valuation in 2025 7,170 - 7,170
Cost 181,199 7,252 188,451
1,593,992 7,252 1,601,244

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 8,429 7,856
Other debtors 288,487 20,511
296,916 28,367

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 40,956 -
Trade creditors 3,979 4,726
Taxation and social security 69,154 42,236
Other creditors 1,325 38,084
115,414 85,046

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Bank loans 1,003,288 864,272

Page 4 continued...
LUCAS-SMITH LIMITED (REGISTERED NUMBER: 11199086)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2025

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2025 2024
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 863,925 864,272

8. RESERVES
Non
distributable
reserve
£   
At 29 February 2024 374,503
Movement in year 7,171

At 28 February 2025 381,674

Page 5