Company Registration No. 13284611 (England and Wales)
Lhc Developers Ltd
Unaudited accounts
for the year ended 31 March 2025
Lhc Developers Ltd
Unaudited accounts
Contents
Lhc Developers Ltd
Company Information
for the year ended 31 March 2025
Directors
Matthew Clements
Neil Linford-Hazell
Company Number
13284611 (England and Wales)
Registered Office
190 Middletons Lane
Norwich
Norfolk
NR6 5SF
England
Accountants
JHW Azoth Ltd
13 The Close
Norwich
Norfolk
NR1 4DS
Lhc Developers Ltd
Statement of financial position
as at 31 March 2025
Tangible assets
18,294
18,306
Inventories
66,418
102,000
Cash at bank and in hand
120,948
173,547
Creditors: amounts falling due within one year
(88,531)
(128,973)
Net current assets
103,549
148,466
Total assets less current liabilities
121,843
166,772
Creditors: amounts falling due after more than one year
(4,965)
(10,137)
Net assets
116,878
156,635
Called up share capital
2
2
Profit and loss account
116,876
156,633
Shareholders' funds
116,878
156,635
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 directors acknowledge their 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 of Directors and authorised for issue on 1 December 2025 and were signed on its behalf by
Matthew Clements
Director
Company Registration No. 13284611
Lhc Developers Ltd
Notes to the Accounts
for the year ended 31 March 2025
Lhc Developers Ltd is a private company, limited by shares, registered in England and Wales, registration number 13284611. The registered office is 190 Middletons Lane, Norwich, Norfolk, NR6 5SF, 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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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
25% Reducing balance
Computer equipment
33% Straight line
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Lhc Developers Ltd
Notes to the Accounts
for the year ended 31 March 2025
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2024
20,629
323
20,952
At 31 March 2025
25,771
614
26,385
At 1 April 2024
2,538
108
2,646
Charge for the year
5,281
164
5,445
At 31 March 2025
7,819
272
8,091
At 31 March 2025
17,952
342
18,294
At 31 March 2024
18,091
215
18,306
Amounts falling due within one year
Accrued income and prepayments
2,106
1,892
6
Creditors: amounts falling due within one year
2025
2024
Obligations under finance leases and hire purchase contracts
5,042
5,042
Trade creditors
19,472
20,388
Taxes and social security
23,382
66,570
Loans from directors
33,860
37,755
7
Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
4,965
10,137
8
Average number of employees
During the year the average number of employees was 2 (2024: 2).