2024-04-01 2025-03-31 06861694 LRC Transport LTD false 06861694 2024-04-01 2025-03-31 06861694 uk-bus:Director1 2024-04-01 2025-03-31 06861694 uk-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 06861694 uk-bus:SmallEntities 2024-04-01 2025-03-31 06861694 uk-bus:FullAccounts 2024-04-01 2025-03-31 06861694 uk-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 06861694 2024-04-01 06861694 2025-03-31 06861694 2024-03-31 xbrli:pure iso4217:GBP 06861694 2023-04-01 2024-03-31
Company Registration Number : 06861694 (England and Wales)
06861694
This company is a private limited company
This company sells stuff to other companies
The company was trading for the entire period
Full Accounts
2025-03-31
false
LRC Transport LTD
The accounts were prepared in accordance with FRS102A
The accounts have been audited
2024-04-01
LRC Transport LTD
Unaudited filleted financial statements
For the year ended 31 March 2025
LRC Transport LTD
Contents
For the year ended 31 March 2025
CONTENTS PAGE
Company Information 3
Statement of Financial Position 4
Notes to the Financial Statements 5 - 6


LRC Transport LTD
Company Information
For the year ended 31 March 2025
Company registration number 06861694 (England and Wales)
Director Lee Richard Cousins
Registered office address Larkwhistle Farm
Larkwhistle Farm Road
SO21 3BG
Accountant
LRC Transport LTD
Statement of Financial Position
For the year ended 31 March 2025
2025 2024
Notes £ £
Fixed assets
Property, plant and equipment 328,239 279,072
6 328,239 279,072
Current assets
Inventories 95,000 95,000
Debtors 188,064 166,223
283,064 261,223
Current liabilities
Creditors: Amounts falling due within one year (536,429) (423,218)
(536,429) (423,218)
Net current (liabilities)/assets (253,365) (161,995)
Total assets less current liabilities 74,874 117,077
Non-current liabilities
Creditors: Amounts falling due after more than one year (44,943) (70,500)
Net assets/(liabilities) 29,931 46,577
Capital and reserves
Called up share capital 1 1
Retained earnings 29,930 46,576
Shareholder's funds 29,931 46,577
For the year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The directors have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibility for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the special provisions of the Companies Act 2006 applicable to companies subject to the small companies' regime and in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A.
The profit and loss account has not been delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small entities regime. All the members of the company have consented to the drawing up of the abridged balance sheet.
  • For the year ended 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 their responsibility for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared 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.
Approved by the Board on 08 December 2025
.............................
Lee Richard Cousins (Director)
Company registration number: 06861694
/* == Copy of Frs105 Balance Sheet for XML COntent ============================================================ */
Balance sheet at 2025-03-31 31 March 2025
2025 2024
£ £
Fixed Assets 328,239 279,072
Current Assets 283,064 261,223
Creditors: amounts falling due within one year (536,429) (423,218)
Net current assets/(liabilities) (253,365) (161,995)
Total assets less current liabilities 74,874 117,077
CREDITORS: Amounts falling due more than one year (44,943) (70,500)
Net Assets/(liabilities) 29,931 46,577
Capital and Reserves 29,931 46,577
For the year ending 31/03/2025 the company was entitled to exemption 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. For the year ending 31-03-2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit for the year in accordance with section 476.
The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. 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 in accordance with the small companies provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the board of directors on 08 December 2025 0001-01-01 and signed on behalf of the board,
.............................
Lee Richard Cousins
Director
Company registration number: 06861694
LRC Transport LTD
Notes to the Financial Statements
For the year ended 31 March 2025
(1) General Information
The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is Larkwhistle Farm, Larkwhistle Farm Road, SO21 3BG.

(2) Statement of compliance
These individual financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A and Companies Act 2006, as applicable to companies subject to the small companies' regime.

(3) Significant Accounting Policies
Basis of Preparation
The financial statements have been prepared on the historical cost basis and in accordance with the Companies Act 2006. The presentation and functional currency of the company is pounds sterling. The financial statements are presented in pound units (£) unless stated otherwise.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the entity and when specific criteria have been met as described below.
Sale of goods
Sales of goods are recognised when the company has delivered the goods to the customer, no other significant obligation remains unfulfilled that may affect the customer's acceptance of the products and risks and rewards of ownership have transferred to them.
Rendering of Services
Revenue from provision of services rendered in the reporting period is recognised when the outcome of a transaction for the rendering of services can be estimated reliably in terms of revenue, costs and its stage of completion of the specific transaction at the end of the reporting period. The stage of completion is determined on the basis of the actual completion of a proportion of the total services to be rendered. When the outcome of a service contract cannot be estimated reliably the company only recognises revenue to the extent of the recoverable expenses recognised.
Borrowing costs
All borrowing related costs are included within the statement of income in the period in which they are incurred using the effective interest method.
Property, plant and equipment
Property, plant and equipment is stated at cost less accumulated depreciation and impairment losses. Part of an item of property, plant and equipment having different useful lives are accounted for as separate items.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives, using the straight-line method. The estimated useful lives, residual values and depreciation method are reviewed at the end of each reporting period, with the effect of any changes in estimate accounted for on a prospective basis.

Depreciation is provided to write off the cost less estimated residual value, of each asset over its expected useful life as follows:

Asset class and depreciation rate
Land and Buildings
Plant and Machinery25% reducing balance
Short Leasehold Properties
Investment Properties
Long Leasehold Properties
Commercial Vehicles25% reducing balance
Fixtures and Fittings
Equipment25% reducing balance
Motor Cars
Inventories
Inventories are measured at the lower of cost and net realisable value. Costs of inventories are determined on a first-in-first-out basis. Net realisable value represents the estimated selling price for inventories less all estimated costs necessary to make the sale.
Leases
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee. All other leases are classified as operating leases.

The company as lessee

Assets held under finance leases are initially recognised as assets of the company at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.
Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately in the income statement.
Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases,the aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis over the lease period.
Employee benefits
Payments to defined contribution retirement benefit plans are recognised as an expense when employees have rendered service entitling them to the contributions.

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

(4) Critical accounting judgements and key sources of estimation uncertainty
No judgement
No significant judgements or estimates have been made in preparation of these financial statements.

(5) Employees
During the year, the average number of employees including director was 10 (2024 : 10).

(6) Fixed assets
Tangible

£
Cost
As at 01 April 2024893,475
Additions78,792
Revaluation(201,182)
As at 31 March 2025771,085
Depreciation/Amortisation
As at 01 April 2024402,202
For the year7,077
Write off on revaluations33,568
As at 31 March 2025442,847
Net book value
As at 31 March 2025328,238
As at 31 March 2024491,273