REGISTERED NUMBER: 05902256 (England and Wales)

LRS MECHANICAL ENGINEERING LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S E Marden

SECRETARY:

MC Secretaries Limited

REGISTERED OFFICE:

Unit 1

Leydene Gardens Farm

East Meon

Petersfield

Hants

GU32 1HG

REGISTERED NUMBER:

05902256 (England and Wales)

ACCOUNTANTS:

Morris Crocker

Chartered Accountants

Lake House

2 Port Way

Port Solent

Portsmouth

Hampshire

PO6 4TY

FIXED ASSETS

Intangible assets

4

3,750

6,250

Tangible assets

5

6,170

9,163

9,920

15,413

CURRENT ASSETS

Stocks

7,000

6,500

Debtors

6

38,877

18,195

Cash at bank

81,491

76,216

127,368

100,911

CREDITORS

Amounts falling due within one year

7

112,309

88,084

NET CURRENT ASSETS

15,059

12,827

TOTAL ASSETS LESS CURRENT LIABILITIES

24,979

28,240

CREDITORS

Amounts falling due after more than one year

8

(1,500

)

(7,500

)

PROVISIONS FOR LIABILITIES

(1,542

)

(2,291

)

NET ASSETS

21,937

18,449

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

21,837

18,349

SHAREHOLDERS' FUNDS

21,937

18,449

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 16 December 2025 and were signed by:

S E Marden - Director

1.	STATUTORY INFORMATION

LRS Mechanical Engineering 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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 represents net sales of services during the year, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

-

15% on cost

Fixtures and fittings

-

15% on cost

Motor vehicles

-

20% on cost

Computer equipment

-

33.33% on cost

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments

Debtors and cash at bank: Trade and other debtors are recognised at the settlement amount due after any trade discount offered. prepayments are valued at the amount prepaid net of any trade discounts due. Cash at bank and in hand includes cash on deposit or in a current account.

Creditors and provisions: Creditors and provisions are recognised where there is a present obligation resulting from a past event that will probably result in the transfer of economic benefits to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

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 at the balance sheet date, except as otherwise required in the paragraphs below.

Unrelieved 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.

Deferred tax shall not be recognised on permanent differences, other than a business combination where assets (other than goodwill) give rise to an deferred tax asset or liability.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

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

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

50,000

AMORTISATION

At 1 April 2024

43,750

Charge for year

2,500

At 31 March 2025

46,250

NET BOOK VALUE

At 31 March 2025

3,750

At 31 March 2024

6,250

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

38,789

1,421

31,711

2,692

74,613

Additions

-

-

2,300

-

2,300

Disposals

(14,641

)

(362

)

(18,776

)

(2,692

)

(36,471

)

At 31 March 2025

24,148

1,059

15,235

-

40,442

DEPRECIATION

At 1 April 2024

37,070

1,421

24,267

2,692

65,450

Charge for year

625

-

2,330

-

2,955

Eliminated on disposal

(14,487

)

(362

)

(16,592

)

(2,692

)

(34,133

)

At 31 March 2025

23,208

1,059

10,005

-

34,272

NET BOOK VALUE

At 31 March 2025

940

-

5,230

-

6,170

At 31 March 2024

1,719

-

7,444

-

9,163

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

35,967

17,180

Other debtors

2,910

1,015

38,877

18,195

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

9,228

-

Trade creditors

8,627

7,341

Amounts owed to group undertakings

7,271

58

Taxation and social security

10,130

10,405

Other creditors

77,053

70,280

112,309

88,084

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other creditors

1,500

7,500