Lones (UK) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 05175628 (England and Wales)

LONES (UK) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 FEBRUARY 2024 TO 31 MARCH 2025

Page

Company Information

1

Chartered Accountants' Report

2

Statement of Financial Position

3

Notes to the Financial Statements

5

DIRECTORS:

Mr G R Higgitt

Mr L Irwin

Mr K Austin

Mr C J G Hargreaves

REGISTERED OFFICE:

15-17 Church Street

Stourbridge

West Midlands

DY8 1LU

REGISTERED NUMBER:

05175628 (England and Wales)

ACCOUNTANTS:

Folkes Worton LLP

15-17 Church Street

Stourbridge

West Midlands

DY8 1LU

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Lones (UK) Limited for the period ended 31 March 2025 which comprise the Income Statement, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Lones (UK) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Lones (UK) Limited and state those matters that we have agreed to state to the Board of Directors of Lones (UK) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Lones (UK) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Lones (UK) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Lones (UK) Limited. You consider that Lones (UK) Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Lones (UK) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Folkes Worton LLP

15-17 Church Street

Stourbridge

West Midlands

DY8 1LU

12 December 2025

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

124,671

181,473

Investments

6

20,050

-

144,721

181,473

CURRENT ASSETS

Stocks

296,381

192,499

Debtors

7

952,310

885,020

Cash at bank and in hand

213,074

491,751

1,461,765

1,569,270

CREDITORS

Amounts falling due within one year

8

1,366,548

1,336,671

NET CURRENT ASSETS

95,217

232,599

TOTAL ASSETS LESS CURRENT
LIABILITIES

239,938

414,072

CREDITORS

Amounts falling due after more than one
year

9

(60,782

)

(115,129

)

PROVISIONS FOR LIABILITIES

(1,106

)

(3,592

)

NET ASSETS

178,050

295,351

CAPITAL AND RESERVES

Called up share capital

45,000

Capital redemption reserve

22,500

Retained earnings

110,550

227,851

SHAREHOLDERS' FUNDS

178,050

295,351

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 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 12 December 2025 and were signed on its behalf by:

Mr N.G. Higgitt - Director

1.	STATUTORY INFORMATION

Lones (UK) 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.

Turnover

Turnover represents net sales of goods/services, excluding value added tax

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.

Patents and licences are being amortised evenly over their estimated useful life of four years.

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

-

20% on cost

Fixtures and fittings

-

33% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

25% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

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.

Taxation

Taxation for the period 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 20 (2024 - 23 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 February 2024

and 31 March 2025

14,667

AMORTISATION

At 1 February 2024

and 31 March 2025

14,667

NET BOOK VALUE

At 31 March 2025

-

At 31 January 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Long

Plant and

and

leasehold

machinery

fittings

£

COST

At 1 February 2024

6,942

64,541

205,540

Additions

-

3,285

At 31 March 2025

6,942

64,541

208,825

DEPRECIATION

At 1 February 2024

385

58,317

205,540

Charge for period

162

4,683

867

At 31 March 2025

547

63,000

206,407

NET BOOK VALUE

At 31 March 2025

6,395

1,541

2,418

At 31 January 2024

6,557

6,224

-

Motor

Computer

vehicles

equipment

Totals

£

COST

At 1 February 2024

47,500

138,930

463,453

Additions

-

3,285

At 31 March 2025

47,500

138,930

466,738

DEPRECIATION

At 1 February 2024

14,844

2,894

281,980

Charge for period

13,854

40,521

60,087

At 31 March 2025

28,698

43,415

342,067

NET BOOK VALUE

At 31 March 2025

18,802

95,515

124,671

At 31 January 2024

32,656

136,036

181,473

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

Additions

20,050

At 31 March 2025

20,050

NET BOOK VALUE

At 31 March 2025

20,050

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

586,618

465,633

Amounts owed by group undertakings

142,826

-

Other debtors

222,866

419,387

952,310

885,020

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

11,603

10,200

Hire purchase contracts

34,733

Trade creditors

949,691

740,836

Taxation and social security

108,056

378,598

Other creditors

262,465

172,304

1,366,548

1,336,671

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2025

2024

£

Bank loans

-

13,826

Hire purchase contracts

60,782

101,303

60,782

115,129

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 31 March 2025 and the year ended 31 January 2024:

2025

2024

£

Mr P.J. Hargreaves

Balance outstanding at start of period

7,000

Amounts repaid

(7,000

)

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of period

-

7,000

Mr N.G. Higgitt

Balance outstanding at start of period

7,000

Amounts repaid

(7,000

)

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of period

-

7,000

Mr G R Higgitt

Balance outstanding at start of period

-

10,000

Amounts repaid

-

(10,000

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of period

-