REGISTERED NUMBER: 11275182 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Lmg Mechanical Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

Mr A McGinty

REGISTERED OFFICE:

10 The Handbridge

Fulwood

Preston

Lancashire

PR2 8LE

REGISTERED NUMBER:

11275182 (England and Wales)

ACCOUNTANTS:

McDade Roberts Accountants Limited

Chartered Accountants

316 Blackpool Road

Fulwood

Preston

Lancashire

PR2 3AE

CURRENT ASSETS

Stocks

1,000

1,000

Debtors

5

81,740

32,247

Cash at bank

910

16,569

83,650

49,816

CREDITORS

Amounts falling due within one year

6

110,329

82,250

NET CURRENT LIABILITIES

(26,679

)

(32,434

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(26,679

)

(32,434

)

CREDITORS

Amounts falling due after more than one year

7

7,398

17,734

NET LIABILITIES

(34,077

)

(50,168

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(34,079

)

(50,170

)

SHAREHOLDERS' FUNDS

(34,077

)

(50,168

)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 December 2025 and were signed by:

Mr A McGinty - Director

1.	STATUTORY INFORMATION

Lmg Mechanical 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 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.

Computer equipment

-

33% on cost

Stocks

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 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.

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.

Going concern

These accounts have been prepared on a going concern basis, as despite the company showing an insolvent balance sheet, the director believes that the company will continue to trade for the foreseeable future.The director will continue to monitor and assess the ongoing effects and respond accordingly and as such the accounts have been prepared on a going concern basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 April 2024

and 31 March 2025

355

DEPRECIATION

At 1 April 2024

and 31 March 2025

355

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

81,629

32,140

Prepayments

111

107

81,740

32,247

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

10,321

10,954

Trade creditors

35,164

16,414

Tax

3,425

-

Social security and other taxes

(7,892

)

580

VAT

29,311

14,189

Other creditors

22,122

22,325

Director Wages Payable

241

220

Wages Payable

787

840

Directors' loan accounts

15,350

15,228

Accrued expenses

1,500

1,500

110,329

82,250

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans - 1-2 years

7,398

10,321

Bank loans - 2-5 years

-

7,413

7,398

17,734

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Bank loans

17,719

28,688

The UK Government have provided a 100% guarantee on the Bounce Back Loan Scheme (BBLS), borrowings obtained from National Lloyds Bank PLC.