Lexhag Limited - Filleted accounts

Company registration number	06858771

















Lexhag Limited

Unaudited Financial Statements

for the year ended 31 March 2025






























Cavendish Bond
Chartered Accountants
Bentinck House
3 - 8 Bolsover Street
London
W1W 6AB

Lexhag Limited
Financial statements for the year ended 31 March 2025

Chartered Accountants' report to the board of directors on the preparation of the unaudited financial statements of Lexhag Limited for the year ended 31 March 2025

In order to assist you to fulfil your duties under the Companies Act 2006 we have prepared for your approval the financial statements of Lexhag Limited for the year ended 31 March 2025, which comprise the Profit and Loss Account, the Balance Sheet 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 we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-standards-and-guidance.
This report is made solely to the Board of Directors of Lexhag Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Lexhag Limited and state those matters that we have agreed to state to the Board of Directors of Lexhag Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Lexhag Limited and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that Lexhag Limited has kept adequate accounting records and to prepare financial statements that give a true and fair view of the assets, liabilities, financial position and profit or loss of Lexhag Limited. You consider that Lexhag Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Lexhag 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 financial statements.

Cavendish Bond
Chartered Accountants
Bentinck House
3 - 8 Bolsover Street
London
W1W 6AB

31 December 2025

Lexhag Limited
Financial statements for the year ended 31 March 2025

Balance Sheet

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		3,754			2,160

Current assets
Debtors	4	97,409			78,188
Cash at bank and in hand		35,993			30,101
		133,402			108,289

Creditors: amounts falling due within one year	5	(210,830)			(179,511)

Net current liabilities			(77,428)			(71,222)

Total assets less current liabilities			(73,674)			(69,062)

Creditors: amounts falling due after more than one year	6		(24,647)			(30,561)

Provisions for liabilities			-			(540)

Net liabilities			(98,321)			(100,163)

Capital and reserves
Called up share capital			100			100
Profit and loss account			(98,421)			(100,263)

Shareholder's funds			(98,321)			(100,163)

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The financial statements have been prepared in accordance with the special provisions for small companies within Part 15 of the Companies Act 2006. The company's profit and loss account for the year has not been delivered to the Registrar of Companies.
These financial statements were approved by the board on 31 December 2025 and are signed on its behalf by



A Haggar
Director

Company registration number 06858771

Lexhag Limited
Financial statements for the year ended 31 March 2025

Notes to the Financial Statements


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland, as applicable to companies subject to the small entities regime.

	Going concern
	The director has reviewed the company's anticipated future cash requirements and expects the company to have sufficient resources to be able to continue in operational existence for the foreseeable future. These financial statements have therefore been prepared on a going concern basis.

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services and 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
	Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Equipment	over 3 years

	Debtors
	Short term debtors are measured at transaction price less any provision for bad and doubtful debts. Loans and other financial assets are initially recognised at fair value, taking account of any transaction costs, and are subsequently measured at amortised cost using the effective interest method, less any impairment losses.

	Creditors
	Short term creditors are measured at the transaction price. Loans and other financial liabilities are initially recognised at fair value, taking account of any transaction costs, and are subsequently measured at amortised cost using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Financial instruments
	Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument those financial instruments are classified as financial liabilities and are presented as such in the balance sheet. Where the contractual terms of financial instruments do not meet the definition of a financial liability those financial instruments are classified as equity instruments. Dividends and other distributions relating to equity instruments are debited directly to equity.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees		2025		2024
Number				Number

	Average number of persons employed by the company		5		6


3	Tangible fixed assets
					Equipment
£
	Cost
	At 1 April 2024				105,728
	Additions				5,633
	Disposals				(46,033)
	At 31 March 2025				65,328

	Depreciation
	At 1 April 2024				103,568
	Charge for the year				3,709
	On disposals				(45,703)
	At 31 March 2025				61,574

	Net book value
	At 31 March 2025				3,754
	At 31 March 2024				2,160


4	Debtors		2025		2024
£				£

	Trade debtors		5,221		-
	Other debtors		92,188		78,188
			97,409		78,188


5	Creditors: amounts falling due within one year		2025		2024
£				£

	Bank loans and overdrafts		5,915		20,170
	Trade creditors		10,124		29,617
	Taxes and social security costs		172,992		109,076
	Other creditors		21,799		20,648
			210,830		179,511


6	Creditors: amounts falling due after one year		2025		2024
£				£

	Bank loans		24,647		30,561

	Bank loans due after more than one year include £986 (2024: £6,901) payable by instalments falling due more than five years after the balance sheet date.


7	Other financial commitments		2025		2024
£				£

	Total future minimum payments under non-cancellable operating leases		2,370		-


8	Related party transactions

	At the balance sheet date the company was owed £408 (2024: £nil) by its director. This balance has been repaid.


9	Other information

	Lexhag Limited is a private company limited by shares and incorporated in England. Its registered office is:

	C/O Cavendish Bond
	Bentinck House
	3 - 8 Bolsover Street
	London
	W1W 6AB