REGISTERED NUMBER: 02651321 (England and Wales)

Financial Statements for the Year Ended 30 April 2025

for

Lerman Quaile Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G Potts

MI Parry - Yates

SECRETARY:

REGISTERED OFFICE:

1 Mortimer Street

Birkenhead

Merseyside

CH41 5EU

REGISTERED NUMBER:

02651321 (England and Wales)

ACCOUNTANTS:

Lerman Quaile

1 Mortimer Street

Birkenhead

Merseyside

CH41 5EU

FIXED ASSETS

Intangible assets

4

275,500

305,500

Tangible assets

5

-

-

275,500

305,500

CURRENT ASSETS

Stocks

110,611

102,170

Debtors

6

37,813

46,282

Cash at bank

54,338

90,670

202,762

239,122

CREDITORS

Amounts falling due within one year

7

156,917

157,670

NET CURRENT ASSETS

45,845

81,452

TOTAL ASSETS LESS CURRENT LIABILITIES

321,345

386,952

CREDITORS

Amounts falling due after more than one year

8

11,346

71,553

NET ASSETS

309,999

315,399

CAPITAL AND RESERVES

Called up share capital

1,002

1,002

Retained earnings

308,997

314,397

SHAREHOLDERS' FUNDS

309,999

315,399

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 15 January 2026 and were signed on its behalf by:

G Potts - Director

MI Parry - Yates - Director

1.	STATUTORY INFORMATION

Lerman Quaile 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2013, 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.

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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 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 that have originated but not reversed at the balance sheet 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.

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 year was 9 (2024 - 10 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

£

£

COST

At 1 May 2024

and 30 April 2025

635,500

24,000

659,500

AMORTISATION

At 1 May 2024

330,000

24,000

354,000

Charge for year

30,000

-

30,000

At 30 April 2025

360,000

24,000

384,000

NET BOOK VALUE

At 30 April 2025

275,500

-

275,500

At 30 April 2024

305,500

-

305,500

5.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 May 2024

53,701

Additions

698

At 30 April 2025

54,399

DEPRECIATION

At 1 May 2024

53,701

Charge for year

698

At 30 April 2025

54,399

NET BOOK VALUE

At 30 April 2025

-

At 30 April 2024

-

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Trade debtors

31,523

40,846

Other debtors

6,290

5,436

37,813

46,282

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Trade creditors

709

480

Taxation and social security

52,728

62,101

Other creditors

103,480

95,089

156,917

157,670

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.25

30.4.24

£

£

Bank loans

11,346

21,553

Other creditors

-

50,000

11,346

71,553

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

11,346

21,553