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LONDON SYSTEMS UK LIMITED

Registered Number
06580086
(England and Wales)

Unaudited Financial Statements for the Year ended
31 May 2025

LONDON SYSTEMS UK LIMITED
Company Information
for the year from 1 June 2024 to 31 May 2025

Director | Scott Boucher

Company Secretary | Jonathan Boucher

Registered Address | Unit 4 The Flag Store
| 23 Queen Elizabeth Street
| London
| SE1 2LP

Registered Number | 06580086 (England and Wales)

LONDON SYSTEMS UK LIMITED
Balance Sheet as at
31 May 2025

| Notes | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £ |  | £ |  | £
Fixed assets |  |  |  |  |  |  |  |
Tangible assets | 3 |  |  | 440,416 |  |  |  | 430,641
|  |  |  | 440,416 |  |  |  | 430,641
Current assets |  |  |  |  |  |  |  |
Debtors | 5 | 256,428 |  |  |  | 199,125 |  |
Cash at bank and on hand |  | 428,329 |  |  |  | 318,110 |  |
|  | 684,757 |  |  |  | 517,235 |  |
Creditors amounts falling due within one year | 6 | (517,865) |  |  |  | (296,898) |  |
Net current assets (liabilities) |  |  |  | 166,892 |  |  |  | 220,337
Total assets less current liabilities |  |  |  | 607,308 |  |  |  | 650,978
Creditors amounts falling due after one year |  |  |  | (257,477) |  |  |  | (314,165)
Provisions for liabilities |  |  |  | (40,507) |  |  |  | (46,435)
Net assets |  |  |  | 309,324 |  |  |  | 290,378
Capital and reserves |  |  |  |  |  |  |  |
Called up share capital |  |  |  | 1,000 |  |  |  | 1,000
Revaluation reserve |  |  |  | 59,500 |  |  |  | 59,500
Profit and loss account |  |  |  | 248,824 |  |  |  | 229,878
Shareholders' funds |  |  |  | 309,324 |  |  |  | 290,378

- The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
- The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
- The Director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
- These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
- The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.
- The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Director on 12 March 2026, and are signed on its behalf by:
Scott Boucher Director Registered Company No. 06580086

LONDON SYSTEMS UK LIMITED
Notes to the Financial Statements
for the year ended 31 May 2025

1. | Accounting policies
--- | ---

| Statutory information
--- | ---
| The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

| Statement of compliance
--- | ---
| The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

| Turnover policy
--- | ---
| 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 sale of goods and from the rendering of services.

| Revenue from sale of goods
--- | ---
| Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services 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.

| Employee benefits
--- | ---
| Contributions to defined contribution plans are expensed in the period to which they relate.

| Foreign currency translation
--- | ---
| Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

| Deferred tax
--- | ---
| 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.

| Tangible fixed assets and depreciation
--- | ---
| Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

|  | Reducing balance (%) |  | Straight line (years)
| Land and buildings | - |  | 10
| Fixtures and fittings | 33 |  | 5
| Office Equipment | 33 |  | 5

| Finance leases and hire purchase contracts
--- | ---
| Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.

| Financial instruments
--- | ---
| The company has elected to apply the provision of Section 11 'Basic Financial Instruments' of FRS 102 to all of its financial instruments. Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

2. | Average number of employees
--- | ---

|  | 2025 |  | 2024
| Average number of employees during the year | 13 |  | 13

3. | Tangible fixed assets
--- | ---

|  | Total
--- | --- | ---
|  | £
| Cost or valuation
| At 01 June 24 | 1,898,225
| Additions | 173,726
| At 31 May 25 | 2,071,951
| Depreciation and impairment
| At 01 June 24 | 1,467,583
| Charge for year | 163,952
| At 31 May 25 | 1,631,535
| Net book value
| At 31 May 25 | 440,416
| At 31 May 24 | 430,641

4. | Impairment of tangible fixed assets
--- | ---
| At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

5. | Debtors: amounts due within one year
--- | ---

|  | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £
| Trade debtors / trade receivables | 135,138 |  | 79,742
| Amounts owed by group undertakings | - |  | 471
| Amounts owed by associates and joint ventures / participating interests | 30,951 |  | -
| Other debtors | 15,938 |  | 24,596
| Prepayments and accrued income | 74,401 |  | 94,316
| Total | 256,428 |  | 199,125

| Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

6. | Creditors: amounts due within one year
--- | ---

|  | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £
| Trade creditors / trade payables | 414,952 |  | 259,224
| Bank borrowings and overdrafts | 21,704 |  | -
| Amounts owed to related parties | 1,775 |  | 6,415
| Taxation and social security | 26,950 |  | 13,713
| Accrued liabilities and deferred income | 52,484 |  | 17,546
| Total | 517,865 |  | 296,898

| Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

7. | Obligations under finance leases
--- | ---

|  | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £
| Finance lease and HP contracts | 21,683 |  | 36,975