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Company Registration No. 08708320 (England and Wales)
LS Motors Ltd Unaudited accounts for the year ended 30 September 2025
LS Motors Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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LS Motors Ltd Company Information for the year ended 30 September 2025
Directors
L Sipkovska L Sipkovsky
Company Number
08708320 (England and Wales)
Registered Office
33 Alma Road Bordon GU35 0DH
Accountants
Switchfoot Accounting Limited 147 Frimley Road Camberley Surrey GU15 2PS
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LS Motors Ltd Statement of financial position as at 30 September 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
27,156
35,424
Current assets
Inventories
9,000
8,000
Debtors
5
8,181
7,152
17,181
15,152
Creditors: amounts falling due within one year
6
(26,272)
(35,049)
Net current liabilities
(9,091)
(19,897)
Total assets less current liabilities
18,065
15,527
Creditors: amounts falling due after more than one year
7
(17,640)
(24,961)
Net assets/(liabilities)
425
(9,434)
Capital and reserves
Called up share capital
2
2
Profit and loss account
423
(9,436)
Shareholders' funds
425
(9,434)
For the year ending 30 September 2025 the company was entitled to exemption from audit 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 directors acknowledge 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 16 April 2026 and were signed on its behalf by
L Sipkovska Director Company Registration No. 08708320
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LS Motors Ltd Notes to the Accounts for the year ended 30 September 2025
1
Statutory information
LS Motors Ltd is a private company, limited by shares, registered in England and Wales, registration number 08708320. The registered office is 33 Alma Road, Bordon, GU35 0DH.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value-added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% on cost
Motor vehicles
20% on cost
Computer equipment
33% on cost
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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LS Motors Ltd Notes to the Accounts for the year ended 30 September 2025
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 October 2024
24,890
38,840
1,448
65,178
At 30 September 2025
24,890
38,840
1,448
65,178
Depreciation
At 1 October 2024
22,189
6,122
1,443
29,754
Charge for the year
1,377
6,888
3
8,268
At 30 September 2025
23,566
13,010
1,446
38,022
Net book value
At 30 September 2025
1,324
25,830
2
27,156
At 30 September 2024
2,701
32,718
5
35,424
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
6,673
7,152
Accrued income and prepayments
1,508
-
8,181
7,152
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
8,739
8,668
VAT
3,854
4,286
Obligations under finance leases and hire purchase contracts
6,048
8,108
Taxes and social security
5,907
2,556
Other creditors
241
119
Loans from directors
1,483
11,312
26,272
35,049
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LS Motors Ltd Notes to the Accounts for the year ended 30 September 2025
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
-
3,333
Obligations under finance leases and hire purchase contracts
17,640
21,628
17,640
24,961
8
Average number of employees
During the year the average number of employees was 4 (2024: 3).
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