LKMAC Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 07597466

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		15,990		21,320

			15,990		21,320
CURRENT ASSETS
Stocks	5	2,550		3,202
Debtors	6	19,209		14,310
Cash at bank and in hand		-		2,685

		21,759		20,197
Creditors: Amounts Falling Due Within One Year	7	(74,327 )		(63,275 )

NET CURRENT ASSETS (LIABILITIES)			(52,568 )		(43,078 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(36,578 )		(21,758 )

Creditors: Amounts Falling Due After More Than One Year	8		(25,899 )		(29,023 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(187 )		(187 )

NET LIABILITIES			(62,664 )		(50,968 )

CAPITAL AND RESERVES
Called up share capital	9		10		10
Profit and Loss Account			(62,674 )		(50,978 )

SHAREHOLDERS' FUNDS			(62,664)		(50,968)

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LKMAC Ltd

Balance Sheet (continued)

As At 30 September 2025

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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Stuart McCormack

Director

21/04/2026

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

LKMAC Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07597466 . The registered office is 22 North Street, Okehampton, Devon, EX20 1AR.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. 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 sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	20% Reducing Balance
Motor Vehicles	20% Reducing Balance
Fixtures & Fittings	20% Reducing Balance

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 2)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£
Cost
As at 1 October 2024	10,580	22,249	-	32,829

As at 30 September 2025	10,580	22,249	-	32,829

Depreciation
As at 1 October 2024	7,060	4,449	-	11,509
Provided during the period	-	4,450	880	5,330

As at 30 September 2025	7,060	8,899	880	16,839

...CONTINUED

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LKMAC Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2025

Net Book Value
As at 30 September 2025	3,520	13,350	(880 )	15,990

As at 1 October 2024	3,520	17,800	-	21,320

5. Stocks

	2025	2024
	£	£
Stock	2,550	3,202

6. Debtors

	2025	2024
	£	£
Due within one year
Other debtors	19,209	14,310

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	532	533
Bank loans and overdrafts	3,062	-
Other creditors	69,752	62,742
Taxation and social security	981	-

	74,327	63,275

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	3,786	6,910
Other creditors	22,113	22,113

	25,899	29,023

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	10	10

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