LGC Commercial Vehicles Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 01400323

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		2,012		1,585

			2,012		1,585
CURRENT ASSETS
Debtors	5	48,942		35,931
Cash at bank and in hand		22,077		4,157

		71,019		40,088
Creditors: Amounts Falling Due Within One Year	6	(215,277 )		(131,858 )

NET CURRENT ASSETS (LIABILITIES)			(144,258 )		(91,770 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(142,246 )		(90,185 )

NET LIABILITIES			(142,246 )		(90,185 )

CAPITAL AND RESERVES
Called up share capital	8		5,000		5,000
Profit and Loss Account			(147,246 )		(95,185 )

SHAREHOLDERS' FUNDS			(142,246)		(90,185)

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LGC Commercial Vehicles Limited

Balance Sheet (continued)

As At 31 July 2025

For the year ending 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges her 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

Mrs Donna Newman

Director

28/04/2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

LGC Commercial Vehicles Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01400323 . The registered office is 1 & 2 Studley Court Mews, Studley Court, Guildford Road, Chobham, GU24 8EB.

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:

Motor Vehicles	25% Reducing balance method
Computer Equipment	25% Reducing balance method

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2024: 1)

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LGC Commercial Vehicles Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2025

4. Tangible Assets

	Computer Equipment
	£
Cost
As at 1 August 2024	3,279
Additions	1,098

As at 31 July 2025	4,377

Depreciation
As at 1 August 2024	1,694
Provided during the period	671

As at 31 July 2025	2,365

Net Book Value
As at 31 July 2025	2,012

As at 1 August 2024	1,585

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	41,941	34,694
Other debtors	7,001	1,237

	48,942	35,931

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	91,119	28,997
Bank loans and overdrafts	-	1,531
Other creditors	122,589	99,783
Taxation and social security	1,569	1,547

	215,277	131,858

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	5,000	5,000

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LGC Commercial Vehicles Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2025

9. Reserves

	Profit and Loss Account
	£
As at 1 August 2024	(95,185 )
Loss for the year and total comprehensive income	(52,061 )

As at 31 July 2025	(147,246 )

10. Related Party Transactions

At the end of the year, the Company owed an amount of £98,127 (2024 : £78,399) to its Director.

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