Lopham Vehicle Services Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 09403029

Lopham Vehicle Services Ltd

Unaudited financial statements

30 November 2025

Lopham Vehicle Services Ltd

Statement of financial position

30 November 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Tangible assets	5		121,341		114,865

Current assets

Stocks		2,980	17,660
Debtors	6	188,746	161,671
Cash at bank and in hand		23,054	20,989
		---------	---------
		214,780	200,320

Creditors: Amounts falling due within one year	7	( 156,450)		( 148,838)
		---------		---------
Net current assets			58,330		51,482
			---------		---------
Total assets less current liabilities			179,671		166,347

Provisions

Taxation including deferred tax	( 26,974)	( 26,864)
	---------	---------
Net assets	152,697	139,483
	---------	---------

Capital and reserves

Called up share capital	100	100
Profit and loss account	152,597	139,383
	---------	---------
Shareholders funds	152,697	139,483
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Lopham Vehicle Services Ltd

Statement of financial position (continued)

30 November 2025

These financial statements were approved by the board of directors and authorised for issue on 5 May 2026 , and are signed on behalf of the board by:

A C Taber

Director

Company registration number: 09403029

Lopham Vehicle Services Ltd

Notes to the financial statements

Year ended 30 November 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Poplar Farm High Common Road, North Lopham, Diss, England, IP22 2HP.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably. Revenue from the sale of services is recognised when the service has been satisfactorily provided, the amount can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Long leasehold property	-	10% straight line
Plant and machinery	-	10% reducing balance
Motor vehicles	-	20% reducing balance

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a financing transaction it is measured at transaction price where there are no stated interest or repayment terms, otherwise they are measured at amortised cost. Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of employees during the year was 7 (2024: 6 ).

5. Tangible assets

	Long leasehold property	Plant and machinery	Motor vehicles	Total
	£	£	£	£
Cost
At 1 December 2024	47,122	97,163	37,011	181,296
Additions	5,705	13,288	7,200	26,193
Disposals	–	–	( 5,318)	( 5,318)
	-------	---------	-------	---------
At 30 November 2025	52,827	110,451	38,893	202,171
	-------	---------	-------	---------
Depreciation
At 1 December 2024	15,854	44,317	6,260	66,431
Charge for the year	3,603	5,950	6,635	16,188
Disposals	–	–	( 1,789)	( 1,789)
	-------	---------	-------	---------
At 30 November 2025	19,457	50,267	11,106	80,830
	-------	---------	-------	---------
Carrying amount
At 30 November 2025	33,370	60,184	27,787	121,341
	-------	---------	-------	---------
At 30 November 2024	31,268	52,846	30,751	114,865
	-------	---------	-------	---------

6. Debtors

	2025	2024
	£	£
Trade debtors	3,847	6,137
Amounts owed by group undertakings	180,615	151,523
Other debtors	4,284	4,011
	---------	---------
	188,746	161,671
	---------	---------

7. Creditors: Amounts falling due within one year

	2025	2024
	£	£
Trade creditors	18,184	18,847
Amounts owed to group undertakings	122,367	117,367
Social security and other taxes	13,515	10,333
Other creditors	2,384	2,291
	---------	---------
	156,450	148,838
	---------	---------

8. Contingencies

An unlimited cross guarantee has been given by this company, L.R. Wyard-Scott Limited and Taber Holdings Limited. The potential liability amounts to £441,496.

9. Related party transactions

At the reporting date, the Company had an outstanding loan balance of £180,615 due from a related party by virtue of common control. The loan is interest-free, unsecured, and repayable on demand. At the reporting date, the Company had an outstanding loan balance of £122,367 due to a related party by virtue of common control. The loan is interest-free, unsecured, and repayable on demand.