Registration number: 07815544

LRI Solutions Ltd

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 7

LRI Solutions Ltd

Company Information

 

Director

S W Leadbeter

 

Registered office

Unit X Rye Wharf Harbour Road Rye East Sussex TN31 7TE

LRI Solutions Ltd

(Registration number: 07815544)
Balance Sheet as at 30 September 2025

	Note	2025 £	2024 £
Tangible assets	4	49,160	60,896
Current assets
Stocks		281,572	268,761
Debtors	5	1,034,402	940,476
Cash at bank and in hand		96,600	133,412
		1,412,574	1,342,649
Creditors: Amounts falling due within one year	8	(314,310)	(287,590)
Net current assets		1,098,264	1,055,059
Total assets less current liabilities		1,147,424	1,115,955
Creditors: Amounts falling due after more than one year	8	-	(91,667)
Provisions for liabilities		(35,239)	(37,097)
Net assets		1,112,185	987,191
Capital and reserves
Called up share capital		100	100
Retained earnings		1,112,085	987,091
Shareholders' funds		1,112,185	987,191

 

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

For the financial 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.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Approved and authorised by the director on 5 June 2026

S W Leadbeter Director

LRI Solutions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.
 

 

The address of its registered office is:
Unit X
Rye Wharf
Harbour Road
Rye
East Sussex
TN31 7TE

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The preparation of financial statements requires the use of certain critical accounting estimates. It also requires directors to exercise judgement in applying accounting policies.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue is from the sale of goods which is recognised when goods are delivered and legal title has passed.

Tax

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

LRI Solutions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025 (continued)

2	Accounting policies (continued)

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. The short leasehold land and buildings cost represents the present value obligation of restoring the leasehold property to its original position come end of the lease.

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Short leasehold land and buildings	Over the term of the lease
Fixtures and fittings	15% on reducing balance
Plant and machinery	15% on reducing balance
Motor vehicles	25% on reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for goods sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

LRI Solutions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025 (continued)

2	Accounting policies (continued)

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Loans are initially measured at fair value net of their transaction costs. They are subsequently measured at amortised cost using the effective interest method.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 14 (2024 - 13).

4	Tangible assets

	Short leasehold land and buildings £	Fixtures and fittings £	Plant and machinery £	Motor vehicles  £	Total £
Cost or valuation
At 1 October 2024	25,000	57,219	47,579	13,800	143,598
At 30 September 2025	25,000	57,219	47,579	13,800	143,598
Depreciation
At 1 October 2024	22,222	33,048	16,037	11,395	82,702
Charge for the year	2,778	3,626	4,731	601	11,736
At 30 September 2025	25,000	36,674	20,768	11,996	94,438
Carrying amount
At 30 September 2025	-	20,545	26,811	1,804	49,160
At 30 September 2024	2,778	24,171	31,542	2,405	60,896