Lsk Hire Ltd

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

Registered number: 10490264

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		306,113		348,094

			306,113		348,094
CURRENT ASSETS
Stocks	5	4,500		6,512
Debtors	6	221,344		224,332
Cash at bank and in hand		13,980		672

		239,824		231,516
Creditors: Amounts Falling Due Within One Year	7	(351,680 )		(339,957 )

NET CURRENT ASSETS (LIABILITIES)			(111,856 )		(108,441 )

TOTAL ASSETS LESS CURRENT LIABILITIES			194,257		239,653

Creditors: Amounts Falling Due After More Than One Year	8		(27,426 )		(51,735 )

NET ASSETS			166,831		187,918

CAPITAL AND RESERVES
Called up share capital	10		100		100
Profit and Loss Account			166,731		187,818

SHAREHOLDERS' FUNDS			166,831		187,918

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Lsk Hire Ltd

Balance Sheet (continued)

As At 30 November 2025

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.

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

C Knott

Director

16/06/2026

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

1. General Information

Lsk Hire Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10490264 . The registered office is Office 2 Ashton Square Business Centre, 22 Ashton Square, Dunstable, Bedfordshire, LU6 3SN.

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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

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	25% on reducing balance
Motor Vehicles	25% on reducing balance
Fixtures & Fittings	25% on reducing balance

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.

2.5. 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.

2.6. Taxation

Income tax expense represents the sum of the tax currently payable.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Current tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 14 (2024: 17)

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Lsk Hire Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

4. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£	£
Cost
As at 1 December 2024	5,294	509,084	183,542	12,018	709,938
Additions	-	57,410	-	-	57,410

As at 30 November 2025	5,294	566,494	183,542	12,018	767,348

Depreciation
As at 1 December 2024	-	282,434	74,663	4,747	361,844
Provided during the period	5,294	65,059	27,220	1,818	99,391

As at 30 November 2025	5,294	347,493	101,883	6,565	461,235

Net Book Value
As at 30 November 2025	-	219,001	81,659	5,453	306,113

As at 1 December 2024	5,294	226,650	108,879	7,271	348,094

5. Stocks

	2025	2024
	£	£
Stock	4,500	6,512

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	184,100	201,805
Other debtors	37,244	22,527

	221,344	224,332

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	19,272	42,831
Trade creditors	63,193	24,509
Bank loans and overdrafts	25,000	66,164
Other creditors	35,583	40,754
Taxation and social security	208,632	165,699

	351,680	339,957

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Lsk Hire Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

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

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	4,144	23,453
Bank loans	23,282	28,282

	27,426	51,735

9. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	23,494	51,286
Later than one year and not later than five years	5,209	28,741

	28,703	80,027
Less: Finance charges allocated to future periods	5,287	13,743

	23,416	66,284

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

11. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 December 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 30 November 2025
	£	£	£	£	£
Mrs Clare Knott	(163 )	11,410	-	-	11,247
Mr Luke Knott	(412 )	21,174	9,764	-	10,998

The above loan is unsecured, interest free and repayable on demand.

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