Company Registration No. 10423452 (England and Wales)
LVS AG Limited
Unaudited accounts
for the year ended 31 March 2026
LVS AG Limited
Unaudited accounts
Contents
LVS AG Limited
Company Information
for the year ended 31 March 2026
Directors
P J Barker
J W Marshall
S Marshall
Company Number
10423452 (England and Wales)
Registered Office
Aqua House
Lincoln Enterprise Park
Lincoln
Lincolnshire
LN5 9FP
United Kingdom
LVS AG Limited
Statement of financial position
as at 31 March 2026
Intangible assets
17,103
34,202
Tangible assets
34,467
30,685
Cash at bank and in hand
50,708
27,546
Creditors: amounts falling due within one year
(165,373)
(149,652)
Net current liabilities
(53,611)
(59,059)
Total assets less current liabilities
(2,041)
5,828
Creditors: amounts falling due after more than one year
-
(18,961)
Provisions for liabilities
Deferred tax
(5,103)
(3,987)
Net liabilities
(7,144)
(17,120)
Called up share capital
100
100
Profit and loss account
(7,244)
(17,220)
Shareholders' funds
(7,144)
(17,120)
For the year ending 31 March 2026 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 5 July 2026 and were signed on its behalf by
P J Barker
Director
Company Registration No. 10423452
LVS AG Limited
Notes to the Accounts
for the year ended 31 March 2026
LVS AG Limited is a private company, limited by shares, registered in England and Wales, registration number 10423452. The registered office is Aqua House, Lincoln Enterprise Park, Lincoln, Lincolnshire, LN5 9FP, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing balance
Motor vehicles
25% Reducing balance
Fixtures & fittings
25% Reducing balance
Computer equipment
33% Straight line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. They are amortised on a straight line basis over 10 years.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
LVS AG Limited
Notes to the Accounts
for the year ended 31 March 2026
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
The company operates a workplace pension scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Intangible fixed assets
Goodwill
Charge for the year
17,099
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2025
74,676
3,368
17,969
96,013
Additions
11,147
-
2,638
13,785
Disposals
(2,533)
-
-
(2,533)
At 31 March 2026
83,290
3,368
20,607
107,265
At 1 April 2025
47,079
2,827
15,422
65,328
Charge for the year
7,649
124
1,798
9,571
On disposals
(2,101)
-
-
(2,101)
At 31 March 2026
52,627
2,951
17,220
72,798
At 31 March 2026
30,663
417
3,387
34,467
At 31 March 2025
27,597
541
2,547
30,685
LVS AG Limited
Notes to the Accounts
for the year ended 31 March 2026
Amounts falling due within one year
Accrued income and prepayments
20,572
20,567
7
Creditors: amounts falling due within one year
2026
2025
Bank loans and overdrafts
17,548
24,380
Trade creditors
70,170
55,238
Taxes and social security
13,706
7,366
Other creditors
38,200
36,715
Loans from directors
4,185
9,147
8
Creditors: amounts falling due after more than one year
2026
2025
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
10
Average number of employees
During the year the average number of employees was 8 (2025: 8).