Lauren Richards Design Ltd

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

Registered number: 04027237

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		23,165		29,997

			23,165		29,997
CURRENT ASSETS
Debtors	5	1,242,821		1,466,477
Cash at bank and in hand		513,787		280,819

		1,756,608		1,747,296
Creditors: Amounts Falling Due Within One Year	6	(1,234,791 )		(1,075,245 )

NET CURRENT ASSETS (LIABILITIES)			521,817		672,051

TOTAL ASSETS LESS CURRENT LIABILITIES			544,982		702,048

NET ASSETS			544,982		702,048

CAPITAL AND RESERVES
Called up share capital	7		58		58
Capital redemption reserve			48		48
Profit and Loss Account			544,876		701,942

SHAREHOLDERS' FUNDS			544,982		702,048

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Lauren Richards Design Ltd

Balance Sheet (continued)

As At 31 December 2025

For the year ending 31 December 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

Mr R M Cooke

Director

2 July 2026

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

1. General Information

Lauren Richards Design Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 04027237 . The registered office is 550 Valley Road, Nottingham , NG5 1JJ.

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% on reducing balance
Fixtures & Fittings	25% on reducing balance
Computer Equipment	Straight line over 3 years

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

2.4. Financial Instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provision of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is no a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest

for a similar debt instrument.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extend that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

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Lauren Richards Design Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.5. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.6. Taxation

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

The tax currently payable is based on taxable profit for the year. 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.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors.

2.7. Pensions

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 16 (2024: 16)

4. Tangible Assets

	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 January 2025	65,080	53,265	123,797	242,142
Additions	-	-	3,697	3,697
Disposals	(16,637 )	-	-	(16,637 )

As at 31 December 2025	48,443	53,265	127,494	229,202

Depreciation
As at 1 January 2025	40,565	48,806	122,774	212,145
Provided during the period	5,816	1,115	2,037	8,968
Disposals	(15,076 )	-	-	(15,076 )

As at 31 December 2025	31,305	49,921	124,811	206,037

Net Book Value
As at 31 December 2025	17,138	3,344	2,683	23,165

As at 1 January 2025	24,515	4,459	1,023	29,997

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Lauren Richards Design Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	1,097,992	1,284,716
Amounts owed by group undertakings	1,292	1,292
Other debtors	141,974	177,706

	1,241,258	1,463,714
Due after more than one year
Other debtors	1,563	2,763

	1,242,821	1,466,477

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	1,188,126	1,035,453
Other creditors	40,425	29,833
Taxation and social security	6,240	9,959

	1,234,791	1,075,245

7. Share Capital

	2025	2024
Allotted, called up and fully paid	£	£
56 Ordinary A shares of £ 1.00 each	56	56
2 Ordinary C shares of £ 1.00 each	2	2

	58	58

8. Related Party Transactions

During the year, the directors had directors loan accounts as follows:

Directors loan creditor - £11,163 (2024 - £8,483);

Directors loan debtor - £Nil (2024 - £1,333).

During the year, the shareholders that were not directors had loan accounts as follows:

Shareholders loan debtor - £44,593 (2024 - £49,520).

The above are included in other creditors and other debtors respectively and are repayable on demand.

The transactions on the loan accounts in the year related to various items of private expenditure incurred by the company, together with business expenses paid privately.

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