COMPANY REGISTRATION NUMBER:
14280956
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Filleted Unaudited Abridged Financial Statements |
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|
Abridged Financial Statements |
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Year Ended 31 October 2025
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Abridged statement of financial position |
1 |
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Notes to the abridged financial statements |
2 |
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Abridged Statement of Financial Position |
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31 October 2025
Current Assets
|
Debtors |
200,423 |
|
150,423 |
|
Cash at bank and in hand |
22,343 |
|
43,540 |
|
--------- |
|
--------- |
|
222,766 |
|
193,963 |
|
--------- |
|
--------- |
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Net Current Assets |
|
222,766 |
193,963 |
|
|
--------- |
--------- |
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Total Assets Less Current Liabilities |
|
222,766 |
193,963 |
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|
--------- |
--------- |
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|
|
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Capital and Reserves
|
Called up share capital |
5 |
|
3 |
3 |
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Profit and loss account |
|
222,763 |
193,960 |
|
|
--------- |
--------- |
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Shareholders Funds |
|
222,766 |
193,963 |
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|
--------- |
--------- |
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These abridged 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 abridged statement of income and retained earnings has not been delivered.
For the year ending 31 October 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 abridged financial statements for the year in question in accordance with section 476
;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements
.
All of the members have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 31 October 2025 in accordance with Section 444(2A) of the Companies Act 2006.
These abridged financial statements were approved by the
board of directors
and authorised for issue on
22 July 2026
, and are signed on behalf of the board by:
Company registration number:
14280956
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Notes to the Abridged Financial Statements |
|
Year Ended 31 October 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 Export Drive, Huthwaite, Sutton-in-Ashfield, NG17 6AF.
2.
Statement of compliance
These abridged 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. The financial statements are prepared in sterling, which is the functional currency of the entity. All of the members have consented to the preparation of abridged accounts in accordance with Section 444(2A) of the Companies Act 2006.
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.
Income tax
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.
Financial instruments
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.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
1
(2024:
1
).
5.
Called up share capital
Issued, called up and fully paid
|
2025 |
2024 |
|
No. |
£ |
No. |
£ |
|
Ordinary shares of £ 1 each |
3 |
3 |
3 |
3 |
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---- |
---- |
---- |
---- |
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6.
Director's advances, credits and guarantees
At the year end Alex Lymer has an overdrawn directors loan account of £423. This will be repaid within 9 months.
7.
Related party transactions
The company has taken advantage of exemption conferred by FRS 102 S33.1A, removing the requirement to disclose transactions between group companies. Lymers' Group Ltd is the beneficial owner of 100% of the ordinary share capital of Lymers Assist Ltd and Lymer's Property Rentals Ltd. During the year the company provided a loan to related parties. The balance as at 31 October 2025 was £200,000 (2024: £150,000). The loans are unsecured, interest free and repayable on demand.