Lms Contracts And Maintenance Ltd

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

Registered number: 12525144

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		60,951		54,202

			60,951		54,202
CURRENT ASSETS
Debtors	5	44,007		106,417
Cash at bank and in hand		1,504		2,674

		45,511		109,091
Creditors: Amounts Falling Due Within One Year	6	(66,381 )		(71,531 )

NET CURRENT ASSETS (LIABILITIES)			(20,870 )		37,560

TOTAL ASSETS LESS CURRENT LIABILITIES			40,081		91,762

Creditors: Amounts Falling Due After More Than One Year	7		(19,540 )		(12,051 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(11,581 )		(10,298 )

NET ASSETS			8,960		69,413

CAPITAL AND RESERVES
Called up share capital	9		101		101
Profit and Loss Account			8,859		69,312

SHAREHOLDERS' FUNDS			8,960		69,413

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Lms Contracts And Maintenance Ltd

Balance Sheet (continued)

As At 31 March 2026

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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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 L M Smith

Director

24 July 2026

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

1. General Information

Lms Contracts And Maintenance Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12525144 . The registered office is 550 Valley Rd, Basford, 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:

Plant & Machinery	10% reducing balance
Motor Vehicles	25% reducing balance
Computer Equipment	25% 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. 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.

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Lms Contracts And Maintenance Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2025: 1)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 April 2025	28,501	54,909	373	83,783
Additions	-	23,500	-	23,500

As at 31 March 2026	28,501	78,409	373	107,283

Depreciation
As at 1 April 2025	10,673	18,761	147	29,581
Provided during the period	1,782	14,912	57	16,751

As at 31 March 2026	12,455	33,673	204	46,332

Net Book Value
As at 31 March 2026	16,046	44,736	169	60,951

As at 1 April 2025	17,828	36,148	226	54,202

5. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	27,336	73,760
Other debtors	-	10,884
VAT	15,891	21,773
Amounts owed by group undertakings	780	-

	44,007	106,417

6. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	9,713	7,077
Trade creditors	5,959	34,692
Bank loans and overdrafts	35,441	-
Corporation tax	2,328	18,895
Other taxes and social security	6,021	479
Deposits and advances	-	10,000
Credit card	6,919	388

	66,381	71,531

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Lms Contracts And Maintenance Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

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

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	19,540	12,051

8. Obligations Under Finance Leases and Hire Purchase

	2026	2025
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	9,713	7,077
Later than one year and not later than five years	19,540	12,051

	29,253	19,128

	29,253	19,128

9. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	101	101

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