REGISTERED NUMBER: 04518467 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

FOR

LEMONGRASS KITCHENS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

S K Ellis

L T Pulham

L J Robinson

SECRETARY:

S K Ellis

REGISTERED OFFICE:

Unit 12, Radford Crescent

Billericay

Essex

CM12 0DU

REGISTERED NUMBER:

04518467 (England and Wales)

ACCOUNTANTS:

Crowe U.K. LLP

2nd Floor

Medway Bridge House

1-8 Fairmeadow

Maidstone

Kent

ME14 1JP

FIXED ASSETS

Tangible assets

4

64,247

107,306

CURRENT ASSETS

Stocks

50,452

50,098

Debtors

5

1,068,632

1,203,520

Cash at bank and in hand

687,328

843,899

1,806,412

2,097,517

CREDITORS

Amounts falling due within one year

6

1,138,278

1,200,459

NET CURRENT ASSETS

668,134

897,058

TOTAL ASSETS LESS CURRENT LIABILITIES

732,381

1,004,364

CREDITORS

Amounts falling due after more than one year

7

(1,667

)

(11,667

)

PROVISIONS FOR LIABILITIES

9

(9,105

)

(19,550

)

NET ASSETS

721,609

973,147

CAPITAL AND RESERVES

Called up share capital

7

7

Capital redemption reserve

3

3

Retained earnings

721,599

973,137

SHAREHOLDERS' FUNDS

721,609

973,147

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were authorised for issue, approved by the Board of Directors and authorised for issue on 20 August 2026 and were signed on its behalf by:

S K Ellis - Director

1.	STATUTORY INFORMATION

Lemongrass Kitchens Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue is recognised when legal title of good is transferred or work is completed to a predetermined level.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

20% on cost

Motor vehicles

-

33% on reducing balance and 20% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase 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 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 under operating leases are charged to the profit and loss account on a straight line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight line basis over the period until the date the rent is expected to be adjusted to the prevailing market rate.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern

Accounting standards require the directors to consider the appropriateness of the going concern basis when preparing the financial statements. The directors confirm that they consider that the going concern basis remains appropriate.The directors believe that the company has sufficient resources to continue in operational existence for the foreseeable future. The directors believe this to be the case as the company has cash reserves and positive net assets.

During the year, the company experienced a decrease in market demand following increases in the bank base rates. However, the directors continue to believe that the long-term outlook remains favourable due to government targets for housing, and the future order book remains healthy.

Thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements.

Debtors

Short term debtors are measured at transaction price, less any impairment.

Creditors

Short term creditors are measured at the transaction price.

Cash and equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more then 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known accounts of cash with no significant risk of change in value.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 30 (2024 - 35 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

Cost

At 1 September 2024

532,524

Disposals

(3,500

)

At 31 August 2025

529,024

Depreciation

At 1 September 2024

425,218

Charge for year

42,539

Eliminated on disposal

(2,980

)

At 31 August 2025

464,777

Net book value

At 31 August 2025

64,247

At 31 August 2024

107,306

At the year end, the net book values of hire purchase assets were as follows: plant and machinery £nil (2024: £20,000) and motor vehicles £nil (2024: £13,235).

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,044,262

1,175,874

Other debtors

24,370

27,646

1,068,632

1,203,520

The company utilises an invoice discounting facility to manage its cashflow. The balance owed at the year end date by the factoring company is £116 (2024: £328) and is secured on the relevant trade debtors of the company.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

10,000

10,000

Hire purchase contracts (see note 8)

-

20,111

Trade creditors

483,040

358,741

Taxation and social security

79,390

104,278

Other creditors

565,848

707,329

1,138,278

1,200,459

Liabilities in relation to hire purchases are secured on the assets to which they relate.

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

1,667

11,667

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2025

2024

£

£

Net obligations repayable:

Within one year

-

20,111

Non-cancellable

operating leases

2025

2024

£

£

Within one year

18,550

4,251

Between one and five years

35,969

708

54,519

4,959

9.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

9,105

19,550

Deferred

tax

£

Balance at 1 September 2024

19,550

Credit to Income Statement during year

(10,445

)

Balance at 31 August 2025

9,105

10.	PENSION COMMITMENTS

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. At the year date, the company owed £637 (2024: £623) to the fund.

11.

CHARGE

The fixed and floating charge registered at Companies House in favour of Lloyds TSB Commercial Finance Ltd has been satisfied post year-end.

12.	ULTIMATE CONTROLLING PARTY

At the balance sheet date, the controlling party was Lemongrass Holdings Limited.