Registration number: 07844877

Lumag Ltd

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 7

Lumag Ltd

Company Information

Director

Mr C D Smit

Registered office

Unit 10 Bullrush Business Park Bullrush Grove Doncaster South Yorkshire DN4 8SJ

Lumag Ltd

(Registration number: 07844877)
Balance Sheet as at 30 November 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	1,299	1,732
Current assets
Stocks		133,764	89,717
Debtors	5	285,375	283,168
Cash at bank and in hand		42,719	31,388
		461,858	404,273
Creditors: Amounts falling due within one year	6	(2,067,357)	(1,990,660)
Net current liabilities		(1,605,499)	(1,586,387)
Net liabilities		(1,604,200)	(1,584,655)
Capital and reserves
Called up share capital		50,000	50,000
Retained earnings		(1,654,200)	(1,634,655)
Shareholders' deficit		(1,604,200)	(1,584,655)

For the financial year ending 30 November 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 accounts for the year in question in accordance with section 476; and
•	The Director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 10 August 2026
 

......................................... Mr C D Smit Director

Lumag Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

1	General information

The Company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Unit 10
Bullrush Business Park
Bullrush Grove
Doncaster
South Yorkshire
DN4 8SJ

These financial statements were authorised for issue by the director on 10 August 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements have been prepared in sterling and are rounded to the nearest pound.

The financial statements cover the individual entity, Lumag Ltd.

Summary of disclosure exemptions

The company has taken advantage of exmeption, under the terms of 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.

Lumag Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

Going concern

The financial statements have been prepared on the going concern basis.

In assessing the appropriateness of the going concern basis, the directors have considered the company's financial position, cash flow forecasts and funding requirements for a period of at least twelve months from the date of approval of these financial statements.

The company is dependent upon the continued financial support of its immediate parent undertaking (Lumag Sp Z.o.o.) to enable it to meet its liabilities as they fall due and to continue trading. The parent company (Lumag Sp Z.o.o.) will continue to provide such financial support for a period of at least twelve months from the date of approval of these financial statements.

Having considered the financial resources available to the group and the continued support of the parent company, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing these financial statements.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	25% reducing balance

Stocks

Stock has been estimated at selling price less cost to sell.

Lumag Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the Company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the Company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the Company (including the Director) during the year, was 2 (2024 - 3).

Lumag Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

4	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 December 2024	14,480	14,480
At 30 November 2025	14,480	14,480
Depreciation
At 1 December 2024	12,748	12,748
Charge for the year	433	433
At 30 November 2025	13,181	13,181
Carrying amount
At 30 November 2025	1,299	1,299
At 30 November 2024	1,732	1,732

5

Debtors

Current	2025 £	2024 £
Trade debtors	283,108	282,630
Prepayments	2,256	538
Other debtors	11	-
	285,375	283,168

6

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Trade creditors		8,666	13,921
Amounts owed to group undertakings		2,020,637	1,929,195
Taxation and social security		29,376	31,694
Accruals and deferred income		2,947	1,144
Other creditors		5,731	14,706
		2,067,357	1,990,660

Lumag Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025