LGS Motors ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 09330793

		2025		2024 as restated
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		89,840		61,821

			89,840		61,821
CURRENT ASSETS
Stocks	5	69,500		42,500
Debtors	6	11,960		8,250
Cash at bank and in hand		6,437		31,784

		87,897		82,534
Creditors: Amounts Falling Due Within One Year	7	(139,640 )		(122,748 )

NET CURRENT ASSETS (LIABILITIES)			(51,743 )		(40,214 )

TOTAL ASSETS LESS CURRENT LIABILITIES			38,097		21,607

NET ASSETS			38,097		21,607

CAPITAL AND RESERVES
Called up share capital	8		100		100
Profit and Loss Account			37,997		21,507

SHAREHOLDERS' FUNDS			38,097		21,607

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LGS Motors ltd

Balance Sheet (continued)

As At 30 November 2025

For the 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.

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 Liviu Adrian Ivaniuc

Director

17/08/2026

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

LGS Motors ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09330793 . The registered office is Unit 2 First Way, Wembley, Middlesex, HA9 0JD.

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	20%
Motor Vehicles	15%

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 3 (2024: 3)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Total
	£	£	£
Cost
As at 1 December 2024	92,358	6,458	98,816
Additions	50,135	-	50,135

As at 30 November 2025	142,493	6,458	148,951

...CONTINUED

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LGS Motors ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

Depreciation
As at 1 December 2024	36,026	969	36,995
Provided during the period	21,293	823	22,116

As at 30 November 2025	57,319	1,792	59,111

Net Book Value
As at 30 November 2025	85,174	4,666	89,840

As at 1 December 2024	56,332	5,489	61,821

5. Stocks

	2025	2024 as restated
	£	£
Materials	69,500	42,500

6. Debtors

	2025	2024 as restated
	£	£
Due after more than one year
Other debtors	11,960	8,250

7. Creditors: Amounts Falling Due Within One Year

	2025	2024 as restated
	£	£
Trade creditors	19,981	22,952
Bank loans and overdrafts	2,825	11,777
Other taxes and social security	3,464	1,037
Other creditors	113,370	86,982

	139,640	122,748

8. Share Capital

	2025	2024 as restated
	£	£
Allotted, Called up and fully paid	100	100

9. Dividends

	2025	2024 as restated
	£	£
On equity shares:
Final dividend paid	15,000	-

Paid Final Dividend to Shareholder GBP 15000

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