Registration number: 09124950

L C Andrews Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 9

L C Andrews Limited

Company Information

Director

Mr Lee Colston Andrews

Registered office

Silver Rose Unit 21 East Lodge Village East Lodge Lane Enfield England EN2 8AS

Accountants

Paul Winston Limited Chartered AccountantsSilver Rose Unit 21 East Lodge Village East Lodge Lane Enfield EN2 8AS

L C Andrews Limited

(Registration number: 09124950)
Balance Sheet as at 31 May 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	1,663,845	1,216,113
Other financial assets		354,912	339,762
		2,018,757	1,555,875
Current assets
Debtors	5	9,108	400
Cash at bank and in hand		366,190	707,198
		375,298	707,598
Creditors: Amounts falling due within one year	6	743,833	(135,240)
Net current assets		1,119,131	572,358
Total assets less current liabilities		3,137,888	2,128,233
Creditors: Amounts falling due after more than one year	6	(552,206)	(552,206)
Net assets		2,585,682	1,576,027
Capital and reserves
Called up share capital	7	100	100
Retained earnings		2,585,582	1,575,927
Shareholders' funds		2,585,682	1,576,027

For the financial year ending 31 May 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.

L C Andrews Limited

(Registration number: 09124950)
Balance Sheet as at 31 May 2025

Approved and authorised by the director on 3 September 2026
 

......................................... Mr Lee Colston Andrews Director

L C Andrews Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

1	General information

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

The address of its registered office is:
Silver Rose Unit 21 East Lodge Village
East Lodge Lane
Enfield
EN2 8AS
England

These financial statements were authorised for issue by the director on 3 September 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.

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.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet 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
Land and property	Held at market value
Motor vehicles	25% net book value

L C Andrews Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2024 - 0).

L C Andrews Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

4	Tangible assets

	Land and buildings £	Motor vehicles  £	Total £
Cost or valuation
At 1 June 2024	1,215,034	13,000	1,228,034
Additions	447,732	-	447,732
At 31 May 2025	1,662,766	13,000	1,675,766
Depreciation
At 1 June 2024	-	11,921	11,921
At 31 May 2025	-	11,921	11,921
Carrying amount
At 31 May 2025	1,662,766	1,079	1,663,845
At 31 May 2024	1,215,034	1,079	1,216,113

Included within the net book value of land and buildings above is £1,464,820 (2024 - £1,017,088) in respect of freehold land and buildings and £197,946 (2024 - £197,946) in respect of long leasehold land and buildings.
 

5

Debtors

Current	2025 £	2024 £
Prepayments	400	400
Other debtors	8,708	-
	9,108	400

L C Andrews Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

6

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	8	(2,792)	306
Taxation and social security		-	42
Other creditors		(741,041)	134,892
		(743,833)	135,240

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	8	552,206	552,206

7	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary L of £1 each	99	99	99	99
Ordinary P of £1 each	1	1	1	1
	100	100	100	100

8	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	552,206	552,206

Current loans and borrowings

	2025 £	2024 £
Other borrowings	(2,792)	306

L C Andrews Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

9

Dividends

Interim dividends paid

		2025 £		2024 £
Interim dividend of £Nil (2024 - £10.10) per each Ordinary L		-		1,000
Interim dividend of £Nil per each Ordinary P		-		-
		-		1,000

L C Andrews Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

10	Related party transactions

Summary of transactions with associates

The company owns one third of the issued share capital in GEL Engineering limited, and Mr Andrews is a director in both companies.

Summary of transactions with other related parties

Mr L C Andrews The director of the company
The freehold properties and their associated mortgages are held in the name of the director, for and on behalf of the company.