Registration number: 04849723

Lamorna Express Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 8

Lamorna Express Limited

Company Information

Director

Mr A J Brown

Registered office

Unit 10A Cardrew Industrial Estate Redruth Cornwall TR15 1SS

Lamorna Express Limited

(Registration number: 04849723)
Balance Sheet as at 30 November 2025

	Note	2025 £	2024 £
Current assets
Stocks	5	150	150
Debtors	6	12,937	13,213
Cash at bank and in hand		5,442	-
		18,529	13,363
Creditors: Amounts falling due within one year	7	(32,582)	(26,357)
Total assets less current liabilities		(14,053)	(12,994)
Creditors: Amounts falling due after more than one year	7	-	(6,692)
Net liabilities		(14,053)	(19,686)
Capital and reserves
Called up share capital		1	1
Retained earnings		(14,054)	(19,687)
Shareholders' deficit		(14,053)	(19,686)

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 member has 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 1 October 2026
 

......................................... Mr A J Brown Director

Lamorna Express Limited

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 10A
Cardrew Industrial Estate
Redruth
Cornwall
TR15 1SS

These financial statements were authorised for issue by the director on 1 October 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 presentational currency in these financial statements is GB pounds sterling (£).

Going concern

At 30 November 2025 the company had net liabilities and it also had net liabilities the previous year. These conditions indicate the existence of a material uncertainty about the company’s ability to continue as a going concern. The financial statements have been prepared on a going concern basis on the understanding that the director will continue to financially support the company to meet liabilities as they fall due, assist with operating costs where necessary for the foreseeable future, and not call in their loan to the company for at least the next twelve months.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the 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.

Lamorna Express Limited

Notes to the Unaudited Financial Statements for the year ended 30 November 2025

Tax

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

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:

Depreciation method and rate for Tangible assets
Asset class	Depreciation method and rate
Plant and machinery	12.5% to 20% straight line
Motor vehicles	20% straight line

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.

Stocks

Stocks are stated at the lower of cost and estimated selling price.

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.

Lamorna Express Limited

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.

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.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 4 (2024 - 4).

Lamorna Express Limited

Notes to the Unaudited Financial Statements for the year ended 30 November 2025

4	Tangible assets

	Motor vehicles  £	Other tangible assets £	Total £
Cost or valuation
At 1 December 2024	22,800	7,186	29,986
At 30 November 2025	22,800	7,186	29,986
Depreciation
At 1 December 2024	22,800	7,186	29,986
At 30 November 2025	22,800	7,186	29,986
Carrying amount
At 30 November 2025	-	-	-

5

Stocks

	2025 £	2024 £
Packaging materials	150	150

6

Debtors

Current	2025 £	2024 £
Trade debtors	11,808	11,220
Prepayments	1,129	1,993
	12,937	13,213

Lamorna Express Limited

Notes to the Unaudited Financial Statements for the year ended 30 November 2025

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	9	6,692	7,665
Trade creditors		7,808	5,163
Taxation and social security		6,026	3,198
Accruals and deferred income		1,480	1,480
Other creditors		10,576	8,851
		32,582	26,357