REGISTERED NUMBER: 00942029 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2025

for

L.M.L. Products Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Director:

C Langridge

Registered office:

Unit L1 Beversbrook Centre

Redman Road

Calne

Wiltshire

SN11 9PR

Registered number:

00942029 (England and Wales)

Accountants:

Crowthers Chartered Accountants

15 St Georges Road

Cheltenham

Gloucestershire

GL50 3DT

FIXED ASSETS

Tangible assets

4

112,774

125,568

Investments

5

1

1

112,775

125,569

CURRENT ASSETS

Stocks

178,002

226,072

Debtors

6

679,733

764,189

Cash at bank and in hand

135,043

198,795

992,778

1,189,056

CREDITORS

Amounts falling due within one year

7

430,005

597,371

NET CURRENT ASSETS

562,773

591,685

TOTAL ASSETS LESS CURRENT LIABILITIES

675,548

717,254

CREDITORS

Amounts falling due after more than one year

8

(37,502

)

(78,974

)

PROVISIONS FOR LIABILITIES

11

(123,447

)

(153,366

)

NET ASSETS

514,599

484,914

CAPITAL AND RESERVES

Called up share capital

12

1,752

1,752

Share premium

21,034

21,034

Retained earnings

491,813

462,128

SHAREHOLDERS' FUNDS

514,599

484,914

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

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

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 2 October 2026 and were signed by:

C Langridge - Director

1.	STATUTORY INFORMATION

L.M.L. Products 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Preparation of consolidated financial statements

The financial statements contain information about L.M.L. Products Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover

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

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

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.

Plant and machinery

Straight line over 5 years

Fixtures and fittings

Straight line over 5 years

Motor vehicles

Straight line over 5 years

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to the profit or loss.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

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

Financial instruments

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payment ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the company's contractual obligations expire or are discharged or cancelled.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Research and development

Research expenditure is written off against profits in the year in which it is incurred. Identifiable development expenditure is capitalised to the extent that the technical, commercial and financial feasibility can be demonstrated.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2024 - 21 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

Cost

At 1 January 2025

662,470

Additions

27,290

At 31 December 2025

689,760

Depreciation

At 1 January 2025

536,902

Charge for year

40,084

At 31 December 2025

576,986

Net book value

At 31 December 2025

112,774

At 31 December 2024

125,568

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

Cost

At 1 January 2025

and 31 December 2025

1

Net book value

At 31 December 2025

1

At 31 December 2024

1

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

298,067

355,140

Amounts owed by associates

51,579

51,579

Other debtors

330,087

357,470

679,733

764,189

Included within trade debtors in both the current and comparative year are amounts which are subject to an invoice discounting arrangement. In the current year this totalled £267,963.

Included within other debtors is an amount of £278,769 (2024: £275,463) owed by a related party. This is unsecured, interest free and repayable on demand.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

14,684

55,587

Hire purchase contracts (see note 9)

26,788

25,728

Trade creditors

160,590

189,322

Amounts owed to group undertakings

1

1

Taxation and social security

43,528

56,606

Other creditors

184,414

270,127

430,005

597,371

Included within other creditors is an amount of £160,039 (2024: £233,277) in respect of an invoice discounting arrangement.

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

-

14,684

Hire purchase contracts (see note 9)

37,502

64,290

37,502

78,974

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2025

2024

£

£

Net obligations repayable:

Within one year

26,788

25,728

Between one and five years

37,502

64,290

64,290

90,018

Non-cancellable

operating leases

2025

2024

£

£

Within one year

17,178

57,000

Between one and five years

-

17,178

17,178

74,178

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

14,684

70,271

Hire purchase contracts

64,290

90,018

Invoice discounting

160,039

233,277

239,013

393,566

Bank loans and the invoice discounting facility are secured with fixed and floating charge over the undertaking and all property and assets present and in the future, including goodwill, uncalled capital, buildings, fixtures, fixed plant & machinery.

Amounts owed under hire purchase contracts included above are secured over the assets concerned.

11.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

23,509

25,680

Other provisions

99,938

127,686

123,447

153,366

Deferred

Other

tax

provisions

£

£

Balance at 1 January 2025

25,680

127,686

Credit to Statement of Income and Retained Earnings during year

(2,171

)

-

Utilised during year

-

(27,748

)

Balance at 31 December 2025

23,509

99,938

During the year ended 31 December 2024, the company recognised a provision of £127,686 in relation to costs expected to arise following a fire at the premises. This amount was equivalent to the insurance proceeds received in respect of the incident and represented management's best estimate of the expenditure required to reinstate the affected assets and operations.

During the year ended 31 December 2025, remedial works were undertaken to clear, make safe and redecorate the affected areas of the building. As these costs were incurred, the related element of the provision was utilised and released. Following these works, a balance of £99,937 remained provided at the year end.

Management continues to expect that the cost of repairing and recommissioning the damaged plating plant will equal or exceed the remaining provision. Accordingly, the residual provision has been retained at the reporting date. This assessment is supported by quotations obtained from specialist contractors, with the latest quotation dated 27 July 2026. The quotation is currently being revised and finalised prior to commencement of the repair works.

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

1,752

Ordinary

£1

1,752

1,752

13.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2025 and 31 December 2024:

2025

2024

£

£

C Langridge

Balance outstanding at start of year

4,813

1,229

Amounts advanced

-

3,896

Amounts repaid

(1,416

)

(312

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

3,397

4,813

The above loan is unsecured, interest free and repayable on demand.

14.	ULTIMATE CONTROLLING PARTY

The Company is a 54.97% subsidiary of Choulden Holdings Limited a company registered in England and Wales (Company Number 04034431), registered at the same address as this Company. The Director of this Company is the majority shareholder of Choulden Holdings Limited consequently the ultimate controlling party is Mr Christopher Langridge.