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Registered number: 01669726
Lemantech Import And Export Company Limited
Unaudited Financial Statements
For The Year Ended 31 December 2025
HH Accounts & Tax Services Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 01669726
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 236,635 245,054
236,635 245,054
CURRENT ASSETS
Stocks 5 257,790 485,477
Debtors 6 550,896 637,652
Cash at bank and in hand 916,361 902,224
1,725,047 2,025,353
Creditors: Amounts Falling Due Within One Year 7 (1,118,575 ) (1,477,558 )
NET CURRENT ASSETS (LIABILITIES) 606,472 547,795
TOTAL ASSETS LESS CURRENT LIABILITIES 843,107 792,849
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,401 ) (1,401 )
NET ASSETS 841,706 791,448
CAPITAL AND RESERVES
Called up share capital 8 450,000 450,000
Share premium account 50,000 50,000
Revaluation reserve 9 141,822 146,265
Profit and Loss Account 199,884 145,183
SHAREHOLDERS' FUNDS 841,706 791,448
Page 1
Page 2
For the year ending 31 December 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 F Haffar
Director
25/06/2026
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Lemantech Import And Export Company Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01669726 . The registered office is Premium House, 1 Tilson Road, Roundhorn Industrial Estate, Manchester, M23 9GF.
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:
Freehold Straightline over the life of the lease
Leasehold Straightline over the life of the lease
Plant & Machinery 285% reducing balance
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.
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2024: 6)
6 6
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Total
£ £ £
Cost
As at 1 January 2025 417,772 75,588 493,360
As at 31 December 2025 417,772 75,588 493,360
Depreciation
As at 1 January 2025 172,974 75,332 248,306
Provided during the period 8,355 64 8,419
As at 31 December 2025 181,329 75,396 256,725
Net Book Value
As at 31 December 2025 236,443 192 236,635
As at 1 January 2025 244,798 256 245,054
5. Stocks
2025 2024
£ £
Stock 391,130 618,817
Stock provisions (133,340 ) (133,340 )
257,790 485,477
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Page 5
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 549,974 545,487
Prepayments and accrued income 922 3,508
Pension fund loan - 88,657
550,896 637,652
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 175,836 481,366
Bank loans and overdrafts 1,979 482,189
Other loans 863,244 485,748
Corporation tax 22,695 -
Other taxes and social security 1,217 4,787
VAT 20,580 33,444
Premium Business 24,295 (6,407 )
VAT on bad debts - (15,173 )
Barclaycard 227 -
Accruals and deferred income 8,502 11,604
1,118,575 1,477,558
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 450,000 450,000
9. Reserves
Share Premium Revaluation reserve Other reserves Profit and Loss Account
£ £ £ £
As at 1 January 2025 50,000 146,265 - 145,183
Profit for the year and total comprehensive income - - - 54,701
Transfer to/from Profit & Loss Account - (4,443 ) - -
As at 31 December 2025 50,000 141,822 - 199,884
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