REGISTERED NUMBER: SC204492 (Scotland)

Financial Statements for the Year Ended 31 March 2026

for

LHR Marine Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D R Murray

Ms M H Murray

M Cowieson

REGISTERED OFFICE:

c/o JM Taylor

5 Rubislaw Terrace

Aberdeen

AB10 1XE

REGISTERED NUMBER:

SC204492 (Scotland)

ACCOUNTANTS:

J M Taylor

5 Rubislaw Terrace

ABERDEEN

AB10 1XE

FIXED ASSETS

Tangible assets

4

584,073

602,917

CURRENT ASSETS

Stocks

1,889,657

1,925,376

Debtors

5

278,849

476,525

Cash at bank and in hand

141,682

150,093

2,310,188

2,551,994

CREDITORS

Amounts falling due within one year

6

1,050,856

1,403,276

NET CURRENT ASSETS

1,259,332

1,148,718

TOTAL ASSETS LESS CURRENT LIABILITIES

1,843,405

1,751,635

CREDITORS

Amounts falling due after more than one year

7

(132,854

)

(173,239

)

PROVISIONS FOR LIABILITIES

8

(7,612

)

(9,373

)

NET ASSETS

1,702,939

1,569,023

CAPITAL AND RESERVES

Called up share capital

9

600

600

Retained earnings

1,702,339

1,568,423

SHAREHOLDERS' FUNDS

1,702,939

1,569,023

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 October 2026 and were signed on its behalf by:

D R Murray - Director

1.	STATUTORY INFORMATION

LHR Marine Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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.

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

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

2% on cost

Plant and machinery etc

-

25% on reducing balance

Stocks

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

Taxation

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

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 7 (2025 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2025

629,341

43,223

672,564

Additions

-

1,919

1,919

At 31 March 2026

629,341

45,142

674,483

DEPRECIATION

At 1 April 2025

63,917

5,730

69,647

Charge for year

11,800

8,963

20,763

At 31 March 2026

75,717

14,693

90,410

NET BOOK VALUE

At 31 March 2026

553,624

30,449

584,073

At 31 March 2025

565,424

37,493

602,917

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Trade debtors

269,591

451,502

Other debtors

9,258

25,023

278,849

476,525

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Bank loans and overdrafts

38,982

37,580

Trade creditors

793,508

1,218,214

Taxation and social security

62,606

56,370

Other creditors

155,760

91,112

1,050,856

1,403,276

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.26

31.3.25

£

£

Bank loans

132,854

173,239

8.	PROVISIONS FOR LIABILITIES

31.3.26

31.3.25

£

£

Deferred tax

7,612

9,373

Deferred

tax

£

Balance at 1 April 2025

9,373

Accelerated capital allowances

(1,761

)

Balance at 31 March 2026

7,612

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.26

31.3.25

value:

£

£

570

Ordinary

£1

570

570

30

Ordinary A

£1

30

30

600

600

10.	ULTIMATE CONTROLLING PARTY

The company is controlled by Mr D R Murray and Mrs M H Murray.