REGISTERED NUMBER: 01544655 (England and Wales)

L. G. M. LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JANUARY 2026

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R J Markall

Mrs S L Scott

SECRETARY:

Mrs S L Scott

REGISTERED OFFICE:

Coppice Trading Estate

Kidderminster

Worcestershire

DY11 7QY

REGISTERED NUMBER:

01544655 (England and Wales)

FIXED ASSETS

Tangible assets

4

58,096

81,173

Investments

5

214,119

189,752

272,215

270,925

CURRENT ASSETS

Stocks

89,710

113,214

Debtors

6

566,455

579,559

Cash at bank and in hand

604

24,170

656,769

716,943

CREDITORS

Amounts falling due within one year

7

378,338

279,145

NET CURRENT ASSETS

278,431

437,798

TOTAL ASSETS LESS CURRENT LIABILITIES

550,646

708,723

CREDITORS

Amounts falling due after more than one year

8

(8,579

)

(42,907

)

PROVISIONS FOR LIABILITIES

10

(35,088

)

(31,127

)

NET ASSETS

506,979

634,689

CAPITAL AND RESERVES

Called up share capital

11

1,000

1,000

Retained earnings

505,979

633,689

SHAREHOLDERS' FUNDS

506,979

634,689

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 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 10th September 2026 and were signed on its behalf by:

R J Markall - Director

1.	STATUTORY INFORMATION

L. G. M. 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. These financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Preparation of consolidated financial statements

The financial statements contain information about L. G. M. 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 represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

10% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

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.

Financial instruments

Basic financial liabilities, including trade and other debtors, bank loans and loans 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 receipts discounted at a market rate of interest.

Financial assets and liabilities are only offset in the balance sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the company intends to either settle on a net basis, or to realise the asset and settle the liability simultaneously.

Debt instruments that have no stated interest rate are classified as payable or receivable within one year are initially measured at an un-discounted amount of the cash or other consideration expected to be paid, net of impairment.

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.

Operating leases

Rentals under operating leases are charged to the profit and loss account on a straight line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight line basis over the period until the date the rent is expected to be adjusted to the prevailing market rate.

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.

Investments

Investments held as fixed assets are recorded at fair value.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2025 - 15 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1st February 2025

27,433

7,662

156,122

52,320

243,537

Additions

15,976

-

-

560

16,536

Disposals

-

-

(71,200

)

-

(71,200

)

At 31st January 2026

43,409

7,662

84,922

52,880

188,873

DEPRECIATION

At 1st February 2025

17,833

7,067

88,694

48,770

162,364

Charge for year

3,836

60

11,226

1,963

17,085

Eliminated on disposal

-

-

(48,672

)

-

(48,672

)

At 31st January 2026

21,669

7,127

51,248

50,733

130,777

NET BOOK VALUE

At 31st January 2026

21,740

535

33,674

2,147

58,096

At 31st January 2025

9,600

595

67,428

3,550

81,173

The net book value of tangible fixed assets includes £ 23,900 (2025 - £ 57,278 ) in respect of assets held under hire purchase contracts.

5.	FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:

2026

2025

£

£

Capital bonds

214,119

189,752

If the capital bonds had not been revalued to fair value the historic cost shown would have been £50,000 (2024 - £50,000).

6.

DEBTORS

2026

2025

£

£

Amounts falling due within one year:

Trade debtors

266,930

288,398

VAT

9,236

1,176

Prepayments

6,191

5,887

282,357

295,461

Amounts falling due after more than one year:

Amounts owed by group undertakings

284,098

284,098

Aggregate amounts

566,455

579,559

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

19,250

9,525

Hire purchase contracts (see note 9)

29,041

36,931

Trade creditors

214,416

191,902

Social security and other taxes

16,224

10,601

Other creditors

59,042

18,371

Accrued expenses

40,365

11,815

378,338

279,145

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans - 1-2 years

-

5,286

Hire purchase contracts (see note 9)

8,579

37,621

8,579

42,907

9.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2026

2025

£

£

Net obligations repayable:

Within one year

29,041

36,931

Between one and five years

8,579

37,621

37,620

74,552

10.	PROVISIONS FOR LIABILITIES

2026

2025

£

£

Deferred tax

35,088

31,127

Deferred tax

£

Balance at 1st February 2025

31,127

Provided during year

3,961

Balance at 31st January 2026

35,088

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

1,000

Ordinary

£1

1,000

1,000

12.	RELATED PARTY DISCLOSURES

Included within debtors due after more than one year is an amount of £284,098 (2025 - £284,098) due from the parent company, LGM Holdings Limited.

During the year dividends of £71,509 (2025 - £84,000) were paid to LGM Holdings Limited.