Registration number: 13130409

LS Vehicle Recycling Limited

Contents

Statement of Financial Position	1 to 2
Notes to the Unaudited Financial Statements	3 to 8

LS Vehicle Recycling Limited

(Registration number: 13130409)
Statement of Financial Position
31 January 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	4	32,001	39,935
Current assets
Stocks	5	2,000	45,000
Debtors	6	50,753	5,350
Cash at bank and in hand		36,665	12,833
		89,418	63,183
Creditors: Amounts falling due within one year	7	(101,729)	(86,224)
Net current liabilities		(12,311)	(23,041)
Total assets less current liabilities		19,690	16,894
Provisions for liabilities		(7,588)	(7,588)
Net assets		12,102	9,306
Capital and reserves
Called up share capital		100	100
Retained earnings		12,002	9,206
Shareholders' funds		12,102	9,306

For the financial year ending 31 January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have 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 30 October 2026
 

LS Vehicle Recycling Limited

(Registration number: 13130409)
Statement of Financial Position
31 January 2026

......................................... L W Stoner Director

LS Vehicle Recycling Limited

Notes to the Unaudited Financial Statements
for the year ended 31 January 2026

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Wiston House
1 Wiston Avenue
Worthing
West Sussex
BN14 7QL
United Kingdom

These financial statements were authorised for issue by the director on 30 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.

Revenue recognition

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

LS Vehicle Recycling Limited

Notes to the Unaudited Financial Statements
for the year ended 31 January 2026

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

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 statement of financial position 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:

Asset class	Depreciation method and rate
Plant and machinery	over 4 years
Fixtures and fittings	15% reducing balance
Motor vehicles	over 4 years
Office equipment	between 2 and 5 years

LS Vehicle Recycling Limited

Notes to the Unaudited Financial Statements
for the year ended 31 January 2026

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

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.

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

LS Vehicle Recycling Limited

Notes to the Unaudited Financial Statements
for the year ended 31 January 2026

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 10 (2025 - 8).

4	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Other tangible assets £	Total £
Cost or valuation
At 1 February 2025	8,374	39,330	33,867	81,571
Additions	4,321	8,833	510	13,664
Disposals	-	(6,575)	-	(6,575)
At 31 January 2026	12,695	41,588	34,377	88,660
Depreciation
At 1 February 2025	2,489	18,971	20,176	41,636
Charge for the year	1,194	8,671	8,140	18,005
Eliminated on disposal	-	(2,982)	-	(2,982)
At 31 January 2026	3,683	24,660	28,316	56,659
Carrying amount
At 31 January 2026	9,012	16,928	6,061	32,001
At 31 January 2025	5,885	20,359	13,691	39,935

Included within the net book value of land and buildings above is £Nil (2025 - £Nil) in respect of freehold land and buildings.
 

LS Vehicle Recycling Limited

Notes to the Unaudited Financial Statements
for the year ended 31 January 2026

5

Stocks

	2026 £	2025 £
Other inventories	2,000	45,000

6

Debtors

Current	2026 £	2025 £
Trade debtors	49,403	5,000
Other debtors	1,350	350
	50,753	5,350

LS Vehicle Recycling Limited

Notes to the Unaudited Financial Statements
for the year ended 31 January 2026

7

Creditors

Creditors: amounts falling due within one year

	Note	2026 £	2025 £
Due within one year
Loans and borrowings	8	22,586	15,044
Taxation and social security		71,780	40,453
Accruals and deferred income		1,010	835
Other creditors		6,353	29,892
		101,729	86,224

8	Loans and borrowings

Current loans and borrowings

	2026 £	2025 £
Bank borrowings	22,586	15,044