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REGISTERED NUMBER: 03153710 (England and Wales)







Unaudited Financial Statements

for the Year Ended 31 March 2025

for

LOBO Systems Limited

LOBO Systems Limited (Registered number: 03153710)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LOBO Systems Limited

Company Information
for the Year Ended 31 March 2025







DIRECTORS: R J Bokros
H Bokros



SECRETARY: H Bokros



REGISTERED OFFICE: Centurion Way Business Park
Alfreton Road
Derby
Derbyshire
DE21 4AY



REGISTERED NUMBER: 03153710 (England and Wales)



ACCOUNTANTS: Mabe Allen LLP
Chartered Accountants
50 Osmaston Road
Derby
DE1 2HU



BANKERS: National Westminster Bank Plc
58 St Peter's Street
Derby
Derbyshire
DE1 1XL

LOBO Systems Limited (Registered number: 03153710)

Balance Sheet
31 March 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 128,465 174,578

CURRENT ASSETS
Stocks 6 600,792 915,680
Debtors 7 2,045,419 1,309,928
Cash at bank and in hand 448,183 590,130
3,094,394 2,815,738
CREDITORS
Amounts falling due within one year 8 544,062 293,565
NET CURRENT ASSETS 2,550,332 2,522,173
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,678,797

2,696,751

CREDITORS
Amounts falling due after more than one
year

9

(43,307

)

(69,093

)

PROVISIONS FOR LIABILITIES (21,320 ) (24,534 )
NET ASSETS 2,614,170 2,603,124

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 2,614,070 2,603,024
SHAREHOLDERS' FUNDS 2,614,170 2,603,124

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

LOBO Systems Limited (Registered number: 03153710)

Balance Sheet - continued
31 March 2025


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 Board of Directors and authorised for issue on 23 June 2025 and were signed on its behalf by:




R J Bokros - Director



H Bokros - Director


LOBO Systems Limited (Registered number: 03153710)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

LOBO Systems 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 10% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 25% on reducing balance

Tangible fixed assets are stated at cost or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Stocks and work in progress
Stocks and work in progress are stated at the lower of cost and net realisable value and includes a relevant proportion of overheads according to the stage of completion. Net realisable value is the estimated or actual selling price less all further costs to be incurred to completion and disposal.

Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

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.


LOBO Systems Limited (Registered number: 03153710)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

3. ACCOUNTING POLICIES - continued
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.

Foreign currencies
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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Finance leases
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss.

Provisions
Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event, it is probable that the outflow of economic benefits will be required in settlement and the amount can be reliably estimated.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2024 - 19 ) .

LOBO Systems Limited (Registered number: 03153710)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

5. TANGIBLE FIXED ASSETS
Plant and Motor Office
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2024 81,962 225,964 41,794 349,720
Additions 10,322 - 7,817 18,139
Disposals - (80,000 ) - (80,000 )
At 31 March 2025 92,284 145,964 49,611 287,859
DEPRECIATION
At 1 April 2024 33,718 105,188 36,236 175,142
Charge for year 5,429 21,757 3,316 30,502
Eliminated on disposal - (46,250 ) - (46,250 )
At 31 March 2025 39,147 80,695 39,552 159,394
NET BOOK VALUE
At 31 March 2025 53,137 65,269 10,059 128,465
At 31 March 2024 48,244 120,776 5,558 174,578

The net book value of tangible fixed assets includes £ 65,269 (2024 - £ 87,026 ) in respect of assets held under hire purchase contracts.

6. STOCKS
2025 2024
£    £   
Finished goods 600,792 915,680

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 823,381 529,165
Amounts owed by group undertakings 1,184,200 740,000
Prepayments 37,838 40,763
2,045,419 1,309,928

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Hire purchase contracts 25,731 28,511
Payments on account 21,352 23,991
Trade creditors 240,903 81,205
Corporation tax 116,935 82,856
Social security and other taxes 100,922 52,571
Other creditors 28,049 9,586
Accruals 10,170 14,845
544,062 293,565

LOBO Systems Limited (Registered number: 03153710)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Hire purchase contracts 43,307 69,093

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
100 Ordinary £1 100 100

11. ULTIMATE CONTROLLING PARTY

The controlling party is Lobo Holdings Limited.

The ultimate controlling party is the directors, R J and H Bokros.