REGISTERED NUMBER: 07637867 (England and Wales)

Lux Technical Ltd

Financial Statements For The Year Ended 30th April 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

to

8

DIRECTORS:

P C Gibbons

Mrs J F MacDonald

REGISTERED OFFICE:

Unit 5-6 Chater Court Halifax Drive

Northfields Industrial Estate

Market Deeping

Peterborough

PE6 8AH

REGISTERED NUMBER:

07637867 (England and Wales)

AUDITORS:

Cheney & Co

Statutory Auditor

310 Wellingborough Road

Northampton

NN1 4EP

FIXED ASSETS

Intangible assets

5

-

-

Tangible assets

6

3,954,460

2,183,774

3,954,460

2,183,774

CURRENT ASSETS

Stocks

14,692

20,000

Debtors

7

371,765

301,722

Cash at bank and in hand

31,367

457

417,824

322,179

CREDITORS

Amounts falling due within one year

8

1,673,500

931,968

NET CURRENT LIABILITIES

(1,255,676

)

(609,789

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,698,784

1,573,985

CREDITORS

Amounts falling due after more than one year

9

(421,018

)

(1,052,790

)

PROVISIONS FOR LIABILITIES

12

(542,530

)

(94,000

)

NET ASSETS

1,735,236

427,195

CAPITAL AND RESERVES

Called up share capital

1

1

Revaluation reserve

13

11,250

22,501

Retained earnings

1,723,985

404,693

1,735,236

427,195

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 17th November 2025 and were signed on its behalf by:

P C Gibbons - Director

1.	STATUTORY INFORMATION

Lux Technical Ltd 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 (£).

The principal activity in the year under review was that of the sale and leasing of audio, visual and media entertainment equipment.

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.

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.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and

services provided in the normal course of business, and is shown net of VAT and other sales related

taxes. The fair value of consideration takes into account trade discounts, settlement discounts and

volume rebates.

When cash inflows are deferred and represent a financing arrangement, the fair value of the

consideration is the present value of the future receipts. The difference between the fair value of

the consideration and the nominal amount received is recognised as interest income.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of

the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be

measured reliably, it is probable that the economic benefits associated with the transaction will

flow to the entity and the costs incurred or to be incurred in respect of the transaction can be

measured reliably.

Revenue from contracts for the provision of professional services is recognised by reference to the

stage of completion when the stage of completion, costs incurred and costs to complete can be

estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in

relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the

outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Short leasehold

-

12.5% on cost

Plant and machinery

-

10% on cost

Motor vehicles

-

20% on reducing balance

Computer equipment

-

10% 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.

Hire purchase and leasing commitments

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 of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets

to determine whether there is any indication that those assets have suffered an impairment loss. If

any such indication exists, the recoverable amount of the asset is estimated in order to determine

the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable

amount of an individual asset, the company estimates the recoverable amount of the cash-generating

unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing

value in use, the estimated future cash flows are discounted to their present value using a pre-tax

discount rate that reflects current market assessments of the time value of money and the risks

specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its

carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its

recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the

relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a

revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have

ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset

(or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so

that the increased carrying amount does not exceed the carrying amount that would have been

determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior

years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the

relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2024 - 12 ) .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st May 2024

and 30th April 2025

40,000

AMORTISATION

At 1st May 2024

and 30th April 2025

40,000

NET BOOK VALUE

At 30th April 2025

-

At 30th April 2024

-

6.	TANGIBLE FIXED ASSETS

Short

Plant and

Motor

Computer

leasehold

machinery

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1st May 2024

24,417

2,659,095

147,784

65,575

2,896,871

Additions

5,558

2,110,276

10,074

11,956

2,137,864

Disposals

-

(140,025

)

(33,370

)

(6,316

)

(179,711

)

At 30th April 2025

29,975

4,629,346

124,488

71,215

4,855,024

DEPRECIATION

At 1st May 2024

23,315

574,065

79,286

36,431

713,097

Charge for year

969

229,045

13,566

3,798

247,378

Eliminated on disposal

-

(23,691

)

(32,704

)

(3,516

)

(59,911

)

At 30th April 2025

24,284

779,419

60,148

36,713

900,564

NET BOOK VALUE

At 30th April 2025

5,691

3,849,927

64,340

34,502

3,954,460

At 30th April 2024

1,102

2,085,030

68,498

29,144

2,183,774

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

as restated

£

£

Trade debtors

360,600

292,821

Other debtors

11,165

8,901

371,765

301,722

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

as restated

£

£

Bank loans and overdrafts

-

106,620

Hire purchase contracts (see note 10)

83,982

335,153

Trade creditors

126,012

53,202

Amounts owed to group undertakings

1,325,968

-

Taxation and social security

70,567

96,595

Other creditors

66,971

340,398

1,673,500

931,968

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

as restated

£

£

Bank loans

-

91,039

Hire purchase contracts (see note 10)

42,008

582,741

Other creditors

379,010

379,010

421,018

1,052,790

Amounts falling due in more than five years:

Repayable by instalments

Hire purchase

-

9,494

10.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2025

2024

as restated

£

£

Net obligations repayable:

Within one year

83,982

335,153

Between one and five years

42,008

573,247

In more than five years

-

9,494

125,990

917,894

Non-cancellable

operating leases

2025

2024

as restated

£

£

Within one year

60,044

-

Between one and five years

88,163

-

148,207

-

11.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

as restated

£

£

Bank overdraft

-

9,120

Bank loans

-

188,539

Intercompany balances

1,325,968

-

1,325,968

197,659

The bank overdraft and bank loan are secured by a fixed and floating charge over the property and assets of the company.

Allica Financial Services limited has a fixed and floating charge over all assets of the group, to include this company, dated 20th June 2024.

FDC General Partner limited has a fixed and floating charge over all assets of the group, to include this company, dated 20th June 2024.

12.	PROVISIONS FOR LIABILITIES

2025

2024

as restated

£

£

Deferred tax

542,530

94,000

Deferred

tax

£

Balance at 1st May 2024

94,000

Provided during year

448,530

Balance at 30th April 2025

542,530

13.

RESERVES

Revaluation

reserve

£

At 1st May 2024

22,501

Transfer

(11,251

)

At 30th April 2025

11,250

14.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Paul Sparks FCA FCCA (Senior Statutory Auditor)

for and on behalf of Cheney & Co

15.	CONTINGENT LIABILITIES

There were no contingent liabilities as at 30th April 2025 or 30th April 2024.

16.	CAPITAL COMMITMENTS

There were no capital commitments as at 30th April 2025 or 30th April 2024.

17.	RELATED PARTY DISCLOSURES

Included within other creditors is £139,609 (2024- £139,609) due to the director Mr P C Gibbons. There is also £239,400 (2024- £239,400) due to Messenger Construction Limited, a company who the majority control rests with Mr P Gibbons, the father of the director.