Lyons Boatyard Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 04532274

		31 October 2025		31 October 2024 as restated
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		64,229		18,847

			64,229		18,847
CURRENT ASSETS
Stocks	6	3,300		24,958
Debtors	7	134,277		84,896
Cash at bank and in hand		53,774		2,598

		191,351		112,452
Creditors: Amounts Falling Due Within One Year	8	(133,384 )		(32,293 )

NET CURRENT ASSETS (LIABILITIES)			57,967		80,159

TOTAL ASSETS LESS CURRENT LIABILITIES			122,196		99,006

PROVISIONS FOR LIABILITIES
Deferred Taxation			(5,214 )		(4,489 )

NET ASSETS			116,982		94,517

CAPITAL AND RESERVES
Called up share capital	9		100		100
Profit and Loss Account			116,882		94,417

SHAREHOLDERS' FUNDS			116,982		94,517

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Lyons Boatyard Ltd

Balance Sheet (continued)

As At 31 October 2025

For the year ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Dean Conduit

Director

13/01/2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Lyons Boatyard Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 04532274 . The registered office is Limekiln Lane, Warstock, Birmingham, West Midlands, B14 4SP.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 5 years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	15% straight line
Computer Equipment	33% straight line

2.5. Stocks and Work in Progress

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. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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Lyons Boatyard Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

2.6. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 4 (2024: 2)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 November 2024	39,060

As at 31 October 2025	39,060

Amortisation
As at 1 November 2024	39,060

As at 31 October 2025	39,060

Net Book Value
As at 31 October 2025	-

As at 1 November 2024	-

5. Tangible Assets

	Plant & Machinery	Computer Equipment	Total
	£	£	£
Cost
As at 1 November 2024	30,214	1,244	31,458
Additions	52,687	1,695	54,382

As at 31 October 2025	82,901	2,939	85,840

Depreciation
As at 1 November 2024	11,367	1,244	12,611
Provided during the period	8,697	303	9,000

As at 31 October 2025	20,064	1,547	21,611

Net Book Value
As at 31 October 2025	62,837	1,392	64,229

As at 1 November 2024	18,847	-	18,847

6. Stocks

	31 October 2025	31 October 2024 as restated
	£	£
Stock	3,300	24,958

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Lyons Boatyard Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

7. Debtors

	31 October 2025	31 October 2024 as restated
	£	£
Due within one year
Trade debtors	382	903
Prepayments and accrued income	13,449	3,073
Other debtors	116,370	80,022
VAT	4,076	898

	134,277	84,896

8. Creditors: Amounts Falling Due Within One Year

	31 October 2025	31 October 2024 as restated
	£	£
Trade creditors	16,428	3,111
Corporation tax	5,614	18,731
Other taxes and social security	172	22
Other creditors	65,529	-
Accruals and deferred income	7,504	10,329
Director's loan account	38,137	100

	133,384	32,293

9. Share Capital

	31 October 2025	31 October 2024 as restated
	£	£
Allotted, Called up and fully paid	100	100

10. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	31 October 2025	31 October 2024 as restated
	£	£
Later than five years	16,100	16,100

	16,100	16,100

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