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Registration number: 05501769

Lobina Transport Services Ltd
Unaudited Filleted Financial Statements
for the Year Ended 31 August 2025

Lobina Transport Services Ltd

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 9

Lobina Transport Services Ltd

Company Information

Directors | Mr Simon Lobina Mr Luigi Lobina

Company secretary | Rosa Lobina

Registered office | Nutbrook House Shipley Common Lane Ilkeston DE7 8TP

Accountants | M Ball & Co Limited The Hemington Millhouse Business Centre Station Road Castle Donington Derby DE74 2NJ

Lobina Transport Services Ltd

(Registration number: 05501769)
Balance Sheet as at 31 August 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 613,755 | 706,427
Investment property |  | 524,471 | 272,083
Investments | 5 | 100 | 100
|  | 1,138,326 | 978,610
Current assets |  |  |
Debtors | 6 | 2,350,328 | 1,752,398
Cash at bank and in hand |  | 449,771 | 609,758
|  | 2,800,099 | 2,362,156
Creditors: Amounts falling due within one year | 7 | (2,153,764) | (945,315)
Net current assets |  | 646,335 | 1,416,841
Total assets less current liabilities |  | 1,784,661 | 2,395,451
Creditors: Amounts falling due after more than one year | 7 | (369,559) | (389,995)
Provisions for liabilities |  | (208,806) | (159,202)
Net assets |  | 1,206,296 | 1,846,254
Capital and reserves |  |  |
Called up share capital |  | 100 | 100
Retained earnings |  | 1,206,196 | 1,846,154
Shareholders' funds |  | 1,206,296 | 1,846,254

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

Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Lobina Transport Services Ltd

(Registration number: 05501769)
Balance Sheet as at 31 August 2025

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 22 April 2026 and signed on its behalf by:

......................................... Mr Simon Lobina Director

Lobina Transport Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

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:
Nutbrook House
Shipley
Common Lane
Ilkeston
DE7 8TP

These financial statements were authorised for issue by the Board on 22 April 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.

Lobina Transport Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

Going concern

The financial statements have been prepared on a going concern basis.

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.

Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.
Government grants relating to turnover are recognised as income over the periods when the related costs are incurred. Grants relating to an asset are recognised in income systematically over the asset's expected useful life. If part of such a grant is deferred it is recognised as deferred income rather than being deducted from the asset's carrying amount.

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 and deferred 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.

Lobina Transport Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

Tangible assets

Tangible assets are stated in the balance sheet 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
Leasehold improvements | Not depreciated
Plant and machinery | 10% reducing balance
Fixtures and fittings | 25% reducing balance
Computer equipment | 33.3% reducing balance
Motor vehicles | 25% reducing balance

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. 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. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Lobina Transport Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

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.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

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.

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 directors) during the year, was 24 (2024 - 26).

Lobina Transport Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

4 | Tangible assets

| Long leasehold land and buildings £ | Fixtures and fittings £ | Plant and machinery £ | Office equipment £ | Motor vehicles £ | Total £
Cost or valuation
At 1 September 2024 | 5,234 | 17,973 | 151,973 | 501,498 | 754,041 | 1,430,719
Additions | - | 23,082 | 9,312 | 21,580 | 51,942 | 105,916
At 31 August 2025 | 5,234 | 41,055 | 161,285 | 523,078 | 805,983 | 1,536,635
Depreciation
At 1 September 2024 | - | 3,917 | 76,283 | 208,720 | 435,372 | 724,292
Charge for the year | - | 7,203 | 8,184 | 98,124 | 85,077 | 198,588
At 31 August 2025 | - | 11,120 | 84,467 | 306,844 | 520,449 | 922,880
Carrying amount
At 31 August 2025 | 5,234 | 29,935 | 76,818 | 216,234 | 285,534 | 613,755
At 31 August 2024 | 5,234 | 14,056 | 75,690 | 292,778 | 318,669 | 706,427

Included within the net book value of land and buildings above is £5,234 (2024 - £5,234) in respect of long leasehold land and buildings.

Lobina Transport Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

5 | Investments

Subsidiaries | £
Cost or valuation
At 1 September 2024 | 100
Provision
Carrying amount
At 31 August 2025 | 100
At 31 August 2024 | 100

6 | Debtors

Current |  | 2025 £ | 2024 £
Trade debtors |  | 1,815,182 | 1,335,791
Amounts owed by related parties |  | 498,301 | 374,665
Prepayments |  | 7,913 | 10,285
Other debtors |  | 28,932 | 31,657
|  | 2,350,328 | 1,752,398

7 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings |  | 245,885 | 91,516
Trade creditors |  | 999,809 | 669,950
Amounts owed to group undertakings and undertakings in which the company has a participating interest |  | 93,538 | -
Taxation and social security |  | 178,151 | 160,426
Accruals and deferred income |  | 608,400 | 8,400
Other creditors |  | 27,981 | 15,023
|  | 2,153,764 | 945,315

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings |  | 369,559 | 389,995