Lomax Technical Services Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 03458788

Lomax Technical Services Limited

Unaudited financial statements

31 October 2025

Lomax Technical Services Limited

Statement of financial position

31 October 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Tangible assets	5	65,776	74,645
Investments	6	259,625	231,789
		---------	---------
		325,401	306,434

Current assets

Debtors	7	742,673	1,054,061
Cash at bank and in hand		1,754,888	1,446,584
		-----------	-----------
		2,497,561	2,500,645

Creditors: amounts falling due within one year	8	( 406,314)		( 501,302)
		-----------		-----------
Net current assets			2,091,247		1,999,343
			-----------		-----------
Total assets less current liabilities			2,416,648		2,305,777

Provisions

Taxation including deferred tax	( 34,816)	( 28,454)
	-----------	-----------
Net assets	2,381,832	2,277,323
	-----------	-----------

Capital and reserves

Called up share capital	100	100
Revaluation reserve	121,634	99,060
Profit and loss account	2,260,098	2,178,163
	-----------	-----------
Shareholders funds	2,381,832	2,277,323
	-----------	-----------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.

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.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Lomax Technical Services Limited

Statement of financial position (continued)

31 October 2025

These financial statements were approved by the board of directors and authorised for issue on 1 April 2026 , and are signed on behalf of the board by:

A D Debenham

Director

Company registration number: 03458788

Lomax Technical Services Limited

Notes to the financial statements

Year ended 31 October 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The trading and registered office address is Unit 7, Snetterton Business Park, Chalk Lane, Snetterton, Norwich, NR16 2JZ.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. In respect of long term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	25% reducing balance
Fixtures and fittings	-	25% reducing balance
Motor vehicles	-	25% reducing balance

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Defined contribution plans

The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company. The annual contributions payable are charged to the profit and loss account.

4. Employee numbers

The average number of employees during the year was 5 (2024: 5 ).

5. Tangible assets

	Plant and machinery	Fixtures and fittings	Motor vehicles	Total
	£	£	£	£
Cost
At 1 November 2024	4,500	52,202	150,869	207,571
Additions	–	13,611	–	13,611
Disposals	–	–	( 33,203)	( 33,203)
	------	-------	---------	---------
At 31 October 2025	4,500	65,813	117,666	187,979
	------	-------	---------	---------
Depreciation
At 1 November 2024	4,468	41,652	86,806	132,926
Charge for the year	8	6,041	16,430	22,479
Disposals	–	–	( 33,202)	( 33,202)
	------	-------	---------	---------
At 31 October 2025	4,476	47,693	70,034	122,203
	------	-------	---------	---------
Carrying amount
At 31 October 2025	24	18,120	47,632	65,776
	------	-------	---------	---------
At 31 October 2024	32	10,550	64,063	74,645
	------	-------	---------	---------

6. Investments

	Other investments other than loans
	£
Cost
At 1 November 2024	231,789
Additions	12
Revaluations	27,824
	---------
At 31 October 2025	259,625
	---------
Impairment
At 1 November 2024 and 31 October 2025	–
	---------

Carrying amount
At 31 October 2025	259,625
	---------
At 31 October 2024	231,789
	---------

7. Debtors

	2025	2024
	£	£
Trade debtors	498,991	817,368
Other debtors	243,682	236,693
	---------	-----------
	742,673	1,054,061
	---------	-----------

The debtors above include the following amounts falling due after more than one year:

	2025	2024
	£	£
Other debtors	25,125	25,125
	-------	-------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	147,341	336,177
Social security and other taxes	80,242	125,977
Other creditors	178,731	39,148
	---------	---------
	406,314	501,302
	---------	---------

9. Analysis of other comprehensive income

	Revaluation reserve	Profit and loss account	Total
	£	£	£
Year ended 31 October 2025
Revaluation of tangible assets	29,533	–	29,533
Reclassification from revaluation reserve to profit and loss account	( 6,959)	( 22,574)	( 29,533)
	-------	-------	-------
	22,574	( 22,574)	–
	-------	-------	-------

Year ended 31 October 2024
Revaluation of tangible assets	22,563	–	22,563
Reclassification from revaluation reserve to profit and loss account	( 10,205)	( 12,358)	( 22,563)
	-------	-------	-------
	12,358	( 12,358)	–
	-------	-------	-------

10. Operating leases

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

	2025	2024
	£	£
Not later than 1 year	31,170	31,170
Later than 1 year and not later than 5 years	31,170	62,340
	-------	-------
	62,340	93,510
	-------	-------

11. Directors' advances, credits and guarantees

Included within debtors at the year end is a directors loan account balance of £196,014 (2024: £157,301). The maximum overdrawn balance during the year was £216,840. Interest of £5,436 was charged at the official rate.