LTC Powered Access Limited

Contents

Balance Sheet	1
Notes to the Financial Statements	2 to 6

LTC Powered Access Limited

Balance Sheet

31 August 2025

	Note	2025 £	2024 £
Current assets
Debtors	5	1,139,674	1,165,032
Cash at bank and in hand		285,155	276,405
		1,424,829	1,441,437
Creditors: Amounts falling due within one year	6	(333,186)	(315,304)
Net assets		1,091,643	1,126,133
Capital and reserves
Called up share capital	7	10,000	10,000
Profit and loss account		1,081,643	1,116,133
Shareholders' funds		1,091,643	1,126,133

These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 31 March 2026
 

......................................... Mr R A Wills Director

Company Registration Number: 10738156

LTC Powered Access Limited

Notes to the Financial Statements

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:
Wixenford Depot
Colesdown Hill
Plymouth
Devon
PL9 8AA
England

These financial statements were authorised for issue by the director on 31 March 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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

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.

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

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 value added tax, returns, rebates and discounts and after eliminating sales within the company.

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.

LTC Powered Access Limited

Notes to the Financial Statements

Year Ended 31 August 2025

Government grants

Government grants are recognised at the fair value of the asset received or receivable. Grants are not
recognised until there is reasonable assurance that the company will comply with the conditions
attaching to them and the grants will be received.

Government grants are recognised using the accrual model and the performance model.

Under the accrual model, government grants relating to revenue are recognised on a systematic basis
over the periods in which the company recognises the related costs for which the grant is intended to
compensate. Grants that are receivable as compensation for expenses or losses already incurred or
for the purpose of giving immediate financial support to the entity with no future related costs are
recognised in income in the period in which it becomes receivable.

Grants relating to assets are recognised in income on a systematic basis over the expected useful life
of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income
and not deducted from the carrying amount of the asset.

Under the performance model, where the grant does not impose specified future performance-related
conditions on the recipient, it is recognised in income when the grant proceeds are received or
receivable. Where the grant does impose specified future performance-related conditions on the
recipient, it is recognised in income only when the performance-related conditions have been met.
Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a
liability.

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 corporation 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.

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.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

LTC Powered Access Limited

Notes to the Financial Statements

Year Ended 31 August 2025

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.

Financial instruments

Classification
The company holds the following financial instruments:

• Short term trade and other debtors and creditors; and
• Cash and bank balances.

All financial instruments are classified as basic.

 Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.

Such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.

 

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 14 (2024 - 15).

4	Auditors' remuneration

	2025 £	2024 £
Audit of the financial statements	2,000	1,162

 

LTC Powered Access Limited

Notes to the Financial Statements

Year Ended 31 August 2025

5

Debtors

	Note	2025 £	2024 £
Trade debtors		476,457	491,239
Amounts owed by group undertakings	9	601,652	613,409
Prepayments		60,964	60,384
Other debtors		601	-
		1,139,674	1,165,032

6

Creditors

	2025 £	2024 £
Due within one year
Trade creditors	69,333	61,868
Taxation and social security	203,482	197,468
Accruals and deferred income	22,963	21,707
Other creditors	37,408	34,261
	333,186	315,304

7	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary shares of £1 each	10,000	10,000	10,000	10,000

8	Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £108,750 (2024 - £45,000).

9	Related party transactions

The company has taken advantage of the exemption in FRS 102 "Related Party Disclosures" from disclosing transactions with wholly owned members of the group.

LTC Powered Access Limited

Notes to the Financial Statements

Year Ended 31 August 2025

Transactions with the director

2025	At 1 September 2024 £	Advances to director £	Repayments by director £	At 31 August 2025 £
Mr R A Wills
Interest free, repayable on demand loan account	-	811	(602)	208

2024	At 1 September 2023 £	Advances to director £	Repayments by director £	At 31 August 2024 £
Mr R A Wills
Interest free, repayable on demand loan account	-	222	(222)	-

10	Audit report

The Independent Auditors' Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report was James Barrett, who signed for and on behalf of PKF Francis Clark on 23 April 2026.

11	Parent and ultimate parent undertaking

The company's immediate, and ultimate, parent is LTC Group87 Limited, incorporated in England and Wales.

Relationship between entity and parents

The parent of the smallest group in which these financial statements are consolidated is LTC Group87 Limited, incorporated in England and Wales.

The address of LTC Group87 Limited is:
Wixenford Depot, Colesdown Hill, Plymouth, Devon, PL9 8AA