NLTS UK Ltd - Accounts

NLTS UK Ltd
Directors' Report
For the year ended 28 February 2026

Director's report and financial statements

The directors present his/her/their annual report and the financial statements for the year ended 28 February 2026

Principal activities

Principal activity of the company during the financial period was that of commerical vehicle repair and maintenance.

Statement of directors' responsibilities

The directors are responsible for preparing the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (Financial Reporting Standard 102 (1a) and applicable law). The financial statements are required by law to give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period.

In preparing these financial statements, the directors are required to:
-select suitable accounting policies and then apply them consistently
-make judgements and estimates that are reasonable and prudent
-state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006.

The directors are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Directors

The directors who served the company throughout the year were as follows:

R Dines

J Adlard

This report was approved by the board and signed on its behalf by:

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R Dines
Director

Date approved: 31 March 2026

NLTS UK Ltd
Statement of Financial Position
As at 28 February 2026

	Notes	2026 £	2025 £
Fixed assets
Tangible fixed assets	3	50,783	62,180
		50,783	62,180
Current assets
Stocks	4	120,000	35,000
Debtors	5	313,557	378,766
Cash at bank and in hand		161,392	138,086
		594,949	551,852
Creditors: amount falling due within one year	6	(521,704)	(269,997)
Net current assets		73,245	281,855

Total assets less current liabilities		124,028	344,035
Creditors: amount falling due after more than one year	7	(15,920)	(9,134)
Provisions for liabilities	8	(12,696)	0
Net assets		95,412	334,901

Capital and reserves
Called up share capital		3	3
Profit and loss account		95,409	334,898
Shareholders' funds		95,412	334,901

For the year ended 28 February 2026 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.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These 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 to the Registrar of Companies.

The financial statements were approved by the board of directors on 31 March 2026 and were signed on its behalf by:

-------------------------------
R Dines
Director

NLTS UK Ltd
Notes to the Financial Statements
For the year ended 28 February 2026

General Information

NLTS UK Ltd is a private company, limited by shares, registered in England and Wales, registration number 13196351, registration address Unit 8 (GF) Magellan Terrace, Gatwick Road, Gatwick, RH10 9PJ.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)

Going concern basis

The financial statements have been prepared on the going concern basis. The directors have reviewed the companys financial position, including its cash flow forecasts, and are satisfied that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax.

Finance lease and hire purchase charges

Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding liabilities are included within creditors and lease payments are apportioned between finance charges and capital repayments. The finance element of the rental payment is charged to the income statement on a straight line basis.

Taxation

The tax expense for the period comprises current and deferred tax. 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. Current tax is the amount of income tax payable in respect of the taxable profit for the period, using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Deferred taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Deferred tax liabilities are recognised for all taxable timing differences and 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 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. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Motor Vehicles	5 years Straight Line
Plant and Machinery	4 years Straight Line
Fixtures and Fittings	10 years Straight Line
Computer Equipment	3 years Straight Line

Assets on finance lease and hire purchase

Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Provisions

Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

2.	Average number of employees Average number of employees during the year was 7 (2025 : 6).

Tangible fixed assets

Cost or valuation	Plant and Machinery	Motor Vehicles	Fixtures and Fittings	Computer Equipment	Total
	£	£	£	£	£
At 01 March 2025	78,016	71,280	8,000	5,990	163,286
Additions	-	22,445	-	412	22,857
Disposals	-	-	-	-	-
At 28 February 2026	78,016	93,725	8,000	6,402	186,143
Depreciation
At 01 March 2025	45,310	52,799	1,000	1,997	101,106
Charge for year	17,173	13,947	1,000	2,134	34,254
On disposals	-	-	-	-	-
At 28 February 2026	62,483	66,746	2,000	4,131	135,360
Net book values
Closing balance as at 28 February 2026	15,533	26,979	6,000	2,271	50,783
Opening balance as at 01 March 2025	32,706	18,481	7,000	3,993	62,180

The net book value of Motor Vehicles includes £ 17,704 in respect of assets leased under finance leases or hire purchase contracts.

Stocks

	2026 £		2025 £
Stocks	120,000		35,000
	120,000		35,000

Debtors: amounts falling due within one year

	2026 £	2025 £
Trade Debtors	262,108	264,447
Prepayments & Accrued Income	41,886	106,745
Other Debtors	9,563	7,574
	313,557	378,766

Creditors: amount falling due within one year

	2026 £	2025 £
Trade Creditors	47,524	98,232
Amounts Owed to Group Undertakings	331,000	20,000
Corporation Tax	64,441	57,751
PAYE & Social Security	7,545	4,112
Accrued Expenses	2,600	2,500
Other Creditors	759	566
Obligations under HP/Financial Leases	13,459	12,589
Directors' Current Accounts	1,845	36,498
VAT	52,531	37,749
	521,704	269,997

Creditors: amount falling due after more than one year

	2026 £		2025 £
Obligations Under HP/Financial Leases	15,920		9,134
	15,920		9,134

Provisions for liabilities

	2026 £		2025 £
Deferred Tax	12,696		0
	12,696		0

Ultimate Controlling Party

The company is a subsidiary of NLTS UK Group Holdings Ltd, a company incorporated in England, which is the company’s immediate and ultimate parent undertaking. The consolidated financial statements of NLTS UK Group Holdings Ltd are available from its registered office at Unit 8 (gf) Magellan Terrace, Gatwick Road, Gatwick, RH10 9PJ.

Registered Number: 13196351
England and Wales
NLTS UK LTD

Unaudited Financial Statements

Period of accounts Start date: 01 March 2025 End date: 28 February 2026