100 true false false false true true false false false false false false true false false true No description of principal activity 2024-10-01 Sage Accounts Production Advanced 2025 - FRS102_2025 10 25 682,334 682,334 1,005,015 1,005,015 1,005,015 193,595 56,601 136,994 1 20 23 xbrli:pure xbrli:shares iso4217:GBP 09343354 2024-10-01 2025-09-30 09343354 2025-09-30 09343354 2024-09-30 09343354 2023-10-01 2024-09-30 09343354 2024-09-30 09343354 2023-09-30 09343354 bus:Consolidated 2024-10-01 2025-09-30 09343354 bus:Consolidated core:Subsidiary1 2024-10-01 2025-09-30 09343354 bus:Consolidated core:Subsidiary2 2024-10-01 2025-09-30 09343354 bus:Consolidated core:Subsidiary3 2024-10-01 2025-09-30 09343354 bus:Consolidated core:Subsidiary4 2024-10-01 2025-09-30 09343354 core:FurnitureFittings 2024-10-01 2025-09-30 09343354 bus:Consolidated core:FurnitureFittings 2024-10-01 2025-09-30 09343354 core:MotorVehicles 2024-10-01 2025-09-30 09343354 bus:Consolidated core:MotorVehicles 2024-10-01 2025-09-30 09343354 core:NetGoodwill 2024-10-01 2025-09-30 09343354 bus:Consolidated core:NetGoodwill 2024-10-01 2025-09-30 09343354 bus:RegisteredOffice 2024-10-01 2025-09-30 09343354 bus:OrdinaryShareClass1 2024-10-01 2025-09-30 09343354 bus:Consolidated bus:OrdinaryShareClass1 2024-10-01 2025-09-30 09343354 bus:LeadAgentIfApplicable 2024-10-01 2025-09-30 09343354 bus:Consolidated bus:LeadAgentIfApplicable 2024-10-01 2025-09-30 09343354 bus:Director3 2024-10-01 2025-09-30 09343354 bus:Director4 2024-10-01 2025-09-30 09343354 bus:Director5 2024-10-01 2025-09-30 09343354 bus:Consolidated 2025-09-30 09343354 bus:Consolidated core:WithinOneYear 2025-09-30 09343354 bus:Consolidated core:WithinOneYear 2024-09-30 09343354 core:AfterOneYear bus:Consolidated 2025-09-30 09343354 core:AfterOneYear bus:Consolidated 2024-09-30 09343354 bus:Consolidated core:NetGoodwill 2025-09-30 09343354 bus:Consolidated core:LandBuildings 2024-09-30 09343354 bus:Consolidated core:PlantMachinery 2024-09-30 09343354 bus:Consolidated core:FurnitureFittings 2024-09-30 09343354 bus:Consolidated core:MotorVehicles 2024-09-30 09343354 bus:Consolidated 2024-09-30 09343354 bus:Consolidated core:LandBuildings 2025-09-30 09343354 bus:Consolidated core:PlantMachinery 2025-09-30 09343354 bus:Consolidated core:FurnitureFittings 2025-09-30 09343354 bus:Consolidated core:MotorVehicles 2025-09-30 09343354 bus:Consolidated core:DeferredTaxation 2024-10-01 2025-09-30 09343354 bus:Consolidated core:LandBuildings 2024-10-01 2025-09-30 09343354 bus:Consolidated core:PlantMachinery 2024-10-01 2025-09-30 09343354 bus:Consolidated 2023-10-01 2024-09-30 09343354 bus:Consolidated 2024-09-30 09343354 bus:Consolidated core:ShareCapital 2023-10-01 2024-09-30 09343354 bus:Consolidated core:RevaluationReserve 2023-10-01 2024-09-30 09343354 core:CapitalRedemptionReserve bus:Consolidated 2023-10-01 2024-09-30 09343354 bus:Consolidated core:RetainedEarningsAccumulatedLosses 2023-10-01 2024-09-30 09343354 bus:Consolidated core:ShareCapital 2024-10-01 2025-09-30 09343354 bus:Consolidated core:RevaluationReserve 2024-10-01 2025-09-30 09343354 core:CapitalRedemptionReserve bus:Consolidated 2024-10-01 2025-09-30 09343354 bus:Consolidated core:RetainedEarningsAccumulatedLosses 2024-10-01 2025-09-30 09343354 core:ShareCapital 2023-10-01 2024-09-30 09343354 core:CapitalRedemptionReserve 2023-10-01 2024-09-30 09343354 core:RetainedEarningsAccumulatedLosses 2023-10-01 2024-09-30 09343354 core:ShareCapital 2024-10-01 2025-09-30 09343354 core:CapitalRedemptionReserve 2024-10-01 2025-09-30 09343354 core:RetainedEarningsAccumulatedLosses 2024-10-01 2025-09-30 09343354 bus:Consolidated core:UKTax 2024-10-01 2025-09-30 09343354 bus:Consolidated core:UKTax 2023-10-01 2024-09-30 09343354 bus:AllOrdinaryShares bus:Consolidated 2024-10-01 2025-09-30 09343354 bus:AllOrdinaryShares bus:Consolidated 2023-10-01 2024-09-30 09343354 bus:Consolidated core:ShareCapital 2025-09-30 09343354 bus:Consolidated core:ShareCapital 2024-09-30 09343354 bus:Consolidated core:RevaluationReserve 2025-09-30 09343354 bus:Consolidated core:RevaluationReserve 2024-09-30 09343354 core:CapitalRedemptionReserve bus:Consolidated 2025-09-30 09343354 core:CapitalRedemptionReserve bus:Consolidated 2024-09-30 09343354 bus:Consolidated core:RetainedEarningsAccumulatedLosses 2025-09-30 09343354 bus:Consolidated core:RetainedEarningsAccumulatedLosses 2024-09-30 09343354 core:ShareCapital 2025-09-30 09343354 core:ShareCapital 2024-09-30 09343354 core:CapitalRedemptionReserve 2025-09-30 09343354 core:CapitalRedemptionReserve 2024-09-30 09343354 core:RetainedEarningsAccumulatedLosses 2025-09-30 09343354 core:RetainedEarningsAccumulatedLosses 2024-09-30 09343354 bus:Consolidated core:ShareCapital 2023-09-30 09343354 core:CapitalRedemptionReserve bus:Consolidated 2023-09-30 09343354 bus:Consolidated core:RetainedEarningsAccumulatedLosses 2023-09-30 09343354 bus:Consolidated 2023-09-30 09343354 core:ShareCapital 2023-09-30 09343354 core:CapitalRedemptionReserve 2023-09-30 09343354 core:RetainedEarningsAccumulatedLosses 2023-09-30 09343354 core:BetweenOneFiveYears bus:Consolidated 2025-09-30 09343354 core:BetweenOneFiveYears bus:Consolidated 2024-09-30 09343354 bus:Consolidated core:FinancialLiabilitiesAmortisedCost 2025-09-30 09343354 bus:Consolidated core:FinancialLiabilitiesAmortisedCost 2024-09-30 09343354 core:CostValuation core:Non-currentFinancialInstruments 2025-09-30 09343354 core:Non-currentFinancialInstruments 2025-09-30 09343354 core:Non-currentFinancialInstruments 2024-09-30 09343354 core:AcceleratedTaxDepreciationDeferredTax bus:Consolidated 2025-09-30 09343354 core:AcceleratedTaxDepreciationDeferredTax bus:Consolidated 2024-09-30 09343354 bus:Consolidated core:RevaluationPropertyPlantEquipmentDeferredTax 2025-09-30 09343354 bus:Consolidated core:RevaluationPropertyPlantEquipmentDeferredTax 2024-09-30 09343354 bus:Consolidated core:LandBuildings 2024-09-30 09343354 bus:Consolidated core:PlantMachinery 2024-09-30 09343354 bus:Consolidated core:FurnitureFittings 2024-09-30 09343354 bus:Consolidated core:MotorVehicles 2024-09-30 09343354 bus:Consolidated core:DeferredTaxation 2024-09-30 09343354 bus:Consolidated core:DeferredTaxation 2025-09-30 09343354 bus:Director1 2024-10-01 2025-09-30 09343354 bus:MediumEntities 2024-10-01 2025-09-30 09343354 bus:Audited 2024-10-01 2025-09-30 09343354 bus:Medium-sizedCompaniesRegimeForAccounts 2024-10-01 2025-09-30 09343354 bus:PrivateLimitedCompanyLtd 2024-10-01 2025-09-30 09343354 bus:FullAccounts 2024-10-01 2025-09-30 09343354 bus:OrdinaryShareClass1 2025-09-30 09343354 bus:Consolidated bus:OrdinaryShareClass1 2025-09-30 09343354 bus:OrdinaryShareClass1 2024-09-30 09343354 bus:Consolidated bus:OrdinaryShareClass1 2024-09-30 09343354 bus:Consolidated core:LandBuildings core:OwnedOrFreeholdAssets 2024-10-01 2025-09-30
COMPANY REGISTRATION NUMBER: 09343354
LTJMB Holdings Limited
Financial Statements
30 September 2025
LTJMB Holdings Limited
Financial Statements
Year ended 30 September 2025
Contents
Pages
Officers and professional advisers
1
Strategic report
2
Directors' report
3 to 4
Independent auditor's report to the members
5 to 8
Consolidated statement of comprehensive income
9
Consolidated statement of financial position
10
Company statement of financial position
11
Consolidated statement of changes in equity
12
Company statement of changes in equity
13
Consolidated statement of cash flows
14
Notes to the financial statements
15 to 26
LTJMB Holdings Limited
Officers and Professional Advisers
The board of directors
Mr P A Hayes
Mr J R Hutchinson
Mr R Webster
Registered office
Unit 1
Borders Industrial Park
River Lane
Saltney
Chester
Flintshire
CH4 8RJ
Auditor
TC Group
Statutory auditor
3B Swallowfield Courtyard
Wolverhampton Road
Oldbury
West Midlands
B69 2JG
LTJMB Holdings Limited
Strategic Report
Year ended 30 September 2025
The principal activity of the parent company was that of managing its subsidiary undertaking Geotechnics Limited. The main activity of the group throughout the period was the provision of specialist investigation, analytical and advisory services in geotechnical engineering, and geoenvironmental and allied disciplines. The directors are pleased with the performance of the group in the year. The subsidiary company has continued to perform well in current trading conditions. The directors consider the group's results for this period and the financial position at the year end to be satisfactory. The directors measure the group's financial performance against certain key performance indicators (KPIs). These KPIs include growth in turnover, gross profit margin, operating profit and statistical analysis, which are measured against break even levels. The directors are satisfied with the results achieved in the period. The directors continues to be optimistic about the group's long term future performance and remain focussed on continuing to maximise the business opportunities arising by exploiting its breadth of expertise. The group are committed to aligning with the UK's Net Zero target by 2050 and contributing to the Triple Carbon Pledge. Our Environmental Management System, accredited to ISO14001, ensures continuous improvement in reducing carbon emissions through initiatives to reduce impact of transport emissions, energy use and increasing use of low-carbon solutions along with transitioning to an electric fleet of vehicles. We have already made significant strides in reducing vehicle emissions through journey planning and vehicle sharing, and office energy consumption through LED lighting and insulation upgrades. Solar technology has been successfully used on site projects, proving our ability to deliver greener solutions for clients. With existing initiatives and clear future targets, we are committed to supporting the Triple Carbon Pledge and achieving our Science-Based Targets.
This report was approved by the board of directors on 12 May 2026 and signed on behalf of the board by:
Mr P A Hayes
Director
Registered office:
Unit 1
Borders Industrial Park
River Lane
Saltney
Chester
Flintshire
CH4 8RJ
LTJMB Holdings Limited
Directors' Report
Year ended 30 September 2025
The directors present their report and the financial statements of the group for the year ended 30 September 2025 .
Directors
The directors who served the company during the year were as follows:
Mr P A Hayes
Mr J R Hutchinson
Mr R Webster
Dividends
Particulars of recommended dividends are detailed in note 12 to the financial statements.
Future developments
The directors are confident about the future and the continued success of the group. They expect that the group will continue to be profitable with the level of turnover increasing.
Research and development
The group has been involved with the development of in situ testing techniques which have required research into new procedures, processes, and methodologies. The group is also actively involved in geotechnical project management software development, and these activities together constitute research and development.
Disclosure of information in the strategic report
The strategic report is detailed on page 2 of the financial statements.
Directors' responsibilities statement
The directors are responsible for preparing the strategic report, directors' report and 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 (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the group and the company and the profit or loss of the group for that period. In preparing these financial statements, the directors are required to: - select suitable accounting policies and then apply them consistently; - make judgments and accounting estimates that are reasonable and prudent; - 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 adequate accounting records that are sufficient to show and explain the company's transactions and 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. They 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. Auditor
Each of the persons who is a director at the date of approval of this report confirms that:
- so far as they are aware, there is no relevant audit information of which the group and the company's auditor is unaware; and - they have taken all steps that they ought to have taken as a director to make themselves aware of any relevant audit information and to establish that the group and the company's auditor is aware of that information. A resolution to reappoint TC Group as auditors will be proposed at the forthcoming Annual General Meeting.
This report was approved by the board of directors on 12 May 2026 and signed on behalf of the board by:
Mr P A Hayes
Director
Registered office:
Unit 1
Borders Industrial Park
River Lane
Saltney
Chester
Flintshire
CH4 8RJ
LTJMB Holdings Limited
Independent Auditor's Report to the Members of LTJMB Holdings Limited
Year ended 30 September 2025
Opinion
We have audited the financial statements of LTJMB Holdings Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 30 September 2025 which comprise the consolidated statement of comprehensive income, the consolidated balance sheet, company balance sheet, consolidated statement of changes in equity, company statement of changes in equity, consolidated statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements: - give a true and fair view of the state of the group's and the parent company's affairs as at 30 September 2025 and the group's profit for the year then ended; - have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and - have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's or the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
Other information
The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of of this other information, we are required to report that fact. We have nothing to report in this regard.
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of our audit:
- the information given in the directors’ report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the directors’ report has been prepared in accordance with applicable legal requirements.
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the directors’ report. We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion: - adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or - the financial statements are not in agreement with the accounting records and returns; or - certain disclosures of directors’ remuneration specified by law are not made; or - we have not received all the information and explanations we require for our audit; or - the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemption in preparing the directors’ report and take advantage of the small companies exemption from the requirement to prepare a strategic report.
Responsibilities of directors
As explained more fully in the directors' responsibilities statement, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the directors are responsible for assessing the group's and the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the group or the parent company or to cease operations, or have no realistic alternative but to do so.
Auditor's responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below. Extent to which the audit was considered capable of detecting irregularities, including fraud Extent to which the audit was considered capable of detecting irregularities, including fraud The objectives of our audit, in respect to fraud, are: to identify and assess the risks of material misstatement of the financial statements due to fraud; to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud, through designing and implementing appropriate responses; and to respond appropriately to fraud or suspected fraud identified during the audit. However, the primary responsibility for the prevention and detection of fraud rests with both those charged with governance of the entity and its management. Our approach was as follows: - We identified areas of laws and regulations that could reasonably be expected to have a material effect on the financial statements from our general commercial and sector experience, and through discussion with the directors and other management (as required by auditing standards), and discussed with the directors and other management the policies and procedures regarding compliance with laws and regulations; - We considered the legal and regulatory frameworks directly applicable to the financial statements reporting framework (FRS 102 and the Companies Act 2006) and the relevant tax compliance regulations in the UK; - We considered the nature of the industry, the control environment and business performance, including the key drivers for management’s remuneration; - We communicated identified laws and regulations throughout our team and remained alert to any indications of non-compliance throughout the audit; - We considered the procedures and controls that the company has established to address risks identified, or that otherwise prevent, deter and detect fraud; and how senior management monitors those programmes and controls. Based on this understanding we designed our audit procedures to identify non-compliance with such laws and regulations. Where the risk was considered to be higher, we performed audit procedures to address each identified fraud risk. These procedures included: testing manual journals; reviewing the financial statement disclosures and testing to supporting documentation; performing analytical procedures; and enquiring of management, and were designed to provide reasonable assurance that the financial statements were free from fraud or error. Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, the further removed non-compliance with laws and regulations (irregularities) is from the events and transactions reflected in the financial statements, the less likely the inherently limited procedures required by auditing standards would identify it. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations. A further description of our responsibilities is available on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report. Use of our report
This report is made solely to the company's members, as a body, in accordance with chapter 3 of part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.
Philippa Miller-Hawkes BA CA
(Senior Statutory Auditor)
For and on behalf of
TC Group
Statutory auditor
3B Swallowfield Courtyard
Wolverhampton Road
Oldbury
West Midlands
B69 2JG
12 May 2026
LTJMB Holdings Limited
Consolidated Statement of Comprehensive Income
Year ended 30 September 2025
2025
2024
Note
£
£
Turnover
4
15,230,521
11,118,127
Cost of sales
10,638,284
7,751,414
-------------
-------------
Gross profit
4,592,237
3,366,713
Administrative expenses
2,804,494
2,483,804
Other operating income
5
9,963
10,490
------------
------------
Operating profit
6
1,797,706
893,399
Other interest receivable and similar income
9
42,593
27,953
Interest payable and similar expenses
10
28,811
36,393
------------
------------
Profit before taxation
1,811,488
884,959
Tax on profit
11
350,923
228,243
------------
---------
Profit for the financial year
1,460,565
656,716
------------
---------
Revaluation of tangible assets
50,950
345,744
------------
------------
Total comprehensive income for the year
1,511,515
1,002,460
------------
------------
All the activities of the group are from continuing operations.
LTJMB Holdings Limited
Consolidated Statement of Financial Position
30 September 2025
2025
2024
Note
£
£
Fixed assets
Tangible assets
14
1,010,767
1,074,774
Current assets
Debtors
16
3,483,584
3,324,130
Cash at bank and in hand
3,375,751
1,903,365
------------
------------
6,859,335
5,227,495
Creditors: amounts falling due within one year
17
3,288,453
2,689,431
------------
------------
Net current assets
3,570,882
2,538,064
------------
------------
Total assets less current liabilities
4,581,649
3,612,838
Creditors: amounts falling due after more than one year
18
176,657
290,229
Provisions
Taxation including deferred tax
20
136,994
193,595
------------
------------
Net assets
4,267,998
3,129,014
------------
------------
Capital and reserves
Called up share capital
25
20
23
Revaluation reserve
26
396,694
345,744
Capital redemption reserve
26
80
77
Profit and loss account
26
3,871,204
2,783,170
------------
------------
Shareholders funds
4,267,998
3,129,014
------------
------------
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the medium companies regime.
These financial statements were approved by the board of directors and authorised for issue on 12 May 2026 , and are signed on behalf of the board by:
Mr P A Hayes
Director
Company registration number: 09343354
LTJMB Holdings Limited
Company Statement of Financial Position
30 September 2025
2025
2024
Note
£
£
Fixed assets
Investments
15
1,005,015
1,005,015
------------
------------
Total assets less current liabilities
1,005,015
1,005,015
------------
------------
Capital and reserves
Called up share capital
25
20
23
Capital redemption reserve
26
80
77
Profit and loss account
26
1,004,915
1,004,915
------------
------------
Shareholders funds
1,005,015
1,005,015
------------
------------
The profit for the financial year of the parent company was £ 372,531 (2024: £ 358,056 ).
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the medium companies regime.
These financial statements were approved by the board of directors and authorised for issue on 12 May 2026 , and are signed on behalf of the board by:
Mr P A Hayes
Director
Company registration number: 09343354
LTJMB Holdings Limited
Consolidated Statement of Changes in Equity
Year ended 30 September 2025
Called up share capital
Revaluation reserve
Capital redemption reserve
Profit and loss account
Total
Note
£
£
£
£
£
At 1 October 2023
26
–
74
2,484,510
2,484,610
Profit for the year
656,716
656,716
Other comprehensive income for the year:
Revaluation of tangible assets
14
–
345,744
–
–
345,744
----
---------
----
------------
------------
Total comprehensive income for the year
–
345,744
–
656,716
1,002,460
Dividends paid and payable
12
–
–
–
( 106,971)
( 106,971)
Redemption of shares
( 3)
–
3
( 251,085)
( 251,085)
----
---------
----
------------
------------
Total investments by and distributions to owners
( 3)
–
3
( 358,056)
( 358,056)
At 30 September 2024
23
345,744
77
2,783,170
3,129,014
Profit for the year
1,460,565
1,460,565
Other comprehensive income for the year:
Revaluation of tangible assets
14
–
50,950
–
–
50,950
----
---------
----
------------
------------
Total comprehensive income for the year
–
50,950
–
1,460,565
1,511,515
Dividends paid and payable
12
–
–
–
( 121,446)
( 121,446)
Redemption of shares
( 3)
–
3
( 251,085)
( 251,085)
----
----
----
---------
---------
Total investments by and distributions to owners
( 3)
–
3
( 372,531)
( 372,531)
----
---------
----
------------
------------
At 30 September 2025
20
396,694
80
3,871,204
4,267,998
----
---------
----
------------
------------
LTJMB Holdings Limited
Company Statement of Changes in Equity
Year ended 30 September 2025
Called up share capital
Capital redemption reserve
Profit and loss account
Total
£
£
£
£
At 1 October 2023
26
74
1,004,915
1,005,015
Profit for the year
358,056
358,056
----
----
------------
------------
Total comprehensive income for the year
–
–
358,056
358,056
Dividends paid and payable
12
–
–
( 106,971)
( 106,971)
Redemption of shares
( 3)
3
( 251,085)
( 251,085)
----
----
------------
------------
Total investments by and distributions to owners
( 3)
3
( 358,056)
( 358,056)
At 30 September 2024
23
77
1,004,915
1,005,015
Profit for the year
372,531
372,531
----
----
------------
------------
Total comprehensive income for the year
–
–
372,531
372,531
Dividends paid and payable
12
–
–
( 121,446)
( 121,446)
Redemption of shares
( 3)
3
( 251,085)
( 251,085)
----
----
---------
---------
Total investments by and distributions to owners
( 3)
3
( 372,531)
( 372,531)
----
----
------------
------------
At 30 September 2025
20
80
1,004,915
1,005,015
----
----
------------
------------
LTJMB Holdings Limited
Consolidated Statement of Cash Flows
Year ended 30 September 2025
2025
2024
£
£
Cash flows from operating activities
Profit for the financial year
1,460,565
656,716
Adjustments for:
Depreciation of tangible assets
167,932
131,564
Government grant income
( 9,963)
( 9,342)
Other interest receivable and similar income
( 42,593)
( 27,953)
Interest payable and similar expenses
28,811
36,393
Gains on disposal of tangible assets
–
( 29,098)
Tax on profit
350,923
228,243
Accrued expenses/(income)
159,902
( 587,059)
Changes in:
Trade and other debtors
( 43,058)
( 155,584)
Trade and other creditors
84,650
622,811
------------
---------
Cash generated from operations
2,157,169
866,691
Interest paid
( 28,811)
( 36,393)
Interest received
42,593
27,953
Tax paid
( 94,443)
( 120,944)
------------
---------
Net cash from operating activities
2,076,508
737,307
------------
---------
Cash flows from investing activities
Purchase of tangible assets
( 103,925)
( 171,300)
Proceeds from sale of tangible assets
–
30,000
------------
---------
Net cash used in investing activities
( 103,925)
( 141,300)
------------
---------
Cash flows from financing activities
Purchase of own shares
( 251,085)
( 251,085)
Repayments of borrowings
( 120,950)
( 15,092)
Government grant income
9,963
9,342
Payments of finance lease liabilities
( 16,679)
63,598
Dividends paid
( 121,446)
( 106,971)
------------
---------
Net cash used in financing activities
( 500,197)
( 300,208)
------------
---------
Net increase in cash and cash equivalents
1,472,386
295,799
Cash and cash equivalents at beginning of year
1,903,365
1,607,566
------------
------------
Cash and cash equivalents at end of year
3,375,751
1,903,365
------------
------------
LTJMB Holdings Limited
Notes to the Financial Statements
Year ended 30 September 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The registered office is: Unit 1 Borders Industrial Park River Lane Saltney Chester Flintshire CH4 8RJ The principal activity of the group during the year was to provide specialist investigation, analytical and advisory services in geographical engineering, and geoenvironmental and allied disciplines.
2. Statement of compliance
These financial statements have been prepared in compliance with 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.
Disclosure exemptions
The parent company satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following reduced disclosures available under FRS 102: (a) Disclosures in respect of each class of share capital have not been presented. (b) No disclosure has been given for the aggregate remuneration of key management personnel.
Consolidation
The consolidated financial statements incorporate the financial statements of the company and all group undertakings. These are adjusted, where appropriate, to conform to group accounting policies. As a consolidated profit and loss account is published, a separate profit and loss account for the parent company is omitted from the group financial statements by virtue of section 408 of the Companies Act 2006.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
The turnover shown in the profit and loss account represents amounts invoiced in the year,exclusive of Value Added Tax, subject to the policy below with regard to ongoing project work at a period end. With regard to ongoing project work, management will assess at a period end the level of cost and work performed against an agreed scope of work with a client and then estimate an amount of accrued income based on the recoverability of costs incurred plus a margin. This represents an accounting estimate and is included in other debtors. Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that it is probable the expenses recognised will be recovered.
Income tax
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.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Negative Goodwill
-
In full on acquisition
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
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:
Freehold property
-
4% - 10% Straight line
Laboratory Equipment
-
10% - 25% Straight line
Tenant's improvements
-
10% straight line
Motor Vehicles
-
25% straight line
Office Equipment
-
25 % straight line
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
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.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
Defined contribution plans
The company makes contributions to a number of stakeholder defined contribution pension schemes, the assets of which are held separately from the assets of the company. The pension cost charge represents contributions payable to the schemes. The company's liability is limited to the amount of the contribution.
4. Turnover
Turnover arises from:
2025
2024
£
£
Rendering of services
15,230,521
11,118,127
-------------
-------------
The whole of the turnover is attributable to the principal activity of the group wholly undertaken in the United Kingdom.
5. Other operating income
2025
2024
£
£
Government grant income
9,963
9,342
Other operating income
–
1,148
-------
--------
9,963
10,490
-------
--------
6. Operating profit
Operating profit or loss is stated after charging/crediting:
2025
2024
£
£
Depreciation of tangible assets
167,932
131,564
Gains on disposal of tangible assets
–
( 29,098)
Auditors fee - audit of the financial statements
17,200
16,650
Auditors fee - other non audit costs
2,950
3,600
Operating lease rentals
344,740
329,463
---------
---------
7. Staff costs
The average number of persons employed by the group during the year, including the directors, amounted to:
2025
2024
No.
No.
Administrative staff
9
11
Engineers
72
64
Laboratory technicians
19
19
----
----
100
94
----
----
The aggregate payroll costs incurred during the year, relating to the above, were:
2025
2024
£
£
Wages and salaries
3,451,894
2,981,572
Social security costs
378,996
290,506
Other pension costs
194,125
211,635
------------
------------
4,025,015
3,483,713
------------
------------
8. Directors' remuneration
The directors' aggregate remuneration in respect of qualifying services was:
2025
2024
£
£
Remuneration
98,720
126,538
Excess retirement benefits of directors and past directors
89,995
116,322
---------
---------
188,715
242,860
---------
---------
The number of directors who accrued benefits under company pension plans was as follows:
2025
2024
No.
No.
Defined contribution plans
5
5
----
----
9. Other interest receivable and similar income
2025
2024
£
£
Interest on cash and cash equivalents
38,192
27,953
Other interest receivable and similar income
4,401
–
--------
--------
42,593
27,953
--------
--------
10. Interest payable and similar expenses
2025
2024
£
£
Interest on banks loans and overdrafts
16,760
23,748
Other interest payable and similar charges
12,051
12,645
--------
--------
28,811
36,393
--------
--------
11. Tax on profit
Major components of tax expense
2025
2024
£
£
Current tax:
UK current tax income
469,945
207,814
Adjustments in respect of prior periods
( 113,371)
–
---------
---------
Total current tax
356,574
207,814
---------
---------
Deferred tax:
Origination and reversal of timing differences
( 5,651)
20,429
---------
---------
Tax on profit
350,923
228,243
---------
---------
Reconciliation of tax expense
The tax assessed on the profit on ordinary activities for the year is lower than (2024: higher than) the standard rate of corporation tax in the UK of 25 % (2024: 25 %).
2025
2024
£
£
Profit on ordinary activities before taxation
1,811,488
884,959
------------
---------
Profit on ordinary activities by rate of tax
452,872
221,240
Adjustment to tax charge in respect of prior periods
(154,357)
–
Effect of expenses not deductible for tax purposes
1,458
7,004
Rounding on tax charge
–
( 1)
Deferred tax charge
50,950
–
------------
---------
Tax on profit
350,923
228,243
------------
---------
12. Dividends
2025
2024
£
£
Dividends paid during the year (excluding those for which a liability existed at the end of the prior year )
121,446
106,971
---------
---------
13. Intangible assets
Group
Goodwill
£
Cost
At 1 October 2024 and 30 September 2025
( 682,334)
---------
Amortisation
At 1 October 2024 and 30 September 2025
( 682,334)
---------
Carrying amount
At 1 October 2024 and 30 September 2025
–
---------
At 30 September 2024
–
---------
The company has no intangible assets.
14. Tangible assets
Group
Land and buildings
Plant and machinery
Fixtures and fittings
Motor vehicles
Equipment
Total
£
£
£
£
£
£
Cost
At 1 Oct 2024
919,374
215,767
158,831
141,765
807,603
2,243,340
Additions
21,642
5,848
41,353
–
35,082
103,925
Disposals
–
–
–
–
( 14,055)
( 14,055)
---------
---------
---------
---------
---------
------------
At 30 Sep 2025
941,016
221,615
200,184
141,765
828,630
2,333,210
---------
---------
---------
---------
---------
------------
Depreciation
At 1 Oct 2024
152,449
161,399
123,599
35,353
695,766
1,168,566
Charge for the year
44,266
28,029
13,420
33,347
48,870
167,932
Disposals
–
–
–
–
( 14,055)
( 14,055)
---------
---------
---------
---------
---------
------------
At 30 Sep 2025
196,715
189,428
137,019
68,700
730,581
1,322,443
---------
---------
---------
---------
---------
------------
Carrying amount
At 30 Sep 2025
744,301
32,187
63,165
73,065
98,049
1,010,767
---------
---------
---------
---------
---------
------------
At 30 Sep 2024
766,925
54,368
35,232
106,412
111,837
1,074,774
---------
---------
---------
---------
---------
------------
The company has no tangible assets.
Tangible assets held at valuation
The land and buildings were revalued in August 2024 by an independent valuer on behalf of Barclays. The directors consider that there has been no significant change to the value at the year end. The carrying amount that would have been recognised had the assets been carried under the cost model is £286,136.
15. Investments
The group has no investments.
Company
Shares in group undertakings
£
Cost
At 1 October 2024 and 30 September 2025
1,005,015
------------
Impairment
At 1 October 2024 and 30 September 2025
–
------------
Carrying amount
At 1 October 2024 and 30 September 2025
1,005,015
------------
At 30 September 2024
1,005,015
------------
Group investments
The parent and group own 100% of the issued ordinary share capital of all of the companies listed below. All companies are registered in England and Wales. The registered address for the following companies is The Geotechnical Centre 203 Torrington Avenue, Tile Hill, Coventry, West Midlands, CV4 9AP. The principal activity of Geotechnics Limited is to provide specialist investigation, analytical and advisory services in geographical engineering, and geoenvironmental and allied disciplines. The remaining companies are dormant.
Geotechnics Limited
Geotechnics Environmental Limited
Geotechnics Consulting Limited
Geotechnics Special Projects Limited
Subsidiaries, associates and other investments
Details of the investments in which the parent company has an interest of 20% or more are as follows:
Class of share
Percentage of shares held
Subsidiary undertakings
Geotechnics Limited
Ordinary
100
Geotechnics Special Projects Limited
Ordinary
100
Geotechnics Consultancy Limited
Ordinary
100
Geotechnics Enviromental Limited
Ordinary
100
16. Debtors
Group
Company
2025
2024
2025
2024
£
£
£
£
Trade debtors
2,147,895
2,082,918
–
–
Prepayments and accrued income
1,335,689
1,241,212
–
–
------------
------------
----
----
3,483,584
3,324,130
–
–
------------
------------
----
----
17. Creditors: amounts falling due within one year
Group
Company
2025
2024
2025
2024
£
£
£
£
Bank loans and overdrafts
27,202
36,045
–
–
Trade creditors
1,822,202
1,688,002
–
–
Accruals and deferred income
692,564
416,871
–
–
Corporation tax
469,945
207,814
–
–
Social security and other taxes
253,321
318,810
–
–
Obligations under finance leases and hire purchase contracts
23,219
21,889
–
–
------------
------------
----
----
3,288,453
2,689,431
–
–
------------
------------
----
----
The hire purchase contracts included above are secured over the company assets to which they relate.
18. Creditors: amounts falling due after more than one year
Group
Company
2025
2024
2025
2024
£
£
£
£
Bank loans and overdrafts
103,587
215,694
–
–
Accruals and deferred income
29,022
12,478
–
–
Obligations under finance leases and hire purchase contracts
44,048
62,057
–
–
---------
---------
----
----
176,657
290,229
–
–
---------
---------
----
----
The bank loans and overdrafts include an amount of Nil (2024: £Nil) which is due in more than five years. Interest on the loan is charged at 3.75% above Barclays Bank PLC base rate and is secured against the land and buildings of the company. The loan is repayable in instalments comprising of capital and interest. The hire purchase contracts included above are secured over the company assets to which they relate.
19. Finance leases and hire purchase contracts
The total future minimum lease payments under finance leases and hire purchase contracts are as follows:
Group
Company
2025
2024
2025
2024
£
£
£
£
Not later than 1 year
23,219
21,889
–
–
Later than 1 year and not later than 5 years
44,048
62,057
–
–
--------
--------
----
----
67,267
83,946
–
–
--------
--------
----
----
20. Provisions
Group
Deferred tax (note 21)
£
At 1 October 2024
193,595
Additions
( 56,601)
---------
At 30 September 2025
136,994
---------
The company does not have any provisions.
21. Deferred tax
The deferred tax included in the statement of financial position is as follows:
Group
Company
2025
2024
2025
2024
£
£
£
£
Included in provisions (note 20)
136,994
193,595
–
–
---------
---------
----
----
The deferred tax account consists of the tax effect of timing differences in respect of:
Group
Company
2025
2024
2025
2024
£
£
£
£
Accelerated capital allowances
72,696
78,347
–
–
Revaluation of tangible assets
64,298
115,248
–
–
---------
---------
----
----
136,994
193,595
–
–
---------
---------
----
----
22. Employee benefits
Defined contribution plans
The amount recognised in profit or loss as an expense in relation to defined contribution plans was £ 104,130 (2024: £ 95,313 ).
23. Government grants
The amounts recognised in the financial statements for government grants are as follows:
Group
Company
2025
2024
2025
2024
£
£
£
£
Recognised in creditors:
Deferred government grants due within one year
8,679
9,284
–
–
Deferred government grants due after more than one year
29,022
12,478
–
–
--------
--------
----
----
37,701
21,762
–
–
--------
--------
----
----
Recognised in other operating income:
Government grants recognised directly in income
9,963
9,342
–
–
-------
-------
----
----
24. Financial instruments
The carrying amount for each category of financial instrument is as follows:
Financial assets that are debt instruments measured at amortised cost
Group
2025
2024
£
£
Other debtors
3,483,584
3,167,662
------------
------------
Financial liabilities measured at amortised cost
Group
2025
2024
£
£
Bank loans and overdrafts
130,789
251,739
Trade creditors
1,822,202
1,688,002
------------
------------
1,952,991
1,939,741
------------
------------
25. Called up share capital
Issued, called up and fully paid
2025
2024
No.
£
No.
£
Ordinary shares of £ 1 each
20
20
23
23
----
----
----
----
26. Reserves
Profit and loss account - This reserve records retained earnings and accumulated losses. Revaluation reserve - This reserve records the value of asset revaluations and fair value movements on assets recognised in other comprehensive income. Capital redemption reserve - This reserve records the nominal value of shares repurchased by the company.
27. Analysis of changes in net debt
At 1 Oct 2024
Cash flows
At 30 Sep 2025
£
£
£
Cash at bank and in hand
1,903,365
1,472,386
3,375,751
Debt due within one year
(57,934)
7,513
(50,421)
Debt due after one year
(277,751)
130,116
(147,635)
------------
------------
------------
1,567,680
1,610,015
3,177,695
------------
------------
------------
LTJMB Holdings Limited
Notes to the Financial Statements (continued)
Year ended 30 September 2025
28. Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:
Group
Company
2025
2024
2025
2024
£
£
£
£
Not later than 1 year
341,537
294,452
–
–
Later than 1 year and not later than 5 years
732,044
491,929
–
–
------------
---------
----
----
1,073,581
786,381
–
–
------------
---------
----
----
29. Controlling party
The group was under the control of Mr P Hayes, Mr J Hutchinson and Mr R Webster during the current year and prior year.