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Company No: 00150264 (England and Wales)

# LANTEX MANUFACTURING COMPANY LIMITED

### UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 28 FEBRUARY 2026
PAGES FOR FILING WITH THE REGISTRAR

LANTEX MANUFACTURING COMPANY LIMITED

## UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 28 FEBRUARY 2026

Contents

LANTEX MANUFACTURING COMPANY LIMITED

## COMPANY INFORMATION

FOR THE FINANCIAL YEAR ENDED 28 FEBRUARY 2026
LANTEX MANUFACTURING COMPANY LIMITED

## COMPANY INFORMATION (continued)

FOR THE FINANCIAL YEAR ENDED 28 FEBRUARY 2026

DIRECTORS | Mr D Hardman (Appointed 07 April 2025)
| Mr S J Lee (Appointed 31 March 2026)
| Mr J T Parker

REGISTERED OFFICE | Oxford Court
| Oxford Street
| Accrington
| BB5 1GR
| United Kingdom

COMPANY NUMBER | 00150264 (England and Wales)

CHARTERED ACCOUNTANTS | PM+M Solutions for Business LLP
| New Century House
| Greenbank Technology Park
| Challenge Way
| Blackburn
| BB1 5QB

LANTEX MANUFACTURING COMPANY LIMITED

## BALANCE SHEET

AS AT 28 FEBRUARY 2026
LANTEX MANUFACTURING COMPANY LIMITED

## BALANCE SHEET (continued)

AS AT 28 FEBRUARY 2026

| Note | 2026 |  | 2025
|  | £ |  | £
Fixed assets |  |  |  |
Intangible assets | 4 | 15,960 |  | 16,320
Tangible assets | 5 | 13,260 |  | 6,047
|  | 29,220 |  | 22,367
Current assets |  |  |  |
Stocks | 6 | 186,887 |  | 277,049
Debtors | 7 | 237,685 |  | 237,655
Cash at bank and in hand |  | 333,064 |  | 166,282
|  | 757,636 |  | 680,986
Creditors: amounts falling due within one year | 8 | ( 263,542) |  | ( 246,356)
Net current assets |  | 494,094 |  | 434,630
Total assets less current liabilities |  | 523,314 |  | 456,997
Creditors: amounts falling due after more than one year | 9 | 0 |  | ( 3,380)
Net assets |  | 523,314 |  | 453,617
Capital and reserves |  |  |  |
Called-up share capital |  | 13,042 |  | 13,042
Share premium account |  | 450 |  | 450
Capital redemption reserve |  | 500 |  | 500
Profit and loss account |  | 509,322 |  | 439,625
Total shareholder's funds |  | 523,314 |  | 453,617

For the financial year ending 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 member has not required the Company to obtain an audit of its financial statements for the financial year 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 financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Lantex Manufacturing Company Limited (registered number: 00150264) were approved and authorised for issue by the Board of Directors on 10 June 2026. They were signed on its behalf by:

Mr S J Lee Director |

LANTEX MANUFACTURING COMPANY LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 28 FEBRUARY 2026
LANTEX MANUFACTURING COMPANY LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 28 FEBRUARY 2026

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Lantex Manufacturing Company Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Oxford Court, Oxford Street, Accrington, BB5 1GR, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

##### Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.
Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

##### Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

##### Taxation

Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

##### Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Computer software | not amortised
Trademarks, patents and licences | 10 years straight line

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery | 5 years straight line
Fixtures and fittings | 10 years straight line
Office equipment | 5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

##### Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

##### Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
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 Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

##### Government grants

Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised 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.

##### Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).
When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

#### 2. Critical accounting judgements and key sources of estimation uncertainty

In the application of the Company’s accounting policies, which are described in note 1, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the financial year in which the estimate is revised if the revision affects only that financial year, or in the financial year of the revision and future financial years if the revision affects both current and future financial years.
The directors do not consider that any critical judgements have been made in the application of the Company's accounting policies and no key sources of estimation uncertainty have been identified that have a significant risk of causing a material misstatement to the carrying amount of assets and liabilities within the financial year.

#### 3. Employees

| 2026 |  | 2025
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 27 |  | 30

#### 4. Intangible assets

| Computer software |  | Trademarks, patents and licences |  | Total
| £ |  | £ |  | £
Cost |  |  |  |  |
At 01 March 2025 | 15,600 |  | 3,600 |  | 19,200
At 28 February 2026 | 15,600 |  | 3,600 |  | 19,200
Accumulated amortisation |  |  |  |  |
At 01 March 2025 | 0 |  | 2,880 |  | 2,880
Charge for the financial year | 0 |  | 360 |  | 360
At 28 February 2026 | 0 |  | 3,240 |  | 3,240
Net book value |  |  |  |  |
At 28 February 2026 | 15,600 |  | 360 |  | 15,960
At 28 February 2025 | 15,600 |  | 720 |  | 16,320

Included within intangible assets are costs capitalised in relation to website development which are not yet complete and therefore not yet available for use at the balance sheet date. These assets will begin to be amortised over their useful economic lives once they are brought into use.

#### 5. Tangible assets

| Plant and machinery |  | Fixtures and fittings |  | Office equipment |  | Total
| £ |  | £ |  | £ |  | £
Cost |  |  |  |  |  |  |
At 01 March 2025 | 132,360 |  | 42,363 |  | 33,294 |  | 208,017
Additions | 7,909 |  | 258 |  | 1,374 |  | 9,541
At 28 February 2026 | 140,269 |  | 42,621 |  | 34,668 |  | 217,558
Accumulated depreciation |  |  |  |  |  |  |
At 01 March 2025 | 127,573 |  | 42,168 |  | 32,229 |  | 201,970
Charge for the financial year | 1,784 |  | 204 |  | 340 |  | 2,328
At 28 February 2026 | 129,357 |  | 42,372 |  | 32,569 |  | 204,298
Net book value |  |  |  |  |  |  |
At 28 February 2026 | 10,912 |  | 249 |  | 2,099 |  | 13,260
At 28 February 2025 | 4,787 |  | 195 |  | 1,065 |  | 6,047

#### 6. Stocks

| 2026 |  | 2025
| £ |  | £
Stocks | 186,887 |  | 277,049

#### 7. Debtors

| 2026 |  | 2025
| £ |  | £
Trade debtors | 174,377 |  | 162,452
Amounts owed by Parent undertakings | 46,290 |  | 44,904
Prepayments | 8,228 |  | 19,650
Other debtors | 8,790 |  | 10,649
| 237,685 |  | 237,655

#### 8. Creditors: amounts falling due within one year

| 2026 |  | 2025
| £ |  | £
Bank loans | 3,335 |  | 10,000
Trade creditors | 140,451 |  | 166,593
Accruals | 62,279 |  | 63,125
Taxation and social security | 54,684 |  | 0
Other creditors | 2,793 |  | 6,638
| 263,542 |  | 246,356

There are no amounts included above in respect of which any security has been given by the small entity.

#### 9. Creditors: amounts falling due after more than one year

| 2026 |  | 2025
| £ |  | £
Bank loans | 0 |  | 3,380

There are no amounts included above in respect of which any security has been given by the small entity.

#### 10. Related party transactions

Transactions with owners holding a participating interest in the entity

Included within debtors is an amount due from the parent company of £46,290 (2025: £44,904). This amount is interest free and repayable on demand.

#### 11. Ultimate controlling party

Parent Company:

Lantex Holdings Limited
Oxford Court, Oxford Street, Accrington, Lancashire, England, BB5 1GR