REGISTERED NUMBER: 03763277 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2026

FOR

LYONS SCHOOL SHOP LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P O Beresford

D C Beresford

REGISTERED OFFICE:

55 Loudoun Road

St John's Wood

London

NW8 0DL

REGISTERED NUMBER:

03763277 (England and Wales)

ACCOUNTANTS:

mgr SD Limited

Chartered Accountants

55 Loudoun Road

St John's Wood

London

NW8 0DL

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

126,343

143,353

126,343

143,353

CURRENT ASSETS

Stocks

1,318,360

1,197,125

Debtors

6

301,175

319,482

Cash at bank and in hand

2,333,022

3,276,501

3,952,557

4,793,108

CREDITORS

Amounts falling due within one year

7

(957,510

)

(592,987

)

NET CURRENT ASSETS

2,995,047

4,200,121

TOTAL ASSETS LESS CURRENT LIABILITIES

3,121,390

4,343,474

CREDITORS

Amounts falling due after more than one year

8

(25,936

)

(47,156

)

PROVISIONS FOR LIABILITIES

11

(17,415

)

(20,753

)

NET ASSETS

3,078,039

4,275,565

CAPITAL AND RESERVES

Called up share capital

12

300

1,000

Capital redemption reserve

13

700

-

Retained earnings

13

3,077,039

4,274,565

SHAREHOLDERS' FUNDS

3,078,039

4,275,565

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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.

The financial statements were approved by the Board of Directors and authorised for issue on 29 May 2026 and were signed on its behalf by:

P O Beresford - Director

1.	STATUTORY INFORMATION

Lyons School Shop Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2013, has been amortised evenly over its estimated useful life of 5 years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Leasehold property

-

evenly over the period of the lease

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 86 (2025 - 86 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 March 2025

and 28 February 2026

545,000

AMORTISATION

At 1 March 2025

and 28 February 2026

545,000

NET BOOK VALUE

At 28 February 2026

-

At 28 February 2025

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Leasehold

and

Motor

Computer

property

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 March 2025

90,983

482,977

140,001

137,742

851,703

Additions

-

19,532

-

4,237

23,769

At 28 February 2026

90,983

502,509

140,001

141,979

875,472

DEPRECIATION

At 1 March 2025

90,983

417,267

77,203

122,897

708,350

Charge for year

-

17,428

18,580

4,771

40,779

At 28 February 2026

90,983

434,695

95,783

127,668

749,129

NET BOOK VALUE

At 28 February 2026

-

67,814

44,218

14,311

126,343

At 28 February 2025

-

65,710

62,798

14,845

143,353

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 March 2025

and 28 February 2026

90,535

DEPRECIATION

At 1 March 2025

37,218

Charge for year

16,210

At 28 February 2026

53,428

NET BOOK VALUE

At 28 February 2026

37,107

At 28 February 2025

53,317

6.

DEBTORS

28.2.26

28.2.25

£

£

Amounts falling due within one year:

Amounts owed by related parties

175,392

233,792

Other debtors

83,783

43,690

259,175

277,482

28.2.26

28.2.25

£

£

Amounts falling due after more than one year:

Amounts owed by related parties

42,000

42,000

Aggregate amounts

301,175

319,482

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.26

28.2.25

£

£

Hire purchase contracts (see note 9)

20,820

10,000

Trade creditors

557,626

230,005

Amounts owed to related parties

17,000

-

Taxation and social security

195,214

193,986

Other creditors

166,850

158,996

957,510

592,987

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28.2.26

28.2.25

£

£

Hire purchase contracts (see note 9)

25,936

47,156

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

28.2.26

28.2.25

£

£

Net obligations repayable:

Within one year

20,820

10,000

Between one and five years

25,936

47,156

46,756

57,156

Non-cancellable

operating leases

28.2.26

28.2.25

£

£

Within one year

375,000

375,000

Between one and five years

387,500

762,500

762,500

1,137,500

10.	SECURED DEBTS

The following secured debts are included within creditors:

28.2.26

28.2.25

£

£

Hire purchase contracts

46,756

57,156

HP liabilities are secured against the assets they relate to.

11.	PROVISIONS FOR LIABILITIES

28.2.26

28.2.25

£

£

Deferred tax

17,415

20,753

Deferred

tax

£

Balance at 1 March 2025

20,753

Provided during year

(3,338

)

Balance at 28 February 2026

17,415

12.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

28.2.26

28.2.25

value:

£

£

280

Ordinary

£1

280

1,000

(28.2.25 - 1,000 )

20

Ordinary A

£1

20

-

300

1,000

On 24 July 2025, 20 Ordinary shares of £1 each were reclassified as 20 Ordinary A shares of £1 each.

13.

RESERVES

Capital

Retained

redemption

earnings

reserve

Totals

£

£

£

At 1 March 2025

4,274,565

-

4,274,565

Profit for the year

457,274

457,274

Dividends

(154,800

)

(154,800

)

Purchase of own shares

(1,500,000

)

700

(1,499,300

)

At 28 February 2026

3,077,039

700

3,077,739

On 28 March 2025, the company purchased 700 of its own Ordinary shares of £1 each for a total consideration of £1,500,000.

14.	PENSION COMMITMENTS

The company makes payments to a defined contribution scheme on behalf of the directors and employees.

Amounts charged to the profit and loss account were £34,925 for the year (2025: £31,479). The amounts

outstanding as at the balance sheet date were £4,296 (2025: £Nil).

15.	RELATED PARTY DISCLOSURES