Lainton Services Limited - Filleted accounts

Lainton Services Limited
Registered number:		02795624
Balance Sheet
as at 31 March 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	3		123,562			110,183

Current assets
Stocks and work in progress		477,329			500,961
Debtors	4	205,172			206,925
Cash at bank and in hand		1,891,362			1,721,904
		2,573,863			2,429,790

Creditors: amounts falling due within one year	5	(483,991)			(620,305)

			2,089,872			1,809,485

Total assets less current liabilities			2,213,434			1,919,668

Creditors: amounts falling due after more than one year	6		(18,382)			(17,438)

Provisions for liabilities			(30,382)			(27,335)


Net assets			2,164,670			1,874,895

Capital and reserves
Called up share capital			100			100
Profit and loss account			2,164,570			1,874,795

Shareholders' funds			2,164,670			1,874,895

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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.
The accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Anthony Lainton
Director
Approved by the board on 15 June 2026

Lainton Services Limited
Notes to the Accounts
for the year ended 31 March 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102 1A, The Financial Reporting Standard applicable in the UK and Republic of Ireland.

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from installations. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from installations is recognised by reference to the stage of completion of the contract.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:


	Plant. Machinery and fixtures			20 - 25% reducing balance
	Motor vehicles			25% reducing balance

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (i.e. liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2026		2025
Number							Number

	Average number of persons employed by the company					23		21


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 April 2025	-		34,553		225,082		259,635
	Additions	13,544		-		32,445		45,989
	At 31 March 2026	13,544		34,553		257,527		305,624

	Depreciation
	At 1 April 2025	-		18,400		131,052		149,452
	Charge for the year	3,043		4,038		25,529		32,610
	At 31 March 2026	3,043		22,438		156,581		182,062

	Net book value
	At 31 March 2026	10,501		12,115		100,946		123,562
	At 31 March 2025	-		16,153		94,030		110,183


	Net book value of assets held under hire purchase agreements £54671 (2025: £72894)


4	Debtors					2026		2025
£							£

	Trade debtors					110,696		113,222
	Other debtors, VAT refund and prepayments					94,476		93,703
						205,172		206,925


5	Creditors: amounts falling due within one year					2026		2025
£							£

	Obligations under finance lease and hire purchase contracts					24,461		37,593
	Trade creditors					74,991		180,492
	Corporation tax					193,677		191,872
	Other taxes and social security costs					1,944		1,944
	Other creditors					188,918		208,404
						483,991		620,305
	Finance and hire purchase contracts are secured on the assets they represent.

6	Creditors: amounts falling due after one year					2026		2025
£							£

	Obligations under finance lease and hire purchase contracts					18,382		17,438


7	Other financial commitments					2026		2025
£							£

	Total future minimum payments under non-cancellable operating leases due in less than 12 month					30,648		21,973
	Total future minimum payments under non-cancellable operating leases due in 2 to 5 years					25,560		784
						56,208		22,757


8	Loans to directors
	Description and conditions	B/fwd		Lent to directors		Repaid by directors	C/fwd
£			£		£		£
	Anthony Lainton 50 shares
	Loans to directors	-		200,000		(200,000)		-

	Lynne Lainton 50 shares
	Loans to directors	-		200,000		(200,000)		-

		-		400,000		(400,000)		-

	The loans to the directors (participators) were made and repaid during the financial period.
	A total of £4326 interest was charged by the company using HMRC's offical rate of interest.

9	Other information

	Lainton Services Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Hub 3, Pepper House
	Pepper Road, Hazel Grove
	Stockport
	Cheshire
	SK7 5DP
	Company number 2795624