REGISTERED NUMBER: 03334647 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2026

for

LYNX ENGINEERING (KENT) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

D Shephard

SECRETARY:

W S J Shephard

REGISTERED OFFICE:

5-6 Norfolk Road

Industrial Site

Norfolk Road

Gravesend

Kent

DA12 2PS

REGISTERED NUMBER:

03334647 (England and Wales)

ACCOUNTANTS:

Friend & Grant Ltd

Bryant House

Bryant Road

Strood

Rochester

Kent

ME2 3EW

FIXED ASSETS

Tangible assets

5

293,304

222,146

CURRENT ASSETS

Debtors

6

530,239

492,480

Cash at bank

57,667

8,457

587,906

500,937

CREDITORS

Amounts falling due within one year

7

596,676

519,827

NET CURRENT LIABILITIES

(8,770

)

(18,890

)

TOTAL ASSETS LESS CURRENT LIABILITIES

284,534

203,256

CREDITORS

Amounts falling due after more than one year

8

(203,728

)

(120,929

)

PROVISIONS FOR LIABILITIES

(16,647

)

(22,712

)

NET ASSETS

64,159

59,615

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

63,159

58,615

64,159

59,615

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director and authorised for issue on 30 June 2026 and were signed by:

D Shephard - Director

1.	STATUTORY INFORMATION

Lynx Engineering (Kent) 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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 presentation and disclosure requirements of Section 1A applicable to small companies, and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable from the sale of goods or exchange of services, excluding discounts, rebates, value added tax and other sales taxes. Turnover is not recognised when goods or services are exchanged for goods or services that are of a similar nature and value or when the transaction lacks commercial substance.

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:

- the company has transferred the significant risks and rewards of ownership to the buyer;

- the company retains neither continuing managerial involvement to the degree usually associated with the ownership nor effective control over the goods sold;

- the amount of turnover can be measured reliably;

- it is probable that the company will receive the consideration due under the transaction;

- the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

The percentage of completion method is used to calculate the turnover recognised at the period end.

Turnover from the rendering of services is recognised when all of the following conditions are satisfied:

- the amount of revenue can be measured reliably;

- it is probable that the economic benefits associated with the transaction will flow to the entity;

- the stage of completion of the transaction at the end of the reporting period can be measured reliably; and

- the costs incurred for the transaction and the costs to complete the transaction can be measured reliably.

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.

Short leasehold

-

20% on reducing balance

Plant and machinery

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

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 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 held under finance lease and hire purchase contracts are capitalised in the balance sheet and depreciated over their expected useful lives. The interest element of the leasing payments represents a constant proportion of the capital balance outstanding and is charged to the profit and loss account over the period of the lease.

All other leases are regarded as operating leases and the payments made under them are charged to the profit and loss account on a straight line basis over the lease term.

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.

Employee benefits

The company recognises a provision for annual leave accrued by employees as a result of services rendered in current period, and which employees are entitled to carry forward and use within the next 12 months. The provision is measured at the salary cost payable for the period of absence.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2025 - 18 ) .

5.	TANGIBLE FIXED ASSETS

Short

Plant and

Motor

leasehold

machinery

vehicles

Totals

£

£

£

£

COST

At 1 April 2025

10,155

403,399

327,331

740,885

Additions

-

6,565

166,216

172,781

Disposals

-

(1,992

)

(98,824

)

(100,816

)

At 31 March 2026

10,155

407,972

394,723

812,850

DEPRECIATION

At 1 April 2025

6,239

333,995

178,505

518,739

Charge for year

783

15,042

40,874

56,699

Eliminated on disposal

-

(1,235

)

(54,657

)

(55,892

)

At 31 March 2026

7,022

347,802

164,722

519,546

NET BOOK VALUE

At 31 March 2026

3,133

60,170

230,001

293,304

At 31 March 2025

3,916

69,404

148,826

222,146

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

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 April 2025

45,000

283,456

328,456

Additions

-

166,216

166,216

Disposals

-

(98,824

)

(98,824

)

At 31 March 2026

45,000

350,848

395,848

DEPRECIATION

At 1 April 2025

9,000

152,175

161,175

Charge for year

7,200

38,947

46,147

Eliminated on disposal

-

(54,657

)

(54,657

)

At 31 March 2026

16,200

136,465

152,665

NET BOOK VALUE

At 31 March 2026

28,800

214,383

243,183

At 31 March 2025

36,000

131,281

167,281

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

273,787

170,267

Other debtors

256,452

322,213

530,239

492,480

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

3,394

10,058

Hire purchase contracts

45,454

91,742

Trade creditors

108,118

116,458

Taxation and social security

136,257

101,129

Other creditors

303,453

200,440

596,676

519,827

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans

-

3,381

Hire purchase contracts

203,728

117,548

203,728

120,929

9.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Bank loans

3,394

13,439

Hire purchase contracts

249,182

209,290

Lloyds commercial - factoring

245,859

150,625

498,435

373,354

The above bank loans, hire purchase and commercial finance are secured by a fixed and floating charge over all present and future assets of the company, including goodwill book debts, uncalled capital, buildings, fixtures, plant, and by a personal guarantee of the director.

10.	COMMITMENTS, GUARANTEES AND CONTINGENCIES

Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £335,917 (2025 - £405,417).

11.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2026 and 31 March 2025:

2026

2025

£

£

D Shephard

Balance outstanding at start of year

134,147

140,989

Amounts advanced

17,038

10,314

Amounts repaid

(56,478

)

(17,156

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

94,707

134,147

The loan from the company to the director is unsecured and repayable on demand. Interest has been charged at the official rate of interest per HMRC.

The director has a personal guarantee with the company's banking facility in regards to the bank loans and overdraft that are detailed in note 10.