REGISTERED NUMBER: 05485211 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

FOR

LOGIKAL GROUP LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mark Peter Smith FCA

Venetia Anne Smith ACA FCCA

REGISTERED OFFICE:

4 Kings Row

Armstrong Road

Maidstone

Kent

ME15 6AQ

REGISTERED NUMBER:

05485211 (England and Wales)

ACCOUNTANTS:

Xeinadin Isle of Wight

1 Langley Court

Pyle Street

Newport

Isle of Wight

PO30 1LA

FIXED ASSETS

Tangible assets

4

676,073

718,073

Investments

5

440,355

440,322

1,116,428

1,158,395

CURRENT ASSETS

Debtors

6

107,742

9,853

Cash at bank and in hand

1,469,959

1,106,569

1,577,701

1,116,422

CREDITORS

Amounts falling due within one year

7

39,322

52,082

NET CURRENT ASSETS

1,538,379

1,064,340

TOTAL ASSETS LESS CURRENT LIABILITIES

2,654,807

2,222,735

CAPITAL AND RESERVES

Called up share capital

8

400

400

Revaluation reserve

11,709

11,709

Retained earnings

2,642,698

2,210,626

SHAREHOLDERS' FUNDS

2,654,807

2,222,735

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 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 August 2026 and were signed on its behalf by:

Mark Peter Smith FCA - Director

Venetia Anne Smith ACA FCCA - Director

1.	STATUTORY INFORMATION

Logikal Group 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 as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

at varying rates on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2025 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Improvements

property

to property

Totals

£

£

£

COST OR VALUATION

At 1 April 2025

and 31 March 2026

655,073

121,890

776,963

DEPRECIATION

At 1 April 2025

-

58,890

58,890

Charge for year

-

42,000

42,000

At 31 March 2026

-

100,890

100,890

NET BOOK VALUE

At 31 March 2026

655,073

21,000

676,073

At 31 March 2025

655,073

63,000

718,073

Cost or valuation at 31 March 2026 is represented by:

Freehold

Improvements

property

to property

Totals

£

£

£

Valuation in 2020

11,709

-

11,709

Cost

643,364

121,890

765,254

655,073

121,890

776,963

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2025

440,322

Additions

76

Disposals

(43

)

At 31 March 2026

440,355

NET BOOK VALUE

At 31 March 2026

440,355

At 31 March 2025

440,322

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Logikal Solutions India Private Limited

Registered office: India

Nature of business: Accountancy and bookkeeping services

%

Class of shares:

holding

9,900 Ord shares of 1INR each

99.00

1% is held by the directors

2026

2025

£

£

Aggregate capital and reserves

25,452

39,294

Profit for the year

3,291

3,452

Easy Money Limited

Registered office: England and Wales

Nature of business: Dormant company

%

Class of shares:

holding

1 Ordinary £1 share

100.00

31.3.26

31.3.25

£

£

Aggregate capital and reserves

1

1

Venrec Recruitment (North) Limited

Registered office: England and Wales

Nature of business: Dormant company

%

Class of shares:

holding

60 Ordinary B £1 shares

20.00

80% is held by 3rd parties

31.3.26

31.3.25

£

£

Aggregate capital and reserves

301

301

Ascentrix Limited

Registered office: England and Wales

Nature of business: Training and Recruitment Group

%

Class of shares:

holding

44m Ord x 1p, 4,400 Ord B x 1p

19.01

80.99% is held by 3rd parties

2026

2025

£

£

Aggregate capital and reserves

2,195,501

2,607,685

Profit for the year

1,302,375

1,332,138

Light Co Holdings Limited

Registered office: 1 Langley Court, Pyle Street, Newport, Isle of Wight, PO30 1LA

Nature of business: Holding company of AP Lamp Distributors Limited

%

Class of shares:

holding

Ordinary F

1.00

19.5% director 79.5% 3rd party

30.4.26

£

Aggregate capital and reserves

118,115

Profit for the period/year

117,907

Logikal Limited

Registered office: England and Wales

Nature of business: Accountancy and bookkeeping services

%

Class of shares:

holding

8 Ord x £1, 2 Ord c x £1

10.00

90% is held by the directors

2026

2025

£

£

Aggregate capital and reserves

14,702

12,752

Profit for the year

56,640

122,996

Mainstream Fleet Services Limited

Registered office: England and Wales

Nature of business: Temporary staff supplies agency

%

Class of shares:

holding

8,630 Ord C x 1p

40.00

60% is held by 3rd parties

2026

2025

£

£

Aggregate capital and reserves

212,683

194,926

Profit for the year

26,977

59,900

Light Co Properties Limited

Registered office: 1 Langley Court, Pyle Street, Newport, Isle of Wight, PO30 1LA

Nature of business: Commercial landlord - commenced trading 04/26

%

Class of shares:

holding

Ordinary D

10.00

15% director, 75% 3rd parties

The company's fixed asset investments of £440,355 consists of:

Ascentrix Limited £440,046 (the ultimate parent company of Mainstream Training Ltd, a HGV and logistic training business)

Logikal Solutions India Pvt. Ltd £140 (accountancy services business)

Logikal Limited £10 (accountancy services business)

Mainstream Fleet Services Limited £86 (temporary HGV driver supply agency)

Light Co Holdings Limited £2 (the ultimate parent company of AP Lamp Distributors Ltd, a distributor of electrical lamps and fittings)

Light Co Properties Limited £10 (commercial property landlord)

Easy Money Limited £1(non trading)

Venrec Recruitment (North) Limited £60 (non trading)

During the year the following additions were made:

On 25 July 2025, the company subscribed £64 to increase its shareholding in Mainstream Fleet Services Limited from 19% to 40%

On 5 November 2025, the company subscribed £2 for a 0.79% shareholding in a new company Light Co Holdings Limited (LCH), a director Mark Smith holds a 19.71% shareholding in LCH.

On 6 February 20216, the company subscribed £10 for a 10% shareholding in a new company Light Co Properties Limited (LCP), a director Mark Smith holds a 15% shareholding in LCP.

During the year the following disposals took place:

on 12 August 2025, Mainstream Catering Limited, a dormant company was dissolved and the company's £3 cost of investment was written off.

On 24 July 2025, the company disposed of its entire investment in Venrec Group Limited, which had become non-trading during the year. The consideration received equalled the cost of £40.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Amounts owed by group undertakings

84,511

-

Other debtors

100

100

Directors' current accounts

14,535

-

Prepayments and accrued income

8,596

9,753

107,742

9,853

Amounts owed by group companies is a loan to Light Co Holdings Ltd of £84,511.

Other debtors consists of a deposit held by Aquaid of £100 (2025: £100).

Directors' current accounts includes loans to the directors of Mark Smith £6,000 and Venetia Smith £8,535. Interest calculated daily at the annual rate of 4% was charged on the loans. The loans were repaid in full on 30th April 2026.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Amounts owed to group undertakings

5,752

12,172

Tax

30,033

24,872

VAT

3,537

3,533

Other creditors

-

11,250

Directors' current accounts

-

255

39,322

52,082

Amounts owed to group companies consist of an amount due to Logikal Solutions India Private Limited.

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

222

Ordinary

£1

222

222

89

Ordinary A

£1

89

89

89

Ordinary B

£1

89

89

400

400

9.	RELATED PARTY DISCLOSURES

One of the company's freehold properties is let commercially to Mainstream Training Limited, a subsidiary of Ascentrix Limited, rent is charged on usual commercial terms.

10.	ULTIMATE CONTROLLING PARTY

The two directors each hold 50% of the issued share capital.