L.F.E. Engineering Limited 30/04/2026 iXBRL

Company registration number: 03863292

L.F.E. Engineering Limited

Trading as L.F.E. Engineering Limited

Unaudited filleted abridged financial statements

30 April 2026

L.F.E. Engineering Limited

Contents

Accountants report

Abridged statement of financial position

Notes to the financial statements

L.F.E. Engineering Limited

Chartered accountants report to the board of directors on the preparation of the

unaudited statutory financial statements of L.F.E. Engineering Limited

Year ended 30 April 2026

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of L.F.E. Engineering Limited for the year ended 30 April 2026 which comprise the abridged statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.

Our work has been undertaken in accordance with ICAEW Technical Release 07/16 AAF.

Francis Webbs Limited

Chartered Accountants

Suite 2 Scala Offices

115a Far Gosford Street

Coventry

West Midlands

CV1 5EA

16 July 2026

L.F.E. Engineering Limited

Abridged statement of financial position

30 April 2026

		2026		2025
	Note	£	£	£	£

Fixed assets
Tangible assets	7	744,994		859,279
		_______		_______
			744,994		859,279

Current assets
Stocks	8	457,879		318,917
Debtors	9	1,699,976		2,159,935
Cash at bank and in hand		1,120,842		1,471,234
		_______		_______
		3,278,697		3,950,086
Creditors: amounts falling due
within one year	10	( 1,501,958)		( 2,262,932)
		_______		_______
Net current assets			1,776,739		1,687,154
			_______		_______
Total assets less current liabilities			2,521,733		2,546,433

Creditors: amounts falling due
after more than one year	1112		-		( 12,552)

Provisions for liabilities	13		( 169,717)		( 197,233)

			_______		_______
Net assets			2,352,016		2,336,648
			_______		_______

Capital and reserves
Called up share capital			25,002		25,002
Share premium account			115,562		115,562
Profit and loss account			2,211,452		2,196,084
			_______		_______
Shareholders funds			2,352,016		2,336,648
			_______		_______

For the year ending 30 April 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the abridged income statement has not been delivered.

All of the members have consented to the preparation of the abridged income statement and the abridged statement of financial position for the current year ending 30 April 2026 in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements were approved by the board of directors and authorised for issue on 16 July 2026 , and are signed on behalf of the board by:

Mr Martin Carolan Mr Robert Scott

Director Director

Company registration number: 03863292

L.F.E. Engineering Limited

Notes to the financial statements

Year ended 30 April 2026

1. General information

The company is a private company limited by shares, registered in England. The address of the registered office is Hibberd House, Curriers Close, Canley, Coventry, CV4 8AW.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 40 (2025: 39 ).

5. Other interest receivable and similar income

	2026	2025
	£	£
Bank deposits	6,560	11,953
Other interest receivable and similar income	5,708	10,875
	_______	_______
	12,268	22,828
	_______	_______

6. Profit before taxation

Profit before taxation is stated after charging/(crediting):

	2026	2025
	£	£
Depreciation of tangible assets	144,169	132,203
	_______	_______

7. Tangible assets


		£
	Cost
	At 1 May 2025	1,954,233
	Additions	33,352
	Disposals	( 6,250)
		_______
	At 30 April 2026	1,981,335
		_______
	Depreciation
	At 1 May 2025	1,094,953
	Charge for the year	144,169
	Disposals	( 2,781)
		_______
	At 30 April 2026	1,236,341
		_______
	Carrying amount
	At 30 April 2026	744,994
		_______
	At 30 April 2025	859,280
		_______

Obligations under finance leases

Included within the carrying value of tangible assets are the following amounts relating to assets held under finance leases or hire purchase agreements:


		Plant and machinery
		£
	At 30 April 2026	171,806
		_______
	At 30 April 2025	205,653
		_______

8. Stocks

	2026	2025
	£	£
Raw materials and consumables	27,250	27,250
Work in progress	430,629	291,667
	_______	_______
	457,879	318,917
	_______	_______

9. Debtors

	2026	2025
	£	£
Trade debtors	786,583	1,006,929
Amounts owed by group undertakings and undertakings in which the company has a participating interest	761,156	1,022,520
Other debtors	152,237	130,486
	_______	_______
	1,699,976	2,159,935
	_______	_______

10. Creditors: amounts falling due within one year

	2026	2025
	£	£
Bank loans and overdrafts	12,552	74,474
Trade creditors	724,318	907,199
Amounts owed to group undertakings and undertakings in which the company has a participating interest	179,253	680,989
Corporation tax	211,686	117,576
Social security and other taxes	178,976	258,209
Other creditors	195,173	224,485
	_______	_______
	1,501,958	2,262,932
	_______	_______

11. Creditors: amounts falling due after more than one year

	2026	2025
	£	£
Bank loans and overdrafts	-	12,552
	_______	_______

The company together withs its ultimate parent Sky Blue Holdings Limited has also given fixed and floating charge over all of its property and undertaking to Allicia Bank and the holders of the loan stock in the ultimate parent company.

12. Creditors: amounts falling due after more than one year

The company together withs its ultimate parent Sky Blue Holdings Limited has also given fixed and floating charge over all of its property and undertaking to Allicia Bank and the holders of the loan stock in the ultimate parent company.

13. Provisions

	Deferred tax (note 14)	Total
	£	£
At 1 May 2025	197,233	197,233
Additions	( 27,516)	( 27,516)
	_______	_______
At 30 April 2026	169,717	169,717
	_______	_______

14. Deferred tax

The deferred tax included in the statement of financial position is as follows:

	2026	2025
	£	£
Included in provisions (note 13)	169,717	197,233
	_______	_______

The deferred tax account consists of the tax effect of timing differences in respect of:

	2026	2025
	£	£
Accelerated capital allowances	169,717	197,233
	_______	_______

15. Operating leases

The company as lessee

The total future minimum lease payments under non-cancellable operating leases are as follows:


	£	£

Not later than 1 year	182,500	227,717
Later than 1 year and not later than 5 years	684,375	766,169
Later than 5 years	441,042	447,856
	_______	_______
	1,307,917	1,441,742
	_______	_______

16. Controlling party

The ultimate parent company is Sky Blue Holdings Limited a company incorporated in England and Wales company number 15141555. The registered address is Hibberd House, Curriers Close, Canley, Coventry, CV4 8AW.