Lynx Networks Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 03136174

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		196,082		201,592

			196,082		201,592
CURRENT ASSETS
Stocks	5	328,280		417,804
Debtors	6	1,033,426		607,641
Cash at bank and in hand		402,166		563,409

		1,763,872		1,588,854
Creditors: Amounts Falling Due Within One Year	7	(1,103,620 )		(963,960 )

NET CURRENT ASSETS (LIABILITIES)			660,252		624,894

TOTAL ASSETS LESS CURRENT LIABILITIES			856,334		826,486

PROVISIONS FOR LIABILITIES
Deferred Taxation			(39,369 )		(44,282 )

NET ASSETS			816,965		782,204

CAPITAL AND RESERVES
Called up share capital	8		50,000		50,000
Profit and Loss Account			766,965		732,204

SHAREHOLDERS' FUNDS			816,965		782,204

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Lynx Networks Ltd

Balance Sheet (continued)

As At 31 March 2026

For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Alan Bullen

Director

22 October 2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Lynx Networks Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 03136174 . The registered office is 29 Clarke Road, Bletchley, Milton Keynes, MK1 1LG.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

2.2. 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 the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Motor Vehicles	25% Reducing Balance
Fixtures & Fittings	15% Reducing Balance
Computer Equipment	33% Reducing Balance

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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Lynx Networks Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

2.5. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 46 (2025: 46)

4. Tangible Assets

	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 April 2025	354,661	83,199	119,036	556,896
Additions	21,382	349	28,565	50,296
Disposals	(51,762 )	-	-	(51,762 )

As at 31 March 2026	324,281	83,548	147,601	555,430

Depreciation
As at 1 April 2025	210,698	53,471	91,135	355,304
Provided during the period	34,676	4,485	11,383	50,544
Disposals	(46,500 )	-	-	(46,500 )

As at 31 March 2026	198,874	57,956	102,518	359,348

Net Book Value
As at 31 March 2026	125,407	25,592	45,083	196,082

As at 1 April 2025	143,963	29,728	27,901	201,592

5. Stocks

	2026	2025
	£	£
Finished goods	155,587	160,183
Work in progress	172,693	257,621

	328,280	417,804

6. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	895,675	559,851
Other debtors	137,751	47,790

	1,033,426	607,641

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Lynx Networks Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

7. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	366,468	317,005
Other creditors	527,879	479,177
Taxation and social security	209,273	167,778

	1,103,620	963,960

8. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	50,000	50,000

9. Pension Commitments

The company operates a defined contribution pension scheme. At the balance sheet date unpaid contributions of £7,733 (PY £7,745) were due to the fund. They are included in Other Creditors.

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