REGISTERED NUMBER: 04170203 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2026

FOR

LOMAX TRAINING SERVICES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr J Lomax

REGISTERED OFFICE:

The Old Gas Depot

Howdon Lane

Howdon

Wallsend

NE28 0BD

REGISTERED NUMBER:

04170203 (England and Wales)

ACCOUNTANTS:

Stafford Accountancy

The Yard Suite 2.2

Gill Bridge Avenue

Sunderland

Tyne and Wear

SR1 3AW

FIXED ASSETS

Tangible assets

4

26,230

34,802

CURRENT ASSETS

Stocks

5

2,500

2,500

Debtors

6

243,649

333,096

Cash at bank and in hand

72,428

145,853

318,577

481,449

CREDITORS

Amounts falling due within one year

7

164,539

204,490

NET CURRENT ASSETS

154,038

276,959

TOTAL ASSETS LESS CURRENT LIABILITIES

180,268

311,761

CREDITORS

Amounts falling due after more than one year

8

-

(1,279

)

PROVISIONS FOR LIABILITIES

(4,400

)

(5,900

)

NET ASSETS

175,868

304,582

CAPITAL AND RESERVES

Called up share capital

9

1

1

Retained earnings

175,867

304,581

SHAREHOLDERS' FUNDS

175,868

304,582

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

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

The director acknowledges his 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 17th July 2026 and were signed by:

Mr J Lomax - Director

1.	STATUTORY INFORMATION

Lomax Training Services 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 (£).

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied unless otherwise stated.

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.

Turnover

Turnover represents amounts receivable during the year from a range of utility training programmes provided, including estimates of amounts not invoiced, exclusive of VAT.

Income is accrued or deferred at the balance sheet date in order to recognise income in the period to which it was generated.

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

20% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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

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

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1st April 2025

177,965

224,978

16,500

79,576

499,019

Additions

1,846

801

-

-

2,647

At 31st March 2026

179,811

225,779

16,500

79,576

501,666

DEPRECIATION

At 1st April 2025

162,217

212,962

16,064

72,974

464,217

Charge for year

4,091

4,841

109

2,178

11,219

At 31st March 2026

166,308

217,803

16,173

75,152

475,436

NET BOOK VALUE

At 31st March 2026

13,503

7,976

327

4,424

26,230

At 31st March 2025

15,748

12,016

436

6,602

34,802

5.

STOCKS

2026

2025

£

£

Work-in-progress

2,500

2,500

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

80,541

167,305

Other debtors

4,537

3,000

VAT

1,632

1,197

Prepayments and accrued income

156,939

161,594

243,649

333,096

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

1,279

10,119

Trade creditors

73,086

30,441

Tax

-

644

Social security and other taxes

5,691

15,535

Other creditors

4,119

4,066

Accruals and deferred income

80,364

143,685

164,539

204,490

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans

-

1,279

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

1

Ordinary

£1

1

1

10.	OTHER FINANCIAL COMMITMENTS

Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £120,449 (2025: £181,031).