REGISTERED NUMBER: 04868475 (England and Wales)

BOSTON LGV TRAINING LIMITED

REPORT OF THE DIRECTOR AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024

Page

Company Information

1

Report of the Director

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

6

DIRECTOR:

Mr G H Allen

REGISTERED OFFICE:

Marsh Lane

Boston

Lincolnshire

PE21 7SB

REGISTERED NUMBER:

04868475 (England and Wales)

ACCOUNTANTS:

ApC

Chartered Accountants

7 St John Street

Mansfield

Nottinghamshire

NG18 1QH

The director presents his report with the financial statements of the company for the year ended 30 November 2024.

DIRECTOR

Mr G H Allen held office during the whole of the period from 1 December 2023 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

Mr G H Allen - Director

21 November 2025

TURNOVER

520,306

511,915

Cost of sales

(100,980

)

(154,740

)

GROSS PROFIT

419,326

357,175

Administrative expenses

(389,091

)

(342,082

)

OPERATING PROFIT

30,235

15,093

Interest receivable and similar income

-

706

Interest payable and similar expenses

(30,107

)

(10,791

)

PROFIT BEFORE TAXATION

128

5,008

Tax on profit

19,941

(23,445

)

PROFIT/(LOSS) FOR THE FINANCIAL YEAR

20,069

(18,437

)

FIXED ASSETS

Tangible assets

5

798,216

710,959

CURRENT ASSETS

Stocks

15,000

7,033

Debtors

6

876,521

336,105

Cash at bank and in hand

6,997

32,388

898,518

375,526

CREDITORS

Amounts falling due within one year

7

682,980

199,602

NET CURRENT ASSETS

215,538

175,924

TOTAL ASSETS LESS CURRENT LIABILITIES

1,013,754

886,883

CREDITORS

Amounts falling due after more than one year

8

(326,890

)

(200,147

)

PROVISIONS FOR LIABILITIES

(24,891

)

(44,832

)

NET ASSETS

661,973

641,904

CAPITAL AND RESERVES

Called up share capital

9

2

2

Revaluation reserve

10

285,931

285,931

Retained earnings

376,040

355,971

SHAREHOLDERS' FUNDS

661,973

641,904

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 21 November 2025 and were signed by:

Mr G H Allen - Director

1.	STATUTORY INFORMATION

Boston LGV Training 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 provisions of Section 1A "Small Entities" 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 as modified by the revaluation of certain assets.

Turnover

Turnover represents the value excluding Value Added Tax of LGV driver training services provided to customers during the year. In respect of the training services provided, all income is taken to profit and loss at the same point as the right to receive consideration has been acquired.

Tangible fixed assets

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

Freehold property

-

in accordance with the property

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Financial instruments

Financial instruments and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 3 ) .

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

£

£

COST OR VALUATION

At 1 December 2023

475,000

251,939

11,971

Additions

-

-

-

At 30 November 2024

475,000

251,939

11,971

DEPRECIATION

At 1 December 2023

-

82,167

7,256

Charge for year

-

42,444

1,179

At 30 November 2024

-

124,611

8,435

NET BOOK VALUE

At 30 November 2024

475,000

127,328

3,536

At 30 November 2023

475,000

169,772

4,715

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST OR VALUATION

At 1 December 2023

148,655

3,631

891,196

Additions

195,000

-

195,000

At 30 November 2024

343,655

3,631

1,086,196

DEPRECIATION

At 1 December 2023

87,662

3,152

180,237

Charge for year

64,000

120

107,743

At 30 November 2024

151,662

3,272

287,980

NET BOOK VALUE

At 30 November 2024

191,993

359

798,216

At 30 November 2023

60,993

479

710,959

Cost or valuation at 30 November 2024 is represented by:

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

£

£

Valuation in 2023

260,707

-

-

Cost

214,293

251,939

11,971

475,000

251,939

11,971

Motor

Computer

vehicles

equipment

Totals

£

£

£

Valuation in 2023

-

-

260,707

Cost

343,655

3,631

825,489

343,655

3,631

1,086,196

If the freehold property had not been revalued it would have been included at the following historical cost:

2024

2023

£

£

Cost

214,293

214,293

Aggregate depreciation

25,224

25,224

Freehold property was valued on an open market basis on 30 November 2023 by the director .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

33,943

47,405

Amounts owed by group undertakings

765

-

Amounts owed by participating interests

646,250

108,000

Other debtors

-

160,000

VAT

43,078

-

Prepayments and accrued income

152,485

20,700

876,521

336,105

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

10,000

10,000

Other loans

44,210

-

Hire purchase contracts

25,865

23,424

Trade creditors

8,447

6,418

Amounts owed to group undertakings

286,392

113,591

Amounts owed to participating interests

304,560

6,000

VAT

-

6,574

Directors' current accounts

768

-

Accruals and deferred income

2,738

33,595

682,980

199,602

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans - 1-2 years

6,667

16,667

Other loans - 1-2 years

62,608

-

Hire purchase contracts

157,615

183,480

Other creditors

100,000

-

326,890

200,147

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

2

Ordinary

1

2

2

10.

RESERVES

Revaluation

reserve

£

At 1 December 2023

and 30 November 2024

285,931

11.	RELATED PARTY DISCLOSURES

At the balance sheet date £285,627 (2023: £113,591) was owed to group companies.

At the balance sheet date £341,690 (2023: £102,000 to) was owed from related parties.