LAND NAVIGATION SYSTEMS LIMITED

1. LAND NAVIGATION SYSTEMS LIMITED 1994-09-05 → present
2. K & S (219) LIMITED 1994-03-21 → 1994-09-05

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

RSM UK Audit LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“At 30 June 2025 the Group had cash at bank of £3,513,708 with future trade expected to be cash generative. The directors consider this to be sufficient to fund the Group's expected working capital requirements, longer term capital commitments and allow for a level of headroom in the event that sales growth does not materialise as expected. As a consequence of the factors outlined above, the directors have a reasonable expectation that the Group has adequate resources to continue in operational existence for the foreseeable future and therefore adopt the going concern basis of accounting in preparing the financial statements.”

Group structure

1. LAND NAVIGATION SYSTEMS LIMITED · parent
   1. Terrafix Limited 100% · UK · Design and developer of automotive vehicle location systems

Significant events

• “The Group's turnover was £17,374,294 (2024: £18,212,004), mostly due to the lower invoicing to the Department of Health following the completion of the hardware rollout to the whole of the UK firont line Ambulances.”
• “Administrative expenses in the year have increased by £430,723 primarily as a result of administration salaries in the year increasing from £2,336,424 to £2,616,024.”
• “The development spend in the year was £333,640 (2024: £374,712), which demonstrates the directors' determination to ensure that products continue to be at the forefront of technology.”
• “Total Net Assets increased from £5,813,313 to £5,901,748 as the Group continued to trade profitably.”
• “During the year, the Group paid interim dividends on the ordinary shares amounting to £100,000 (2024: £nil). The directors do not recommend a final dividend (2024: £nil).”
• “By the first quarter of 2026, Terrafix will launch the automotive-specific Bootbox system TV(BB).”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

2

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  -4.6%

  £18,212,004 → £17,374,294

• Cash

  +21.3%

  £2,896,959 → £3,513,708

• Net assets

  +3.1%

  £5,726,347 → £5,901,748

• Employees

  +2.8%

  72 → 74

• Operating profit

  -20.9%

  £606,055 → £479,475

• Profit before tax

  -17.4%

  £495,728 → £409,630

• Wages

  +4.3%

  £5,658,456 → £5,900,870

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers