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Registration number: 10633592

Lasch Limited

Annual Report and Unaudited Financial Statements

for the year ended 30 November 2021

 

Lasch Limited

Contents

Statement of Financial Position

1

Notes to the Unaudited Financial Statements

2 to 4

 

Lasch Limited

(Registration number: 10633592)
Statement of Financial Position
30 November 2021

Note

2021
£

2020
£

Current assets

 

Debtors

4

5,567

-

Cash at bank and in hand

 

196

495

 

5,763

495

Creditors: Amounts falling due within one year

5

(8,910)

(2,672)

Net liabilities

 

(3,147)

(2,177)

Capital and reserves

 

Called up share capital

(100)

(100)

Profit and loss account

(3,047)

(2,077)

Shareholders' deficit

 

(3,147)

(2,177)

For the financial year ending 30 November 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

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

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 22 August 2022
 

.........................................
A Stewart-Clark
Director

 

Lasch Limited

Notes to the Unaudited Financial Statements
for the year ended 30 November 2021

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Sinclaire Cottage
Portsmouth Road
Ripley
Woking
Surrey
GU23 6EW

These financial statements were authorised for issue by the director on 22 August 2022.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Lasch Limited

Notes to the Unaudited Financial Statements
for the year ended 30 November 2021

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2020 - 1).

4

Debtors

2021
£

2020
£

Other debtors

5,567

-

5,567

-

5

Creditors

Creditors: amounts falling due within one year

2021
£

2020
£

Due within one year

Trade creditors

4,723

-

Taxation and social security

3,587

-

Accruals and deferred income

600

600

Other creditors

-

2,072

8,910

2,672

 

Lasch Limited

Notes to the Unaudited Financial Statements
for the year ended 30 November 2021

6

Related party transactions

Loans to related parties

2021

Entities with joint control or significant influence
£

Total
£

Advanced

5,567

5,567

At end of period

5,567

5,567

Terms of loans to related parties

The ultimate controlling party of Lasch Limited by virtue of owning 100% shares is Alex Stewart-Clark.

The loan balance of £5,567 is due from Challenge Fencing Limited, a company which Alex Stewart-Clark is also the ultimate controlling party.