Lenric C21 Limited 04258554 false 2022-04-01 2023-03-31 2023-03-31 The principal activity of the company is the manufacture and sale of pet consumer products. Digita Accounts Production Advanced 6.30.9574.0 true true true 04258554 2022-04-01 2023-03-31 04258554 2023-03-31 04258554 bus:OrdinaryShareClass1 2023-03-31 04258554 core:CurrentFinancialInstruments 2023-03-31 04258554 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 04258554 core:FurnitureFittingsToolsEquipment 2023-03-31 04258554 bus:SmallEntities 2022-04-01 2023-03-31 04258554 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 04258554 bus:AbridgedAccounts 2022-04-01 2023-03-31 04258554 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 04258554 bus:RegisteredOffice 2022-04-01 2023-03-31 04258554 bus:CompanySecretaryDirector1 2022-04-01 2023-03-31 04258554 bus:Director2 2022-04-01 2023-03-31 04258554 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 04258554 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 04258554 core:PatentsTrademarksLicencesConcessionsSimilar 2022-04-01 2023-03-31 04258554 core:FurnitureFittingsToolsEquipment 2022-04-01 2023-03-31 04258554 core:MotorVehicles 2022-04-01 2023-03-31 04258554 core:PlantMachinery 2022-04-01 2023-03-31 04258554 1 2022-04-01 2023-03-31 04258554 countries:England 2022-04-01 2023-03-31 04258554 2022-03-31 04258554 core:FurnitureFittingsToolsEquipment 2022-03-31 04258554 2021-04-01 2022-03-31 04258554 2022-03-31 04258554 bus:OrdinaryShareClass1 2022-03-31 04258554 core:CurrentFinancialInstruments 2022-03-31 04258554 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 04258554 core:FurnitureFittingsToolsEquipment 2022-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 04258554

Lenric C21 Limited

Unaudited Filleted Abridged Financial Statements

for the Year Ended 31 March 2023

 

Lenric C21 Limited

Contents

Company Information

1

Abridged Balance Sheet

2 to 3

Notes to the Unaudited Abridged Financial Statements

4 to 9

 

Lenric C21 Limited

Company Information

Directors

Mr E Killpartrick

Mr C Kavallares

Company secretary

Mr E Killpartrick

Registered office

Unit 10 Thorgate Road
Lineside Industrial Estate
Littlehampton
West Sussex
BN17 7LU

Accountants

Blue Spire Limited
Chartered Accountants
Cawley Priory
South Pallant
Chichester
West Sussex
PO19 1SY

 

Lenric C21 Limited

(Registration number: 04258554)
Abridged Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

5

9,430

6,548

Current assets

 

Stocks

189,071

191,613

Debtors

6

86,686

156,045

Cash at bank and in hand

 

383,539

546,666

 

659,296

894,324

Prepayments and accrued income

 

51,441

43,677

Creditors: Amounts falling due within one year

(94,085)

(183,312)

Net current assets

 

616,652

754,689

Total assets less current liabilities

 

626,082

761,237

Accruals and deferred income

 

(5,000)

(12,419)

Net assets

 

621,082

748,818

Capital and reserves

 

Called up share capital

7

100

100

Retained earnings

620,982

748,718

Shareholders' funds

 

621,082

748,818

For the financial year ending 31 March 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

For the financial year ending 31 March 2023 the Company was entitled to exemption from audit under section 479A of the Companies Act 2006 relating to subsidiary companies.

Directors' 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 Directors acknowledge their 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.

All of the Company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

 

Lenric C21 Limited

(Registration number: 04258554)
Abridged Balance Sheet as at 31 March 2023

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 4 October 2023 and signed on its behalf by:
 

.........................................
Mr E Killpartrick
Company secretary and director

 

Lenric C21 Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2023

1

General information

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

The address of its registered office is:
Unit 10 Thorgate Road
Lineside Industrial Estate
Littlehampton
West Sussex
BN17 7LU

These financial statements were authorised for issue by the Board on 4 October 2023.

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 abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged 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.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.

 

Lenric C21 Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2023

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor vehicles

25% reducing balance

Plant and equipment

25% reducing balance

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Patents and intellectual property reights

over 3 years

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.

 

Lenric C21 Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2023

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.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

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.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

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.

Dividends

Dividend distribution to the Company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

Lenric C21 Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2023

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the Company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the Company (including Directors) during the year, was 11 (2022 - 12).

 

Lenric C21 Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2023

4

Intangible assets

Total
£

Cost or valuation

At 1 April 2022

6,000

At 31 March 2023

6,000

Amortisation

At 1 April 2022

6,000

At 31 March 2023

6,000

Carrying amount

At 31 March 2023

-

5

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 April 2022

11,641

11,641

Additions

6,025

6,025

At 31 March 2023

17,666

17,666

Depreciation

At 1 April 2022

5,093

5,093

Charge for the year

3,143

3,143

At 31 March 2023

8,236

8,236

Carrying amount

At 31 March 2023

9,430

9,430

At 31 March 2022

6,548

6,548

6

Debtors

Debtors includes £Nil (2022 - £Nil) due after more than one year.

 

Lenric C21 Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2023

7

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

         

8

Parent and ultimate parent undertaking

The Company's immediate parent is Lenric International Limited, incorporated in England.