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Company Registration No. 07940946 (England and Wales)
LANE FABRICATION LTD Unaudited accounts for the year ended 28 February 2023
LANE FABRICATION LTD Unaudited accounts Contents
Page
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LANE FABRICATION LTD Company Information for the year ended 28 February 2023
Directors
Mr S Lane Mrs C Lane
Company Number
07940946 (England and Wales)
Registered Office
34 QUEEN STREET NEWTON LE WILLOWS MERSEYSIDE WA12 9AZ
Accountants
P A Hull & Co 34 Queen Street Newton Le Willows WA12 9AZ
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LANE FABRICATION LTD Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
29,190 
- 
Current assets
Inventories
2,000 
2,000 
Debtors
152,394 
123,366 
Cash at bank and in hand
88,037 
95,549 
242,431 
220,915 
Creditors: amounts falling due within one year
(184,881)
(189,679)
Net current assets
57,550 
31,236 
Net assets
86,740 
31,236 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
86,640 
31,136 
Shareholders' funds
86,740 
31,236 
For the year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 10 October 2023 and were signed on its behalf by
Mr S Lane Director Company Registration No. 07940946
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LANE FABRICATION LTD Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
LANE FABRICATION LTD is a private company, limited by shares, registered in England and Wales, registration number 07940946. The registered office is 34 QUEEN STREET, NEWTON LE WILLOWS, MERSEYSIDE, WA12 9AZ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% Reducing Balance
Motor vehicles
25% Reducing Balance
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 March 2022
- 
- 
- 
Additions
3,900 
34,500 
38,400 
At 28 February 2023
3,900 
34,500 
38,400 
Depreciation
Charge for the year
585 
8,625 
9,210 
At 28 February 2023
585 
8,625 
9,210 
Net book value
At 28 February 2023
3,315 
25,875 
29,190 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
152,394 
123,366 
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LANE FABRICATION LTD Notes to the Accounts for the year ended 28 February 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
33,333 
43,333 
VAT
51,307 
44,053 
Obligations under finance leases and hire purchase contracts
11,134 
- 
Trade creditors
69,101 
62,642 
Taxes and social security
18,251 
10,310 
Other creditors
615 
6,206 
Loans from directors
350 
22,345 
Accruals
790 
790 
184,881 
189,679 
7
Average number of employees
During the year the average number of employees was 4 (2022: 4).
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