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
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
LANE FABRICATION LTD
Statement of financial position
as at 28 February 2023
Cash at bank and in hand
88,037
95,549
Creditors: amounts falling due within one year
(184,881)
(189,679)
Net current assets
57,550
31,236
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
LANE FABRICATION LTD
Notes to the Accounts
for the year ended 28 February 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
Additions
3,900
34,500
38,400
At 28 February 2023
3,900
34,500
38,400
Charge for the year
585
8,625
9,210
At 28 February 2023
585
8,625
9,210
At 28 February 2023
3,315
25,875
29,190
Amounts falling due within one year
Trade debtors
152,394
123,366
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
Obligations under finance leases and hire purchase contracts
11,134
-
Trade creditors
69,101
62,642
Taxes and social security
18,251
10,310
Loans from directors
350
22,345
7
Average number of employees
During the year the average number of employees was 4 (2022: 4).