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REGISTERED NUMBER: 01958906 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

LANCASTER & WINTER LIMITED

LANCASTER & WINTER LIMITED (REGISTERED NUMBER: 01958906)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LANCASTER & WINTER LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: Matthew Aydon
John Aydon





SECRETARY: Matthew Aydon





REGISTERED OFFICE: Brownroyd Street
Bradford
BD8 9AE





REGISTERED NUMBER: 01958906 (England and Wales)





ACCOUNTANTS: Walter Dawson & Son
Chartered Accountants
1 Valley Court
Canal Road
Bradford
West Yorkshire
BD1 4SP

LANCASTER & WINTER LIMITED (REGISTERED NUMBER: 01958906)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 145,650 172,650

CURRENT ASSETS
Stocks 363,827 509,256
Debtors 5 563,379 685,167
Prepayments and accrued income 12,769 3,793
Cash at bank and in hand 505,755 251,844
1,445,730 1,450,060
CREDITORS
Amounts falling due within one year 6 568,415 661,497
NET CURRENT ASSETS 877,315 788,563
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,022,965

961,213

CREDITORS
Amounts falling due after more than
one year

7

(32,473

)

(48,392

)

PROVISIONS FOR LIABILITIES (12,938 ) (19,000 )
NET ASSETS 977,554 893,821

CAPITAL AND RESERVES
Called up share capital 101,000 101,000
Capital redemption reserve 89,306 89,306
Profit and loss account 787,248 703,515
977,554 893,821

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

LANCASTER & WINTER LIMITED (REGISTERED NUMBER: 01958906)

BALANCE SHEET - continued
31 MARCH 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 October 2023 and were signed on its behalf by:





John Aydon - Director


LANCASTER & WINTER LIMITED (REGISTERED NUMBER: 01958906)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Lancaster & Winter Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - 25% on cost
Motor vehicles - 25% on cost
Office equipment - 25% on cost and 10% on cost

STOCKS
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

LANCASTER & WINTER LIMITED (REGISTERED NUMBER: 01958906)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

2. ACCOUNTING POLICIES - continued

HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

INCOME RECOGNITION
Revenue is recognised to the extent that is probable that the economic benefits will flow to the company and revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 11 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor Office
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2022
and 31 March 2023 135,921 48,315 138,705 40,420 363,361
DEPRECIATION
At 1 April 2022 55,648 47,098 61,970 25,995 190,711
Charge for year 2,718 348 19,686 4,248 27,000
At 31 March 2023 58,366 47,446 81,656 30,243 217,711
NET BOOK VALUE
At 31 March 2023 77,555 869 57,049 10,177 145,650
At 31 March 2022 80,273 1,217 76,735 14,425 172,650

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 420,129 541,917
Amounts owed by group undertakings 143,250 143,250
563,379 685,167

LANCASTER & WINTER LIMITED (REGISTERED NUMBER: 01958906)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 15,978 16,261
Trade creditors 458,832 554,243
Taxation and social security 78,408 85,568
Other creditors 15,197 5,425
568,415 661,497

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 32,473 48,392

8. RELATED PARTY DISCLOSURES

Mr J. Aydon and Mr M. Aydon have control over a majority of shares in the company, and together with their involvement in its day-to-day management, are deemed to be the controlling parties for the purposes of Financial Reporting Standard No. 102.

Mr J. Aydon and Mr M. Aydon are also directors of Lancaster & Winter Holdings Limited.

Debtors falling due within one year includes the following related party balances. Lancaster & Winter Holdings Limited £143,250 (2022: £143,250).