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REGISTERED NUMBER: 06474953


















Lancetek Ltd

Unaudited Financial Statements

for the Year Ended 31 March 2023






Lancetek Ltd (Registered number: 06474953)






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


Lancetek Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Mr L S Keay
Mrs M A Keay





SECRETARY: Mrs M A Keay





REGISTERED OFFICE: 9 West Buckeridge
Teignmouth
Devon
TQ14 8NF





REGISTERED NUMBER: 06474953





ACCOUNTANTS: AMS Accountancy Limited
Delta 606
Welton Road
Delta Office Park
Swindon
Wiltshire
SN5 7XF

Lancetek Ltd (Registered number: 06474953)

Balance Sheet
31 March 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 15,560 18,527

CURRENT ASSETS
Stocks 5 15 35
Debtors 6 13,159 100
Cash at bank 10,398 123,543
23,572 123,678
CREDITORS
Amounts falling due within one year 7 (14,330 ) (41,315 )
NET CURRENT ASSETS 9,242 82,363
TOTAL ASSETS LESS CURRENT
LIABILITIES

24,802

100,890

CREDITORS
Amounts falling due after more than one
year

8

(21,666

)

(31,666

)
NET ASSETS 3,136 69,224

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 3,036 69,124
SHAREHOLDERS' FUNDS 3,136 69,224

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.

Lancetek Ltd (Registered number: 06474953)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 November 2023 and were signed on its behalf by:




Mr L S Keay - Director



Mrs M A Keay - Director


Lancetek Ltd (Registered number: 06474953)

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

1. STATUTORY INFORMATION

Lancetek Ltd is a private company, limited by shares , registered in Not specified/Other. 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.
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 20% on reducing balance
Computer equipment - 33% 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

Lancetek Ltd (Registered number: 06474953)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2022 1,662 47 29,067 17,754 48,530
Additions - 5,375 - 267 5,642
At 31 March 2023 1,662 5,422 29,067 18,021 54,172
DEPRECIATION
At 1 April 2022 935 9 22,789 6,270 30,003
Charge for year 332 1,085 1,255 5,937 8,609
At 31 March 2023 1,267 1,094 24,044 12,207 38,612
NET BOOK VALUE
At 31 March 2023 395 4,328 5,023 5,814 15,560
At 31 March 2022 727 38 6,278 11,484 18,527

5. STOCKS
2023 2022
£    £   
Stocks 15 35

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 13,159 100

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 1,585 -
Taxation and social security 1,516 29,964
Other creditors 1,229 1,351
14,330 41,315

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 21,666 31,666

Lancetek Ltd (Registered number: 06474953)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary 1 100 100

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£    £   
Mr L S Keay
Balance outstanding at start of year - -
Amounts advanced 8,524 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 8,524 -