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REGISTERED NUMBER: SC343331 (Scotland)















Unaudited Financial Statements for the Year Ended 31 May 2023

for

Lesmac Flexible Solutions Ltd.

Lesmac Flexible Solutions Ltd. (Registered number: SC343331)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Lesmac Flexible Solutions Ltd.

Company Information
for the Year Ended 31 May 2023







DIRECTOR: E R Kneale





REGISTERED OFFICE: 73 Dykehead Street
Queenslie Industrial Estate
Glasgow
G33 4AQ





REGISTERED NUMBER: SC343331 (Scotland)





ACCOUNTANTS: Graham & Co. (Accountants) Limited
76 Dumbarton Road
Clydebank
Glasgow
G81 1UG

Lesmac Flexible Solutions Ltd. (Registered number: SC343331)

Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 499 624

CURRENT ASSETS
Debtors 5 431,434 626,166
Cash at bank 464,762 366,506
896,196 992,672
CREDITORS
Amounts falling due within one year 6 662,754 755,369
NET CURRENT ASSETS 233,442 237,303
TOTAL ASSETS LESS CURRENT
LIABILITIES

233,941

237,927

CREDITORS
Amounts falling due after more than one
year

7

21,591

31,364
NET ASSETS 212,350 206,563

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 212,348 206,561
SHAREHOLDERS' FUNDS 212,350 206,563

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

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

The director acknowledges his 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.

Lesmac Flexible Solutions Ltd. (Registered number: SC343331)

Balance Sheet - continued
31 May 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 November 2023 and were signed by:





E R Kneale - Director


Lesmac Flexible Solutions Ltd. (Registered number: SC343331)

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

1. STATUTORY INFORMATION

Lesmac Flexible Solutions Ltd. is a private company, limited by shares , registered in Scotland. 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 etc - 20% on reducing balance

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 1 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2022
and 31 May 2023 4,660
DEPRECIATION
At 1 June 2022 4,036
Charge for year 125
At 31 May 2023 4,161
NET BOOK VALUE
At 31 May 2023 499
At 31 May 2022 624

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade debtors 173,395 368,127
Other debtors 258,039 258,039
431,434 626,166

Lesmac Flexible Solutions Ltd. (Registered number: SC343331)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 221,021 278,581
Amounts owed to group undertakings 300,000 300,000
Taxation and social security 125,713 162,233
Other creditors 6,020 4,555
662,754 755,369

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.23 31.5.22
£    £   
Bank loans 21,591 31,364

8. RELATED PARTY DISCLOSURES

Creditors includes £300,000 due to the group parent company and debtors includes £258,039 due by Lesmac Properties Ltd, a company controlled by the director.