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REGISTERED NUMBER: 03196786 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023

FOR

THE LAN PLATFORM LIMITED

THE LAN PLATFORM LIMITED (REGISTERED NUMBER: 03196786)






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


THE LAN PLATFORM LIMITED

COMPANY INFORMATION
for the year ended 31 MAY 2023







DIRECTORS: M Labbett
P W Ockwell





SECRETARY: P W Ockwell





REGISTERED OFFICE: 2 Reynolds Court
Bath Road
Thatcham
Berks
RG18 3JN





REGISTERED NUMBER: 03196786 (England and Wales)





ACCOUNTANTS: C B Heslop & Company Limited
Chartered Accountants
1 High Street
Thatcham
Berks
RG19 3JG

THE LAN PLATFORM LIMITED (REGISTERED NUMBER: 03196786)

BALANCE SHEET
31 MAY 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,313 3,212

CURRENT ASSETS
Stocks 2,820 2,000
Debtors 5 8,032 1,920
Cash at bank 2,216 10,041
13,068 13,961
CREDITORS
Amounts falling due within one year 6 14,485 14,458
NET CURRENT LIABILITIES (1,417 ) (497 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

896

2,715

PROVISIONS FOR LIABILITIES 439 610
NET ASSETS 457 2,105

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 357 2,005
SHAREHOLDERS' FUNDS 457 2,105

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 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.

THE LAN PLATFORM LIMITED (REGISTERED NUMBER: 03196786)

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 Board of Directors and authorised for issue on 28 November 2023 and were signed on its behalf by:





P W Ockwell - Director


THE LAN PLATFORM LIMITED (REGISTERED NUMBER: 03196786)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 MAY 2023

1. STATUTORY INFORMATION

The LAN Platform 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.
Plant and machinery - at variable rates on reducing balance
Office equipment - 25% on cost

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

3. EMPLOYEES AND DIRECTORS

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

THE LAN PLATFORM LIMITED (REGISTERED NUMBER: 03196786)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 MAY 2023

4. TANGIBLE FIXED ASSETS
Plant and Office
machinery equipment Totals
£    £    £   
COST
At 1 June 2022
and 31 May 2023 20,885 1,304 22,189
DEPRECIATION
At 1 June 2022 18,057 920 18,977
Charge for year 707 192 899
At 31 May 2023 18,764 1,112 19,876
NET BOOK VALUE
At 31 May 2023 2,121 192 2,313
At 31 May 2022 2,828 384 3,212

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade debtors 7,548 1,920
Other debtors 484 -
8,032 1,920

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade creditors 740 111
Taxation and social security 11,544 12,241
Other creditors 2,201 2,106
14,485 14,458

7. CONTINGENT LIABILITIES

There were no contingent liabilities at the balance sheet date or at 31 May 2022.

8. RELATED PARTY DISCLOSURES

Included within other creditors is £375 owing to Mr Labbett (2022 : £3) and £1,825 owing to Mr Ockwell (2022 : £1,453) Both are directors and joint shareholders of the Company.


9. ULTIMATE CONTROLLING PARTY

The Directors, Mr Labbett and Mr Ockwell, are considered the ultimate controlling party by virtue of their shareholdings.