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REGISTERED NUMBER: 06945781 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

Lantec Security Limited

Lantec Security Limited (Registered number: 06945781)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Lantec Security Limited

Company Information
for the Year Ended 30 June 2023







DIRECTORS: Miss C J Lane
S J Lane





REGISTERED OFFICE: Unit 4C Woodley Park Estate
Reading Road
Woodley
Reading
RG5 3AW





REGISTERED NUMBER: 06945781 (England and Wales)





ACCOUNTANTS: EDMONDS ACCOUNTANCY LIMITED
Unit 11, Diddenham Bus Park,
Diddenham Court
Grazeley,
READING
Berkshire
RG7 1JQ

Lantec Security Limited (Registered number: 06945781)

Statement of Financial Position
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 44,010 51,260

CURRENT ASSETS
Stocks 50,000 25,000
Debtors 5 167,214 210,544
Cash at bank 153,969 93,586
371,183 329,130
CREDITORS
Amounts falling due within one year 6 350,736 293,924
NET CURRENT ASSETS 20,447 35,206
TOTAL ASSETS LESS CURRENT
LIABILITIES

64,457

86,466

CREDITORS
Amounts falling due after more than one year 7 (32,157 ) (76,289 )

PROVISIONS FOR LIABILITIES (8,362 ) (9,739 )
NET ASSETS 23,938 438

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 23,838 338
23,938 438

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Lantec Security Limited (Registered number: 06945781)

Statement of Financial Position - continued
30 June 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 28 March 2024 and were signed on its behalf by:





S J Lane - Director


Lantec Security Limited (Registered number: 06945781)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Lantec Security 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.

Revenue is recognised for the provision of services as the contractual activity progresses and for the provision of goods on the date of despatch.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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 Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 8 ) .

Lantec Security Limited (Registered number: 06945781)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2022 84,330
Additions 7,906
At 30 June 2023 92,236
DEPRECIATION
At 1 July 2022 33,070
Charge for year 15,156
At 30 June 2023 48,226
NET BOOK VALUE
At 30 June 2023 44,010
At 30 June 2022 51,260

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 118,720 182,204
Amounts owed by group undertakings 11,403 1,107
Other debtors 37,091 27,233
167,214 210,544

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans and overdrafts 19,214 29,054
Hire purchase contracts 30,862 7,494
Trade creditors 113,751 130,678
Amounts owed to group undertakings - 2,007
Taxation and social security 70,645 56,592
Other creditors 116,264 68,099
350,736 293,924

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans 19,165 29,165
Hire purchase contracts 12,992 47,124
32,157 76,289

Lantec Security Limited (Registered number: 06945781)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 June 2023 and 30 June 2022:

30.6.23 30.6.22
£    £   
Miss C J Lane and S J Lane
Balance outstanding at start of year 6,883 19,968
Amounts repaid (7,324 ) (13,085 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (441 ) 6,883