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REGISTERED NUMBER: 07694500 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 September 2023

for

Lenica Building Solutions Limited

Lenica Building Solutions Limited (Registered number: 07694500)






Contents of the Financial Statements
for the Year Ended 29 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Lenica Building Solutions Limited

Company Information
for the Year Ended 29 September 2023







DIRECTORS: Mr D Elliott
Mr M A Nithsdale
Mr P S Saunders





REGISTERED OFFICE: Abacus House
Pennine Business Park
Longbow Close
Huddersfield
West Yorkshire
HD2 1GQ





REGISTERED NUMBER: 07694500 (England and Wales)





ACCOUNTANTS: Crowther Chartered Accountants
Abacus House
Pennine Business Park
Longbow Close
Huddersfield
West Yorkshire
HD2 1GQ

Lenica Building Solutions Limited (Registered number: 07694500)

Balance Sheet
29 September 2023

29.9.23 29.9.22
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 16,205 22,467

CURRENT ASSETS
Stocks 5 43,000 113,394
Debtors 6 494,198 683,024
Cash at bank and in hand 123,629 171,847
660,827 968,265
CREDITORS
Amounts falling due within one year 7 342,661 401,767
NET CURRENT ASSETS 318,166 566,498
TOTAL ASSETS LESS CURRENT
LIABILITIES

334,371

588,965

CREDITORS
Amounts falling due after more than one
year

8

(19,167

)

(28,333

)

PROVISIONS FOR LIABILITIES - (4,269 )
NET ASSETS 315,204 556,363

CAPITAL AND RESERVES
Called up share capital 12 300 300
Retained earnings 13 314,904 556,063
SHAREHOLDERS' FUNDS 315,204 556,363

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 September 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.

Lenica Building Solutions Limited (Registered number: 07694500)

Balance Sheet - continued
29 September 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 26 March 2024 and were signed on its behalf by:




Mr M A Nithsdale - Director Mr D Elliott - Director




Mr P S Saunders - Director


Lenica Building Solutions Limited (Registered number: 07694500)

Notes to the Financial Statements
for the Year Ended 29 September 2023

1. STATUTORY INFORMATION

Lenica Building Solutions 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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% 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.

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.

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.

Lenica Building Solutions Limited (Registered number: 07694500)

Notes to the Financial Statements - continued
for the Year Ended 29 September 2023

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£ £ £ £ £
COST
At 30 September 2022 1,302 550 40,747 11,054 53,653
Additions - - - 1,301 1,301
Disposals - - (10,360 ) - (10,360 )
At 29 September 2023 1,302 550 30,387 12,355 44,594
DEPRECIATION
At 30 September 2022 779 448 20,654 9,305 31,186
Charge for year 104 20 4,678 1,378 6,180
Eliminated on disposal - - (8,977 ) - (8,977 )
At 29 September 2023 883 468 16,355 10,683 28,389
NET BOOK VALUE
At 29 September 2023 419 82 14,032 1,672 16,205
At 29 September 2022 523 102 20,093 1,749 22,467

Included in the above are assets held on hire purchase with net book value at the balance sheet of £Nil (2022 - £3,489). The depreciation charge on these assets for the year is £Nil (2022 - £1,163).

5. STOCKS
29.9.23 29.9.22
£ £
Stocks 43,000 113,394

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.9.23 29.9.22
£ £
Trade debtors 333,555 484,121
Factoring account - 636
Other debtors 1,576 596
Directors' loan accounts 132,806 195,365
Tax 12,174 -
Deferred tax asset 11,969 -
Prepayments 2,118 2,306
494,198 683,024

Lenica Building Solutions Limited (Registered number: 07694500)

Notes to the Financial Statements - continued
for the Year Ended 29 September 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.9.23 29.9.22
£ £
Bank loans and overdrafts (see note 9) 10,000 10,000
Hire purchase contracts (see note 10) - 1,225
Trade creditors 202,503 237,922
Factoring account 69,435 -
Tax - 88,917
Social security and other tax 9,246 16,626
VAT 24,460 23,100
Other creditors 2,792 3,154
Pension fund 279 285
Credit card 20,504 17,565
Accrued expenses 3,442 2,973
342,661 401,767

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.9.23 29.9.22
£ £
Bank loans (see note 9) 19,167 28,333

9. LOANS

An analysis of the maturity of loans is given below:

29.9.23 29.9.22
£ £
Amounts falling due within one year or on demand:
Bank loans 10,000 10,000

Amounts falling due between two and five years:
Bank loans - 2-5 years 19,167 28,333

10. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
29.9.23 29.9.22
£ £
Net obligations repayable:
Within one year - 1,225

Non-cancellable
operating leases
29.9.23 29.9.22
£ £
Within one year 9,583 5,513

Lenica Building Solutions Limited (Registered number: 07694500)

Notes to the Financial Statements - continued
for the Year Ended 29 September 2023

11. SECURED DEBTS

The following secured debts are included within creditors:

29.9.23 29.9.22
£ £
Bank loans 29,167 38,333
Hire purchase contracts - 1,225
29,167 39,558

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.9.23 29.9.22
value: £ £
300 Ordinary £1 300 300

13. RESERVES
Retained
earnings
£

At 30 September 2022 556,063
Deficit for the year (45,793 )
Dividends (195,366 )
At 29 September 2023 314,904

Lenica Building Solutions Limited (Registered number: 07694500)

Notes to the Financial Statements - continued
for the Year Ended 29 September 2023

14. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 29 September 2023 and 29 September 2022:

29.9.2329.9.22
££
Director 1
Balance outstanding at start of year48,18655,897
Amounts advanced55,96948,189
Amounts repaid(57,282)(55,900)
Amounts written off--
Amounts waived--
Balance outstanding at end of year46,87348,186

Director 2
Balance outstanding at start of year83,80341,652
Amounts advanced55,33683,851
Amounts repaid(96,528)(41,700)
Amounts written off--
Amounts waived--
Balance outstanding at end of year42,61183,803

Director 3
Balance outstanding at start of year63,37645,059
Amounts advanced52,41863,417
Amounts repaid(72,472)(45,100)
Amounts written off--
Amounts waived--
Balance outstanding at end of year43,32263,376