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REGISTERED NUMBER: 01912613 (England and Wales)















LACEDANE LIMITED

Unaudited Financial Statements for the Year Ended 31 July 2023






LACEDANE LIMITED (REGISTERED NUMBER: 01912613)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

LACEDANE LIMITED

Company Information
for the Year Ended 31 July 2023







DIRECTOR: S Collins





SECRETARY: LJ Collins





REGISTERED OFFICE: The Vine Cottage
Railway Street
Bridgnorth
Shropshire
WV16 4AT





REGISTERED NUMBER: 01912613 (England and Wales)





ACCOUNTANTS: Lancaster Haskins Limited
Granville House
2 Tettenhall Road
Wolverhampton
West Midlands
WV1 4SB

LACEDANE LIMITED (REGISTERED NUMBER: 01912613)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investments 5 1 1
1 1

CURRENT ASSETS
Debtors 6 36,632 42,497
Investments 7 139,868 72,040
Cash at bank 50,289 169,248
226,789 283,785
CREDITORS
Amounts falling due within one year 8 65,900 43,056
NET CURRENT ASSETS 160,889 240,729
TOTAL ASSETS LESS CURRENT
LIABILITIES

160,890

240,730

CAPITAL AND RESERVES
Called up share capital 20,000 20,000
Retained earnings 140,890 220,730
SHAREHOLDERS' FUNDS 160,890 240,730

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

LACEDANE LIMITED (REGISTERED NUMBER: 01912613)

Balance Sheet - continued
31 July 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 4 March 2024 and were signed by:





S Collins - Director


LACEDANE LIMITED (REGISTERED NUMBER: 01912613)

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


1. STATUTORY INFORMATION

Lacedane 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 recognised at the point of service delivery.

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 - 10% on cost

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference shares or non-puttable ordinary shares which are measured at fair value, with changed recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

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.

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.

LACEDANE LIMITED (REGISTERED NUMBER: 01912613)

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


2. ACCOUNTING POLICIES - continued

Pensions costs
The company operates a defined contribution pension scheme for employees. the assets of the scheme are held separately from those of the company. The annual contributions payable are charged to the profit and loss account.

Investments at market value
Current asset investments have been valued at the bid price of the units as at the date of the Balance Sheet.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2022
and 31 July 2023 2,803
DEPRECIATION
At 1 August 2022
and 31 July 2023 2,803
NET BOOK VALUE
At 31 July 2023 -

5. FIXED ASSET INVESTMENTS

The company holds 1 share (100% of the share capital) in Ablec Limited.

The company is registered in England but has not traded since incorporation.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Amounts owed by participating interests 35,617 35,622
Other debtors 1,015 6,875
36,632 42,497

7. CURRENT ASSET INVESTMENTS
31.7.23 31.7.22
£    £   
Listed investments 139,868 72,040

LACEDANE LIMITED (REGISTERED NUMBER: 01912613)

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


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans and overdrafts 30,793 40,519
Social security and other taxes 1,767 1,627
Other creditors 223 223
Directors' current accounts 31,750 -
Accrued expenses 1,367 687
65,900 43,056

9. SECURED DEBTS

The following secured debts are included within creditors:

31.7.23 31.7.22
£    £   
Bank loans 30,793 40,519

The bank loans are secured by fixed and floating charges over the whole of the assets and undertakings of the company.

There is a guarantee in place of £300,000 held by S Collins supported by the company.

10. ULTIMATE CONTROLLING PARTY

Throughout the year the company was under the control of Mr.S.Collins, the major shareholder and managing director of the company.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Lacedane Limited


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Lacedane Limited for the year ended 31 July 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Lacedane Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Lacedane Limited and state those matters that we have agreed to state to the director of Lacedane Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Lacedane Limited and its director for our work or for this report.

It is your duty to ensure that Lacedane Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Lacedane Limited. You consider that Lacedane Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Lacedane Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Lancaster Haskins Limited
Granville House
2 Tettenhall Road
Wolverhampton
West Midlands
WV1 4SB


4 March 2024