LANEY TRADING LIMITED

Company Registration Number:
11507633 (England and Wales)

Unaudited statutory accounts for the year ended 31 August 2023

Period of accounts

Start date: 1 September 2022

End date: 31 August 2023

LANEY TRADING LIMITED

Contents of the Financial Statements

for the Period Ended 31 August 2023

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

LANEY TRADING LIMITED

Directors' report period ended 31 August 2023

The directors present their report with the financial statements of the company for the period ended 31 August 2023

Directors

The director shown below has held office during the whole of the period from
1 September 2022 to 31 August 2023

Philip Lowman Laney


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
1 March 2024

And signed on behalf of the board by:
Name: Philip Lowman Laney
Status: Director

LANEY TRADING LIMITED

Profit And Loss Account

for the Period Ended 31 August 2023

2023 2022


£

£
Turnover: 5,289,012 4,293,840
Cost of sales: ( 3,290,385 ) ( 2,384,975 )
Gross profit(or loss): 1,998,627 1,908,865
Distribution costs: ( 277,833 ) ( 238,747 )
Administrative expenses: ( 398,476 ) ( 347,585 )
Operating profit(or loss): 1,322,318 1,322,533
Profit(or loss) before tax: 1,322,318 1,322,533
Tax: ( 201,758 ) ( 228,344 )
Profit(or loss) for the financial year: 1,120,560 1,094,189

LANEY TRADING LIMITED

Balance sheet

As at 31 August 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 1,684,931 1,255,956
Total fixed assets: 1,684,931 1,255,956
Current assets
Stocks: 4 746,731 502,844
Debtors: 5 1,182,730 939,447
Cash at bank and in hand: 515,842 350,423
Total current assets: 2,445,303 1,792,714
Creditors: amounts falling due within one year: 6 ( 318,465 ) ( 357,641 )
Net current assets (liabilities): 2,126,838 1,435,073
Total assets less current liabilities: 3,811,769 2,691,029
Total net assets (liabilities): 3,811,769 2,691,029
Capital and reserves
Called up share capital: 190,000 190,000
Profit and loss account: 3,621,769 2,501,029
Total Shareholders' funds: 3,811,769 2,691,029

The notes form part of these financial statements

LANEY TRADING LIMITED

Balance sheet statements

For the year ending 31 August 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 1 March 2024
and signed on behalf of the board by:

Name: Philip Lowman Laney
Status: Director

The notes form part of these financial statements

LANEY TRADING LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

LANEY TRADING LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 14 11

LANEY TRADING LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 September 2022 941,585 101,633 54,414 60,416 246,606 1,404,654
Additions 354,760 64,381 15,643 49,269 484,053
Disposals
Revaluations
Transfers
At 31 August 2023 1,296,345 166,014 70,057 60,416 295,875 1,888,707
Depreciation
At 1 September 2022 26,779 15,904 26,261 79,754 148,698
Charge for year 11,342 6,653 8,432 28,651 55,078
On disposals
Other adjustments
At 31 August 2023 38,121 22,557 34,693 108,405 203,776
Net book value
At 31 August 2023 1,296,345 127,893 47,500 25,723 187,470 1,684,931
At 31 August 2022 941,585 74,854 38,510 34,155 166,852 1,255,956

LANEY TRADING LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2023

4. Stocks

2023 2022
£ £
Stocks 746,731 502,844
Total 746,731 502,844

LANEY TRADING LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2023

5. Debtors

2023 2022
£ £
Trade debtors 1,182,730 939,447
Total 1,182,730 939,447

LANEY TRADING LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2023

6. Creditors: amounts falling due within one year note

2023 2022
£ £
Trade creditors 116,707 181,993
Taxation and social security 201,758 175,648
Total 318,465 357,641