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REGISTERED NUMBER: 04058689 (England and Wales)















Report of the Directors and

Unaudited Financial Statements for the Year Ended 31 December 2023

for

Lan Services Limited

Lan Services Limited (Registered number: 04058689)






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




Page

Company Information 1

Report of the Directors 2

Balance Sheet 3

Notes to the Financial Statements 5


Lan Services Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mr Andrew John Seddon
Mr Mark Alan Seddon
Mrs Kelly Seddon
Mrs Laura Margaret Seddon





SECRETARY: Mr Andrew John Seddon





REGISTERED OFFICE: Unit B Technology House
Innovation Park
Technology Road
POOLE
Dorset
BH17 7DA





REGISTERED NUMBER: 04058689 (England and Wales)





ACCOUNTANTS: Birkett & Co Ltd
186b Lower Blandford Road
Broadstone
Dorset
BH18 8DP

Lan Services Limited (Registered number: 04058689)

Report of the Directors
for the Year Ended 31 December 2023

The directors present their report with the financial statements of the company for the year ended 31 December 2023.

PRINCIPAL ACTIVITY
Commercial property refurbishment.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 January 2023 to the date of this report.

Mr Andrew John Seddon
Mr Mark Alan Seddon
Mrs Kelly Seddon
Mrs Laura Margaret Seddon

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Mr Andrew John Seddon - Director


7 March 2024

Lan Services Limited (Registered number: 04058689)

Balance Sheet
31 December 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 242,480 119,620
242,480 119,620

CURRENT ASSETS
Stocks 560,430 452,520
Debtors 6 224,199 340,416
Cash at bank 469,509 236,297
1,254,138 1,029,233
CREDITORS
Amounts falling due within one year 7 (1,127,542 ) (917,299 )
NET CURRENT ASSETS 126,596 111,934
TOTAL ASSETS LESS CURRENT
LIABILITIES

369,076

231,554

PROVISIONS FOR LIABILITIES (46,699 ) (10,631 )
NET ASSETS 322,377 220,923

Lan Services Limited (Registered number: 04058689)

Balance Sheet - continued
31 December 2023

2023 2022
Notes £    £   
CAPITAL AND RESERVES
Called up share capital 90 90
Capital redemption reserve 10 10
Retained earnings 322,277 220,823
SHAREHOLDERS' FUNDS 322,377 220,923

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 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 7 March 2024 and were signed on its behalf by:



Mr Andrew John Seddon - Director



Mr Mark Alan Seddon - Director


Lan Services Limited (Registered number: 04058689)

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

1. STATUTORY INFORMATION

Lan Services 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of five years.

Goodwill, being the amount paid in connection with the acquisition of a business, is amortised so as to show a realistic net value at the balance sheet date.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Land and buildings - in accordance with the property
Plant and machinery etc - 33% on reducing balance, 25% on reducing balance and 15% on reducing balance

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


Lan Services Limited (Registered number: 04058689)

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

2. ACCOUNTING POLICIES - continued
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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 32 (2022 - 29 ) .

Lan Services Limited (Registered number: 04058689)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023 23,333
Disposals (23,333 )
At 31 December 2023 -
AMORTISATION
At 1 January 2023 23,333
Eliminated on disposal (23,333 )
At 31 December 2023 -
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023 60,956 375,859 436,815
Additions 48,834 138,926 187,760
Disposals (60,956 ) (129,056 ) (190,012 )
At 31 December 2023 48,834 385,729 434,563
DEPRECIATION
At 1 January 2023 60,956 256,239 317,195
Charge for year 4,619 37,899 42,518
Eliminated on disposal (60,956 ) (106,674 ) (167,630 )
At 31 December 2023 4,619 187,464 192,083
NET BOOK VALUE
At 31 December 2023 44,215 198,265 242,480
At 31 December 2022 - 119,620 119,620

Lan Services Limited (Registered number: 04058689)

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

6. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 134,169 275,690
Other debtors 59,420 44,966
193,589 320,656

Amounts falling due after more than one year:
Other debtors 30,610 19,760

Aggregate amounts 224,199 340,416

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 341,305 358,799
Taxation and social security 252,006 285,809
Other creditors 534,231 272,691
1,127,542 917,299