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REGISTERED NUMBER: 09459416 (England and Wales)















Financial Statements for the Year Ended 31 August 2023

for

Lane Britton and Jenkins Limited

Lane Britton and Jenkins Limited (Registered number: 09459416)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Lane Britton and Jenkins Limited

Company Information
for the Year Ended 31 August 2023







DIRECTOR: T D S Lane





REGISTERED OFFICE: Bishops Leys Business Park
Butts Lane
Woodmancote
Cheltenham
Glos
GL52 9AB





REGISTERED NUMBER: 09459416 (England and Wales)






Lane Britton and Jenkins Limited (Registered number: 09459416)

Balance Sheet
31 August 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 383,352 379,800

CURRENT ASSETS
Stocks 270,000 276,520
Debtors 5 1,323,080 687,908
Cash at bank 55,941 36,271
1,649,021 1,000,699
CREDITORS
Amounts falling due within one year 6 698,203 551,353
NET CURRENT ASSETS 950,818 449,346
TOTAL ASSETS LESS CURRENT LIABILITIES 1,334,170 829,146

CREDITORS
Amounts falling due after more than one
year

7

234,646

298,921
NET ASSETS 1,099,524 530,225

CAPITAL AND RESERVES
Called up share capital 1,080,415 1,121,097
Revaluation reserve 9 (2,871 ) (2,871 )
Retained earnings 21,980 (588,001 )
SHAREHOLDERS' FUNDS 1,099,524 530,225

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

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

Lane Britton and Jenkins Limited (Registered number: 09459416)

Balance Sheet - continued
31 August 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 10 March 2024 and were signed by:





T D S Lane - Director


Lane Britton and Jenkins Limited (Registered number: 09459416)

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


1. STATUTORY INFORMATION

Lane Britton and Jenkins 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 as modified by the revaluation of certain assets.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on cost and 20% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Lane Britton and Jenkins Limited (Registered number: 09459416)

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


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Going concern
These financial statements have been prepared on a going concern basis. The director is of the opinion that this basis is appropriate as they have continued support from their long term creditors.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST OR VALUATION
At 1 September 2022 325,000 55,496 42,096 3,233 425,825
Additions - 19,678 - - 19,678
At 31 August 2023 325,000 75,174 42,096 3,233 445,503
DEPRECIATION
At 1 September 2022 - 19,842 23,471 2,712 46,025
Charge for year - 11,066 4,656 404 16,126
At 31 August 2023 - 30,908 28,127 3,116 62,151
NET BOOK VALUE
At 31 August 2023 325,000 44,266 13,969 117 383,352
At 31 August 2022 325,000 35,654 18,625 521 379,800

Cost or valuation at 31 August 2023 is represented by:

Freehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
Valuation in 2022 21,895 - - - 21,895
Cost 303,105 75,174 42,096 3,233 423,608
325,000 75,174 42,096 3,233 445,503

Lane Britton and Jenkins Limited (Registered number: 09459416)

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


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST OR VALUATION
At 1 September 2022
and 31 August 2023 35,000 36,496 71,496
DEPRECIATION
At 1 September 2022 10,500 20,496 30,996
Charge for year 4,900 4,000 8,900
At 31 August 2023 15,400 24,496 39,896
NET BOOK VALUE
At 31 August 2023 19,600 12,000 31,600
At 31 August 2022 24,500 16,000 40,500

5. DEBTORS
31.8.23 31.8.22
£    £   
Amounts falling due within one year:
Trade debtors 831,518 336,187
Other debtors 341,562 201,721
1,173,080 537,908

Amounts falling due after more than one year:
Other debtors 150,000 150,000

Aggregate amounts 1,323,080 687,908

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Bank loans and overdrafts 4,231 11,192
Hire purchase contracts 14,237 14,848
Trade creditors 437,999 375,263
Taxation and social security 87,870 82,490
Other creditors 153,866 67,560
698,203 551,353

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.8.23 31.8.22
£    £   
Bank loans 217,575 250,805
Hire purchase contracts 16,986 28,116
Other creditors 85 20,000
234,646 298,921

Lane Britton and Jenkins Limited (Registered number: 09459416)

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


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.8.23 31.8.22
£    £   
Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 217,575 211,764

8. SECURED DEBTS

The following secured debts are included within creditors:

31.8.23 31.8.22
£    £   
Bank Loans 171,535 211,764

The bank loans are secured by fixed and floating charges over the company's assets.

9. RESERVES
Revaluation
reserve
£   
At 1 September 2022
and 31 August 2023 (2,871 )

10. RELATED PARTY DISCLOSURES

During the year, the company made a loan of £63,071 (2022- £Nil) to Butts Lane Ltd, a company of which Mr T D S Lane, a director of the company, owns 100% of the share capital.

During the year, the company made a loan of £98,214 (2022- £Nil) to 456 High Street Ltd, a company of which Mr T D S Lane, a director of the company, owns 100% of the share capital.

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is T D S Lane.