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REGISTERED NUMBER: 02320354 (England and Wales)

















Financial Statements

For The Year Ended 31 December 2023

for

Licharz Ltd

Licharz Ltd (Registered number: 02320354)

Contents of the Financial Statements
For The Year Ended 31 December 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Licharz Ltd

Company Information
For The Year Ended 31 December 2023







DIRECTOR: C P O Lose





REGISTERED OFFICE: 34 Lanchester Way
Royal Oak Industrial Estate
Daventry
Northamptonshire
NN11 8PH





REGISTERED NUMBER: 02320354 (England and Wales)





AUDITORS: Giess Wallis Crisp LLP
Chartered Accountants
& Registered Auditors
10/12 Mulberry Green
Old Harlow
Essex
CM17 0ET

Licharz Ltd (Registered number: 02320354)

Statement of Financial Position
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 31,083 39,263

CURRENT ASSETS
Stocks 525,424 474,914
Debtors 6 248,369 192,688
Cash at bank and in hand 121,148 187,285
894,941 854,887
CREDITORS
Amounts falling due within one year 7 96,720 109,360
NET CURRENT ASSETS 798,221 745,527
TOTAL ASSETS LESS CURRENT
LIABILITIES

829,304

784,790

CREDITORS
Amounts falling due after more than one
year

8

(277,628

)

(307,628

)

PROVISIONS FOR LIABILITIES (6,144 ) -
NET ASSETS 545,532 477,162

CAPITAL AND RESERVES
Called up share capital 10 447,931 447,931
Capital redemption reserve 33 33
Retained earnings 97,568 29,198
SHAREHOLDERS' FUNDS 545,532 477,162

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 director and authorised for issue on 8 April 2024 and were signed by:





C P O Lose - Director


Licharz Ltd (Registered number: 02320354)

Notes to the Financial Statements
For The Year Ended 31 December 2023


1. STATUTORY INFORMATION

Licharz Ltd 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

There are no estimates and assumptions which have had a significant risk of causing a material adjustment to the carrying amount of assets and liabilities

Turnover
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities.

Turnover is shown net of VAT and trade discounts.

Revenue is recognised on the delivery of goods to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - Straight line over 10 years
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Recognition and impairment of tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost net of depreciation and any impairment losses.

The entity reviews the carrying value's of its tangible fixed assets at each reporting date, to determine wether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the estimated recoverable value of the asset is used to determine the extent of the impairment loss (if any).

Stocks
Stocks are measured at the lower of cost and estimated selling price less cost to complete and sell.

Cost is determined using the average cost method. The carrying amount of stock is recognised as an expense in the period in which the related revenue is recognised.

Licharz Ltd (Registered number: 02320354)

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


3. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11:'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues ' of FRS 102 to all of its financial instruments

The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities such as trade debtors and creditors.

Financial assets and liabilities are offset and the net amount reported in the statement of financial position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Debtors
Short terms debtors are measured at transaction price, less any impairment.

Cash and cash equivalents
Cash is represented by current accounts, cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors
Short term creditors are measured at the transaction price.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 9 ) .

Licharz Ltd (Registered number: 02320354)

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


5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 January 2023 38,205 155,149 27,496 21,512 242,362
Additions - - 2,792 - 2,792
Disposals - - (3,249 ) - (3,249 )
At 31 December 2023 38,205 155,149 27,039 21,512 241,905
DEPRECIATION
At 1 January 2023 38,205 133,481 16,708 14,705 203,099
Charge for year - 5,417 3,394 1,701 10,512
Eliminated on disposal - - (2,789 ) - (2,789 )
At 31 December 2023 38,205 138,898 17,313 16,406 210,822
NET BOOK VALUE
At 31 December 2023 - 16,251 9,726 5,106 31,083
At 31 December 2022 - 21,668 10,788 6,807 39,263

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 235,846 169,738
Other debtors 12,523 22,950
248,369 192,688

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 2 1,078
Amounts owed to group undertakings 30,000 30,000
Taxation and social security 53,976 58,278
Other creditors 12,742 20,004
96,720 109,360

Amounts owed to group undertakings relates to an unsecured loan that accrues interest at 1.1% per annum. The loan is repayable by monthly payments of £2,500 with the interest being calculated and paid annually.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Amounts owed to group undertakings 277,628 307,628

Amounts owed to group undertakings relates to an unsecured loan that accrues interest at 1.1% per annum. The loan is repayable by monthly payments of £2,500 with the interest being calculated and paid annually.
Amounts due after more than 5 years total £157,628 (2022: £187,628).

Licharz Ltd (Registered number: 02320354)

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


9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 70,000 -
Between one and five years 280,000 -
In more than five years 303,333 -
653,333 -

During the year the company signed a 10 year non-cancellable lease in relation to the trading premises. The company took the option to not include a break clause for both the long term security of the business and to take advantage of a reduced annual rent.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
447,931 Ordinary £1 447,931 447,931

11. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Laurence Miles FCA (Senior Statutory Auditor)
for and on behalf of Giess Wallis Crisp LLP

12. ULTIMATE CONTROLLING PARTY

The ultimate parent undertaking and the controlling undertaking of the smallest group for which consolidated financial statements are drawn up is Uranos Beteiligungen GmbH District court of Montabaur HRB 27915, a company incorporated in Germany.

The registered office of Uranos Beteiligungen GmbH is Industriepark Nord 13, 53567 Buchholz (Weterwald), Rheinland-Pfalz, Germany.