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REGISTERED NUMBER: 09042633 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

TERRA-VAC LAKENHEATH LIMITED

PREVIOUSLY KNOWN AS
LAKENHEATH FAB LIMITED

TERRA-VAC LAKENHEATH LIMITED (REGISTERED NUMBER: 09042633)
PREVIOUSLY KNOWN AS LAKENHEATH FAB LIMITED






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TERRA-VAC LAKENHEATH LIMITED
PREVIOUSLY KNOWN AS LAKENHEATH FAB LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTOR: J Hall





REGISTERED OFFICE: Station Road
Lakenheath
Brandon
Suffolk
IP27 9AD





REGISTERED NUMBER: 09042633 (England and Wales)





ACCOUNTANTS: Wheelers
Chartered Accountants & Tax Consultants
27-29 Old Market
Wisbech
Cambridgeshire
PE13 1NE

TERRA-VAC LAKENHEATH LIMITED (REGISTERED NUMBER: 09042633)
PREVIOUSLY KNOWN AS LAKENHEATH FAB LIMITED

BALANCE SHEET
30 NOVEMBER 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 4,625 -
Tangible assets 5 66,463 7,682
71,088 7,682

CURRENT ASSETS
Stocks 6 71,334 13,187
Debtors 7 60,524 46,254
Cash at bank 5,659 -
137,517 59,441
CREDITORS
Amounts falling due within one year 8 28,046 3,838
NET CURRENT ASSETS 109,471 55,603
TOTAL ASSETS LESS CURRENT
LIABILITIES

180,559

63,285

CREDITORS
Amounts falling due after more than one year 9 279,641 130,276
NET LIABILITIES (99,082 ) (66,991 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (99,182 ) (67,091 )
SHAREHOLDERS' FUNDS (99,082 ) (66,991 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

TERRA-VAC LAKENHEATH LIMITED (REGISTERED NUMBER: 09042633)
PREVIOUSLY KNOWN AS LAKENHEATH FAB LIMITED

BALANCE SHEET - continued
30 NOVEMBER 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 August 2024 and were signed by:





J Hall - Director


TERRA-VAC LAKENHEATH LIMITED (REGISTERED NUMBER: 09042633)
PREVIOUSLY KNOWN AS LAKENHEATH FAB LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1. STATUTORY INFORMATION

Terra-Vac Lakenheath 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

Going concern
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.

At the balance sheet date the company had net liabilities of £99,082 by virtue of its total liabilities exceeding its total assets. The director is confident that the going concern basis for the preparation of the financial statements is appropriate, and the company has received written confirmation that Hall Contracts Limited will continue to support the company for the foreseeable future.

Changes in accounting estimates
In prior years, depreciation on leasehold improvements was charged at 25% reducing balance. In the current year, depreciation has been charged at 10% straight line to more accurately reflect the fall in value of the assets and will be used hereafter.

This has resulted in a reduction in the depreciation charge for the year of £2,234.

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 2023, is being amortised evenly over its estimated useful life of ten years.

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 each asset over its estimated useful life.
Leasehold improvements - 10% on cost
Plant and machinery - 15% on reducing balance
Motor vehicles - 20% 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.


TERRA-VAC LAKENHEATH LIMITED (REGISTERED NUMBER: 09042633)
PREVIOUSLY KNOWN AS LAKENHEATH FAB LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 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.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
Additions 5,000
At 30 November 2023 5,000
AMORTISATION
Amortisation for year 375
At 30 November 2023 375
NET BOOK VALUE
At 30 November 2023 4,625

TERRA-VAC LAKENHEATH LIMITED (REGISTERED NUMBER: 09042633)
PREVIOUSLY KNOWN AS LAKENHEATH FAB LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

5. TANGIBLE FIXED ASSETS
Leasehold Plant and Motor
improvements machinery vehicles Totals
£    £    £    £   
COST
At 1 December 2022 22,358 - - 22,358
Additions 32,798 25,736 10,587 69,121
Disposals - (2,000 ) (500 ) (2,500 )
At 30 November 2023 55,156 23,736 10,087 88,979
DEPRECIATION
At 1 December 2022 14,676 - - 14,676
Charge for year 3,788 2,793 1,503 8,084
Eliminated on disposal - (150 ) (94 ) (244 )
At 30 November 2023 18,464 2,643 1,409 22,516
NET BOOK VALUE
At 30 November 2023 36,692 21,093 8,678 66,463
At 30 November 2022 7,682 - - 7,682

6. STOCKS
30.11.23 30.11.22
£    £   
Stocks 71,334 13,187

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 32,642 21,900
Other debtors 27,882 24,354
60,524 46,254

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade creditors 20,051 961
Other creditors 7,995 2,877
28,046 3,838

TERRA-VAC LAKENHEATH LIMITED (REGISTERED NUMBER: 09042633)
PREVIOUSLY KNOWN AS LAKENHEATH FAB LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Other creditors 279,641 130,276

10. SECURED DEBTS

The following secured debts are included within creditors:

30.11.23 30.11.22
£    £   
Other creditors 279,641 130,276