Registered number
09337881
Lane Organisation Limited
Filleted Accounts
31 December 2023
Lane Organisation Limited
Registered number: 09337881
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 4 5,897 6,645
Tangible assets 5 80,768 105,055
Investments 6 776,230 776,230
862,895 887,930
Current assets
Debtors 7 254,888 161,450
Cash at bank and in hand 167,128 4,996
422,016 166,446
Creditors: amounts falling due within one year 8 (1,209,100) (856,715)
Net current liabilities (787,084) (690,269)
Total assets less current liabilities 75,811 197,661
Provisions for liabilities (20,192) (25,705)
Net assets 55,619 171,956
Capital and reserves
Called up share capital 100 100
Profit and loss account 55,519 171,856
Shareholders' funds 55,619 171,956
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Simon Lane
Director
Approved by the board on 30 April 2024
Lane Organisation Limited
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes, for the rendering of services in the normal course of business.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses. Amortisation is recognised so as to write off the cost or valuation of assets over their useful life on the following bases:
Vehicle registration plate 20% straight line
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 20% straight line
Motor vehicles 25% straight line
Investments
Investments in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. Debtors recoverable in more than one year are not amortised.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. Creditors payable in more than one year are not amortised.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.
Leases
Rentals payable under operating leases are charged to the profit and loss account on a straight line basis over the term of the lease.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Audit information
The audit report is unqualified.
Senior statutory auditor: Daniel Valentine
Firm: Begbies, Chartered Accountants
Date of audit report: 30 April 2024
3 Employees 2023 2022
Number Number
Average number of persons employed by the company 6 6
4 Intangible fixed assets £
Cost
At 1 January 2023 18,450
Additions 3,269
At 31 December 2023 21,719
Amortisation
At 1 January 2023 11,805
Provided during the year 4,017
At 31 December 2023 15,822
Net book value
At 31 December 2023 5,897
At 31 December 2022 6,645
5 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 January 2023 - 148,954 148,954
Additions 15,369 - 15,369
At 31 December 2023 15,369 148,954 164,323
Depreciation
At 1 January 2023 - 43,899 43,899
Charge for the year 2,417 37,239 39,656
At 31 December 2023 2,417 81,138 83,555
Net book value
At 31 December 2023 12,952 67,816 80,768
At 31 December 2022 - 105,055 105,055
6 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 January 2023 776,230
At 31 December 2023 776,230
7 Debtors 2023 2022
£ £
Trade debtors 217,790 17,690
Other debtors 37,098 143,760
254,888 161,450
8 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 10,251 -
Amounts owed to group undertakings 681,936 731,502
Taxation and social security costs 265,959 104,372
Other creditors 250,954 20,841
1,209,100 856,715
9 Other financial commitments 2023 2022
£ £
Total future minimum payments under non-cancellable operating leases 54,854 36,000
10 Subsidiaries
These financial statements are separate financial statements for Lane Organisation Ltd. The company is exempt from preparing consilidated financial statements by virtue of s399 Companies Act 2006. Details of the company's subsidiaries at 31st December 2023 are as follows
Name of undertaking Nature of business Class of % Held
shareholding
Fruco Plc Fruit and vegetable importers and distributors Ordinary shares 100
The investment in the subsidiary is stated at cost
11 Other information
Lane Organisation Limited is a private company limited by shares and incorporated in England. Its registered office is:
5 Warren Court
Park Road
Crowborough
TN6 2QX
Lane Organisation Limited 09337881 false 2023-01-01 2023-12-31 2023-12-31 VT Final Accounts April 2024 Mr Simon Lane No description of principal activity 09337881 2022-01-01 2022-12-31 09337881 core:WithinOneYear 2022-12-31 09337881 core:ShareCapital 2022-12-31 09337881 core:RetainedEarningsAccumulatedLosses 2022-12-31 09337881 core:AllPeriods 2022-12-31 09337881 2023-01-01 2023-12-31 09337881 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 09337881 bus:Audited 2023-01-01 2023-12-31 09337881 bus:Director40 2023-01-01 2023-12-31 09337881 1 2023-01-01 2023-12-31 09337881 2 2023-01-01 2023-12-31 09337881 core:Goodwill 2023-01-01 2023-12-31 09337881 core:PlantMachinery 2023-01-01 2023-12-31 09337881 core:Vehicles 2023-01-01 2023-12-31 09337881 countries:England 2023-01-01 2023-12-31 09337881 bus:FRS102 2023-01-01 2023-12-31 09337881 bus:FilletedAccounts 2023-01-01 2023-12-31 09337881 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 09337881 2023-12-31 09337881 core:WithinOneYear 2023-12-31 09337881 core:ShareCapital 2023-12-31 09337881 core:RetainedEarningsAccumulatedLosses 2023-12-31 09337881 core:Goodwill 2023-12-31 09337881 core:PlantMachinery 2023-12-31 09337881 core:Vehicles 2023-12-31 09337881 core:AllPeriods 2023-12-31 09337881 2022-12-31 09337881 core:Goodwill 2022-12-31 09337881 core:PlantMachinery 2022-12-31 09337881 core:Vehicles 2022-12-31 iso4217:GBP xbrli:pure