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REGISTERED NUMBER: 10578933 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

LANAI OUTDOOR COMMERCIAL LIMITED

LANAI OUTDOOR COMMERCIAL LIMITED (REGISTERED NUMBER: 10578933)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 January 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LANAI OUTDOOR COMMERCIAL LIMITED

COMPANY INFORMATION
For The Year Ended 31 January 2024







DIRECTOR: P L Morris





REGISTERED OFFICE: 4 Office Village
Forder Way, Cygnet Park
Hampton
Peterborough
Cambridgeshire
PE7 8GX





REGISTERED NUMBER: 10578933 (England and Wales)





ACCOUNTANTS: TC CH Limited
4 Office Village
Forder Way
Cygnet Park, Hampton
Peterborough
Cambridgeshire
PE7 8GX

LANAI OUTDOOR COMMERCIAL LIMITED (REGISTERED NUMBER: 10578933)

BALANCE SHEET
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 13,973 18,709

CURRENT ASSETS
Debtors 5 537,161 568,547
Cash at bank and in hand 147,406 78,139
684,567 646,686
CREDITORS
Amounts falling due within one year 6 687,706 512,357
NET CURRENT (LIABILITIES)/ASSETS (3,139 ) 134,329
TOTAL ASSETS LESS CURRENT LIABILITIES 10,834 153,038

CREDITORS
Amounts falling due after more than one
year

7

(92,116

)

-

PROVISIONS FOR LIABILITIES 8 (3,493 ) (4,677 )
NET (LIABILITIES)/ASSETS (84,775 ) 148,361

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 10 (84,777 ) 148,359
SHAREHOLDERS' FUNDS (84,775 ) 148,361

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

LANAI OUTDOOR COMMERCIAL LIMITED (REGISTERED NUMBER: 10578933)

BALANCE SHEET - continued
31 January 2024


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 16 September 2024 and were signed by:





P L Morris - Director


LANAI OUTDOOR COMMERCIAL LIMITED (REGISTERED NUMBER: 10578933)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 January 2024


1. STATUTORY INFORMATION

Lanai Outdoor Commercial 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.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

No significant judgements (apart from those involving estimations) have been made by management in the process of applying the entity's accounting policies and preparing these financial statements.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. There have been no key assumptions or there sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

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.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - Straight line over 3 years

At each balance sheet date assets not carried at fair value are assessed to determine whether there is an indication that the asset may be impaired. If there is such an indication the recoverable amount of the asset is compared to the carrying amount of the asset.

Financial instruments
The company holds basic financial instruments as defined in FRS102. The financial assets and financial liabilities of the company and their measurement basis are as follows:

Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments. Cash at bank is classified as a basic financial instrument and is measured at amortised cost.

Financial liabilities - trade creditors, accruals and other creditors and basic financial instruments and are measured at amortised cost. Taxation and social security and not included in the financial instruments disclosure definition.


LANAI OUTDOOR COMMERCIAL LIMITED (REGISTERED NUMBER: 10578933)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 January 2024


2. ACCOUNTING POLICIES - continued
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.

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.

Debtors
Short term debtors are initially measured at transaction price less attributable costs and then subsequently measured at amortised costs using EIR. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term trade creditors are initially measured at transaction price less attributable costs. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Groups
Amounts owed to group undertakings are unsecured, interest free and repayable on demand

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 5 ) .

LANAI OUTDOOR COMMERCIAL LIMITED (REGISTERED NUMBER: 10578933)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 January 2024


4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 February 2023 3,207 21,278 8,830 33,315
Additions - - 2,630 2,630
At 31 January 2024 3,207 21,278 11,460 35,945
DEPRECIATION
At 1 February 2023 802 8,889 4,915 14,606
Charge for year 601 3,098 3,667 7,366
At 31 January 2024 1,403 11,987 8,582 21,972
NET BOOK VALUE
At 31 January 2024 1,804 9,291 2,878 13,973
At 31 January 2023 2,405 12,389 3,915 18,709

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 494,901 552,545
Amounts owed by associates 34,440 6,002
Directors' current accounts 6,737 -
Prepayments and accrued income - 10,000
Prepayments 1,083 -
537,161 568,547

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 24,167 34,167
Trade creditors 350,119 167,220
Corporation tax 52,475 71,843
Social security and other taxes 24,548 8,768
Pension account 542 1,388
VAT 234,195 223,586
Barclaycard commercial 1,660 2,406
Directors' current accounts - 479
Accruals and deferred income - 2,500
687,706 512,357

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans more 5 yr by instal 92,116 -

LANAI OUTDOOR COMMERCIAL LIMITED (REGISTERED NUMBER: 10578933)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 January 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2024 2023
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 92,116 -

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 3,493 4,677

Deferred
tax
£   
Balance at 1 February 2023 4,677
Provided during year (1,184 )
Balance at 31 January 2024 3,493

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
98 Ordinary £0.02 2 2
1 Ordinary A £0.02 - -
1 Ordinary B £0.02 - -
2 2

10. RESERVES
Retained
earnings
£   

At 1 February 2023 148,359
Deficit for the year (233,136 )
At 31 January 2024 (84,777 )

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

As at the year end, the directors owed the company £6,737 (2023 - £479l). This loan is unsecured, interest is charged at 2.25% and repayable on demand

12. RELATED PARTY DISCLOSURES

As at the year end, the company was owed £34,439 (2023 - £6,002) by a connected company. This loan is unsecured, interest free and repayable on demand.

LANAI OUTDOOR COMMERCIAL LIMITED (REGISTERED NUMBER: 10578933)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 January 2024


13. ULTIMATE CONTROLLING PARTY

The controlling party is P L Morris.