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REGISTERED NUMBER: 04668298 (England and Wales)









Unaudited Financial Statements

for the Year Ended 29 February 2024

for

M W Lane Developments Limited

M W Lane Developments Limited (Registered number: 04668298)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


M W Lane Developments Limited

Company Information
for the Year Ended 29 February 2024







DIRECTOR: Matthew W Lane





REGISTERED OFFICE: Unit 9
Acorn Business Park
Woodseats Close
Sheffield
South Yorkshire
S8 0TB





REGISTERED NUMBER: 04668298 (England and Wales)





ACCOUNTANTS: Camplejohn Rowan
CFC House
Acorn Business Park
Woodseats Close
Sheffield
South Yorkshire
S8 0TB

M W Lane Developments Limited (Registered number: 04668298)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 40 53

CURRENT ASSETS
Debtors 5 37,123 29,817

CREDITORS
Amounts falling due within one year 6 (33,365 ) (23,326 )
NET CURRENT ASSETS 3,758 6,491
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,798

6,544

CREDITORS
Amounts falling due after more than one year 7 (3,750 ) (6,450 )

PROVISIONS FOR LIABILITIES (9 ) (9 )
NET ASSETS 39 85

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 37 83
SHAREHOLDERS' FUNDS 39 85

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

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 4 April 2024 and were signed by:



Matthew W Lane - Director


M W Lane Developments Limited (Registered number: 04668298)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

M W Lane Developments 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.

Turnover
Turnover represents sale of services. It is recognised when the services are provided.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

M W Lane Developments Limited (Registered number: 04668298)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 March 2023
and 29 February 2024 1,085
DEPRECIATION
At 1 March 2023 1,032
Charge for year 13
At 29 February 2024 1,045
NET BOOK VALUE
At 29 February 2024 40
At 28 February 2023 53

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Other debtors 7,690 9,797
Directors' current accounts 15,833 20,020
VAT 13,600 -
37,123 29,817

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 4,639 6,934
Trade creditors 2,800 2,372
Tax 9,565 10,213
VAT - 990
Other creditors 15,981 -
Accrued expenses 380 2,817
33,365 23,326

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Bank loans 3,750 6,450

M W Lane Developments Limited (Registered number: 04668298)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors during the year. a director subsisted during the years ended 29 February 2024 and 28 February 2023:

29.2.24 28.2.23
£    £   
Matthew W Lane
Balance outstanding at start of year 20,020 13,483
Amounts advanced - 6,537
Amounts repaid (4,187 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 15,833 20,020

9. ULTIMATE CONTROLLING PARTY

The controlling party is Matthew W Lane.