IRIS Accounts Production v24.2.0.383 06051415 Board of Directors Board of Directors 1.4.23 31.3.24 31.3.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh060514152023-03-31060514152024-03-31060514152023-04-012024-03-31060514152022-03-31060514152022-04-012023-03-31060514152023-03-3106051415ns15:EnglandWales2023-04-012024-03-3106051415ns14:PoundSterling2023-04-012024-03-3106051415ns10:Director12023-04-012024-03-3106051415ns10:Director22023-04-012024-03-3106051415ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3106051415ns10:SmallEntities2023-04-012024-03-3106051415ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3106051415ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3106051415ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3106051415ns10:FullAccounts2023-04-012024-03-310605141512023-04-012024-03-3106051415ns10:RegisteredOffice2023-04-012024-03-3106051415ns5:CurrentFinancialInstruments2024-03-3106051415ns5:CurrentFinancialInstruments2023-03-3106051415ns5:Non-currentFinancialInstruments2024-03-3106051415ns5:Non-currentFinancialInstruments2023-03-3106051415ns5:ShareCapital2024-03-3106051415ns5:ShareCapital2023-03-3106051415ns5:CapitalRedemptionReserve2024-03-3106051415ns5:CapitalRedemptionReserve2023-03-3106051415ns5:RetainedEarningsAccumulatedLosses2024-03-3106051415ns5:RetainedEarningsAccumulatedLosses2023-03-3106051415ns5:NetGoodwill2023-04-012024-03-3106051415ns5:PlantMachinery2023-04-012024-03-3106051415ns5:NetGoodwill2023-03-3106051415ns5:NetGoodwill2024-03-3106051415ns5:NetGoodwill2023-03-3106051415ns5:PlantMachinery2023-03-3106051415ns5:PlantMachinery2024-03-3106051415ns5:PlantMachinery2023-03-3106051415ns5:CostValuation2023-03-3106051415ns5:AdditionsToInvestments2024-03-3106051415ns5:DisposalsRepaymentsInvestments2024-03-3106051415ns5:RevaluationsIncreaseDecreaseInInvestments2024-03-3106051415ns5:CostValuation2024-03-3106051415ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3106051415ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-31
REGISTERED NUMBER: 06051415 (England and Wales)















Lance Show & Publications Limited

Financial Statements for the Year Ended 31st March 2024






Lance Show & Publications Limited (Registered number: 06051415)

Contents of the Financial Statements
for the Year Ended 31st March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Lance Show & Publications Limited

Company Information
for the Year Ended 31st March 2024







DIRECTORS: J C Lance
J A Lance





REGISTERED OFFICE: Courtyard Office
The Courtyard
Bleke Street
Shaftesbury
Dorset
SP7 8BP





REGISTERED NUMBER: 06051415 (England and Wales)





ACCOUNTANTS: Sheen Stickland
Chartered Accountants
The Engine House
77 Station Road
Petersfield
Hampshire
GU32 3FQ

Lance Show & Publications Limited (Registered number: 06051415)

Balance Sheet
31st March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 63,938 2,787
Investments 6 94,648 89,950
158,586 92,737

CURRENT ASSETS
Debtors 7 24,356 32,269
Cash at bank and in hand 274,152 286,952
298,508 319,221
CREDITORS
Amounts falling due within one year 8 138,152 132,396
NET CURRENT ASSETS 160,356 186,825
TOTAL ASSETS LESS CURRENT
LIABILITIES

318,942

279,562

CREDITORS
Amounts falling due after more than
one year

9

(12,220

)

(22,429

)

PROVISIONS FOR LIABILITIES (15,985 ) (530 )
NET ASSETS 290,737 256,603

Lance Show & Publications Limited (Registered number: 06051415)

Balance Sheet - continued
31st March 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 850 850
Capital redemption reserve 150 150
Retained earnings 289,737 255,603
SHAREHOLDERS' FUNDS 290,737 256,603

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4th October 2024 and were signed on its behalf by:




J C Lance - Director



J A Lance - Director


Lance Show & Publications Limited (Registered number: 06051415)

Notes to the Financial Statements
for the Year Ended 31st March 2024


1. STATUTORY INFORMATION

Lance Show & Publications 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 as modified by the revaluation of certain assets.

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 2007, is being amortised evenly over its estimated useful life of ten years.

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 etc - 25% on reducing balance

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.


Lance Show & Publications Limited (Registered number: 06051415)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024


2. ACCOUNTING POLICIES - continued
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.

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.

Investments
Investments are stated at fair value, being the quoted market price. The movement each year is included in the profit and loss account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st April 2023
and 31st March 2024 300,000
AMORTISATION
At 1st April 2023
and 31st March 2024 300,000
NET BOOK VALUE
At 31st March 2024 -
At 31st March 2023 -

Lance Show & Publications Limited (Registered number: 06051415)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st April 2023 12,095
Additions 67,708
At 31st March 2024 79,803
DEPRECIATION
At 1st April 2023 9,308
Charge for year 6,557
At 31st March 2024 15,865
NET BOOK VALUE
At 31st March 2024 63,938
At 31st March 2023 2,787

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1st April 2023 110,167
Additions 12,929
Disposals (6,636 )
Revaluations 1,193
At 31st March 2024 117,653
PROVISIONS
At 1st April 2023 20,217

Impairments 2,788
At 31st March 2024 23,005
NET BOOK VALUE
At 31st March 2024 94,648
At 31st March 2023 89,950

Lance Show & Publications Limited (Registered number: 06051415)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024


6. FIXED ASSET INVESTMENTS - continued

The fixed asset investments are all listed investments with the market value taken from the brokers report. The cost of the investments is £104,677 (2023 - £98,375).

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 24,356 32,269

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,187 9,926
Trade creditors 80 7,381
Taxation and social security 40,171 35,052
Other creditors 87,714 80,037
138,152 132,396

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 12,220 22,429

10. SECURED DEBTS

The company is repaying a loan granted under the Bounce Back Loan Scheme. In the event of default by the company, repayment of the loan and interest is guaranteed by the UK government.