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Registered number: 07668310

Lancashire Asset Finance Limited

ACCOUNTS
FOR THE YEAR ENDED 30/06/2024

Prepared By:
Forbes Watson Limited
Accountants
The Old Bakery
Green Street
Lytham
Lancashire
FY8 5LG

Lancashire Asset Finance Limited

ACCOUNTS
FOR THE YEAR ENDED 30/06/2024
DIRECTORS
Sarah Harwood
REGISTERED OFFICE
Forbes Watson, The Old Bakery
Green Street
Lytham
Lancashire
FY8 5LG
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 07668310
ACCOUNTANTS
Forbes Watson Limited
Accountants
The Old Bakery
Green Street
Lytham
Lancashire
FY8 5LG

Lancashire Asset Finance Limited

ACCOUNTS
FOR THEYEARENDED30/06/2024
CONTENTS
Page
Directors' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Lancashire Asset Finance Limited

BALANCE SHEET AT 30/06/2024
20242023
Notes££
FIXED ASSETS
Tangible assets318,44922,950
CURRENT ASSETS
Debtors410,68312,962
Cash at bank and in hand84,609113,093
95,292126,055
CREDITORS: Amounts falling due within one year527,94940,938
NET CURRENT ASSETS67,34385,117
TOTAL ASSETS LESS CURRENT LIABILITIES85,792108,067
CAPITAL AND RESERVES
Called up share capital64040
Profit and loss account85,752108,027
SHAREHOLDERS' FUNDS85,792108,067
For the year ending 30/06/2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 27/09/2024 and signed on their behalf by
.............................
Sarah Harwood
Director

Lancashire Asset Finance Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30/06/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machinery 25%
1c. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
2. EMPLOYEES
20242023
No.No.
Average number of employees33

Lancashire Asset Finance Limited

3. TANGIBLE FIXED ASSETS
Plant and
MachineryTotal
££
Cost
At 01/07/202356,76656,766
Additions1,6491,649
At 30/06/202458,41558,415
Depreciation
At 01/07/202333,81633,816
For the year6,1506,150
At 30/06/202439,96639,966
Net Book Amounts
At 30/06/202418,44918,449
At 30/06/202322,95022,950
4. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors5,8844,061
Directors current account4,7998,901
10,68312,962
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax2,0997,097
PAYE control904484
Salaries and wages control-30
Bank Loan23,94632,015
Other creditors-312
Accruals1,0001,000
27,94940,938

Lancashire Asset Finance Limited

6. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
30 Ordinary shares of £1 each3030
2 Class B shares of £1 each22
2 Class C shares of £1 each22
6 Class D shares of £1 each66
4040