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Company Registration No. 06474270 (England and Wales)
Lackland & Co. Limited Filleted Accounts for the year ended 31 May 2024
Lackland & Co. Limited Filleted Accounts Contents
Page
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Lackland & Co. Limited Company Information for the year ended 31 May 2024
Director
Andrew Sam Yeboah
Company Number
06474270 (England and Wales)
Registered Office
19 Newton Drive Cherry Willingham Cherry Willingham Lincoln LN3 4GP
Accountants
YP Finance Hawthorne House 17A Hawthorne Drive Leicester Leicestershire LE5 6DL
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Lackland & Co. Limited Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
17,286 
23,048 
Current assets
Cash at bank and in hand
649 
- 
Creditors: amounts falling due within one year
(12,177)
(9,777)
Net current liabilities
(11,528)
(9,777)
Net assets
5,758 
13,271 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
5,757 
13,270 
Shareholders' funds
5,758 
13,271 
For the year ending 31 May 2024 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 12 September 2024 and were signed on its behalf by
Andrew Sam Yeboah Director Company Registration No. 06474270
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Lackland & Co. Limited Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
Lackland & Co. Limited is a private company, limited by shares, registered in England and Wales, registration number 06474270. The registered office is 19 Newton Drive Cherry Willingham, Cherry Willingham, Lincoln, LN3 4GP.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
20% straight line
Fixtures & fittings
20% reducing balance
Computer equipment
20% reducing balance
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Lackland & Co. Limited Notes to the Accounts for the year ended 31 May 2024
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 June 2023
28,810 
193 
1,010 
30,013 
At 31 May 2024
28,810 
193 
1,010 
30,013 
Depreciation
At 1 June 2023
5,762 
193 
1,010 
6,965 
Charge for the year
5,762 
- 
- 
5,762 
At 31 May 2024
11,524 
193 
1,010 
12,727 
Net book value
At 31 May 2024
17,286 
- 
- 
17,286 
At 31 May 2023
23,048 
- 
- 
23,048 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
- 
2,325 
Taxes and social security
11,032 
6,332 
Accruals
1,145 
1,120 
12,177 
9,777 
6
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £0.01 each
1 
1 
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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