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REGISTERED NUMBER: 06474953


















Lancetek Ltd

Unaudited Financial Statements

for the Year Ended 31 March 2024






Lancetek Ltd (Registered number: 06474953)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Lancetek Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr L S Keay
Mrs M A Keay





SECRETARY: Mrs M A Keay





REGISTERED OFFICE: 9 West Buckeridge
Teignmouth
Devon
TQ14 8NF





REGISTERED NUMBER: 06474953





ACCOUNTANTS: AMS Accountancy Limited
Delta 606
Welton Road
Delta Office Park
Swindon
Wiltshire
SN5 7XF

Lancetek Ltd (Registered number: 06474953)

Balance Sheet
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 3,401 15,560

CURRENT ASSETS
Stocks 5 8 15
Debtors 6 4,559 13,159
Cash at bank 13,829 10,398
18,396 23,572
CREDITORS
Amounts falling due within one year 7 (13,982 ) (14,330 )
NET CURRENT ASSETS 4,414 9,242
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,815

24,802

CREDITORS
Amounts falling due after more than one
year

8

(16,883

)

(21,666

)
NET (LIABILITIES)/ASSETS (9,068 ) 3,136

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings (9,168 ) 3,036
SHAREHOLDERS' FUNDS (9,068 ) 3,136

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

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

Lancetek Ltd (Registered number: 06474953)

Balance Sheet - continued
31 March 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 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 17 October 2024 and were signed on its behalf by:




Mr L S Keay - Director



Mrs M A Keay - Director


Lancetek Ltd (Registered number: 06474953)

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

1. STATUTORY INFORMATION

Lancetek Ltd is a private company, limited by shares , registered in Not specified/Other. 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 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 - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Lancetek Ltd (Registered number: 06474953)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 1,662 5,422 29,067 18,021 54,172
Disposals (89 ) - (29,067 ) - (29,156 )
At 31 March 2024 1,573 5,422 - 18,021 25,016
DEPRECIATION
At 1 April 2023 1,267 1,094 24,044 12,207 38,612
Charge for year 314 1,084 - 5,684 7,082
Eliminated on disposal (35 ) - (24,044 ) - (24,079 )
At 31 March 2024 1,546 2,178 - 17,891 21,615
NET BOOK VALUE
At 31 March 2024 27 3,244 - 130 3,401
At 31 March 2023 395 4,328 5,023 5,814 15,560

5. STOCKS
2024 2023
£    £   
Stocks 8 15

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 4,559 13,159

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 11,195 10,000
Trade creditors 289 1,585
Taxation and social security 1,682 1,516
Other creditors 816 1,229
13,982 14,330

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 16,883 21,666

Lancetek Ltd (Registered number: 06474953)

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

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary 1 100 100

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
Mr L S Keay
Balance outstanding at start of year 8,524 -
Amounts advanced 3,334 8,524
Amounts repaid (8,524 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 3,334 8,524