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REGISTERED NUMBER: 11868020 (England and Wales)















THE LACEWORKS MANAGEMENT LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023






THE LACEWORKS MANAGEMENT LIMITED (REGISTERED NUMBER: 11868020)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 September 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE LACEWORKS MANAGEMENT LIMITED

COMPANY INFORMATION
for the year ended 30 September 2023







DIRECTORS: D S Melville
C Turner





REGISTERED OFFICE: 5 - 7 Mill Fold
Sowerby Bridge
West Yorkshire
HX6 4DJ





REGISTERED NUMBER: 11868020 (England and Wales)





ACCOUNTANTS: SMH Sheards
Chartered Accountants
Vernon House
40 New North Road
Huddersfield
West Yorkshire
HD1 5LS

THE LACEWORKS MANAGEMENT LIMITED (REGISTERED NUMBER: 11868020)

BALANCE SHEET
30 September 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 74 123

CURRENT ASSETS
Stocks 1,900 1,221
Debtors 5 136,483 38,629
Cash at bank and in hand 63,243 186,738
201,626 226,588
CREDITORS
Amounts falling due within one year 6 (96,675 ) (123,752 )
NET CURRENT ASSETS 104,951 102,836
TOTAL ASSETS LESS CURRENT
LIABILITIES

105,025

102,959

CREDITORS
Amounts falling due after more than one year 7 (21,667 ) (31,688 )
NET ASSETS 83,358 71,271

RESERVES
Undistributed reserves 57,669 45,873
Income and expenditure account 25,689 25,398
SHAREHOLDERS' FUNDS 83,358 71,271

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 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 surplus or deficit 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 LACEWORKS MANAGEMENT LIMITED (REGISTERED NUMBER: 11868020)

BALANCE SHEET - continued
30 September 2023


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 Board of Directors and authorised for issue on 30 October 2024 and were signed on its behalf by:





C Turner - Director


THE LACEWORKS MANAGEMENT LIMITED (REGISTERED NUMBER: 11868020)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 September 2023


1. STATUTORY INFORMATION

The Laceworks Management Limited is a private company, limited by guarantee, registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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
Service charges are recognised in the period to which they relate, excluding Value Added Tax.

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 cost

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

Financial instruments
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include trade and other debtors, and cash and bank balances, are initially measured at transaction price including transaction costs.

Financial assets, other than those held at fair value through profit or loss, are assessed for indicators of impairment at each balance sheet date, with any impairment losses being recognised in profit or loss. If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed in profit or loss.

Financial liabilities are classified depending on the substance of the contractual arrangements entered into.

Basic financial liabilities, including trade and other creditors, bank loans, and accruals are initially recognised at transaction price.

Financial assets and liabilities are derecognised when the company's contractual obligations are settled, cancelled or they expire.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 7 ) .

THE LACEWORKS MANAGEMENT LIMITED (REGISTERED NUMBER: 11868020)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 September 2023


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2022
and 30 September 2023 197
DEPRECIATION
At 1 October 2022 74
Charge for year 49
At 30 September 2023 123
NET BOOK VALUE
At 30 September 2023 74
At 30 September 2022 123

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 85,303 1,122
Other debtors 51,180 37,507
136,483 38,629

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 9,980
Trade creditors 33,034 39,056
Taxation and social security 2,787 -
Other creditors 50,854 74,716
96,675 123,752

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 21,667 31,688

THE LACEWORKS MANAGEMENT LIMITED (REGISTERED NUMBER: 11868020)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 September 2023


8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 31,667 41,668

The bank loan is secured as a Bounce Back loan by the UK Government.