IRIS Accounts Production v24.2.0.383 08519233 Board of Directors Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false 171695 70000 101695 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh085192332023-03-31085192332024-03-31085192332023-04-012024-03-31085192332022-03-31085192332022-04-012023-03-31085192332023-03-3108519233ns15:EnglandWales2023-04-012024-03-3108519233ns14:PoundSterling2023-04-012024-03-3108519233ns10:Director12023-04-012024-03-3108519233ns10:Director22023-04-012024-03-3108519233ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3108519233ns10:SmallEntities2023-04-012024-03-3108519233ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3108519233ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3108519233ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3108519233ns10:FullAccounts2023-04-012024-03-3108519233ns10:Director2422023-04-012024-03-3108519233ns10:Director2422024-03-3108519233ns10:RegisteredOffice2023-04-012024-03-3108519233ns5:CurrentFinancialInstruments2024-03-3108519233ns5:CurrentFinancialInstruments2023-03-3108519233ns5:Non-currentFinancialInstruments2024-03-3108519233ns5:Non-currentFinancialInstruments2023-03-3108519233ns5:ShareCapital2024-03-3108519233ns5:ShareCapital2023-03-3108519233ns5:RetainedEarningsAccumulatedLosses2024-03-3108519233ns5:RetainedEarningsAccumulatedLosses2023-03-3108519233ns5:PlantMachinery2023-04-012024-03-3108519233ns5:PlantMachinery2023-03-3108519233ns5:PlantMachinery2024-03-3108519233ns5:PlantMachinery2023-03-3108519233ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3108519233ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-3108519233ns5:Secured2024-03-3108519233ns5:Secured2023-03-31085192331ns10:Director12023-03-31085192331ns10:Director12022-03-31085192331ns10:Director12023-04-012024-03-31085192331ns10:Director12022-04-012023-03-31085192331ns10:Director12024-03-31085192331ns10:Director12023-03-31
REGISTERED NUMBER: 08519233 (England and Wales)

















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Lavant Investments Limited

Lavant Investments Limited (Registered number: 08519233)






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


Lavant Investments Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mrs D Steer
Mr G Steer





REGISTERED OFFICE: 24-26 Mansfield Road
Rotherham
South Yorkshire
S60 2DT





REGISTERED NUMBER: 08519233 (England and Wales)





ACCOUNTANTS: SMH Haywood & Co Limited
24-26 Mansfield Road
Rotherham
South Yorkshire
S60 2DT

Lavant Investments Limited (Registered number: 08519233)

Balance Sheet
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 3 1,211 1,615

CURRENT ASSETS
Stocks 46,262 842,752
Debtors 4 397,970 25,593
Cash at bank and in hand 20,690 431
464,922 868,776
CREDITORS
Amounts falling due within one year 5 (246,145 ) (550,692 )
NET CURRENT ASSETS 218,777 318,084
TOTAL ASSETS LESS CURRENT LIABILITIES 219,988 319,699

CREDITORS
Amounts falling due after more than one
year

6

(31,524

)

(42,981

)
NET ASSETS 188,464 276,718

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 188,462 276,716
SHAREHOLDERS' FUNDS 188,464 276,718

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.

Lavant Investments Limited (Registered number: 08519233)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 October 2024 and were signed on its behalf by:




Mr G Steer - Director



Mrs D Steer - Director


Lavant Investments Limited (Registered number: 08519233)

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

1. 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 etc - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 3 ) .

Lavant Investments Limited (Registered number: 08519233)

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

3. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 6,299
DEPRECIATION
At 1 April 2023 4,684
Charge for year 404
At 31 March 2024 5,088
NET BOOK VALUE
At 31 March 2024 1,211
At 31 March 2023 1,615

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 9,375 21,875
Other debtors 388,595 3,718
397,970 25,593

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,171 9,793
Trade creditors 1,435 11,771
Taxation and social security 115,191 147,735
Other creditors 119,348 381,393
246,145 550,692

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 31,524 42,981

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 2,520 10,888

Lavant Investments Limited (Registered number: 08519233)

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

7. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Other loans 100,000 226,505

The other loans are secured on property owned by the company and a company under common control.

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2024 2023
£    £   
Mr G Steer and Mrs D Steer
Balance outstanding at start of year - -
Amounts advanced 171,695 -
Amounts repaid (70,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 101,695 -

Interest has been charged on the loan at the official rate.

9. RELATED PARTY DISCLOSURES

During the prior year the company has written off loans owed to/from companies under common control amounting to £83,478.