Company registration number 09263530 (England and Wales)
DAN LANE AKA MECHANICA LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024
PAGES FOR FILING WITH REGISTRAR
DAN LANE AKA MECHANICA LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
DAN LANE AKA MECHANICA LIMITED (REGISTERED NUMBER: 09263530)
BALANCE SHEET
AS AT
31 OCTOBER 2024
31 October 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
2,475
2,555
Current assets
Debtors
4
10,095
18,434
Cash at bank and in hand
79,437
56,422
89,532
74,856
Creditors: amounts falling due within one year
5
(38,250)
(40,286)
Net current assets
51,282
34,570
Total assets less current liabilities
53,757
37,125
Provisions for liabilities
(494)
(557)
Net assets
53,263
36,568
Capital and reserves
Called up share capital
10
10
Profit and loss reserves
53,253
36,558
Total equity
53,263
36,568

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 19 November 2024 and are signed on its behalf by:
D Lane
Mrs V Lane
Director
Director
DAN LANE AKA MECHANICA LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024
- 2 -
1
Accounting policies
Company information

Dan Lane AKA Mechanica Limited is a private company limited by shares incorporated in England and Wales. The registered office is 19-21 Swan Street, West Malling, Kent, ME19 6JU.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of consideration received or receivable for the goods provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates. The following criteria must also be met before turnover is recognised.

Turnover for the sale of goods is recognised when all of the following conditions are met:

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and machinery
25% on reducing balance
Computer equipment
25% on reducing balance
1.4
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

DAN LANE AKA MECHANICA LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
1
Accounting policies
(Continued)
- 3 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
2
2
3
Tangible fixed assets
Plant and machinery
Computer equipment
Total
£
£
£
Cost
At 1 November 2023
2,131
3,987
6,118
Additions
-
0
624
624
At 31 October 2024
2,131
4,611
6,742
Depreciation and impairment
At 1 November 2023
1,631
1,932
3,563
Depreciation charged in the year
125
579
704
At 31 October 2024
1,756
2,511
4,267
Carrying amount
At 31 October 2024
375
2,100
2,475
At 31 October 2023
500
2,055
2,555
DAN LANE AKA MECHANICA LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
- 4 -
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
9,867
17,628
Other debtors
228
806
10,095
18,434
5
Creditors: amounts falling due within one year
2024
2023
£
£
Taxation and social security
18,840
22,750
Other creditors
19,410
17,536
38,250
40,286
2024-10-312023-11-01falsefalse19 November 2024CCH SoftwareCCH Accounts Production 2024.301No description of principal activityD Lane EsqMrs V Lane092635302023-11-012024-10-31092635302024-10-31092635302023-10-3109263530core:PlantMachinery2024-10-3109263530core:ComputerEquipment2024-10-3109263530core:PlantMachinery2023-10-3109263530core:ComputerEquipment2023-10-3109263530core:CurrentFinancialInstrumentscore:WithinOneYear2024-10-3109263530core:CurrentFinancialInstrumentscore:WithinOneYear2023-10-3109263530core:CurrentFinancialInstruments2024-10-3109263530core:CurrentFinancialInstruments2023-10-3109263530core:ShareCapital2024-10-3109263530core:ShareCapital2023-10-3109263530core:RetainedEarningsAccumulatedLosses2024-10-3109263530core:RetainedEarningsAccumulatedLosses2023-10-3109263530bus:Director12023-11-012024-10-3109263530bus:Director22023-11-012024-10-3109263530core:PlantMachinery2023-11-012024-10-3109263530core:ComputerEquipment2023-11-012024-10-31092635302022-11-012023-10-3109263530core:PlantMachinery2023-10-3109263530core:ComputerEquipment2023-10-31092635302023-10-3109263530core:WithinOneYear2024-10-3109263530core:WithinOneYear2023-10-3109263530bus:PrivateLimitedCompanyLtd2023-11-012024-10-3109263530bus:SmallCompaniesRegimeForAccounts2023-11-012024-10-3109263530bus:FRS1022023-11-012024-10-3109263530bus:AuditExemptWithAccountantsReport2023-11-012024-10-3109263530bus:FullAccounts2023-11-012024-10-31xbrli:purexbrli:sharesiso4217:GBP