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REGISTERED NUMBER: SC343331 (Scotland)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Lesmac Flexible Solutions Ltd.

Lesmac Flexible Solutions Ltd. (Registered number: SC343331)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Lesmac Flexible Solutions Ltd.

Company Information
for the Year Ended 31 May 2024







DIRECTOR: E R Kneale





REGISTERED OFFICE: 73 Dykehead Street
Queenslie Industrial Estate
Glasgow
G33 4AQ





REGISTERED NUMBER: SC343331 (Scotland)





ACCOUNTANTS: Graham & Co. (Accountants) Limited
76 Dumbarton Road
Clydebank
Glasgow
G81 1UG

Lesmac Flexible Solutions Ltd. (Registered number: SC343331)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 499

CURRENT ASSETS
Debtors 5 5,285 431,434
Cash at bank 514,133 464,762
519,418 896,196
CREDITORS
Amounts falling due within one year 6 506,992 662,754
NET CURRENT ASSETS 12,426 233,442
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,426

233,941

CREDITORS
Amounts falling due after more than one
year

7

-

21,591
NET ASSETS 12,426 212,350

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 12,424 212,348
SHAREHOLDERS' FUNDS 12,426 212,350

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Lesmac Flexible Solutions Ltd. (Registered number: SC343331)

Balance Sheet - continued
31 May 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 director and authorised for issue on 20 November 2024 and were signed by:





E R Kneale - Director


Lesmac Flexible Solutions Ltd. (Registered number: SC343331)

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

1. STATUTORY INFORMATION

Lesmac Flexible Solutions Ltd. is a private company, limited by shares , registered in Scotland. 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 etc - 20% on reducing balance

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 NIL (2023 - 1 ).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023 4,660
Disposals (4,660 )
At 31 May 2024 -
DEPRECIATION
At 1 June 2023 4,161
Charge for year 499
Eliminated on disposal (4,660 )
At 31 May 2024 -
NET BOOK VALUE
At 31 May 2024 -
At 31 May 2023 499

Lesmac Flexible Solutions Ltd. (Registered number: SC343331)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 5,285 173,395
Other debtors - 258,039
5,285 431,434

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts - 10,000
Trade creditors 2,980 221,021
Amounts owed to group undertakings 400,000 300,000
Taxation and social security 94,691 125,713
Other creditors 9,321 6,020
506,992 662,754

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Bank loans - 21,591

8. RELATED PARTY DISCLOSURES

Creditors includes £400,000 due to Lesmac Fasteners Ltd, a company controlled by the director.