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COMPANY REGISTRATION NUMBER: 07406311
LIS Trading Limited
Filleted Unaudited Financial Statements
31 March 2024
LIS Trading Limited
Statement of Financial Position
31 March 2024
2024
2023
Note
£
£
£
Fixed assets
Investments
5
1,233,096
1,233,096
Current assets
Cash at bank and in hand
18
18
Creditors: amounts falling due within one year
6
20,573
20,573
--------
--------
Net current liabilities
20,555
20,555
------------
------------
Total assets less current liabilities
1,212,541
1,212,541
------------
------------
Capital and reserves
Called up share capital
7
100,000
100,000
Profit and loss account
1,112,541
1,112,541
------------
------------
Shareholders funds
1,212,541
1,212,541
------------
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- 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 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 3 December 2024 , and are signed on behalf of the board by:
M A Edwards
Director
Company registration number: 07406311
LIS Trading Limited
Notes to the Financial Statements
Year ended 31 March 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 149B Bawtry Road, Wickersley, Rotherham, South Yorkshire, S66 2BW.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).
5. Investments
Shares in group undertakings
£
Cost
At 1 April 2023 and 31 March 2024
1,233,096
------------
Impairment
At 1 April 2023 and 31 March 2024
------------
Carrying amount
At 31 March 2024
1,233,096
------------
At 31 March 2023
1,233,096
------------
The company owns 100% of the issued share capital of Linston Limited. The aggregate capital and reserves of the company at 31 March 2024 was £3,862,219 (2023: £3,025,114) and the profit for the year was £837,105 (2023: £814,544). The company is registered in Great Britain.
6. Creditors: amounts falling due within one year
2024
2023
£
£
Amounts owed to group undertakings and undertakings in which the company has a participating interest
20,573
20,573
--------
--------
7. Called up share capital
Issued, called up and fully paid
2024
2023
No.
£
No.
£
Ordinary shares of £ 1 each
100,000
100,000
100,000
100,000
---------
---------
---------
---------
8. Related party transactions
Under Financial Reporting Standard 102 Section 1A, there were no transactions requiring disclosure in these accounts.
9. Controlling party
The company was under the joint control of Mr M A Edwards and Mr P Smout throughout the current and previous periods.