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REGISTERED NUMBER: 10509636 (England and Wales)












LANSAC INTERNATIONAL LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

31 DECEMBER 2022 TO 29 DECEMBER 2023






LANSAC INTERNATIONAL LTD (REGISTERED NUMBER: 10509636)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 31 DECEMBER 2022 TO 29 DECEMBER 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


LANSAC INTERNATIONAL LTD

COMPANY INFORMATION
FOR THE PERIOD 31 DECEMBER 2022 TO 29 DECEMBER 2023







DIRECTOR: S D Smith





SECRETARY: S D Smith





REGISTERED OFFICE: Shorrock House
1 Faraday Court
Fulwood
Preston
Lancashire
PR2 9NB





REGISTERED NUMBER: 10509636 (England and Wales)





ACCOUNTANTS: Rushtons
Chartered Accountants
Avroe House
Avroe Crescent
Blackpool Business Park
Blackpool
Lancashire
FY4 2DP

LANSAC INTERNATIONAL LTD (REGISTERED NUMBER: 10509636)

ABRIDGED BALANCE SHEET
29 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 95,400 66,219

CURRENT ASSETS
Debtors 269,779 170,445
Cash at bank 185 14,615
269,964 185,060
CREDITORS
Amounts falling due within one year 237,424 163,018
NET CURRENT ASSETS 32,540 22,042
TOTAL ASSETS LESS CURRENT
LIABILITIES

127,940

88,261

CREDITORS
Amounts falling due after more than
one year

(27,207

)

(13,721

)

PROVISIONS FOR LIABILITIES (21,280 ) (12,582 )
NET ASSETS 79,453 61,958

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 79,353 61,858
SHAREHOLDERS' FUNDS 79,453 61,958

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29 December 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 29 December 2023 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.

LANSAC INTERNATIONAL LTD (REGISTERED NUMBER: 10509636)

ABRIDGED BALANCE SHEET - continued
29 DECEMBER 2023


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

All the members have consented to the preparation of an abridged Balance Sheet for the period ended 29 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 December 2024 and were signed by:





S D Smith - Director


LANSAC INTERNATIONAL LTD (REGISTERED NUMBER: 10509636)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 31 DECEMBER 2022 TO 29 DECEMBER 2023

1. STATUTORY INFORMATION

Lansac International Ltd is a private company, limited by shares , registered in England and Wales. 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.

The financial statements are presented in Sterling (£). Monetary values in these financial statements are rounded to the nearest £.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - Straight line over 3 years

Taxation
Taxation for the period 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 period 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.

LANSAC INTERNATIONAL LTD (REGISTERED NUMBER: 10509636)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 31 DECEMBER 2022 TO 29 DECEMBER 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 period was 5 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 31 December 2022 87,789
Additions 41,175
At 29 December 2023 128,964
DEPRECIATION
At 31 December 2022 21,570
Charge for period 11,994
At 29 December 2023 33,564
NET BOOK VALUE
At 29 December 2023 95,400
At 30 December 2022 66,219

LANSAC INTERNATIONAL LTD (REGISTERED NUMBER: 10509636)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 31 DECEMBER 2022 TO 29 DECEMBER 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
Additions 41,175
At 29 December 2023 41,175
DEPRECIATION
Charge for period 8,666
At 29 December 2023 8,666
NET BOOK VALUE
At 29 December 2023 32,509

5. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 26,463 6,200

Hire purchase balances are secured against the asset to which the agreement relates.

6. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 29 December 2023 and the year ended 30 December 2022:

2023 2022
£    £   
S D Smith
Balance outstanding at start of period (2,297 ) 6,574
Amounts advanced 139,156 107,129
Amounts repaid (116,000 ) (116,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 20,859 (2,297 )

The advance to the director is repayable on demand and interest is charged at the HMRC approved rate.