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REGISTERED NUMBER: 08527348 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Lear Racing Cable Uk Ltd

Lear Racing Cable Uk Ltd (Registered number: 08527348)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Lear Racing Cable Uk Ltd

Company Information
for the Year Ended 31 May 2024







DIRECTORS: Mr F Lenzi
Ms A M Kastal





SECRETARY:





REGISTERED OFFICE: 19 Leyden Street
London
E1 7LE





REGISTERED NUMBER: 08527348 (England and Wales)





ACCOUNTANTS: Brookstone Accountancy Limited
3rd Floor
207 Regent Street
London
W1B 3HH

Lear Racing Cable Uk Ltd (Registered number: 08527348)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £   
CURRENT ASSETS
Stocks 571 2,669
Debtors 4 183,082 139,569
Prepayments and accrued income 1,735 1,735
Cash at bank 7,761 15,087
193,149 159,060
CREDITORS
Amounts falling due within one year 5 106,978 80,324
NET CURRENT ASSETS 86,171 78,736
TOTAL ASSETS LESS CURRENT
LIABILITIES

86,171

78,736

CAPITAL AND RESERVES
Called up share capital 6 2,000 2,000
Retained earnings 84,171 76,736
SHAREHOLDERS' FUNDS 86,171 78,736

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 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.

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 7 January 2025 and were signed on its behalf by:





Ms A M Kastal - Director


Lear Racing Cable Uk Ltd (Registered number: 08527348)

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

1. STATUTORY INFORMATION

Lear Racing Cable Uk 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3. EMPLOYEES AND DIRECTORS

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 101,701 63,706
Other debtors 67,115 67,115
VAT 14,266 8,748
183,082 139,569

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors 22,900 10,583
Tax 22,478 8,141
Proposed dividends 60,000 60,000
Accrued expenses 1,600 1,600
106,978 80,324

Lear Racing Cable Uk Ltd (Registered number: 08527348)

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

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
2,000 Ordinary £ 1 2,000 2,000

7. ULTIMATE CONTROLLING PARTY

The controlling party is Lear Racing Cable Srl a company registered in Italy.

The ultimate controlling party is Mr F Lenzi.