Company Registration No. 07304128 (England and Wales)
LANCS TANKS LIMITED
Unaudited accounts
for the year ended 31 July 2024
LANCS TANKS LIMITED
Unaudited accounts
Contents
LANCS TANKS LIMITED
Company Information
for the year ended 31 July 2024
Directors
A Lewis
B Lewis
Adam Lewis
Company Number
07304128 (England and Wales)
Registered Office
OFFICE 7
37-39 SHAKESPEARE STREET
SOUTHPORT
MERSEYSIDE
PR8 5AB
ENGLAND
Accountants
Henshaws Accountants
Office 7
37-39 Shakespeare Street
Southport
PR8 5AB
LANCS TANKS LIMITED
Statement of financial position
as at 31 July 2024
Tangible assets
26,696
30,788
Cash at bank and in hand
35,437
97,233
Creditors: amounts falling due within one year
(86,432)
(135,013)
Net current (liabilities)/assets
(8,513)
11,808
Total assets less current liabilities
18,183
42,596
Creditors: amounts falling due after more than one year
(18,335)
(36,668)
Net (liabilities)/assets
(152)
5,928
Called up share capital
100
100
Profit and loss account
(252)
5,828
Shareholders' funds
(152)
5,928
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 28 December 2024 and were signed on its behalf by
A Lewis
Director
Company Registration No. 07304128
LANCS TANKS LIMITED
Notes to the Accounts
for the year ended 31 July 2024
LANCS TANKS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07304128. The registered office is OFFICE 7, 37-39 SHAKESPEARE STREET, SOUTHPORT, MERSEYSIDE, PR8 5AB, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% Reducing Balance
Motor vehicles
20% Reducing Balance
Computer equipment
25% Reducing Balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 August 2023
62,849
15,950
3,503
844
83,146
At 31 July 2024
63,149
15,950
3,503
844
83,446
At 1 August 2023
40,668
10,846
-
844
52,358
Charge for the year
3,372
1,020
-
-
4,392
At 31 July 2024
44,040
11,866
-
844
56,750
At 31 July 2024
19,109
4,084
3,503
-
26,696
At 31 July 2023
22,181
5,104
3,503
-
30,788
LANCS TANKS LIMITED
Notes to the Accounts
for the year ended 31 July 2024
Amounts falling due within one year
Trade debtors
26,463
44,276
Accrued income and prepayments
3,812
3,315
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
10,990
10,990
Trade creditors
9,680
4,252
Taxes and social security
5,737
5,705
Loans from directors
48,584
96,303
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).