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Company Registration No. 10563431 (England and Wales)
The Lantic Company Limited Unaudited accounts for the year ended 31 July 2024
The Lantic Company Limited Unaudited accounts Contents
Page
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The Lantic Company Limited Company Information for the year ended 31 July 2024
Directors
P Roberts R Roberts
Company Number
10563431 (England and Wales)
Registered Office
33 Lantic Road Fowey Cornwall PL23 1FD England
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The Lantic Company Limited Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
645 
1,125 
Current assets
Debtors
385 
495 
Cash at bank and in hand
62,537 
68,691 
62,922 
69,186 
Creditors: amounts falling due within one year
(6,721)
(16,964)
Net current assets
56,201 
52,222 
Net assets
56,846 
53,347 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
56,844 
53,345 
Shareholders' funds
56,846 
53,347 
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 17 January 2025 and were signed on its behalf by
P Roberts Director Company Registration No. 10563431
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The Lantic Company Limited Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
The Lantic Company Limited is a private company, limited by shares, registered in England and Wales, registration number 10563431. The registered office is 33 Lantic Road, Fowey, Cornwall, PL23 1FD, 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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Computer equipment
Straight line over 3 years
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 August 2023
1,727 
Additions
144 
At 31 July 2024
1,871 
Depreciation
At 1 August 2023
602 
Charge for the year
624 
At 31 July 2024
1,226 
Net book value
At 31 July 2024
645 
At 31 July 2023
1,125 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
60 
224 
Accrued income and prepayments
325 
271 
385 
495 
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The Lantic Company Limited Notes to the Accounts for the year ended 31 July 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
110 
720 
Taxes and social security
1,402 
6,813 
Loans from directors
4,759 
624 
Accruals
450 
8,807 
6,721 
16,964 
7
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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