1 May 2023 v2025.5.2 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activity0falsetruexbrli:purexbrli:sharesiso4217:GBP016893242023-05-012024-04-30016893242024-04-30016893242023-04-3001689324core:WithinOneYear2024-04-3001689324core:WithinOneYear2023-04-3001689324core:ShareCapital2024-04-3001689324core:ShareCapital2023-04-3001689324core:RetainedEarningsAccumulatedLosses2024-04-3001689324core:RetainedEarningsAccumulatedLosses2023-04-3001689324bus:Director12023-05-012024-04-3001689324bus:RegisteredOffice2023-05-012024-04-3001689324core:FurnitureFittingsToolsEquipment2023-05-012024-04-30016893242022-05-012023-04-3001689324core:PlantMachinery2024-04-3001689324core:PlantMachinery2023-05-0101689324core:PlantMachinery2023-05-012024-04-3001689324core:PlantMachinery2023-04-3001689324core:CostValuation2023-05-0101689324core:CostValuation2024-04-300168932412023-05-012024-04-3001689324countries:EnglandWales2023-05-012024-04-3001689324bus:AuditExempt-NoAccountantsReport2023-05-012024-04-3001689324bus:PrivateLimitedCompanyLtd2023-05-012024-04-3001689324bus:SmallEntities2023-05-012024-04-3001689324bus:FullAccounts2023-05-012024-04-30
Company registration number:
01689324
Lanceshire Limited
Unaudited Filleted Financial Statements for the year ended
30 April 2024
Lanceshire Limited
Statement of Financial Position
30 April 2024
20242023
Note££
Fixed assets    
Tangible assets 5 -  
1
 
Investments 6
21
 
21
 
21
 
22
 
Current assets    
Stocks
2,762,930
 
2,762,450
 
Debtors 7
33,161
 
120,510
 
Cash at bank and in hand
3,623,264
 
3,180,228
 
6,419,355
 
6,063,188
 
Creditors: amounts falling due within one year 8
(223,522
)
(179,324
)
Net current assets
6,195,833
 
5,883,864
 
Total assets less current liabilities 6,195,854   5,883,886  
Capital and reserves    
Called up share capital
7,791
 
7,791
 
Profit and loss account
6,188,063
 
5,876,095
 
Shareholders funds
6,195,854
 
5,883,886
 
For the year ending
30 April 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
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.
These
financial statements
were approved by the board of directors and authorised for issue on
27 January 2025
, and are signed on behalf of the board by:
R Pinkus
Director
Company registration number:
01689324
Lanceshire Limited
Notes to the Financial Statements
Year ended
30 April 2024

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
1 Winckley Square
,
Chapel Street
,
Preston
,
PR1 8BU
, England.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets. The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable.

Tangible assets

Tangible fixed assets held for the company’s own use are stated at cost less accumulated depreciation and accumulated impairment losses.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Fixtures, fittings and equipment
25% reducing balance

Stocks

Stock is stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value).

4 Average number of employees

The average number of persons employed by the company during the year was nil (2023:
1
).

5 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 May 2023
and
30 April 2024
2,030
 
Depreciation  
At
1 May 2023
2,029
 
Charge
1
 
At
30 April 2024
2,030
 
Carrying amount  
At
30 April 2024
-  
At 30 April 2023
1
 

6 Investments

Other investments other than loans
£
Cost  
At
1 May 2023
21
 
At
30 April 2024
21
 
Impairment  
At
1 May 2023
and
30 April 2024
-  
Carrying amount  
At
30 April 2024
21
 
At 30 April 2023
21
 

7 Debtors

20242023
££
Other debtors
33,161
 
120,510
 

8 Creditors: amounts falling due within one year

20242023
££
Trade creditors
7,581
 
3,010
 
Taxation and social security
120,464
 
78,451
 
Other creditors
95,477
 
97,863
 
223,522
 
179,324
 

9 Guarantees and other financial commitments

The Company has entered into an agreement to share profits (if any) on the sale of one of its developments, equally with Mr P.D. Jackman. At 30th April 2023, this development remained unsold.
The Company operates a defined contribution Pension Scheme on behalf of its Directors. The assets of the Scheme are held separately from those of the Company in an independently administered fund. The Annual Pension Commitment under the Scheme is for contributions of Nil (2022 - Nil).