Acorah Software Products - Accounts Production 16.1.300 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 03731558 Mr Andrew Eccles Miss Emma Paxton Miss Emma Paxton iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03731558 2023-03-31 03731558 2024-03-31 03731558 2023-04-01 2024-03-31 03731558 frs-core:CurrentFinancialInstruments 2024-03-31 03731558 frs-core:Non-currentFinancialInstruments 2024-03-31 03731558 frs-core:MotorVehicles 2024-03-31 03731558 frs-core:MotorVehicles 2023-04-01 2024-03-31 03731558 frs-core:MotorVehicles 2023-03-31 03731558 frs-core:PlantMachinery 2024-03-31 03731558 frs-core:PlantMachinery 2023-04-01 2024-03-31 03731558 frs-core:PlantMachinery 2023-03-31 03731558 frs-core:ShareCapital 2024-03-31 03731558 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 03731558 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 03731558 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 03731558 frs-bus:SmallEntities 2023-04-01 2024-03-31 03731558 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 03731558 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 03731558 frs-bus:Director1 2023-04-01 2024-03-31 03731558 frs-bus:Director1 2023-03-31 03731558 frs-bus:Director1 2024-03-31 03731558 frs-bus:Director2 2023-04-01 2024-03-31 03731558 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 03731558 frs-core:CurrentFinancialInstruments 1 2024-03-31 03731558 frs-countries:EnglandWales 2023-04-01 2024-03-31 03731558 2022-03-31 03731558 2023-03-31 03731558 2022-04-01 2023-03-31 03731558 frs-core:CurrentFinancialInstruments 2023-03-31 03731558 frs-core:Non-currentFinancialInstruments 2023-03-31 03731558 frs-core:ShareCapital 2023-03-31 03731558 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 03731558 frs-core:CurrentFinancialInstruments 1 2023-03-31
Registered number: 03731558
Lancaster Rubber and Industrial Supplies Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 03731558
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 74,020 98,055
74,020 98,055
CURRENT ASSETS
Stocks 60,000 60,000
Debtors 5 490,312 395,860
Cash at bank and in hand 290,037 206,842
840,349 662,702
Creditors: Amounts Falling Due Within One Year 6 (237,507 ) (161,610 )
NET CURRENT ASSETS (LIABILITIES) 602,842 501,092
TOTAL ASSETS LESS CURRENT LIABILITIES 676,862 599,147
Creditors: Amounts Falling Due After More Than One Year 7 (90,387 ) (114,724 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (18,505 ) (18,630 )
NET ASSETS 567,970 465,793
CAPITAL AND RESERVES
Called up share capital 9 10,003 10,003
Profit and Loss Account 557,967 455,790
SHAREHOLDERS' FUNDS 567,970 465,793
Page 1
Page 2
For the year ending 31 March 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Andrew Eccles
Director
17/12/2024
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Lancaster Rubber and Industrial Supplies Limited ,registered number 03731558 is a company limited by shares incorporated in England & Wales. The registered office is Unit 5 Standfast Complex, Caton Road, Lancaster, LA1 3PE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historic cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets over their expected useful lives on the following bases:
Plant & Machinery 25% Reducing Balance
Motor Vehicles 25% Reducing Balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases and hire purchase agreements are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.
2.6. Taxation
Taxation represents the sum of tax currently payable and deferred tax. The Company's liability for current tax is calculated using tax rates that have been enacted or substantially enacted by the end of the reporting period.

Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantially enacted by the end of the reporting period.
Page 3
Page 4
2.7. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 1 1
Sales, marketing and distribution 1 1
2 2
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 April 2023 34,196 207,689 241,885
Additions 524 - 524
As at 31 March 2024 34,720 207,689 242,409
Depreciation
As at 1 April 2023 29,796 114,034 143,830
Provided during the period 1,144 23,415 24,559
As at 31 March 2024 30,940 137,449 168,389
Net Book Value
As at 31 March 2024 3,780 70,240 74,020
As at 1 April 2023 4,400 93,655 98,055
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 179,847 169,167
Prepayments and accrued income 3,153 -
Loan - Luneside Properties Ltd 34,500 22,500
Loan - Lancaster Rubber Properties Ltd 115,357 94,958
Corporation tax recoverable assets 39,036 17,875
Directors' loan accounts 118,419 91,360
490,312 395,860
Page 4
Page 5
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 14,440 14,440
Trade creditors 97,870 84,496
Bank loans and overdrafts 9,948 10,000
Corporation tax 92,821 34,827
Other taxes and social security 3,022 3,674
VAT 16,600 8,578
Net wages - 3,110
Accruals and deferred income 2,806 2,485
237,507 161,610
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 77,896 92,335
Bank loans 12,491 22,389
90,387 114,724
8. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 92,335 106,775
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10,003 10,003
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2023 Amounts advanced Amounts repaid Amounts written off As at 31 March 2024
£ £ £ £ £
Mr Andrew Eccles 91,360 63,158 36,100 - 118,418
Interest in the sum of £1532  (2023 - £1313) has been paid to the Company in respect of the loan which is unsecured and repayable on demand.
Page 5
Page 6
11. Related Party Transactions
Luneside Properties LtdDirector and shareholder, Andrew Eccles, is also a Director and shareholder of the above Company. This Company has loaned monies to Luneside Properties Ltd totalling £34,500 (2023 - £22,500). This amount was outstanding at 31st March 2024, The maximum amount outstanding during the year was £34,500 (2023 - £22,500). This loan is interest free and repayable on demand.

Luneside Properties Ltd

Director and shareholder, Andrew Eccles, is also a Director and shareholder of the above Company. This Company has loaned monies to Luneside Properties Ltd totalling £34,500 (2023 - £22,500). This amount was outstanding at 31st March 2024, The maximum amount outstanding during the year was £34,500 (2023 - £22,500). This loan is interest free and repayable on demand.

Lancaster Rubber Properties LtdDirector and shareholder, Andrew Eccles, is also a Director and shareholder of the above Company. This Company has loaned monies to Lancaster Rubber Properties Ltd and the amount outstanding at 31st March 2024 was £115,357 (2023 - £94,958). The maximum amount outstanding during the year was £115,357 (2023 £94,958). This loan is interest free and repayable on demand.

Lancaster Rubber Properties Ltd

Director and shareholder, Andrew Eccles, is also a Director and shareholder of the above Company. This Company has loaned monies to Lancaster Rubber Properties Ltd and the amount outstanding at 31st March 2024 was £115,357 (2023 - £94,958). The maximum amount outstanding during the year was £115,357 (2023 £94,958). This loan is interest free and repayable on demand.

Page 6