2023-05-01 06861884 2024-04-30 06861884 2023-05-01 2024-04-30 06861884 2023-04-30 06861884 2022-05-01 2023-04-30 06861884 uk-core:WithinOneYear 2023-04-30 06861884 uk-core:WithinOneYear 2024-04-30 06861884 uk-core:ShareCapital 2024-04-30 06861884 uk-core:ShareCapital 2023-04-30 06861884 uk-core:RetainedEarningsAccumulatedLosses 2024-04-30 06861884 uk-core:RetainedEarningsAccumulatedLosses 2023-04-30 06861884 uk-bus:Director1 2023-05-01 2024-04-30 06861884 uk-core:PlantMachinery 2023-05-01 2024-04-30 06861884 uk-core:ToolsEquipment 2023-05-01 2024-04-30 06861884 uk-core:FurnitureFittings 2023-05-01 2024-04-30 06861884 uk-core:FurnitureFittings 2023-04-30 06861884 uk-core:PlantMachinery 2023-04-30 06861884 uk-core:PlantMachinery 2024-04-30 06861884 uk-core:FurnitureFittings 2024-04-30 06861884 uk-core:WithinOneYear 2024-04-30 06861884 uk-core:WithinOneYear 2023-04-30 iso4217:GBP xbrli:pure 06861884 uk-bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 06861884 uk-bus:FRS102 2023-05-01 2024-04-30 06861884 uk-bus:FilletedAccounts 2023-05-01 2024-04-30 06861884 uk-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30
Draft
Lancar Limited
Registered Number:06861884
For the year ended 30 April 2024
England and Wales
Unaudited Financial Statements
2
Draft
For the year ended 30 April 2024
Lancar Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Draft
Registered Number :
06861884
As at 30 April 2024
Lancar Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
13,750
20,625
2
13,750
20,625
Current assets
Trade and other receivables
1,002
5,394
3
1,464
Cash and cash equivalents
2,000
7,394
2,466
Trade and other payables: amounts falling due within one year
(175,925)
(180,052)
4
(173,459)
(172,658)
Net current liabilities
Total assets less current liabilities
(158,908)
(152,834)
(158,908)
Net liabilities
(152,834)
Capital and reserves
Called up share capital
2
2
Retained earnings
(158,910)
(152,836)
(158,908)
(152,834)
Shareholders' funds
For the year ended 30 April 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 of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Mark Steer Director
These financial statements were approved and authorised for issue by the Board on 30 April 2025 and were signed by:
The notes form part of these financial statements
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4
Draft
For the year ended 30 April 2024
Lancar Limited
Notes to the Financial Statements
Statutory Information
Lancar Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number 06861884.
Registered address:
Horizon House
Sheffield
S8 9QR
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard 102 'The
Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have
been prepared under the historical costs convention as modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
20% Reducing balance
25% Reducing balance
Computer equipment
20% Reducing balance
Fixtures and fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
2. Property, plant and equipment
Total
Fixtures and
fittings
Plant and
machinery
£
£
£
Cost or valuation
At 01 May 2023
90,185
2,665
87,520
At 30 April 2024
87,520
2,665
90,185
Provision for depreciation and impairment
At 01 May 2023
69,560
1,066
68,494
Charge for year
6,875
533
6,342
At 30 April 2024
76,435
1,599
74,836
At 30 April 2024
Net book value
12,684
1,066
13,750
At 30 April 2023
19,026
1,599
20,625
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5
Draft
For the year ended 30 April 2024
Lancar Limited
Notes to the Financial Statements Continued
3. Trade and other receivables
2023
2024
£
£
Trade debtors
4,392
-
Other debtors
1,002
1,002
1,002
5,394
4. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft
88,892
77,383
Taxation and social security
3,664
926
Other creditors
87,496
97,616
180,052
175,925
5. Average number of persons employed
During the year the average number of employees was 0
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