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REGISTERED NUMBER: 05592952 (England and Wales)















Financial Statements for the Year Ended 31 October 2024

for

A L Lacy & Sons Limited

A L Lacy & Sons Limited (Registered number: 05592952)

Contents of the Financial Statements
for the year ended 31 October 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

A L Lacy & Sons Limited

Company Information
for the year ended 31 October 2024







DIRECTORS: Mr A A Lacy
Mrs L J Lacy
Mr B Lacy
Mr S Lacy





SECRETARY: Mrs L J Lacy





REGISTERED OFFICE: 13 Elbourne
Didcot
Oxfordshire
OX11 0BL





REGISTERED NUMBER: 05592952 (England and Wales)





ACCOUNTANTS: Westell Accountants
3 Bradfield Court
Drayton Mill, Milton Road
Drayton
Abingdon
Oxfordshire
OX14 4EF

A L Lacy & Sons Limited (Registered number: 05592952)

Balance Sheet
31 October 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 670,583 601,073

CURRENT ASSETS
Stocks 829,020 657,119
Debtors 5 665,046 1,396,371
Cash at bank 1,040,618 771,846
2,534,684 2,825,336
CREDITORS
Amounts falling due within one year 6 513,493 944,044
NET CURRENT ASSETS 2,021,191 1,881,292
TOTAL ASSETS LESS CURRENT LIABILITIES 2,691,774 2,482,365

CREDITORS
Amounts falling due after more than one
year

7

(297,080

)

(337,802

)

PROVISIONS FOR LIABILITIES (167,646 ) (135,362 )
NET ASSETS 2,227,048 2,009,201

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,226,948 2,009,101
SHAREHOLDERS' FUNDS 2,227,048 2,009,201

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

A L Lacy & Sons Limited (Registered number: 05592952)

Balance Sheet - continued
31 October 2024


The 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.

The financial statements were approved by the Board of Directors and authorised for issue on 22 January 2025 and were signed on its behalf by:




Mr B Lacy - Director



Mr S Lacy - Director


A L Lacy & Sons Limited (Registered number: 05592952)

Notes to the Financial Statements
for the year ended 31 October 2024


1. STATUTORY INFORMATION

A L Lacy & Sons Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 20% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

A L Lacy & Sons Limited (Registered number: 05592952)

Notes to the Financial Statements - continued
for the year ended 31 October 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 14 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2023 907,807
Additions 267,447
Disposals (89,995 )
At 31 October 2024 1,085,259
DEPRECIATION
At 1 November 2023 306,734
Charge for year 157,277
Eliminated on disposal (49,335 )
At 31 October 2024 414,676
NET BOOK VALUE
At 31 October 2024 670,583
At 31 October 2023 601,073

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 201,882 875,023
Other debtors 463,164 521,348
665,046 1,396,371

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 19,980
Hire purchase contracts 69,327 65,441
Trade creditors 253,674 597,384
Taxation and social security 104,020 220,599
Other creditors 86,472 40,640
513,493 944,044

A L Lacy & Sons Limited (Registered number: 05592952)

Notes to the Financial Statements - continued
for the year ended 31 October 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 227,247 259,030
Hire purchase contracts 69,833 78,772
297,080 337,802

A L Lacy & Sons Limited

Report of the Accountants to the Directors of
A L Lacy & Sons Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 October 2024 set out on pages three to eight and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Westell Accountants
3 Bradfield Court
Drayton Mill, Milton Road
Drayton
Abingdon
Oxfordshire
OX14 4EF


Date: .............................................