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REGISTERED NUMBER: 02618866 (England and Wales)










GEORGE LANCASTER (INTERNATIONAL) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024






GEORGE LANCASTER (INTERNATIONAL) LIMITED (REGISTERED NUMBER: 02618866)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GEORGE LANCASTER (INTERNATIONAL) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: A N Moghul
Mr M N Moghul





SECRETARY: A N Moghul





REGISTERED OFFICE: 69-71 East Street
Epsom
Surrey
KT17 1BP





REGISTERED NUMBER: 02618866 (England and Wales)





ACCOUNTANTS: Hakim Fry
Chartered Accountants
69-71 East Street
Epsom
Surrey
KT17 1BP

GEORGE LANCASTER (INTERNATIONAL) LIMITED (REGISTERED NUMBER: 02618866)

BALANCE SHEET
31 MAY 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 1,403 1,870

CURRENT ASSETS
Stocks 47,797 93,487
Debtors 6 281,016 295,628
Cash at bank and in hand 5,783 (47,534 )
334,596 341,581
CREDITORS
Amounts falling due within one year 7 370,048 368,971
NET CURRENT LIABILITIES (35,452 ) (27,390 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(34,049

)

(25,520

)

CREDITORS
Amounts falling due after more than one year 8 10,843 20,779
NET LIABILITIES (44,892 ) (46,299 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (44,992 ) (46,399 )
SHAREHOLDERS' FUNDS (44,892 ) (46,299 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

GEORGE LANCASTER (INTERNATIONAL) LIMITED (REGISTERED NUMBER: 02618866)

BALANCE SHEET - continued
31 MAY 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 14 February 2025 and were signed on its behalf by:





A N Moghul - Director


GEORGE LANCASTER (INTERNATIONAL) LIMITED (REGISTERED NUMBER: 02618866)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

George Lancaster (International) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on a going concern basis, presently reliant upon the shareholder's continuing financial support which has been indicated.

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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 1 ).

GEORGE LANCASTER (INTERNATIONAL) LIMITED (REGISTERED NUMBER: 02618866)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 June 2023
and 31 May 2024 40,689 14,304 5,400 60,393
DEPRECIATION
At 1 June 2023 39,312 14,229 4,982 58,523
Charge for year 344 19 104 467
At 31 May 2024 39,656 14,248 5,086 58,990
NET BOOK VALUE
At 31 May 2024 1,033 56 314 1,403
At 31 May 2023 1,377 75 418 1,870

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 19,234 33,846
Other debtors 261,782 261,782
281,016 295,628

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 13,282 16,455
Trade creditors 44,229 53,984
Taxation and social security 306,266 290,662
Other creditors 6,271 7,870
370,048 368,971

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Bank loans 10,843 20,779

GEORGE LANCASTER (INTERNATIONAL) LIMITED (REGISTERED NUMBER: 02618866)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

9. SECURED DEBTS

The following secured debts are included within creditors:

31.5.24 31.5.23
£    £   
Bank overdraft - 47,535
Bank loan 24,125 20,780
24,125 68,315

The bank overdraft is secured by the personal guarantee of Mr A Moghul.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2024 and 31 May 2023:

31.5.24 31.5.23
£    £   
A N Moghul
Balance outstanding at start of year 25,809 71,304
Amounts repaid - (45,495 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 25,809 25,809