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REGISTERED NUMBER: 07513503 (England and Wales)



















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

LACUNAR LIMITED

LACUNAR LIMITED (REGISTERED NUMBER: 07513503)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LACUNAR LIMITED

COMPANY INFORMATION
for the Year Ended 30 JUNE 2024







DIRECTORS: Mr S Collins
Mr L Z Lawrence





REGISTERED OFFICE: 260 - 270
Butterfield
Great Marlings
Luton
Bedfordshire
LU2 8DL





BUSINESS ADDRESS: Unit 2
Peerglow Centre
Marsh Lane
Ware
Hertfordshire
SG12 9QL





REGISTERED NUMBER: 07513503 (England and Wales)





ACCOUNTANTS: Foxley Kingham
Chartered Accountants
260 - 270 Butterfield
Great Marlings
Luton
Bedfordshire
LU2 8DL

LACUNAR LIMITED (REGISTERED NUMBER: 07513503)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 49,701 66,244

CURRENT ASSETS
Stocks 5 42,600 740,797
Debtors 6 694,928 932,119
Cash at bank 919,764 299,299
1,657,292 1,972,215
CREDITORS
Amounts falling due within one year 7 506,784 1,010,799
NET CURRENT ASSETS 1,150,508 961,416
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,200,209

1,027,660

CREDITORS
Amounts falling due after more than one
year

8

(31,305

)

(39,499

)

PROVISIONS FOR LIABILITIES (3,345 ) (6,901 )
NET ASSETS 1,165,559 981,260

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 1,164,559 980,260
SHAREHOLDERS' FUNDS 1,165,559 981,260

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

LACUNAR LIMITED (REGISTERED NUMBER: 07513503)

BALANCE SHEET - continued
30 JUNE 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 February 2025 and were signed on its behalf by:




Mr S Collins - Director



Mr L Z Lawrence - Director


LACUNAR LIMITED (REGISTERED NUMBER: 07513503)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 JUNE 2024

1. STATUTORY INFORMATION

Lacunar 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. 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
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

The gain or loss arising on disposal of an asset is determined at the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to the profit or loss.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on reducing balance
Motor Vehicles - 25% 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 Statement of Income and Retained Earnings, 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.


LACUNAR LIMITED (REGISTERED NUMBER: 07513503)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 JUNE 2024

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 July 2023
and 30 June 2024 7,517 102,080 44,191 153,788
DEPRECIATION
At 1 July 2023 2,347 46,981 38,216 87,544
Charge for year 776 13,775 1,992 16,543
At 30 June 2024 3,123 60,756 40,208 104,087
NET BOOK VALUE
At 30 June 2024 4,394 41,324 3,983 49,701
At 30 June 2023 5,170 55,099 5,975 66,244

LACUNAR LIMITED (REGISTERED NUMBER: 07513503)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 JUNE 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 July 2023 102,080
Transfer to ownership (49,495 )
At 30 June 2024 52,585
DEPRECIATION
At 1 July 2023 46,981
Charge for year 9,859
Transfer to ownership (33,834 )
At 30 June 2024 23,006
NET BOOK VALUE
At 30 June 2024 29,579
At 30 June 2023 55,099

5. STOCKS
2024 2023
£    £   
Work-in-progress 42,600 740,797

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 391,053 476,004
Other debtors 239,270 285,270
VAT 49,004 157,549
Prepayments and accrued income 15,601 13,296
694,928 932,119

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 9) 8,194 28,490
Trade creditors 338,942 856,710
Corporation tax 124,711 92,797
Taxation and social security 27,630 24,782
Other creditors 553 1,176
Directors' loan accounts 604 604
Accrued expenses 6,150 6,240
506,784 1,010,799

LACUNAR LIMITED (REGISTERED NUMBER: 07513503)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 JUNE 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts (see note 9) 31,305 39,499

9. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2024 2023
£    £   
Net obligations repayable:
Within one year 8,194 28,490
Between one and five years 31,305 39,499
39,499 67,989

10. SECURED DEBTS

The liabilities owed to Barclays Bank PLC are secured by a fixed and floating charge. The floating charge covers all the property or undertaking of the company.

Hire purchase contracts are secured over the assets under hire purchase agreements.

11. ULTIMATE CONTROLLING PARTY

The company is controlled by the directors by virtue of their ownership of 100% of the issued share capital of the Parent company, Lacunar Group Holdings Limited.