IRIS Accounts Production v24.3.0.553 06665366 Board of Directors 1.10.23 30.9.24 30.9.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh066653662023-09-30066653662024-09-30066653662023-10-012024-09-30066653662022-09-30066653662022-10-012023-09-30066653662023-09-3006665366ns15:EnglandWales2023-10-012024-09-3006665366ns14:PoundSterling2023-10-012024-09-3006665366ns10:Director12023-10-012024-09-3006665366ns10:PrivateLimitedCompanyLtd2023-10-012024-09-3006665366ns10:SmallEntities2023-10-012024-09-3006665366ns10:AuditExempt-NoAccountantsReport2023-10-012024-09-3006665366ns10:SmallCompaniesRegimeForDirectorsReport2023-10-012024-09-3006665366ns10:SmallCompaniesRegimeForAccounts2023-10-012024-09-3006665366ns10:FullAccounts2023-10-012024-09-300666536612023-10-012024-09-3006665366ns10:Director22023-10-012024-09-3006665366ns10:CompanySecretary12023-10-012024-09-3006665366ns10:RegisteredOffice2023-10-012024-09-3006665366ns5:CurrentFinancialInstruments2024-09-3006665366ns5:CurrentFinancialInstruments2023-09-3006665366ns5:ShareCapital2024-09-3006665366ns5:ShareCapital2023-09-3006665366ns5:RetainedEarningsAccumulatedLosses2024-09-3006665366ns5:RetainedEarningsAccumulatedLosses2023-09-3006665366ns5:NetGoodwill2023-10-012024-09-3006665366ns5:IntangibleAssetsOtherThanGoodwill2023-10-012024-09-3006665366ns5:PlantMachinery2023-10-012024-09-3006665366ns5:MotorVehicles2023-10-012024-09-3006665366ns5:NetGoodwill2023-09-3006665366ns5:NetGoodwill2024-09-3006665366ns5:NetGoodwill2023-09-3006665366ns5:PlantMachinery2023-09-3006665366ns5:PlantMachinery2024-09-3006665366ns5:PlantMachinery2023-09-3006665366ns5:WithinOneYearns5:CurrentFinancialInstruments2024-09-3006665366ns5:WithinOneYearns5:CurrentFinancialInstruments2023-09-30066653661ns10:Director12023-09-30066653661ns10:Director12022-09-30066653661ns10:Director12023-10-012024-09-30066653661ns10:Director12022-10-012023-09-30066653661ns10:Director12024-09-30066653661ns10:Director12023-09-30
REGISTERED NUMBER: 06665366 (England and Wales)
















Financial Statements

for the Year Ended 30 September 2024

for

Gary Lane Services Ltd

Gary Lane Services Ltd (Registered number: 06665366)

Contents of the Financial Statements
for the Year Ended 30 September 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Gary Lane Services Ltd

Company Information
for the Year Ended 30 September 2024







DIRECTORS: G M Lane
Mrs P M Lane





SECRETARY: Mrs P M Lane





REGISTERED OFFICE: 701 Stonehouse Park
Sperry Way
Stonehouse
Gloucestershire
GL10 3UT





REGISTERED NUMBER: 06665366 (England and Wales)





ACCOUNTANTS: Xeinadin South Wales & West Limited
701 Stonehouse Park
Sperry Way
Stonehouse
Gloucestershire
GL10 3UT

Gary Lane Services Ltd (Registered number: 06665366)

Balance Sheet
30 September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 8,400 9,600
Tangible assets 5 24,852 11,755
33,252 21,355

CURRENT ASSETS
Stocks 7,596 8,200
Debtors 6 43,088 28,024
Cash at bank 87,973 72,933
138,657 109,157
CREDITORS
Amounts falling due within one year 7 41,260 29,906
NET CURRENT ASSETS 97,397 79,251
TOTAL ASSETS LESS CURRENT LIABILITIES 130,649 100,606

PROVISIONS FOR LIABILITIES 6,213 2,939
NET ASSETS 124,436 97,667

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 124,336 97,567
SHAREHOLDERS' FUNDS 124,436 97,667

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

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

Gary Lane Services Ltd (Registered number: 06665366)

Balance Sheet - continued
30 September 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 28 February 2025 and were signed on its behalf by:





G M Lane - Director


Gary Lane Services Ltd (Registered number: 06665366)

Notes to the Financial Statements
for the Year Ended 30 September 2024


1. STATUTORY INFORMATION

Gary Lane Services Ltd 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 15% on cost
Motor vehicles - 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.

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.


Gary Lane Services Ltd (Registered number: 06665366)

Notes to the Financial Statements - continued
for the Year Ended 30 September 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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2023
and 30 September 2024 12,000
AMORTISATION
At 1 October 2023 2,400
Charge for year 1,200
At 30 September 2024 3,600
NET BOOK VALUE
At 30 September 2024 8,400
At 30 September 2023 9,600

Gary Lane Services Ltd (Registered number: 06665366)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2023 34,863
Additions 25,988
Disposals (18,880 )
At 30 September 2024 41,971
DEPRECIATION
At 1 October 2023 23,108
Charge for year 8,170
Eliminated on disposal (14,159 )
At 30 September 2024 17,119
NET BOOK VALUE
At 30 September 2024 24,852
At 30 September 2023 11,755

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 33,523 25,594
Other debtors 9,565 2,430
43,088 28,024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 37,682 26,426
Other creditors 3,578 3,480
41,260 29,906

Gary Lane Services Ltd (Registered number: 06665366)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024


8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2024 and 30 September 2023:

2024 2023
£    £   
G M Lane
Balance outstanding at start of year (462 ) 6
Amounts advanced 15,146 -
Amounts repaid (8,838 ) (468 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 5,846 (462 )

The directors' loan account balance was repaid to the company on 25 February 2025.