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REGISTERED NUMBER: 01162048 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 26 JUNE 2024

FOR

L & N RADIO LIMITED

L & N RADIO LIMITED (REGISTERED NUMBER: 01162048)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 26 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


L & N RADIO LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 26 JUNE 2024







DIRECTORS: R Lawrence
S P Nixon





REGISTERED OFFICE: Suite 21, 10 Churchill Square
Kings Hill
West Malling
Kent
ME19 4YU





REGISTERED NUMBER: 01162048 (England and Wales)





ACCOUNTANTS: The Accountancy Practice Ltd
10 Churchill Square
Kings Hill
West Malling
Kent
ME19 5YU

L & N RADIO LIMITED (REGISTERED NUMBER: 01162048)

BALANCE SHEET
26 JUNE 2024

26.6.24 26.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 62,869 66,633

CURRENT ASSETS
Stocks 50,530 98,850
Debtors 5 319,483 220,145
Cash at bank and in hand 398,497 367,429
768,510 686,424
CREDITORS
Amounts falling due within one year 6 300,241 249,200
NET CURRENT ASSETS 468,269 437,224
TOTAL ASSETS LESS CURRENT
LIABILITIES

531,138

503,857

CREDITORS
Amounts falling due after more than one
year

7

(16,500

)

(29,888

)

PROVISIONS FOR LIABILITIES (15,717 ) (16,659 )
NET ASSETS 498,921 457,310

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 497,921 456,310
498,921 457,310

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 26 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 26 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.

L & N RADIO LIMITED (REGISTERED NUMBER: 01162048)

BALANCE SHEET - continued
26 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 March 2025 and were signed on its behalf by:





S P Nixon - Director


L & N RADIO LIMITED (REGISTERED NUMBER: 01162048)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 26 JUNE 2024

1. STATUTORY INFORMATION

L & N Radio 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 - 15% on reducing balance
Computer equipment - 33% on cost

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 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.

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 12 (2023 - 12 ) .

L & N RADIO LIMITED (REGISTERED NUMBER: 01162048)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 26 JUNE 2024

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 27 June 2023 206,892 1,576 208,468
Additions 7,289 413 7,702
At 26 June 2024 214,181 1,989 216,170
DEPRECIATION
At 27 June 2023 140,544 1,291 141,835
Charge for year 11,045 421 11,466
At 26 June 2024 151,589 1,712 153,301
NET BOOK VALUE
At 26 June 2024 62,592 277 62,869
At 26 June 2023 66,348 285 66,633

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
26.6.24 26.6.23
£    £   
Trade debtors 299,500 201,136
Other debtors 19,983 19,009
319,483 220,145

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
26.6.24 26.6.23
£    £   
Bank loans and overdrafts 8,027 8,027
Hire purchase contracts 5,544 5,544
Trade creditors 182,988 151,263
Taxation and social security 82,831 79,406
Other creditors 20,851 4,960
300,241 249,200

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
26.6.24 26.6.23
£    £   
Bank loans 12,849 20,648
Hire purchase contracts 3,651 9,240
16,500 29,888