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REGISTERED NUMBER: 02320354 (England and Wales)

















Financial Statements

For The Year Ended 31 December 2024

for

Licharz Ltd

Licharz Ltd (Registered number: 02320354)

Contents of the Financial Statements
For The Year Ended 31 December 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Licharz Ltd

Company Information
For The Year Ended 31 December 2024







DIRECTOR: C P O Lose





REGISTERED OFFICE: 34 Lanchester Way
Royal Oak Industrial Estate
Daventry
Northamptonshire
NN11 8PH





REGISTERED NUMBER: 02320354 (England and Wales)





AUDITORS: Affinia (Chelmsford)
Registered Auditor
Swift House
Ground Floor
18 Hoffmanns Way
Chelmsford
Essex
CM1 1GU

Licharz Ltd (Registered number: 02320354)

Statement of Financial Position
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 31,682 31,083

CURRENT ASSETS
Stocks 518,718 525,424
Debtors 6 147,241 248,369
Cash at bank and in hand 101,262 121,148
767,221 894,941
CREDITORS
Amounts falling due within one year 7 82,955 96,720
NET CURRENT ASSETS 684,266 798,221
TOTAL ASSETS LESS CURRENT
LIABILITIES

715,948

829,304

CREDITORS
Amounts falling due after more than one
year

8

(250,128

)

(277,628

)

PROVISIONS FOR LIABILITIES 10 (5,456 ) (6,144 )
NET ASSETS 460,364 545,532

CAPITAL AND RESERVES
Called up share capital 11 447,931 447,931
Capital redemption reserve 33 33
Retained earnings 12,400 97,568
SHAREHOLDERS' FUNDS 460,364 545,532

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 director and authorised for issue on 24 March 2025 and were signed by:





C P O Lose - Director


Licharz Ltd (Registered number: 02320354)

Notes to the Financial Statements
For The Year Ended 31 December 2024


1. STATUTORY INFORMATION

Licharz 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.

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.

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

There are no estimates and assumptions which have had a significant risk of causing a material adjustment to the carrying amount of assets and liabilities

Going concern
At the time that the financial statements were approved, the directors had a reasonable expectation that the company had adequate resources to continue in operational existence for the foreseeable future. Therefore, the directors have continued to adopt the going concern basis of accounting in preparing the financial statements.

The directors have considered a period of twelve months following the date of approval of the financial statements, when considering the appropriateness of the adoption of the going concern basis of preparation.

Turnover
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities.

Turnover is shown net of VAT and trade discounts.

Revenue is recognised on the delivery of goods to the customer.

Licharz Ltd (Registered number: 02320354)

Notes to the Financial Statements - continued
For The Year Ended 31 December 2024


3. ACCOUNTING POLICIES - continued

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - Straight line over 10 years
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Recognition and impairment of tangible fixed assets

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

The entity reviews the carrying value's of its tangible fixed assets at each reporting date, to determine wether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the estimated recoverable value of the asset is used to determine the extent of the impairment loss (if any).

Stocks
Stocks are measured at the lower of cost and estimated selling price less cost to complete and sell.

Cost is determined using the average cost method. The carrying amount of stock is recognised as an expense in the period in which the related revenue is recognised.

Financial instruments
The company has elected to apply the provisions of Section 11:'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues ' of FRS 102 to all of its financial instruments

The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities such as trade debtors and creditors.

Financial assets and liabilities are offset and the net amount reported in the statement of financial position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Debtors
Short terms debtors are measured at transaction price, less any impairment.

Cash and cash equivalents
Cash is represented by current accounts, cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors
Short term creditors are measured at the transaction price.

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 statement of financial position date.


Licharz Ltd (Registered number: 02320354)

Notes to the Financial Statements - continued
For The Year Ended 31 December 2024


3. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 9 ) .

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 January 2024 38,205 155,149 27,039 21,512 241,905
Additions - 484 7,885 - 8,369
At 31 December 2024 38,205 155,633 34,924 21,512 250,274
DEPRECIATION
At 1 January 2024 38,205 138,898 17,313 16,406 210,822
Charge for year - 4,062 2,432 1,276 7,770
At 31 December 2024 38,205 142,960 19,745 17,682 218,592
NET BOOK VALUE
At 31 December 2024 - 12,673 15,179 3,830 31,682
At 31 December 2023 - 16,251 9,726 5,106 31,083

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 116,926 235,846
Other debtors - 15
Deferred tax asset 14,706 -
Corporation tax recoverable 5,081 -
Prepayments 10,528 12,508
147,241 248,369

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 436 2
Amounts owed to group undertakings 30,000 30,000
Taxation and social security 38,785 53,976
Other creditors 13,734 12,742
82,955 96,720

Licharz Ltd (Registered number: 02320354)

Notes to the Financial Statements - continued
For The Year Ended 31 December 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR - continued

Amounts owed to group undertakings relates to an unsecured loan that accrues interest at 1.1% per annum. The loan is repayable by monthly payments of €2,625 with the interest being calculated and paid annually.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Amounts owed to group undertakings 250,128 277,628

Amounts owed to group undertakings relates to an unsecured loan that accrues interest at 1.1% per annum. The loan is repayable by monthly payments of €2,625 with the interest being calculated and paid annually.
Amounts due after more than 5 years total £130,128 (2023: £157,628).

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 70,000 70,000
Between one and five years 280,000 280,000
In more than five years 233,333 303,333
583,333 653,333

Within the financial year ending 31st December 2023 the company signed a 10 year non-cancellable lease in relation to the trading premises. The company took the option to not include a break clause for both the long term security of the business and to take advantage of a reduced annual rent.

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 5,456 6,144

Deferred
tax
£   
Balance at 1 January 2024 6,144
Credit to Statement of Income and Retained Earnings during year (688 )
Balance at 31 December 2024 5,456

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
447,931 Ordinary £1 447,931 447,931

12. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Laurence Miles FCA (Senior Statutory Auditor)
for and on behalf of Affinia (Chelmsford)

Licharz Ltd (Registered number: 02320354)

Notes to the Financial Statements - continued
For The Year Ended 31 December 2024


13. ULTIMATE CONTROLLING PARTY

The ultimate parent undertaking and the controlling undertaking of the smallest group for which consolidated financial statements are drawn up is Uranos Beteiligungen GmbH District court of Montabaur HRB 27915, a company incorporated in Germany.

The registered office of Uranos Beteiligungen GmbH is Industriepark Nord 13, 53567 Buchholz (Weterwald), Rheinland-Pfalz, Germany.