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REGISTERED NUMBER: 12219473 (England and Wales)


Financial Statements for the Year Ended 31 August 2024

for

Lachi and Sons Limited

Lachi and Sons Limited (Registered number: 12219473)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Lachi and Sons Limited

Company Information
for the Year Ended 31 August 2024







DIRECTOR: Mr Haljit Singh





REGISTERED OFFICE: Bridge House
9-13 Holbrook Lane
Coventry
United Kingdom
CV6 4AD





REGISTERED NUMBER: 12219473 (England and Wales)





ACCOUNTANTS: Sterling Accounting Services Limited
Bridge House
9-13 Holbrook Lane
Coventry
CV6 4AD

Lachi and Sons Limited (Registered number: 12219473)

Statement of Financial Position
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 18,615 16,089

CURRENT ASSETS
Inventories 22,936 22,736
Debtors 5 255,755 11,931
Cash at bank and in hand 24,772 65,540
303,463 100,207
CREDITORS
Amounts falling due within one year 6 272,117 68,586
NET CURRENT ASSETS 31,346 31,621
TOTAL ASSETS LESS CURRENT
LIABILITIES

49,961

47,710

CREDITORS
Amounts falling due after more than one
year

7

47,711

46,057
NET ASSETS 2,250 1,653

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 2,150 1,553
SHAREHOLDERS' FUNDS 2,250 1,653

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Lachi and Sons Limited (Registered number: 12219473)

Statement of Financial Position - continued
31 August 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 director and authorised for issue on 4 April 2025 and were signed by:





Mr Haljit Singh - Director


Lachi and Sons Limited (Registered number: 12219473)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Lachi and Sons 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
Revenue 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 etc - 25% on reducing balance

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

Lachi and Sons Limited (Registered number: 12219473)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 September 2023 19,431
Additions 16,503
Disposals (13,231 )
At 31 August 2024 22,703
DEPRECIATION
At 1 September 2023 3,342
Charge for year 4,444
Eliminated on disposal (3,698 )
At 31 August 2024 4,088
NET BOOK VALUE
At 31 August 2024 18,615
At 31 August 2023 16,089

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 255,551 8,260
Other debtors 204 3,671
255,755 11,931

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade creditors 205,983 17,374
Taxation and social security 12,228 8,636
Other creditors 53,906 42,576
272,117 68,586

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans 23,214 31,667
Other creditors 24,497 14,390
47,711 46,057

Lachi and Sons Limited (Registered number: 12219473)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 31.8.23
value: £    £   
100 Ordinary 1 100 100