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REGISTERED NUMBER: 08114200 (England and Wales)















Lance Johnson Ltd

Unaudited Financial Statements

For The Year Ended

30th June 2024






Lance Johnson Ltd (Registered number: 08114200)

Contents of the Financial Statements
For The Year Ended 30th June 2024










Page

Balance Sheet 1

Notes to the Financial Statements 2 to 4


Lance Johnson Ltd (Registered number: 08114200)

Balance Sheet
30th June 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 5 726 894

CURRENT ASSETS
Debtors 6 7,483 22,414
Cash at bank 22,392 196
29,875 22,610
CREDITORS
Amounts falling due within one year 7 30,047 20,970
NET CURRENT (LIABILITIES)/ASSETS (172 ) 1,640
TOTAL ASSETS LESS CURRENT LIABILITIES 554 2,534

PROVISIONS FOR LIABILITIES 74 169
NET ASSETS 480 2,365

CAPITAL AND RESERVES
Called up share capital 8 5 5
Retained earnings 475 2,360
SHAREHOLDERS' FUNDS 480 2,365

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

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

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 22nd April 2025 and were signed by:





L A Johnson - Director


Lance Johnson Ltd (Registered number: 08114200)

Notes to the Financial Statements
For The Year Ended 30th June 2024


1. STATUTORY INFORMATION

Lance Johnson Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 08114200

Registered office: Englands Lane Business Centre
47 Englands Lane
Gorleston
Great Yarmouth
Norfolk
NR31 6BE

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.

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

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.

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.

Lance Johnson Ltd (Registered number: 08114200)

Notes to the Financial Statements - continued
For The Year Ended 30th June 2024


4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

5. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1st July 2023 929 1,521 2,450
Additions - 550 550
Disposals (470 ) - (470 )
At 30th June 2024 459 2,071 2,530
DEPRECIATION
At 1st July 2023 286 1,270 1,556
Charge for year 37 288 325
Eliminated on disposal (77 ) - (77 )
At 30th June 2024 246 1,558 1,804
NET BOOK VALUE
At 30th June 2024 213 513 726
At 30th June 2023 643 251 894

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 7,483 12,074
Other debtors - 10,340
7,483 22,414

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 27,899 18,990
Other creditors 2,148 1,980
30,047 20,970

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £0.01 - -
4 Ordinary A £1 4 4
1 Ordinary B £1 1 1
5 5

Lance Johnson Ltd (Registered number: 08114200)

Notes to the Financial Statements - continued
For The Year Ended 30th June 2024


9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

2024 2023
£    £   
L A Johnson
Balance outstanding at start of year 9,807 -
Amounts advanced 14,471 9,807
Amounts repaid (24,347 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (69 ) 9,807