Lainton Services Limited
Registered number: 02795624
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 110,183 130,121
Current assets
Stocks and work in progress 500,961 475,047
Debtors 4 206,925 168,338
Cash at bank and in hand 1,721,904 1,170,700
2,429,790 1,814,085
Creditors: amounts falling due within one year 5 (620,305) (415,683)
Net current assets 1,809,485 1,398,402
Total assets less current liabilities 1,919,668 1,528,523
Creditors: amounts falling due after more than one year 6 (17,438) (28,803)
Provisions for liabilities (27,335) (32,280)
Net assets 1,874,895 1,467,440
Capital and reserves
Called up share capital 100 100
Profit and loss account 1,874,795 1,467,340
Shareholders' funds 1,874,895 1,467,440
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Anthony Lainton
Director
Approved by the board on 7 May 2025
Lainton Services Limited
Notes to the Accounts
for the year ended 31 March 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102 1A, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from installations. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from installations is recognised by reference to the stage of completion of the contract.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 20 - 25% reducing balance
Motor vehicles 25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (i.e. liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 21 19
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2024 64,983 214,450 279,433
Additions 6,289 32,070 38,359
Disposals (36,719) (21,438) (58,157)
At 31 March 2025 34,553 225,082 259,635
Depreciation
At 1 April 2024 43,230 106,082 149,312
Charge for the year 5,384 31,335 36,719
On disposals (30,214) (6,365) (36,579)
At 31 March 2025 18,400 131,052 149,452
Net book value
At 31 March 2025 16,153 94,030 110,183
At 31 March 2024 21,753 108,368 130,121
Net book value of assets held under hire purchase agreements £72894 (2024: £53871)
4 Debtors 2025 2024
£ £
Trade debtors 113,222 80,869
Other debtors, VAT refund and prepayments 93,703 87,469
206,925 168,338
5 Creditors: amounts falling due within one year 2025 2024
£ £
Obligations under finance lease and hire purchase contracts 37,593 33,221
Trade creditors 180,492 129,630
Corporation tax, other taxes and social security 193,816 94,137
Other creditors 208,404 158,695
620,305 415,683
Finance and hire purchase contracts are secured on the assets they represent.
6 Creditors: amounts falling due after one year 2025 2024
£ £
Obligations under finance lease and hire purchase contracts 17,438 28,803
7 Other financial commitments 2025 2024
£ £
Total future minimum payments under non-cancellable operating leases due in less than 12 month 21,321 21,973
Total future minimum payments under non-cancellable operating leases due in 2 to 5 years 261 784
21,582 22,757
8 Other information
Lainton Services Limited is a private company limited by shares and incorporated in England. Its registered office is:
15 St Johns Road
Hazel Grove
Stockport
Cheshire
Company number 2795624
Lainton Services Limited 02795624 false 2024-04-01 2025-03-31 2025-03-31 VT Final Accounts July 2024 Anthony Lainton No description of principal activity 02795624 2023-04-01 2024-03-31 02795624 core:WithinOneYear 2024-03-31 02795624 core:AfterOneYear 2024-03-31 02795624 core:ShareCapital 2024-03-31 02795624 core:RetainedEarningsAccumulatedLosses 2024-03-31 02795624 core:AllPeriods 2024-03-31 02795624 2024-04-01 2025-03-31 02795624 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 02795624 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 02795624 bus:Director40 2024-04-01 2025-03-31 02795624 1 2024-04-01 2025-03-31 02795624 2 2024-04-01 2025-03-31 02795624 core:PlantMachinery 2024-04-01 2025-03-31 02795624 core:Vehicles 2024-04-01 2025-03-31 02795624 countries:England 2024-04-01 2025-03-31 02795624 bus:FRS102 2024-04-01 2025-03-31 02795624 bus:FilletedAccounts 2024-04-01 2025-03-31 02795624 2025-03-31 02795624 core:WithinOneYear 2025-03-31 02795624 core:AfterOneYear 2025-03-31 02795624 core:ShareCapital 2025-03-31 02795624 core:RetainedEarningsAccumulatedLosses 2025-03-31 02795624 core:PlantMachinery 2025-03-31 02795624 core:Vehicles 2025-03-31 02795624 core:AllPeriods 2025-03-31 02795624 2024-03-31 02795624 core:PlantMachinery 2024-03-31 02795624 core:Vehicles 2024-03-31 iso4217:GBP xbrli:pure