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REGISTERED NUMBER: 04283508















Unaudited Financial Statements for the Year Ended 30 September 2024

for

Lias Industrial Limited

Lias Industrial Limited (Registered number: 04283508)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Lias Industrial Limited

Company Information
for the Year Ended 30 September 2024







DIRECTOR: M A Armstrong





SECRETARY:





REGISTERED OFFICE: 2 John Street
Bromley Cross
Bolton
Greater Manchester
BL7 9BA





REGISTERED NUMBER: 04283508





ACCOUNTANTS: Peter Wilson Chartered Accountants
Rockfield House
512 Darwen Road
Bromley Cross
Bolton
Lancashire
BL7 9DX

Lias Industrial Limited (Registered number: 04283508)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 103,180 31,758
103,180 31,758

CURRENT ASSETS
Stocks 23,973 93,015
Debtors 6 125,732 109,222
Cash at bank 225,142 183,239
374,847 385,476
CREDITORS
Amounts falling due within one year 7 212,900 161,339
NET CURRENT ASSETS 161,947 224,137
TOTAL ASSETS LESS CURRENT
LIABILITIES

265,127

255,895

CREDITORS
Amounts falling due after more than one
year

8

38,798

-
NET ASSETS 226,329 255,895

CAPITAL AND RESERVES
Called up share capital 52 52
Retained earnings 226,277 255,843
226,329 255,895

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

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

Lias Industrial Limited (Registered number: 04283508)

Balance Sheet - continued
30 September 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 14 May 2025 and were signed by:





M A Armstrong - Director


Lias Industrial Limited (Registered number: 04283508)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Lias Industrial Limited is a private company, limited by shares , registered in Not specified/Other. 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 33% on reducing balance, 25% on reducing balance and 15% on reducing balance

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.

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.

Lias Industrial Limited (Registered number: 04283508)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2023
and 30 September 2024 160,000
AMORTISATION
At 1 October 2023
and 30 September 2024 160,000
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2023 101,408
Additions 95,762
Disposals (21,694 )
At 30 September 2024 175,476
DEPRECIATION
At 1 October 2023 69,650
Charge for year 19,464
Eliminated on disposal (16,818 )
At 30 September 2024 72,296
NET BOOK VALUE
At 30 September 2024 103,180
At 30 September 2023 31,758

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 100,890 106,466
Other debtors 24,842 2,756
125,732 109,222

Lias Industrial Limited (Registered number: 04283508)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 14,718 -
Trade creditors 140,577 114,137
Taxation and social security 55,875 42,324
Other creditors 1,730 4,878
212,900 161,339

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Hire purchase contracts 38,798 -