Registered number
12217218
Lanvenderway Limited
Unaudited Filleted Accounts
30 September 2024
Lanvenderway Limited
Registered number: 12217218
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 - 3,999
Tangible assets 4 32,775 38,612
32,775 42,611
Current assets
Stocks 6,000 6,642
Debtors 5 72,803 116,359
Cash at bank and in hand 330,752 231,292
409,555 354,293
Creditors: amounts falling due within one year 6 (285,404) (225,031)
Net current assets 124,151 129,262
Total assets less current liabilities 156,926 171,873
Creditors: amounts falling due after more than one year 7 (54,211) (38,145)
Net assets 102,715 133,728
Capital and reserves
Called up share capital 1 1
Profit and loss account 102,714 133,727
Shareholder's funds 102,715 133,728
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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 and delivered 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.
Mr Z Lin
Director
Approved by the board on 25 April 2025
Lanvenderway Limited
Notes to the Accounts
for the year ended 30 September 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 the rendering of services. 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 the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Leasehold land and buildings not depreciated
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. 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. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, 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. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie 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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 26 27
3 Intangible fixed assets £
Goodwill:
Cost
At 1 October 2023 4,999
Disposals (4,999)
At 30 September 2024 -
Amortisation
At 1 October 2023 1,000
On disposals (1,000)
At 30 September 2024 -
Net book value
At 30 September 2024 -
At 30 September 2023 3,999
Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.
4 Tangible fixed assets
Leasehold property Plant and machinery Total
£ £ £
Cost
At 1 October 2023 18,481 33,548 52,029
Additions - 6,692 6,692
Disposals (2,481) (5,000) (7,481)
At 30 September 2024 16,000 35,240 51,240
Depreciation
At 1 October 2023 - 13,417 13,417
Charge for the year - 7,048 7,048
On disposals - (2,000) (2,000)
At 30 September 2024 - 18,465 18,465
Net book value
At 30 September 2024 16,000 16,775 32,775
At 30 September 2023 18,481 20,131 38,612
5 Debtors 2024 2023
£ £
Other debtors 72,803 116,359
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 26,754 -
Trade creditors 194,844 178,994
Taxation and social security costs 54,976 31,212
Other creditors 8,830 14,825
285,404 225,031
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 54,211 38,145
8 Controlling party
The company is under the control of the director, Mr Z Lin by virtue of his shareholdings in the company.
9 Other information
Lanvenderway Limited is a private company limited by shares and incorporated in England. Its registered office is:
114 Hamlet Court Road
Westcliff-on-Sea
Essex
SS0 7LP
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