Company registration number 05750369 (England and Wales)
LENCARTA LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 MARCH 2024
PAGES FOR FILING WITH REGISTRAR
LENCARTA LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
LENCARTA LTD
BALANCE SHEET
AS AT
30 MARCH 2024
30 March 2024
- 1 -
30 March 2024
31 March 2023
Notes
£
£
£
£
Fixed assets
Intangible assets
3
57,758
28,447
Tangible assets
4
1,765
2,321
59,523
30,768
Current assets
Stocks
5
689,412
662,763
Debtors
6
53,409
52,612
Cash at bank and in hand
9,067
15,302
751,888
730,677
Creditors: amounts falling due within one year
7
(189,590)
(403,705)
Net current assets
562,298
326,972
Total assets less current liabilities
621,821
357,740
Creditors: amounts falling due after more than one year
8
(507,036)
(232,721)
Net assets
114,785
125,019
Capital and reserves
Called up share capital
201
201
Profit and loss reserves
114,584
124,818
Total equity
114,785
125,019
LENCARTA LTD
BALANCE SHEET (CONTINUED)
AS AT
30 MARCH 2024
30 March 2024
- 2 -

For the financial year ended 30 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 19 June 2025 and are signed on its behalf by:
Mr H Liu
Director
Company registration number 05750369 (England and Wales)
LENCARTA LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 MARCH 2024
- 3 -
1
Accounting policies
Company information

Lencarta Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Unit 3A, Mohair Mills, Gibson Street, Bradford, West Yorkshire, England, BD3 9TR.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Turnover

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recover able.

1.3
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Website development
Over 5 years
LENCARTA LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 MARCH 2024
1
Accounting policies
(Continued)
- 4 -
1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
25% pa on writtten down value
Fixtures and fittings
25% pa on written down value
Computers
33.33% pa on written down value

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

1.7
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
9
10
LENCARTA LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 MARCH 2024
- 5 -
3
Intangible fixed assets
Website development
£
Cost
At 1 April 2023
28,447
Additions - internally developed
35,000
At 30 March 2024
63,447
Amortisation and impairment
At 1 April 2023
-
0
Amortisation charged for the year
5,689
At 30 March 2024
5,689
Carrying amount
At 30 March 2024
57,758
At 31 March 2023
28,447
4
Tangible fixed assets
Plant and equipment
Fixtures and fittings
Computers
Total
£
£
£
£
Cost
At 1 April 2023 and 30 March 2024
2,593
6,859
736
10,188
Depreciation and impairment
At 1 April 2023
2,448
4,883
536
7,867
Depreciation charged in the year
36
494
26
556
At 30 March 2024
2,484
5,377
562
8,423
Carrying amount
At 30 March 2024
109
1,482
174
1,765
At 31 March 2023
145
1,976
200
2,321
5
Stocks
2024
2023
£
£
Stocks
689,412
662,763
LENCARTA LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 MARCH 2024
- 6 -
6
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
33,752
35,445
Other debtors
17,477
15,955
Prepayments and accrued income
2,180
1,212
53,409
52,612
7
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
107,335
172,151
Trade creditors
3,614
17,580
Taxation and social security
17,469
112,367
Other creditors
61,172
101,607
189,590
403,705
8
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
275,921
109,906
Other creditors
231,115
122,815
507,036
232,721
9
Directors' transactions

During the year the directors have provided the company with a loan. This loan is unsecured and repayable upon demand.

10
Ultimate Controlling Party

The controlling party is H Liu.

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