Registered number
02896144
LASSCO LTD
Unaudited Filleted Accounts
31 October 2024
LASSCO LTD
Registered number: 02896144
Balance Sheet
as at 31 October 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 - 202
Tangible assets 4 5,973 9,881
5,973 10,083
Current assets
Stocks 273,085 261,070
Debtors 5 187,579 136,007
Cash at bank and in hand 132,907 115,610
593,571 512,687
Creditors: amounts falling due within one year 6 (551,349) (498,705)
Net current assets 42,222 13,982
Total assets less current liabilities 48,195 24,065
Creditors: amounts falling due after more than one year 7 (175,210) (205,194)
Net liabilities (127,015) (181,129)
Capital and reserves
Called up share capital 20,000 20,000
Profit and loss account (147,015) (201,129)
Shareholders' funds (127,015) (181,129)
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 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.
G.S.C. Amos
Director
Approved by the board on 14 July 2025
LASSCO LTD
Notes to the Accounts
for the year ended 31 October 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Intangibles over 3 years
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:
Motor Vehicles over 8 years
Tools and equipment over 3 years
Fixtures and fittings over 4 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 13 12
3 Intangible fixed assets £
Cost
At 1 November 2023 60,654
At 31 October 2024 60,654
Amortisation
At 1 November 2023 60,452
Provided during the year 202
At 31 October 2024 60,654
Net book value
At 31 October 2024 -
At 31 October 2023 202
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 November 2023 255,992 7,000 262,992
Additions 1,569 - 1,569
Disposals (2,888) - (2,888)
At 31 October 2024 254,673 7,000 261,673
Depreciation
At 1 November 2023 246,111 7,000 253,111
Charge for the year 5,477 - 5,477
On disposals (2,888) - (2,888)
At 31 October 2024 248,700 7,000 255,700
Net book value
At 31 October 2024 5,973 - 5,973
At 31 October 2023 9,881 - 9,881
5 Debtors 2024 2023
£ £
Trade debtors 102,402 77,487
Amounts owed by group undertakings 18,961 18,961
Other debtors 66,216 39,559
187,579 136,007
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 102,235 75,648
Taxation and social security costs 31,770 52,894
Other creditors 417,344 370,163
551,349 498,705
The other creditors include deferred income of £278,000 (2023 £254,000).
7 Creditors: amounts falling due after one year 2024 2023
£ £
Amounts owed to group undertakings and undertakings in which the company has a participating interest 175,210 205,194
8 Going Concern
The directors believe that the company is able to carry on business as a going concern. The creditors include £194,226 (2023 £228,493) to the parent company, Lassco (Holdings) Limited, and £64,914 (2023 £64,884) to A. J. Amos (majority shareholder of Lassco (Holdings) Limited) . The parent company will continue to provide financial support to Lassco Ltd.
9 Other information
LASSCO LTD is a private company limited by shares and incorporated in England. Its registered office is:
Brunswick House
30 Wandsworth Road
London
SW8 2LG
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