REGISTERED NUMBER: 01407975 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

LANE & WENDEN LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

G N D Williams

E M Williams

SECRETARY:

G N D Williams

REGISTERED OFFICE:

Steward House

14 Commercial Way

Steward House

Woking

Surrey

GU21 6ET

REGISTERED NUMBER:

01407975 (England and Wales)

ACCOUNTANTS:

THP Limited

Chartered Accountants

Unit 4 Mulgrave Chambers

26-28 Mulgrave Road

Sutton

Surrey

SM2 6LE

FIXED ASSETS

Tangible assets

4

470

1,670

CURRENT ASSETS

Stocks

-

29,056

Debtors

5

30,311

61,199

Cash at bank and in hand

73,308

67,551

103,619

157,806

CREDITORS

Amounts falling due within one year

6

22,947

113,203

NET CURRENT ASSETS

80,672

44,603

TOTAL ASSETS LESS CURRENT LIABILITIES

81,142

46,273

PROVISIONS FOR LIABILITIES

7

118

418

NET ASSETS

81,024

45,855

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

80,924

45,755

SHAREHOLDERS' FUNDS

81,024

45,855

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 30 September 2025 and were signed on its behalf by:

G N D Williams - Director

1.	STATUTORY INFORMATION

Lane & Wenden Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Going concern

The financial statements are prepared on the going concern basis, which assumes the ability of the company to continue its activities for the foreseeable future, being a period of not less than twelve months from the approval of these accounts.

The directors, having considered all the information available, are confident that the company has adequate reserves and resources to continue its operational activities for the foreseeable future. Accordingly, the directors are satisfied that the going concern basis continues to be appropriate for the preparation of the annual financial statements.

Revenue recognition

Revenue is measured at the fair value of the consideration received or receivable and represents the amount receivable for goods supplied, net of returns, discounts and value added taxes.

Sales of goods are recognised when goods are delivered to the customer, such that the risks and rewards of ownership have passed to them. For retail items, the point of sale is considered to be point of delivery. Retail sales are usually by cash, credit or payment card.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

10% on reducing balance

Office equipment

-

25% on cost

Capital items below £250 are written off to the profit and loss account as incurred.

Stocks

Stock is stated at the lower of cost and selling price less costs to complete and sell, after making due allowance for obsolete and slow moving items. Stocks are recognised as an expense in the period in which the related revenue is recognised.

Cost is determined on a first in first out basis. Cost includes the purchase price, including taxes and duties, transport and all other costs directly attributable to bringing the stock to its present location and condition.

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.

Pensions

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.

Operating leases

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Office

fittings

equipment

Totals

£

£

£

COST

At 1 January 2024

10,291

2,973

13,264

Additions

-

624

624

Disposals

(10,291

)

(1,807

)

(12,098

)

At 31 December 2024

-

1,790

1,790

DEPRECIATION

At 1 January 2024

8,748

2,846

11,594

Charge for year

154

281

435

Eliminated on disposal

(8,902

)

(1,807

)

(10,709

)

At 31 December 2024

-

1,320

1,320

NET BOOK VALUE

At 31 December 2024

-

470

470

At 31 December 2023

1,543

127

1,670

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

30,311

52,337

Prepayments

-

8,862

30,311

61,199

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

5,065

14,214

Corporation tax

9,480

5,386

Other creditors

5,935

91,162

Directors' current accounts

2,467

2,441

22,947

113,203

7.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred tax

Accelerated capital allowances

118

418

Deferred

tax

£

Balance at 1 January 2024

418

Provided during year

(300

)

Balance at 31 December 2024

118

8.	RELATED PARTY DISCLOSURES

At the year end date the director was owed £2,467 (2023 - £2,441). The amount is interest free and carries no fixed term of repayment.