REGISTERED NUMBER: 01518215 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Lait Storage & Distribution Limited

Page

Company Information

1

Chartered Certified Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

G J Lait

R J Lait

SECRETARY:

G J Lait

REGISTERED OFFICE:

Electra House

1A Gilberd Road

Colchester

Essex

CO2 7LR

REGISTERED NUMBER:

01518215 (England and Wales)

ACCOUNTANTS:

JTF

Chartered Certified Accountants

Electra House

1A Gilberd Road

Colchester

Essex

CO2 7LR

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Lait Storage & Distribution Limited for the year ended 31 December 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Lait Storage & Distribution Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Lait Storage & Distribution Limited and state those matters that we have agreed to state to the Board of Directors of Lait Storage & Distribution Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at

https://www.accaglobal.com/gb/en/technical-activities/technical-resources-

search/2009/october/factsheet-163-audit-exempt-companies.html.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Lait Storage & Distribution Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Lait Storage & Distribution Limited. You consider that Lait Storage & Distribution Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Lait Storage & Distribution Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

JTF

Chartered Certified Accountants

Electra House

1A Gilberd Road

Colchester

Essex

CO2 7LR

16 September 2025

FIXED ASSETS

Tangible assets

4

1,695,258

1,751,580

CURRENT ASSETS

Debtors

5

180,856

162,332

Cash at bank

79,298

181,425

260,154

343,757

CREDITORS

Amounts falling due within one year

6

131,884

185,553

NET CURRENT ASSETS

128,270

158,204

TOTAL ASSETS LESS CURRENT LIABILITIES

1,823,528

1,909,784

CREDITORS

Amounts falling due after more than one year

7

758,564

821,505

NET ASSETS

1,064,964

1,088,279

CAPITAL AND RESERVES

Called up share capital

38,000

38,000

Capital redemption reserve

12,000

12,000

Retained earnings

1,014,964

1,038,279

SHAREHOLDERS' FUNDS

1,064,964

1,088,279

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 16 September 2025 and were signed on its behalf by:

G J Lait - Director

1.	STATUTORY INFORMATION

Lait Storage & Distribution 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.

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property

-

2% on cost

Plant and machinery

-

25% on cost

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% on cost

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 January 2024

and 31 December 2024

2,093,538

63,287

204,629

170,030

2,531,484

DEPRECIATION

At 1 January 2024

451,842

63,287

204,558

60,217

779,904

Charge for year

13,745

-

71

42,506

56,322

At 31 December 2024

465,587

63,287

204,629

102,723

836,226

NET BOOK VALUE

At 31 December 2024

1,627,951

-

-

67,307

1,695,258

At 31 December 2023

1,641,696

-

71

109,813

1,751,580

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 January 2024

and 31 December 2024

170,030

DEPRECIATION

At 1 January 2024

60,217

Charge for year

42,506

At 31 December 2024

102,723

NET BOOK VALUE

At 31 December 2024

67,307

At 31 December 2023

109,813

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

123,158

115,615

Other debtors

550

-

Prepayments and accrued income

57,148

46,717

180,856

162,332

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

41,983

39,664

Hire purchase contracts (see note 8)

26,250

26,520

Trade creditors

12,810

13,275

Tax

2,878

16,049

Social security and other taxes

7,216

30,821

VAT

11,460

13,686

Directors' current accounts

8,250

18,250

Accruals and deferred income

21,037

27,288

131,884

185,553

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans - 1-2 years

44,439

41,983

Bank loans - 2-5 years

149,528

141,266

Bank loans - more than 5 years

546,648

594,057

Hire purchase contracts (see note 8)

17,949

44,199

758,564

821,505

Amounts falling due in more than five years:

Repayable by instalments

Bank loans - more than 5 years

546,648

594,057

8.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

31.12.24

31.12.23

£

£

Net obligations repayable:

Within one year

26,250

26,520

Between one and five years

17,949

44,199

44,199

70,719

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

£

£

Bank loans

782,598

816,970

Hire purchase contracts

44,199

70,719

826,797

887,689

The bank loan is secured on one of the company's freehold properties - Unit 2 Northern Road, Sudbury.

Liabilities under hire purchase contracts are secured on the assets to which they relate.