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Registered Number: 07668310
England and Wales

 

 

 


Abridged Accounts


for the year ended 30 June 2025

for

LANCASHIRE ASSET FINANCE LTD

Report to the directors on the preparation of the unaudited statutory accounts of Lancashire Asset Finance Ltd for the year ended 30 June 2025.
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Lancashire Asset Finance Ltd for the year ended 30 June 2025 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the companys 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
http://rulebook.accaglobal.com/.
This report is made solely to the Board of Directors of Lancashire Asset Finance Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Lancashire Asset Finance Ltd and state those matters that we have agreed to state to the Board of Directors of Lancashire Asset Finance Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Lancashire Asset Finance Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Lancashire Asset Finance Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Lancashire Asset Finance Ltd. You consider that Lancashire Asset Finance Ltd 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 accounts of Lancashire Asset Finance Ltd. 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 accounts.



....................................................

Forbes Watson Limited

The Old Bakery
Green Street
Lytham
FY8 5LG
30 September 2025
1
 
 
Notes
 
2025
£
  2024
£
Fixed assets      
Tangible fixed assets 3 14,974    18,450 
14,974    18,450 
Current assets      
Debtors 14,000    10,681 
Cash at bank and in hand 55,131    84,609 
69,131    95,290 
Creditors: amount falling due within one year (22,460)   (27,948)
Net current assets 46,671    67,342 
 
Total assets less current liabilities 61,645    85,792 
Net assets 61,645    85,792 
 

Capital and reserves
     
Called up share capital 40    40 
Profit and loss account 61,605    85,752 
Shareholders' funds 61,645    85,792 
 


For the year ended 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. 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.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 30 September 2025 and were signed on its behalf by:


-------------------------------
Sarah Jane Harwood
Director
2
General Information
Lancashire Asset Finance Ltd is a private company, limited by shares, registered in England and Wales, registration number 07668310, registration address The Old Bakery, Green Street, Lytham St Annes, FY8 5LG.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
2.

Average number of employees

Average number of employees during the year was 4 (2024 : 3).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Total
  £   £
At 01 July 2024 58,415    58,415 
Additions 1,516    1,516 
Disposals  
At 30 June 2025 59,931    59,931 
Depreciation
At 01 July 2024 39,965    39,965 
Charge for year 4,992    4,992 
On disposals  
At 30 June 2025 44,957    44,957 
Net book values
Closing balance as at 30 June 2025 14,974    14,974 
Opening balance as at 01 July 2024 18,450    18,450 


3