REGISTERED NUMBER: 06474953

Lancetek Ltd

Unaudited Financial Statements

for the Year Ended 31 March 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr L S Keay

Mrs M A Keay

SECRETARY:

Mrs M A Keay

REGISTERED OFFICE:

9 West Buckeridge

Teignmouth

Devon

TQ14 8NF

REGISTERED NUMBER:

06474953

ACCOUNTANTS:

AMS Accountancy Limited

Delta 606

Welton Road

Delta Office Park

Swindon

Wiltshire

SN5 7XF

FIXED ASSETS

Tangible assets

4

2,331

3,401

CURRENT ASSETS

Stocks

5

-

8

Debtors

6

37,582

4,559

Cash at bank

1,114

13,829

38,696

18,396

CREDITORS

Amounts falling due within one year

7

(28,165

)

(13,982

)

NET CURRENT ASSETS

10,531

4,414

TOTAL ASSETS LESS CURRENT LIABILITIES

12,862

7,815

CREDITORS

Amounts falling due after more than one year

8

(12,665

)

(16,883

)

NET ASSETS/(LIABILITIES)

197

(9,068

)

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

97

(9,168

)

SHAREHOLDERS' FUNDS

197

(9,068

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 October 2025 and were signed on its behalf by:

Mr L S Keay - Director

Mrs M A Keay - Director

1.	STATUTORY INFORMATION

Lancetek Ltd is a private company, limited by shares , registered in Not specified/Other. 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.

Plant and machinery

-

20% on cost

Fixtures and fittings

-

20% on cost

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 April 2024

1,573

5,422

18,021

25,016

Additions

165

-

-

165

Disposals

(1,573

)

-

(767

)

(2,340

)

At 31 March 2025

165

5,422

17,254

22,841

DEPRECIATION

At 1 April 2024

1,546

2,178

17,891

21,615

Charge for year

33

1,085

87

1,205

Eliminated on disposal

(1,546

)

-

(764

)

(2,310

)

At 31 March 2025

33

3,263

17,214

20,510

NET BOOK VALUE

At 31 March 2025

132

2,159

40

2,331

At 31 March 2024

27

3,244

130

3,401

5.

STOCKS

2025

2024

£

£

Stocks

-

8

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

22,630

-

Other debtors

14,952

4,559

37,582

4,559

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

9,318

11,195

Trade creditors

265

289

Taxation and social security

18,372

1,682

Other creditors

210

816

28,165

13,982

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

12,665

16,883

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

1

100

100

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

£

Mr L S Keay

Balance outstanding at start of year

3,334

8,524

Amounts advanced

7,643

3,334

Amounts repaid

-

(8,524

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

10,977

3,334