REGISTERED NUMBER: 06963943 (England and Wales)

LANES (SOUTH EAST) LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr W S Yorath

Mrs R L Yorath

REGISTERED OFFICE:

424 Margate Road

Westwood

Ramsgate

Kent

CT12 6SJ

REGISTERED NUMBER:

06963943 (England and Wales)

ACCOUNTANTS:

Spurling Cannon

Chartered Certified Accountants

424 Margate Road

Westwood

Ramsgate

Kent

CT12 6SJ

FIXED ASSETS

Tangible assets

4

202,895

177,796

CURRENT ASSETS

Debtors

5

86,322

78,906

Cash at bank and in hand

25,616

95,414

111,938

174,320

CREDITORS

Amounts falling due within one year

6

77,576

104,873

NET CURRENT ASSETS

34,362

69,447

TOTAL ASSETS LESS CURRENT LIABILITIES

237,257

247,243

CREDITORS

Amounts falling due after more than one year

7

34,791

1,136

NET ASSETS

202,466

246,107

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

201,466

245,107

SHAREHOLDERS' FUNDS

202,466

246,107

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 29 October 2025 and were signed on its behalf by:

Mr W S Yorath - Director

1.	STATUTORY INFORMATION

Lanes (South East) Ltd 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.

Plant and machinery

-

15% on reducing balance

Fixture & Fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2024 - 13 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Fixture &

Motor

Computer

machinery

Fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 August 2024

502,025

5,162

6,916

16,552

530,655

Additions

56,939

863

-

-

57,802

At 31 July 2025

558,964

6,025

6,916

16,552

588,457

DEPRECIATION

At 1 August 2024

328,546

4,468

6,916

12,929

352,859

Charge for year

31,562

233

-

908

32,703

At 31 July 2025

360,108

4,701

6,916

13,837

385,562

NET BOOK VALUE

At 31 July 2025

198,856

1,324

-

2,715

202,895

At 31 July 2024

173,479

694

-

3,623

177,796

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

Plant and

Fixture &

Motor

machinery

Fittings

vehicles

Totals

£

£

£

£

COST

At 1 August 2024

320,658

2,083

4,921

327,662

Additions

55,650

-

-

55,650

At 31 July 2025

376,308

2,083

4,921

383,312

DEPRECIATION

At 1 August 2024

228,069

2,008

4,921

234,998

Charge for year

22,236

27

-

22,263

At 31 July 2025

250,305

2,035

4,921

257,261

NET BOOK VALUE

At 31 July 2025

126,003

48

-

126,051

At 31 July 2024

92,589

75

-

92,664

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

85,893

78,517

Other debtors

429

389

86,322

78,906

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

26,970

6,818

Trade creditors

35,280

28,763

Taxation and social security

3,417

55,508

Other creditors

11,909

13,784

77,576

104,873

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

34,791

1,136