REGISTERED NUMBER: 08563750 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 June 2025

for

Lacey Books Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr D F Lacey

Mrs B S Lacey

REGISTERED OFFICE:

Oakley House

Tetbury Road

Cirencester

Gloucestershire

GL7 1US

REGISTERED NUMBER:

08563750 (England and Wales)

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

2,109

1,119

2,109

1,119

CURRENT ASSETS

Stocks

55,607

44,644

Debtors

6

4,126

3,555

Cash at bank and in hand

25,232

44,457

84,965

92,656

CREDITORS

Amounts falling due within one year

7

36,388

13,483

NET CURRENT ASSETS

48,577

79,173

TOTAL ASSETS LESS CURRENT LIABILITIES

50,686

80,292

PROVISIONS FOR LIABILITIES

401

280

NET ASSETS

50,285

80,012

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

50,185

79,912

50,285

80,012

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 24 November 2025 and were signed on its behalf by:

Mr D F Lacey - Director

Mrs B S Lacey - Director

1.	STATUTORY INFORMATION

Lacey Books 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of nil years.

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

-

15% on reducing balance

Computer equipment

-

33% on straight line basis

Stocks

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

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

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.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Development

Goodwill

costs

Totals

£

£

£

COST

At 1 July 2024

and 30 June 2025

70,000

70,000

140,000

AMORTISATION

At 1 July 2024

and 30 June 2025

70,000

70,000

140,000

NET BOOK VALUE

At 30 June 2025

-

-

-

At 30 June 2024

-

-

-

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 July 2024

1,431

6,014

7,445

Additions

464

1,332

1,796

Disposals

-

(1,074

)

(1,074

)

At 30 June 2025

1,895

6,272

8,167

DEPRECIATION

At 1 July 2024

590

5,736

6,326

Charge for year

196

691

887

Eliminated on disposal

-

(1,155

)

(1,155

)

At 30 June 2025

786

5,272

6,058

NET BOOK VALUE

At 30 June 2025

1,109

1,000

2,109

At 30 June 2024

841

278

1,119

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,228

-

VAT

2,898

2,189

Prepayments and accrued income

-

1,366

4,126

3,555

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

2,414

-

Tax

4,505

5,940

Directors' current accounts

28,519

6,463

Accruals and deferred income

950

1,080

36,388

13,483

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 June 2025 and 30 June 2024:

2025

2024

£

£

Mrs B S Lacey

Balance outstanding at start of year

(3,232

)

(916

)

Amounts advanced

-

32

Amounts repaid

(550

)

(2,348

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(3,782

)

(3,232

)

Mr D F Lacey

Balance outstanding at start of year

(3,231

)

(916

)

Amounts advanced

-

33

Amounts repaid

(550

)

(2,348

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(3,781

)

(3,231

)