REGISTERED NUMBER: OC427847 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

LANTEC MANAGED SERVICES LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DESIGNATED MEMBERS:

D Tomlinson

P McAllion

REGISTERED OFFICE:

4 The Studios

322 Chorley Old Road

Bolton

Lancashire

BL1 4JU

REGISTERED NUMBER:

OC427847 (England and Wales)

ACCOUNTANTS:

BTMR Limited

Century Buildings

14 St Mary's Parsonage

Manchester

M3 2DF

FIXED ASSETS

Tangible assets

4

158,623

143,280

CURRENT ASSETS

Stocks

25,000

24,500

Debtors

5

219,455

322,517

Cash at bank

442,634

537,443

687,089

884,460

CREDITORS

Amounts falling due within one year

6

193,684

223,026

NET CURRENT ASSETS

493,405

661,434

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

652,028

804,714

LOANS AND OTHER DEBTS DUE TO MEMBERS

7

652,028

804,714

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

7

652,028

804,714

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 March 2025.

The members acknowledge their responsibilities for:

(a)	ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 9 December 2025 and were signed by:

D Tomlinson - Designated member

1.	STATUTORY INFORMATION

Lantec Managed Services LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General 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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is accounted for as revenue when, and to the extent that, the company obtains a right to consideration in exchange for its performance of its obligations under the sales contract with the customer. the amount reported as revenue is the fair value of the right to consideration - usually the price specified in the contractual arrangement net of discounts and net of VAT, and after any allowance for credit risk and other uncertainties.

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 reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Fixed assets are initially recorded at cost.

Stocks

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

Hire purchase and leasing commitments

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 LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

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.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 11 (2024 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 April 2024

5,363

6,612

253,591

265,566

Additions

20,315

2,317

45,200

67,832

Disposals

-

-

(3,997

)

(3,997

)

At 31 March 2025

25,678

8,929

294,794

329,401

DEPRECIATION

At 1 April 2024

2,044

1,867

118,375

122,286

Charge for year

4,727

1,059

44,572

50,358

Eliminated on disposal

-

-

(1,866

)

(1,866

)

At 31 March 2025

6,771

2,926

161,081

170,778

NET BOOK VALUE

At 31 March 2025

18,907

6,003

133,713

158,623

At 31 March 2024

3,319

4,745

135,216

143,280

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

205,888

306,377

Other debtors

13,567

16,140

219,455

322,517

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

97,080

114,387

Taxation and social security

90,408

100,166

Other creditors

6,196

8,473

193,684

223,026

7.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank equally with debts due to unsecured creditors in the event of a winding up.

There are no restrictions or limitations on the ability of the members to reduce the amount of ‘Members’ other interests'.

8.	ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party of the LLP.