| LASSCO LTD |
| Registered number: |
02896144 |
| Balance Sheet |
| as at 31 October 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
4 |
|
|
16,368 |
|
|
5,973 |
|
| Current assets |
| Stocks |
|
|
323,584 |
|
|
273,085 |
| Debtors |
5 |
|
181,803 |
|
|
187,579 |
| Cash at bank and in hand |
|
|
247,027 |
|
|
132,907 |
|
|
|
752,414 |
|
|
593,571 |
|
| Creditors: amounts falling due within one year |
6 |
|
(749,003) |
|
|
(551,349) |
|
| Net current assets |
|
|
|
3,411 |
|
|
42,222 |
|
| Total assets less current liabilities |
|
|
|
19,779 |
|
|
48,195 |
|
| Creditors: amounts falling due after more than one year |
7 |
|
|
(86,675) |
|
|
(175,210) |
|
|
|
| Net liabilities |
|
|
|
(66,896) |
|
|
(127,015) |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
20,000 |
|
|
20,000 |
| Profit and loss account |
|
|
|
(86,896) |
|
|
(147,015) |
|
| Shareholders' funds |
|
|
|
(66,896) |
|
|
(127,015) |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| 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. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
| G.S.C. Amos |
F. G. Auger |
C. R. Martin |
| Director |
Director |
Director |
| Approved by the board on 15 July 2026 |
|
| LASSCO LTD |
| Notes to the Accounts |
| for the year ended 31 October 2025 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. |
|
|
Intangible fixed assets |
|
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses. |
|
Intangibles |
over 3 years |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Motor Vehicles |
over 8 years |
|
Tools and equipment |
over 3 years |
|
Fixtures and fittings |
over 4 years |
|
|
Stocks |
|
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. |
|
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
13 |
|
13 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Intangible fixed assets |
£ |
|
|
Cost |
|
At 1 November 2024 |
60,654 |
|
At 31 October 2025 |
60,654 |
|
|
|
|
|
|
|
|
|
|
Amortisation |
|
At 1 November 2024 |
60,654 |
|
At 31 October 2025 |
60,654 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 October 2025 |
- |
|
|
|
|
|
|
|
|
|
|
|
| 4 |
Tangible fixed assets |
|
|
|
|
Plant and machinery etc |
|
Motor vehicles |
|
Total |
| £ |
£ |
£ |
|
Cost |
|
At 1 November 2024 |
254,673 |
|
7,000 |
|
261,673 |
|
Additions |
4,258 |
|
13,000 |
|
17,258 |
|
At 31 October 2025 |
258,931 |
|
20,000 |
|
278,931 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 November 2024 |
248,700 |
|
7,000 |
|
255,700 |
|
Charge for the year |
5,509 |
|
1,354 |
|
6,863 |
|
At 31 October 2025 |
254,209 |
|
8,354 |
|
262,563 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 October 2025 |
4,722 |
|
11,646 |
|
16,368 |
|
At 31 October 2024 |
5,973 |
|
- |
|
5,973 |
|
|
| 5 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade debtors |
96,639 |
|
102,402 |
|
Amounts owed by group undertakings |
|
18,961 |
|
18,961 |
|
Other debtors |
66,203 |
|
66,216 |
|
|
|
|
|
|
181,803 |
|
187,579 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade creditors |
165,132 |
|
102,235 |
|
Taxation and social security costs |
61,598 |
|
31,770 |
|
Deferred income |
384,583 |
|
278,287 |
|
Other creditors |
137,690 |
|
139,057 |
|
|
|
|
|
|
749,003 |
|
551,349 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Creditors: amounts falling due after one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
|
86,675 |
|
175,210 |
|
|
|
|
|
|
|
|
|
|
| 8 |
Going Concern |
|
|
The directors believe that the company is able to carry on business as a going concern. The creditors include £120,437 (2024 £194,226) to the parent company, Lassco (Holdings) Limited, and £63,463 (2024 £64,914) to A. J. Amos (majority shareholder of Lassco (Holdings) Limited) . The parent company will continue to provide financial support to Lassco Ltd. |
|
|
| 9 |
Other information |
|
|
LASSCO LTD is a private company limited by shares and incorporated in England. Its registered office is: |
|
Brunswick House |
|
30 Wandsworth Road |
|
London |
|
SW8 2LG |