REGISTERED NUMBER: 06501149 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2026

for

Lane & Skillen Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr G H Skillen

SECRETARY:

Mr G H Skillen

REGISTERED OFFICE:

Lake House

Market Hill

Royston

Hertfordshire

SG8 9JN

BUSINESS ADDRESS:

Unit 8 Griffiths Yard

Gazeley Road

Moulton

Newmarket

Suffolk

CB8 8SR

REGISTERED NUMBER:

06501149 (England and Wales)

ACCOUNTANTS:

Hardcastle Burton LLP

Lake House

Market Hill

Royston

Hertfordshire

SG8 9JN

FIXED ASSETS

Intangible assets

4

3,414

-

Tangible assets

5

254,389

274,956

257,803

274,956

CURRENT ASSETS

Stocks

72,500

-

Debtors

6

80,158

334,692

Cash at bank

658,897

1,007,189

811,555

1,341,881

CREDITORS

Amounts falling due within one year

7

61,697

444,484

NET CURRENT ASSETS

749,858

897,397

TOTAL ASSETS LESS CURRENT LIABILITIES

1,007,661

1,172,353

CREDITORS

Amounts falling due after more than one year

8

(39,358

)

(30,968

)

PROVISIONS FOR LIABILITIES

10

(38,398

)

(55,134

)

NET ASSETS

929,905

1,086,251

CAPITAL AND RESERVES

Called up share capital

11

100

100

Retained earnings

929,805

1,086,151

SHAREHOLDERS' FUNDS

929,905

1,086,251

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 October 2026 and were signed by:

Mr G H Skillen - Director

1.	STATUTORY INFORMATION

Lane & Skillen Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

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.

Computer software is being amortised evenly over its estimated useful life of ten years.

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 & machinery: 25% reducing balance

Motor vehicles: 25% reducing balance

Computer equipment: 25% reducing balance

Fixture & fittings: 25% reducing balance

Stocks

Stock consists of raw materials which are valued at the lower of cost and net realisable value, after making due allowances for obsolete and slow moving items.

Work in progress is valued at the lower of cost and net realisable value. Costs include all direct expenditure and an appropriate proportion of fixed and variable overheads.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include debtors, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and loans that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Taxation

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

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

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 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 5 (2025 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

Additions

3,500

At 31 March 2026

3,500

AMORTISATION

Charge for year

86

At 31 March 2026

86

NET BOOK VALUE

At 31 March 2026

3,414

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2025

374,267

4,995

172,467

19,073

570,802

Additions

67,329

624

141,760

1,563

211,276

Disposals

(164,750

)

-

(112,383

)

-

(277,133

)

At 31 March 2026

276,846

5,619

201,844

20,636

504,945

DEPRECIATION

At 1 April 2025

241,573

4,232

34,017

16,024

295,846

Charge for year

42,749

229

46,574

822

90,374

Eliminated on disposal

(93,835

)

-

(41,829

)

-

(135,664

)

At 31 March 2026

190,487

4,461

38,762

16,846

250,556

NET BOOK VALUE

At 31 March 2026

86,359

1,158

163,082

3,790

254,389

At 31 March 2025

132,694

763

138,450

3,049

274,956

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

Motor

vehicles

£

COST

At 1 April 2025

57,895

Additions

69,815

Disposals

(57,895

)

At 31 March 2026

69,815

DEPRECIATION

At 1 April 2025

1,229

Charge for year

16,690

Eliminated on disposal

(10,699

)

At 31 March 2026

7,220

NET BOOK VALUE

At 31 March 2026

62,595

At 31 March 2025

56,666

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Trade debtors

71,061

334,692

Prepayments and accrued income

9,097

-

80,158

334,692

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Hire purchase contracts

1,907

577

Trade creditors

44,056

146,913

Tax

4,652

152,985

Social security and other taxes

1,879

4,668

VAT

60

69,082

Other creditors

1,796

3,775

Directors' loan accounts

1,299

719

Accruals and deferred income

6,048

65,765

61,697

444,484

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.26

31.3.25

£

£

Hire purchase contracts

39,358

30,968

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.26

31.3.25

£

£

Hire purchase contracts

41,265

31,545

10.	PROVISIONS FOR LIABILITIES

31.3.26

31.3.25

£

£

Deferred tax

38,398

55,134

Deferred

tax

£

Balance at 1 April 2025

55,134

Accelerated capital allowances

(16,736

)

Balance at 31 March 2026

38,398

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.26

31.3.25

value:

£

£

45

A Ordinary

£1

45

45

45

B Ordinary

£1

45

45

9

C Ordinary

£1

9

9

1

D Ordinary

£1

1

1

100

100

12.	PENSION COMMITMENTS

The company operates a defined contribution pension scheme.The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £6,285 (2025: £6,112). There was £Nil outstanding contributions due at the year-end (2025:£169).