Registration number: 00150264

Lantex Manufacturing Company Limited

Contents

Balance Sheet	1 to 2
Notes to the Unaudited Financial Statements	3 to 9

Lantex Manufacturing Company Limited

(Registration number: 00150264)
Balance Sheet as at 28 February 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	4	16,320	16,680
Tangible assets	5	6,047	6,049
		22,367	22,729
Current assets
Stocks	6	277,049	420,903
Debtors	7	237,655	294,525
Investments	8	-	4,500
Cash at bank and in hand		166,282	79,643
		680,986	799,571
Creditors: Amounts falling due within one year	9	(246,356)	(335,884)
Net current assets		434,630	463,687
Total assets less current liabilities		456,997	486,416
Creditors: Amounts falling due after more than one year	9	(3,380)	(13,380)
Net assets		453,617	473,036
Capital and reserves
Called up share capital		13,042	13,042
Share premium reserve		450	450
Capital redemption reserve		500	500
Retained earnings		439,625	459,044
Shareholders' funds		453,617	473,036

Lantex Manufacturing Company Limited

(Registration number: 00150264)
Balance Sheet as at 28 February 2025

For the financial period ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 8 July 2025
 

......................................... J Parker Director

Lantex Manufacturing Company Limited

Notes to the Unaudited Financial Statements for the Period from 29 February 2024 to 28 February 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Oxford Court
Oxford Street
Accrington
Lancashire
BB5 1QX
England

These financial statements were authorised for issue by the director on 8 July 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared in sterling (£) using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Lantex Manufacturing Company Limited

Notes to the Unaudited Financial Statements for the Period from 29 February 2024 to 28 February 2025

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and Machinery	20% straight line
Fixtures and fittings	10% straight line
Computer Equipment	20% straight line

Intangible assets

Separately acquired trademarks and licences are shown at historical cost.

Trademarks, licences (including software) and customer-related intangible assets acquired in a business combination are recognised at fair value at the acquisition date.

Trademarks, licences and customer-related intangible assets have a finite useful life and are carried at cost less accumulated amortisation and any accumulated impairment losses.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Patents	10% straight line

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Lantex Manufacturing Company Limited

Notes to the Unaudited Financial Statements for the Period from 29 February 2024 to 28 February 2025

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Lantex Manufacturing Company Limited

Notes to the Unaudited Financial Statements for the Period from 29 February 2024 to 28 February 2025

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including the director) during the period, was 30 (2024 - 32).

Lantex Manufacturing Company Limited

Notes to the Unaudited Financial Statements for the Period from 29 February 2024 to 28 February 2025

4	Intangible assets

	Trademarks, patents and licenses  £	Internally generated software development costs  £	Total £
Cost or valuation
At 29 February 2024	3,600	15,600	19,200
At 28 February 2025	3,600	15,600	19,200
Amortisation
At 29 February 2024	2,520	-	2,520
Amortisation charge	360	-	360
At 28 February 2025	2,880	-	2,880
Carrying amount
At 28 February 2025	720	15,600	16,320
At 28 February 2024	1,080	15,600	16,680

5	Tangible assets

	Furniture, fittings and equipment  £	Other tangible assets £	Total £
Cost or valuation
At 29 February 2024	74,452	130,915	205,367
Additions	1,205	1,445	2,650
At 28 February 2025	75,657	132,360	208,017
Depreciation
At 29 February 2024	72,976	126,342	199,318
Charge for the period	1,421	1,231	2,652
At 28 February 2025	74,397	127,573	201,970
Carrying amount
At 28 February 2025	1,260	4,787	6,047
At 28 February 2024	1,476	4,573	6,049

Lantex Manufacturing Company Limited

Notes to the Unaudited Financial Statements for the Period from 29 February 2024 to 28 February 2025

6

Stocks

	2025 £	2024 £
Other inventories	277,049	420,903

7

Debtors

Current	Note	2025 £	2024 £
Trade debtors		162,452	238,438
Amounts owed by related parties		44,904	44,304
Prepayments		19,650	10,420
Other debtors		10,649	1,363
		237,655	294,525

8	Current asset investments

	2025 £	2024 £
Shares in group undertakings	-	4,500

Lantex Manufacturing Company Limited

Notes to the Unaudited Financial Statements for the Period from 29 February 2024 to 28 February 2025

9

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	10	10,000	10,000
Trade creditors		166,593	267,223
Taxation and social security		-	31,592
Accruals and deferred income		63,125	10,732
Other creditors		6,638	16,337
		246,356	335,884

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	10	3,380	13,380

10	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	3,380	13,380

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	10,000	10,000

11	Parent and ultimate parent undertaking

The company's immediate parent is Lantex Holdings Limited, incorporated in England.