REGISTERED NUMBER: 03988198 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 May 2025

for

LAN CONCEPTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

K Clark

M F Culver

SECRETARY:

Mrs R J Clark

REGISTERED OFFICE:

May Lodge

Park Lane

Cane End

Reading

Berkshire

RG4 9HP

REGISTERED NUMBER:

03988198 (England and Wales)

ACCOUNTANTS:

Arcadian Accounting Ltd

152 Kidmore End Road

Emmer Green

Reading

Berkshire

RG4 8SP

FIXED ASSETS

Tangible assets

4

39,568

7,714

Investments

5

101

101

39,669

7,815

CURRENT ASSETS

Debtors

6

263,691

717,965

Cash at bank

555,223

228,207

818,914

946,172

CREDITORS

Amounts falling due within one year

7

232,266

135,547

NET CURRENT ASSETS

586,648

810,625

TOTAL ASSETS LESS CURRENT LIABILITIES

626,317

818,440

PROVISIONS FOR LIABILITIES

-

1,466

NET ASSETS

626,317

816,974

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

626,217

816,874

SHAREHOLDERS' FUNDS

626,317

816,974

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 November 2025 and were signed on its behalf by:

K Clark - Director

1.	STATUTORY INFORMATION

LAN CONCEPTS 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.

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.

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 etc

-

25% on reducing balance

Investments in associates

Investments in associate undertakings are recognised at cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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.

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 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 June 2024

82,681

Additions

51,217

Disposals

(34,695

)

At 31 May 2025

99,203

DEPRECIATION

At 1 June 2024

74,967

Charge for year

13,188

Eliminated on disposal

(28,520

)

At 31 May 2025

59,635

NET BOOK VALUE

At 31 May 2025

39,568

At 31 May 2024

7,714

5.	FIXED ASSET INVESTMENTS

Interest

in

associate

£

COST

At 1 June 2024

and 31 May 2025

101

NET BOOK VALUE

At 31 May 2025

101

At 31 May 2024

101

6.

DEBTORS

31.5.25

31.5.24

£

£

Amounts falling due within one year:

Trade debtors

192,240

114,971

Paye/NI/CIS repayable

15,871

-

Corporation Tax repayable

36,347

-

VAT

18,324

-

Prepayments and accrued income

909

431

263,691

115,402

Amounts falling due after more than one year:

Amounts owed by/to Associates

-

602,563

Aggregate amounts

263,691

717,965

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Trade creditors

223,967

71,998

Tax

-

36,347

Social security and other taxes

-

3,392

VAT

-

9,209

Other creditors

727

6,021

Directors' current accounts

2,922

4,230

Accrued expenses

4,650

4,350

232,266

135,547

8.	RELATED PARTY DISCLOSURES

The Company is under the control of Mr Kevin Clark and Mrs Rebecca Clark who own 65% of the Issued Share Capital. Mr Kevin Clark and Mr Mark Culver are both directors of the Company.

The company is the holding company of Electrical Concepts Ltd (by holding 66.67% of the Issued Share Capital), which is also ultimately under the control of Mr Kevin Clark, Mrs Rebecca Clark and Mr Mark Culver.

At 31st May 2025 the company was owed £5,017 (2024: £4,245) from Electrical Concepts Ltd in respect of arm's length transactions between the two companies.

The total amount of transactions between the two companies were as follows:

£4,709 - sales (2024: £3,538)

The company is the holding company of Property Concepts (Southern) Ltd (by holding 100% of the Issued Share Capital), which is also ultimately under the control of Mr Kevin Clark, Mrs Rebecca Clark and Mr Mark Culver.

The total Loan granted to Property Concepts (Southern) Ltd is £0 at 31st May 2025 (2024: £602,563).

At 31st May 2025 the company was owed £0 (2024: £6,000) from Property Concepts (Southern) Ltd in respect of arm's length transactions between the two companies.

The total amount of transactions between the two companies were as follows:

£0 - sales (2024: £5,000)