Company Registration No. 04460787 (England and Wales)
LCS SECURITY LIMITED
ABRIDGED ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2022
LCS SECURITY LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
LCS SECURITY LIMITED
BALANCE SHEET
AS AT 30 JUNE 2022
30 June 2022
- 1 -
2022
2021
Notes
£
£
£
£
Fixed assets
Tangible assets
6
61,413
17,549
Current assets
Debtors
7
89,680
61,650
Cash at bank and in hand
118,941
245,861
208,621
307,511
Creditors: amounts falling due within one year
8
(127,986)
(177,850)
Net current assets
80,635
129,661
Total assets less current liabilities
142,048
147,210
Creditors: amounts falling due after more than one year
9
(29,044)
(38,570)
Net assets
113,004
108,640
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
112,904
108,540
Total equity
113,004
108,640
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 30 June 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
LCS SECURITY LIMITED
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2022
30 June 2022
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 15 August 2022 and are signed on its behalf by:
P Williams
Director
Company Registration No. 04460787
LCS SECURITY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2022
- 3 -
1
Accounting policies
Company information
LCS Security Limited is a private company limited by shares incorporated in England and Wales. The registered office is Balfour House, Suite 210b, 741 High Road, North Finchley, London, N12 0BP.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Computer equipment
25% on cost
Motor vehicles
25% on reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.4
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.
1.5
Leases
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the term of the lease.
2
Operating profit
2022
2021
Operating profit for the year is stated after charging:
£
£
Loss on disposal of Motor vehicles
881
3,877
Depreciation - owned assets
6,349
2,940
LCS SECURITY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2022
- 4 -
3
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2022
2021
Number
Number
Total
23
23
4
Interest payable and similar expenses
2022
2021
£
£
Loan interest
1,122
2,060
Other interest
215
-
5
Taxation
2022
2021
£
£
Current tax
UK corporation tax on profits for the current period
778
10,743
6
Tangible fixed assets
Computer equipment
Motor vehicles
Total
£
£
£
Cost
At 1 July 2021
1,602
28,041
29,643
Additions
51,400
51,400
Disposals
(3,750)
(3,750)
At 30 June 2022
1,602
75,691
77,293
Depreciation and impairment
At 1 July 2021
1,394
10,700
12,094
Depreciation charged in the year
208
6,141
6,349
Eliminated in respect of disposals
(2,563)
(2,563)
At 30 June 2022
1,602
14,278
15,880
Carrying amount
At 30 June 2022
61,413
61,413
At 30 June 2021
208
17,341
17,549
LCS SECURITY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2022
- 5 -
7
Debtors
2022
2021
Amounts falling due within one year:
£
£
Trade debtors
22,615
Amounts owed by group undertakings
21,388
61,650
Other debtors
21,206
Prepayments
24,471
89,680
61,650
8
Creditors: amounts falling due within one year
2022
2021
£
£
Bank loans
10,648
10,648
Corporation tax
778
36,947
Other taxation and social security
79,040
77,943
Directors' current accounts
12,667
Other creditors
3,480
7,199
Accruals
34,040
32,446
127,986
177,850
9
Creditors: amounts falling due after more than one year
2022
2021
£
£
Bank loans - 1-2 years
10,648
21,297
Bank loans - 2-5 years
18,396
17,273
29,044
38,570