Registered number
04143306
Lysander Associates Limited
Filleted Accounts
31 December 2021
Lysander Associates Limited
Registered number: 04143306
Balance Sheet
as at 31 December 2021
Notes 2021 2020
£ £
Fixed assets
Intangible assets 3 11,988 -
Tangible assets 4 281,638 79,303
293,626 79,303
Current assets
Debtors 6 3,126,720 1,444,807
Cash at bank and in hand 1,365,747 1,602,833
4,492,467 3,047,640
Creditors: amounts falling due within one year 7 (1,515,953) (1,214,149)
Net current assets 2,976,514 1,833,491
Total assets less current liabilities 3,270,140 1,912,794
Creditors: amounts falling due after more than one year 8 (30,759) (14,420)
Provisions for liabilities (40,102) (13,974)
Net assets 3,199,279 1,884,400
Capital and reserves
Called up share capital 500 500
Capital redemption reserve 500 500
Profit and loss account 3,198,279 1,883,400
Shareholders' funds 3,199,279 1,884,400
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.
Mr J W Duckworth
Director
Approved by the board on 13 September 2022
Lysander Associates Limited
Notes to the Accounts
for the period from 1 July 2020 to 31 December 2021
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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Office fit out costs over the lease term
Furniture and equipment 20% reducing balance
Motor vehicles 20% reducing balance
Computer equipment 3 year straight line
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2021 2020
Number Number
Average number of persons employed by the company 40 24
3 Intangible fixed assets £
Software development :
Cost
Additions 14,383
At 31 December 2021 14,383
Amortisation
Provided during the period 2,395
At 31 December 2021 2,395
Net book value
At 31 December 2021 11,988
Software development costs are to be written off in equal annual instalments over their estimated economic life of 5 years.
4 Tangible fixed assets
Equip and Fixtures Motor vehicles Total
£ £ £
Cost
At 1 July 2020 240,774 - 240,774
Additions 215,928 65,235 281,163
At 31 December 2021 456,702 65,235 521,937
Depreciation
At 1 July 2020 161,471 - 161,471
Charge for the period 72,941 5,887 78,828
At 31 December 2021 234,412 5,887 240,299
Net book value
At 31 December 2021 222,290 59,348 281,638
At 30 June 2020 79,303 - 79,303
5 Investments
Lysander Associates Limited owns shares in the following subsidiaries and group undertakings :
Shareholding (%) Country of Registration
Lysander Group (EU) GmbH 100% Germany
Lysander Projektmanagement GmbH 100% Germany
Lysander Gestion de Proyectos, S.L 100% Spain
Lysander Gestione di Progetto S.r.l 100% Italy
Lyander Gestion de Projets Sarl 100% France
Lysander B.V 100% Netherlands
6 Debtors 2021 2020
£ £
Trade debtors 1,410,892 522,681
Amounts owed by group undertakings and undertakings in which the company has a participating interest 798,607 428,220
Other debtors 917,221 493,906
3,126,720 1,444,807
7 Creditors: amounts falling due within one year 2021 2020
£ £
Obligations under finance lease and hire purchase contracts 11,644 11,099
Trade creditors 412,255 117,634
Taxation and social security costs 900,248 446,734
Other creditors 191,806 638,682
1,515,953 1,214,149
8 Creditors: amounts falling due after one year 2021 2020
£ £
Obligations under finance lease and hire purchase contracts 30,759 14,420
9 Other financial commitments 2021 2020
£ £
Total future minimum payments under non-cancellable operating leases 655,220 249,392
10 Related party transactions
The company has taken advantage of exemptions conferred by FRS102 S33.1A and consequently these financial statements do not disclose transactions with the parent undertaking and fellow subsidiaries where 100% of the voting rights are controlled within the group.
11 Other information
Lysander Associates Limited is a private company limited by shares and incorporated in England. Its registered office is:
Greenways Studios
Lower Eashing
Godalming
Surrey
GU7 2QF
Lysander Associates Limited 04143306 false 2020-07-01 2021-12-31 2021-12-31 VT Final Accounts April 2022 Mr J W Duckworth No description of principal activity 04143306 2019-07-01 2020-06-30 04143306 core:WithinOneYear 2020-06-30 04143306 core:AfterOneYear 2020-06-30 04143306 core:ShareCapital 2020-06-30 04143306 core:SharePremium 2020-06-30 04143306 core:RetainedEarningsAccumulatedLosses 2020-06-30 04143306 core:AllPeriods 2020-06-30 04143306 2020-07-01 2021-12-31 04143306 bus:PrivateLimitedCompanyLtd 2020-07-01 2021-12-31 04143306 bus:AuditExemptWithAccountantsReport 2020-07-01 2021-12-31 04143306 bus:Director40 2020-07-01 2021-12-31 04143306 1 2020-07-01 2021-12-31 04143306 2 2020-07-01 2021-12-31 04143306 core:Goodwill 2020-07-01 2021-12-31 04143306 core:PlantMachinery 2020-07-01 2021-12-31 04143306 core:Vehicles 2020-07-01 2021-12-31 04143306 countries:England 2020-07-01 2021-12-31 04143306 bus:FRS102 2020-07-01 2021-12-31 04143306 bus:FullAccounts 2020-07-01 2021-12-31 04143306 2021-12-31 04143306 core:WithinOneYear 2021-12-31 04143306 core:AfterOneYear 2021-12-31 04143306 core:ShareCapital 2021-12-31 04143306 core:SharePremium 2021-12-31 04143306 core:RetainedEarningsAccumulatedLosses 2021-12-31 04143306 core:Goodwill 2021-12-31 04143306 core:PlantMachinery 2021-12-31 04143306 core:Vehicles 2021-12-31 04143306 core:AllPeriods 2021-12-31 04143306 2020-06-30 04143306 core:PlantMachinery 2020-06-30 04143306 core:Vehicles 2020-06-30 iso4217:GBP xbrli:pure