Company Registration No. 04460787 (England and Wales)
LCS SECURITY LIMITED
ABRIDGED ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2023
LCS SECURITY LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
LCS SECURITY LIMITED
BALANCE SHEET
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
6
82,956
61,413
Current assets
Debtors
7
104,445
89,680
Cash at bank and in hand
72,212
118,941
176,657
208,621
Creditors: amounts falling due within one year
8
(106,028)
(127,986)
Net current assets
70,629
80,635
Total assets less current liabilities
153,585
142,048
Creditors: amounts falling due after more than one year
9
(29,044)
Net assets
153,585
113,004
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
153,485
112,904
Total equity
153,585
113,004
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 2023 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.
The financial statements were approved by the board of directors and authorised for issue on 5 October 2023 and are signed on its behalf by:
P J Williams
Director
Company registration number 04460787 (England and Wales)
LCS SECURITY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023
- 2 -
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
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
2023
2022
Operating profit for the year is stated after charging:
£
£
Loss on disposal of Motor vehicles
-
3,877
Depreciation - owned assets
18,457
2,940
LCS SECURITY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2023
- 3 -
3
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
20
23
4
Interest payable and similar expenses
2023
2022
£
£
Loan interest
894
1,122
Other interest
215
5
Taxation
2023
2022
£
£
Current tax
UK corporation tax on profits for the current period
7,523
778
6
Tangible fixed assets
Computer equipment
Motor vehicles
Total
£
£
£
Cost
At 1 July 2022
1,602
75,691
77,293
Additions
40,000
40,000
At 30 June 2023
1,602
115,691
117,293
Depreciation and impairment
At 1 July 2022
1,602
14,278
15,880
Depreciation charged in the year
18,457
18,457
At 30 June 2023
1,602
32,735
34,337
Carrying amount
At 30 June 2023
82,956
82,956
At 30 June 2022
61,413
61,413
LCS SECURITY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2023
- 4 -
7
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
38,363
22,615
Directors' current accounts
35,100
Amounts owed by group undertakings
21,391
21,388
Other debtors
21,206
Prepayments
9,591
24,471
104,445
89,680
8
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans
10,648
Trade creditors
27,080
Corporation tax
7,523
778
Other taxation and social security
59,817
79,040
Other creditors
3,506
3,480
Accruals
8,102
34,040
106,028
127,986
9
Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans - 1-2 years
10,648
Bank loans - 2-5 years
18,396
29,044