Company Registration No. 06963768 (England and Wales)
LCRM Limited
Unaudited accounts
for the year ended 31 March 2023
LCRM Limited
Unaudited accounts
Contents
LCRM Limited
Company Information
for the year ended 31 March 2023
Directors
NT Davies
VM Davies
Company Number
06963768 (England and Wales)
Registered Office
c/o Pearson & Associates
Eshton Road
SKIPTON
North Yorkshire
BD23 3SE
Accountants
Pearson & Associates
Suite E, Canal Wharf
Eshton Road
Gargrave, Skipton
North Yorkshire
BD23 3SE
LCRM Limited
Statement of financial position
as at 31 March 2023
Tangible assets
29,925
2,731
Cash at bank and in hand
13,219
21,333
Creditors: amounts falling due within one year
(30,383)
(33,759)
Net current assets
42,191
35,696
Called up share capital
100
100
Profit and loss account
72,016
38,327
Shareholders' funds
72,116
38,427
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 18 October 2023 and were signed on its behalf by
NT Davies
Director
Company Registration No. 06963768
LCRM Limited
Notes to the Accounts
for the year ended 31 March 2023
LCRM Limited is a private company, limited by shares, registered in England and Wales, registration number 06963768. The registered office is c/o Pearson & Associates, Eshton Road, SKIPTON, North Yorkshire, BD23 3SE.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
15% reducing balance
Computer equipment
25% reducing balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
LCRM Limited
Notes to the Accounts
for the year ended 31 March 2023
5
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2022
-
2,000
13,126
15,126
Additions
32,190
-
-
32,190
At 31 March 2023
32,190
2,000
13,126
47,316
At 1 April 2022
-
1,729
10,666
12,395
Charge for the year
3,353
50
1,593
4,996
At 31 March 2023
3,353
1,779
12,259
17,391
At 31 March 2023
28,837
221
867
29,925
At 31 March 2022
-
271
2,460
2,731
Amounts falling due within one year
Trade debtors
59,355
47,272
Accrued income and prepayments
-
850
7
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
31,756
59,362
Loans from directors
(19,712)
(25,627)
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).