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REGISTERED NUMBER: 06317194 (England and Wales)















Unaudited Financial Statements

For The Year Ended 31 July 2022

for

LBCO LTD

LBCO LTD (REGISTERED NUMBER: 06317194)






Contents of the Financial Statements
For The Year Ended 31 July 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


LBCO LTD

Company Information
For The Year Ended 31 July 2022







DIRECTOR: L G Lees-Buckley





REGISTERED OFFICE: 16 Northfields Prospect
Putney Bridge Road
London
SW18 1PE





REGISTERED NUMBER: 06317194 (England and Wales)





ACCOUNTANTS: LBCo Ltd
T/A Lees-Buckley & Co
16 Northfields Prospect
Putney Bridge Road
London
SW18 1PE

LBCO LTD (REGISTERED NUMBER: 06317194)

Balance Sheet
31 July 2022

31.7.22 31.7.21
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 152,500 183,000
Tangible assets 5 - -
152,500 183,000

CURRENT ASSETS
Work In Progress 55,298 65,650
Debtors 6 330,476 335,410
Cash at bank 21,328 2,428
407,102 403,488
CREDITORS
Amounts falling due within one year 7 193,111 180,250
NET CURRENT ASSETS 213,991 223,238
TOTAL ASSETS LESS CURRENT
LIABILITIES

366,491

406,238

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 366,490 406,237
SHAREHOLDERS' FUNDS 366,491 406,238

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 October 2023 and were signed by:




L G Lees-Buckley - Director


LBCO LTD (REGISTERED NUMBER: 06317194)

Notes to the Financial Statements
For The Year Ended 31 July 2022

1. STATUTORY INFORMATION

LBCO LTD 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 represents the invoiced value of services provided in the year excluding Value Added Tax

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of thirty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Tangible fixed assets are stated at cost less depreciation.

Depreciation is provided at rates calculated to write off the cost of fixed assets, less estimated residual value, over their expected useful lives on the following basis;

Furniture and Equipment 15% straight line basis
Computer Equipment 25% straight line basis

Work in progress
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing work in progress to their present location and condition.

Work in Progress is valued at the lower of cost and net realisable value

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


LBCO LTD (REGISTERED NUMBER: 06317194)

Notes to the Financial Statements - continued
For The Year Ended 31 July 2022

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2021 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2021
and 31 July 2022 610,000
AMORTISATION
At 1 August 2021 427,000
Charge for year 30,500
At 31 July 2022 457,500
NET BOOK VALUE
At 31 July 2022 152,500
At 31 July 2021 183,000

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 August 2021
and 31 July 2022 6,470
DEPRECIATION
At 1 August 2021
and 31 July 2022 6,470
NET BOOK VALUE
At 31 July 2022 -
At 31 July 2021 -

LBCO LTD (REGISTERED NUMBER: 06317194)

Notes to the Financial Statements - continued
For The Year Ended 31 July 2022

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.22 31.7.21
£    £   
Trade debtors 183,805 170,922
Other debtors 146,671 164,488
330,476 335,410

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.22 31.7.21
£    £   
Taxation and social security 162,647 147,145
Other creditors 30,464 33,105
193,111 180,250