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COMPANY REGISTRATION NUMBER: 13603786
Lucra Technologies Limited
Filleted Unaudited Financial Statements
For the year ended
31 March 2023
Lucra Technologies Limited
Statement of Financial Position
31 March 2023
2023
2022
Note
£
£
£
Current assets
Debtors
4
19,062
Cash at bank and in hand
9,326
1
--------
----
28,388
1
Creditors: amounts falling due within one year
5
2,490
--------
----
Net current assets
25,898
1
--------
----
Total assets less current liabilities
25,898
1
Creditors: amounts falling due after more than one year
6
25,335
--------
----
Net assets
563
1
--------
----
Capital and reserves
Called up share capital
7
50,001
1
Profit and loss account
( 49,438)
--------
----
Shareholders funds
563
1
--------
----
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
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.
Directors' responsibilities:
- 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 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 3 October 2023 , and are signed on behalf of the board by:
A Schweber
Director
Company registration number: 13603786
Lucra Technologies Limited
Notes to the Financial Statements
Year ended 31 March 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 110-112, Lancaster Road, Barnet, EN48AL, England.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity. Going Concern The financial statements have been prepared on a going concern basis. The directors have assessed the Company's ability to continue as a going concern and have reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. The parent company have agreed to meet all short and long term debt as they fall due. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Financial instruments
A financial asset or liability is recognised only when the company becomes a party to the contractual provisions of the financial instrument. Basic financial assets, which include trade and other debtors and cash, are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Basic financial liabilities, which include trade and other creditors, are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. At each reporting date the company assesses whether there is objective evidence that any financial asset has been impaired. A provision for impairment is established when there is objective evidence that the company will not be able to collect all amounts due. The amount of the provision is recognised immediately in profit or loss.
4. Debtors
2023
2022
£
£
Other debtors
19,062
--------
----
5. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
890
Other creditors
1,600
-------
----
2,490
-------
----
6. Creditors: amounts falling due after more than one year
2023
2022
£
£
Amounts owed to group undertakings and undertakings in which the company has a participating interest
25,335
--------
----
7. Called up share capital
Issued, called up and fully paid
2023
2022
No.
£
No.
£
Ordinary shares of £ 1 each
50,001
50,001
1
1
--------
--------
----
----
During the year, the company issued 50,000 ordinary shares at £1 par value.
8. Related party transactions
The company has taken advantage of exemption under FRS 102 section 1A from the requirement to disclose related party transactions with group undertakings.