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REGISTERED NUMBER: 11705537 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

LSN U.K. LIMITED

LSN U.K. LIMITED (REGISTERED NUMBER: 11705537)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LSN U.K. LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTOR: Mr T J Holmes





REGISTERED OFFICE: Suite 4, East Barton Barns
East Barton Road
Great Barton
Bury St Edmunds
Suffolk
IP31 2QY





REGISTERED NUMBER: 11705537 (England and Wales)





ACCOUNTANTS: Twinn Accountants Limited
Suite 4, East Barton Barns
East Barton Road
Great Barton
Bury St. Edmunds
Suffolk
IP31 2QY

LSN U.K. LIMITED (REGISTERED NUMBER: 11705537)

BALANCE SHEET
30 JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 209,873 191,495

CURRENT ASSETS
Debtors 5 147,136 90,019
Cash at bank 54,265 4,625
201,401 94,644
CREDITORS
Amounts falling due within one year 6 122,804 88,467
NET CURRENT ASSETS 78,597 6,177
TOTAL ASSETS LESS CURRENT
LIABILITIES

288,470

197,672

CREDITORS
Amounts falling due after more than one
year

7

(65,387

)

(73,488

)

PROVISIONS FOR LIABILITIES (44,933 ) (25,913 )
NET ASSETS 178,150 98,271

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 177,950 98,071
SHAREHOLDERS' FUNDS 178,150 98,271

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 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.

LSN U.K. LIMITED (REGISTERED NUMBER: 11705537)

BALANCE SHEET - continued
30 JUNE 2023


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 6 November 2023 and were signed by:





Mr T J Holmes - Director


LSN U.K. LIMITED (REGISTERED NUMBER: 11705537)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1. STATUTORY INFORMATION

LSN U.K. Limited 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Equipment - 20% on reducing balance
Motor vehicles - 25% on reducing balance

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.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

LSN U.K. LIMITED (REGISTERED NUMBER: 11705537)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Motor
Equipment vehicles Totals
£    £    £   
COST
At 1 July 2022 203,463 80,272 283,735
Additions 56,701 15,995 72,696
Disposals - (5,767 ) (5,767 )
At 30 June 2023 260,164 90,500 350,664
DEPRECIATION
At 1 July 2022 72,458 19,782 92,240
Charge for year 35,921 15,364 51,285
Eliminated on disposal - (2,734 ) (2,734 )
At 30 June 2023 108,379 32,412 140,791
NET BOOK VALUE
At 30 June 2023 151,785 58,088 209,873
At 30 June 2022 131,005 60,490 191,495

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
Equipment vehicles Totals
£    £    £   
COST
At 1 July 2022 10,999 54,495 65,494
Additions - 15,995 15,995
At 30 June 2023 10,999 70,490 81,489
DEPRECIATION
At 1 July 2022 3,960 6,148 10,108
Charge for year 1,408 13,087 14,495
At 30 June 2023 5,368 19,235 24,603
NET BOOK VALUE
At 30 June 2023 5,631 51,255 56,886
At 30 June 2022 7,039 48,347 55,386

LSN U.K. LIMITED (REGISTERED NUMBER: 11705537)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 72,433 61,536
Other debtors 57,552 8,897
VAT 15,748 19,149
Prepayments 1,403 437
147,136 90,019

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 9,750 9,633
Hire purchase contracts 13,200 11,187
Trade creditors 70,796 55,493
Corporation tax 15,874 3
Other creditors 2,501 3,090
Director's current account 1,720 2,144
Accrued expenses 8,963 6,917
122,804 88,467

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 10,008 9,880
Bank loans - 2-5 years 9,405 19,654
Hire purchase contracts 45,974 43,954
65,387 73,488

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bounce Back Loan 29,163 39,167

The Bounce Back Loan is secured by the UK government.