Company Registration No. 05717682 (England and Wales)
Lucid People (UK) Limited
Unaudited accounts
for the year ended 31 March 2023
Lucid People (UK) Limited
Statement of financial position
as at 31 March 2023
Tangible assets
4,926
5,984
Cash at bank and in hand
545,083
572,422
Creditors: amounts falling due within one year
(119,558)
(202,492)
Net current assets
434,723
548,550
Net assets
439,649
554,534
Called up share capital
150
150
Profit and loss account
439,499
554,384
Shareholders' funds
439,649
554,534
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 director acknowledges her 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 and authorised for issue on 26 December 2023 and were signed on its behalf by
Madeleine Morton
Director
Company Registration No. 05717682
Lucid People (UK) Limited
Notes to the Accounts
for the year ended 31 March 2023
Lucid People (UK) Limited is a private company, limited by shares, registered in England and Wales, registration number 05717682. The registered office is 16 MONTPELIER STREET, BRIGHTON, BN1 3DJ, ENGLAND.
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.
These financial statements for the year ended 31 March 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2021.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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.
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:
Plant & machinery
33% reducing balance
4
Tangible fixed assets
Plant & machinery
Lucid People (UK) Limited
Notes to the Accounts
for the year ended 31 March 2023
Amounts falling due within one year
Trade debtors
59,323
178,620
Accrued income and prepayments
9,875
-
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
1,385
59,767
Other creditors
1,904
1,906
Loans from directors
562
577
7
Average number of employees
During the year the average number of employees was 4 (2022: 5).