Company Registration No. 06415765 (England and Wales)
London Specialist Capital Limited
Unaudited accounts
for the year ended 31 March 2023
London Specialist Capital Limited
Unaudited accounts
Contents
London Specialist Capital Limited
Company Information
for the year ended 31 March 2023
Directors
Paul Ensor
Sook Hee Ensor
Company Number
06415765 (England and Wales)
Registered Office
804 Merlin Business Park
Ringtail Road
Burscough
Lancashire
L40 8JY
England
London Specialist Capital Limited
Statement of financial position
as at 31 March 2023
Tangible assets
1,767
2,356
Cash at bank and in hand
23,164
22,945
Creditors: amounts falling due within one year
(199,182)
(179,876)
Net current liabilities
(175,743)
(155,725)
Net liabilities
(173,976)
(153,369)
Called up share capital
2
2
Profit and loss account
(173,978)
(153,371)
Shareholders' funds
(173,976)
(153,369)
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 31 January 2023 and were signed on its behalf by
Paul Ensor
Director
Company Registration No. 06415765
London Specialist Capital Limited
Notes to the Accounts
for the year ended 31 March 2023
London Specialist Capital Limited is a private company, limited by shares, registered in England and Wales, registration number 06415765. The registered office is 804 Merlin Business Park, Ringtail Road, Burscough, Lancashire, L40 8JY, 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.
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:
Computer equipment
25% Reducing Balance Basis
4
Tangible fixed assets
Computer equipment
London Specialist Capital Limited
Notes to the Accounts
for the year ended 31 March 2023
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
4,936
4,936
Loans from directors
193,814
174,940
7
Average number of employees
During the year the average number of employees was 2 (2022: 2).