Lucanus Limited 06476801 false 2023-02-01 2024-01-31 2024-01-31 The principal activity of the company is is that of management consultancy. Digita Accounts Production Advanced 6.30.9574.0 true 06476801 2023-02-01 2024-01-31 06476801 2024-01-31 06476801 core:RetainedEarningsAccumulatedLosses 2024-01-31 06476801 core:ShareCapital 2024-01-31 06476801 core:CurrentFinancialInstruments 2024-01-31 06476801 core:CurrentFinancialInstruments core:WithinOneYear 2024-01-31 06476801 core:OfficeEquipment 2024-01-31 06476801 bus:SmallEntities 2023-02-01 2024-01-31 06476801 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 06476801 bus:FullAccounts 2023-02-01 2024-01-31 06476801 bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 06476801 bus:RegisteredOffice 2023-02-01 2024-01-31 06476801 bus:Director2 2023-02-01 2024-01-31 06476801 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 06476801 core:ComputerEquipment 2023-02-01 2024-01-31 06476801 core:OfficeEquipment 2023-02-01 2024-01-31 06476801 countries:EnglandWales 2023-02-01 2024-01-31 06476801 2023-01-31 06476801 core:OfficeEquipment 2023-01-31 06476801 2022-02-01 2023-01-31 06476801 2023-01-31 06476801 core:RetainedEarningsAccumulatedLosses 2023-01-31 06476801 core:ShareCapital 2023-01-31 06476801 core:CurrentFinancialInstruments 2023-01-31 06476801 core:CurrentFinancialInstruments core:WithinOneYear 2023-01-31 06476801 core:OfficeEquipment 2023-01-31 iso4217:GBP xbrli:pure

Registration number: 06476801

Lucanus Limited
 

Annual Report and Unaudited Financial Statements- Companies house filing

for the Year Ended 31 January 2024

 

Lucanus Limited

Contents

Statement of Financial Position

1

Notes to the Unaudited Financial Statements

2 to 4

 

Lucanus Limited

(Registration number: 06476801)
Statement of Financial Position as at 31 January 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

429

573

Current assets

 

Cash at bank and in hand

 

9,014

12,281

Creditors: Amounts falling due within one year

6

(16,753)

(16,060)

Net current liabilities

 

(7,739)

(3,779)

Total assets less current liabilities

 

(7,310)

(3,206)

Provisions for liabilities

(197)

(197)

Net liabilities

 

(7,507)

(3,403)

Capital and reserves

 

Called up share capital

10

10

Profit and loss account

(7,517)

(3,413)

Shareholders' deficit

 

(7,507)

(3,403)

For the financial year ending 31 January 2024 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 accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Income Statement has been taken.

Approved and authorised by the Board on 14 March 2024 and signed on its behalf by:
 

.........................................
Mr N H Pontin
Director

 

Lucanus Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is: Knoll House, Knoll Road, Camberley, Surrey, GU15 3SY, United Kingdom.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

Tax

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Lucanus Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

25% reducing balance

Trade debtors

Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents

Cash is represented by cash in hand and bank deposits.

Trade creditors

Short term creditors are measured at the transaction price.

Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

Employee benefits

Short-term employee benefits are recognised as an expense in the period which they are incurred.

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2023 - 1).

 

Lucanus Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

4

Tangible assets

Office equipment
£

Total
£

Cost or valuation

At 1 February 2023

1,588

1,588

At 31 January 2024

1,588

1,588

Depreciation

At 1 February 2023

1,015

1,015

Charge for the year

144

144

At 31 January 2024

1,159

1,159

Carrying amount

At 31 January 2024

429

429

At 31 January 2023

573

573

5

Debtors

2024
£

2023
£

-

-

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Taxation and social security

45

43

Accruals and deferred income

2,653

2,593

Other creditors

14,055

13,424

16,753

16,060

7

Going concern

The financial statements have been prepared on a going concern basis due to the continuing support of the director.