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REGISTERED NUMBER: 10501050 (England and Wales)




















Unaudited Financial Statements

for the Year Ended 30 November 2023

for

Lexicus Developments Limited

Lexicus Developments Limited (Registered number: 10501050)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Lexicus Developments Limited

Company Information
for the Year Ended 30 November 2023







DIRECTORS: Dr S Arber
Mr I Blakeley





REGISTERED OFFICE: 63 Broad Green
Wellingborough
Northamptonshire
NN8 4LQ





REGISTERED NUMBER: 10501050 (England and Wales)





ACCOUNTANTS: Clifford Roberts
63 Broad Green
Wellingborough
Northamptonshire
NN8 4LQ

Lexicus Developments Limited (Registered number: 10501050)

Balance Sheet
30 November 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 13,712 22,317

CURRENT ASSETS
Stocks 1,531,204 1,380,973
Debtors 5 28,388 19,787
Cash at bank 22,422 34,838
1,582,014 1,435,598
CREDITORS
Amounts falling due within one year 6 82,039 66,977
NET CURRENT ASSETS 1,499,975 1,368,621
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,513,687

1,390,938

CREDITORS
Amounts falling due after more than one
year

7

(1,395,057

)

(1,307,733

)

PROVISIONS FOR LIABILITIES (3,428 ) (5,579 )
NET ASSETS 115,202 77,626

CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Retained earnings 114,202 76,626
SHAREHOLDERS' FUNDS 115,202 77,626

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Lexicus Developments Limited (Registered number: 10501050)

Balance Sheet - continued
30 November 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 April 2024 and were signed on its behalf by:




Dr S Arber - Director



Mr I Blakeley - Director


Lexicus Developments Limited (Registered number: 10501050)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Lexicus Developments 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.

The financial statements have been prepared on the going concern basis, assuming the continued support of the company's directors.The company has adopted the Triennial Review 2017 amendments in respect of Loans from Directors which are recognised at transaction price .

Revenue
Turnover represents net invoices sale of goods and services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

3. EMPLOYEES AND DIRECTORS

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

Lexicus Developments Limited (Registered number: 10501050)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 December 2022 45,427
Additions 600
At 30 November 2023 46,027
DEPRECIATION
At 1 December 2022 23,110
Charge for year 9,205
At 30 November 2023 32,315
NET BOOK VALUE
At 30 November 2023 13,712
At 30 November 2022 22,317

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Other debtors 28,388 19,787

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade creditors 8,019 15,065
Taxation and social security 62,321 41,268
Other creditors 11,699 10,644
82,039 66,977

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£ £
Other creditors 1,395,057 1,307,733

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
998 Ordinary £1 998 998
1 A Ordinary £1 1 1
1 B Ordinary £1 1 1
1,000 1,000

Lexicus Developments Limited (Registered number: 10501050)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

9. RELATED PARTY DISCLOSURES

During the year a director advanced loans to the company of £825,000 (2022 : £730,000) . The balance outstanding at the year end was £1,395,057 including interest charged (2022 : £1,307,733).