Lottery Services Limited 04827672 false 2022-07-31 2023-07-30 2023-07-30 The principal activity of the company is marketing and lottery sales. Digita Accounts Production Advanced 6.30.9574.0 true false false true false false false false false false false 2024-07-31 2024-07-31 2024-07-31 2024-07-31 2024-07-31 2024-07-31 2024-07-31 04827672 2022-07-31 2023-07-30 04827672 2023-07-30 04827672 core:RetainedEarningsAccumulatedLosses 2023-07-30 04827672 core:ShareCapital 2023-07-30 04827672 core:CurrentFinancialInstruments core:WithinOneYear 2023-07-30 04827672 core:AllSubsidiaries 2023-07-30 04827672 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2023-07-30 04827672 core:Subsidiary1 2023-07-30 04827672 core:Subsidiary2 2023-07-30 04827672 core:Subsidiary3 2023-07-30 04827672 core:Subsidiary4 2023-07-30 04827672 core:Subsidiary5 2023-07-30 04827672 core:Subsidiary6 2023-07-30 04827672 core:Subsidiary7 2023-07-30 04827672 bus:SmallEntities 2022-07-31 2023-07-30 04827672 bus:AuditExemptWithAccountantsReport 2022-07-31 2023-07-30 04827672 bus:FullAccounts 2022-07-31 2023-07-30 04827672 bus:SmallCompaniesRegimeForAccounts 2022-07-31 2023-07-30 04827672 bus:RegisteredOffice 2022-07-31 2023-07-30 04827672 bus:Director2 2022-07-31 2023-07-30 04827672 bus:PrivateLimitedCompanyLtd 2022-07-31 2023-07-30 04827672 core:AllSubsidiaries 2022-07-31 2023-07-30 04827672 core:AllSubsidiaries core:TransfersResearchDevelopment 2022-07-31 2023-07-30 04827672 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2022-07-31 2023-07-30 04827672 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity core:TransfersResearchDevelopment 2022-07-31 2023-07-30 04827672 core:Subsidiary1 2022-07-31 2023-07-30 04827672 core:Subsidiary1 1 2022-07-31 2023-07-30 04827672 core:Subsidiary1 countries:England 2022-07-31 2023-07-30 04827672 core:Subsidiary2 2022-07-31 2023-07-30 04827672 core:Subsidiary2 1 2022-07-31 2023-07-30 04827672 core:Subsidiary2 countries:England 2022-07-31 2023-07-30 04827672 core:Subsidiary3 2022-07-31 2023-07-30 04827672 core:Subsidiary3 1 2022-07-31 2023-07-30 04827672 core:Subsidiary3 countries:England 2022-07-31 2023-07-30 04827672 core:Subsidiary4 2022-07-31 2023-07-30 04827672 core:Subsidiary4 1 2022-07-31 2023-07-30 04827672 core:Subsidiary4 countries:England 2022-07-31 2023-07-30 04827672 core:Subsidiary5 2022-07-31 2023-07-30 04827672 core:Subsidiary5 1 2022-07-31 2023-07-30 04827672 core:Subsidiary5 countries:England 2022-07-31 2023-07-30 04827672 core:Subsidiary6 2022-07-31 2023-07-30 04827672 core:Subsidiary6 1 2022-07-31 2023-07-30 04827672 core:Subsidiary6 countries:England 2022-07-31 2023-07-30 04827672 core:Subsidiary7 2022-07-31 2023-07-30 04827672 core:Subsidiary7 1 2022-07-31 2023-07-30 04827672 core:Subsidiary7 countries:England 2022-07-31 2023-07-30 04827672 1 2022-07-31 2023-07-30 04827672 countries:England 2022-07-31 2023-07-30 04827672 2022-07-30 04827672 core:AllSubsidiaries 2022-07-30 04827672 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2022-07-30 04827672 2021-07-31 2022-07-30 04827672 2022-07-30 04827672 core:CurrentFinancialInstruments core:WithinOneYear 2022-07-30 04827672 core:AllSubsidiaries 2022-07-30 04827672 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2022-07-30 04827672 core:AllSubsidiaries 2021-07-31 2022-07-30 04827672 core:AllSubsidiaries core:TransfersResearchDevelopment 2021-07-31 2022-07-30 04827672 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2021-07-31 2022-07-30 04827672 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity core:TransfersResearchDevelopment 2021-07-31 2022-07-30 04827672 core:Subsidiary1 1 2021-07-31 2022-07-30 04827672 core:Subsidiary2 1 2021-07-31 2022-07-30 04827672 core:Subsidiary3 1 2021-07-31 2022-07-30 04827672 core:Subsidiary4 1 2021-07-31 2022-07-30 04827672 core:Subsidiary5 1 2021-07-31 2022-07-30 04827672 core:Subsidiary6 1 2021-07-31 2022-07-30 04827672 core:Subsidiary7 1 2021-07-31 2022-07-30 04827672 2021-07-30 04827672 core:AllSubsidiaries 2021-07-30 04827672 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2021-07-30 iso4217:GBP xbrli:pure

Registration number: 04827672

Lottery Services Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 July 2023

 

Lottery Services Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 8

 

Lottery Services Limited

(Registration number: 04827672)
Balance Sheet as at 30 July 2023

Note

2023
£

2022
£

Fixed assets

 

Investments

4

7

7

Current assets

 

Debtors

5

80,253

143,408

Cash at bank and in hand

 

48,115

18,944

 

128,368

162,352

Creditors: Amounts falling due within one year

6

(296,980)

(306,898)

Net current liabilities

 

(168,612)

(144,546)

Net liabilities

 

(168,605)

(144,539)

Capital and reserves

 

Called up share capital

2

2

Profit and loss account

(168,607)

(144,541)

Total equity

 

(168,605)

(144,539)

For the financial year ending 30 July 2023 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 special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 4 April 2024 and signed on its behalf by:
 

.........................................
N M Palich
Director

 

Lottery Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 July 2023

1

General information

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

The address of its registered office is:
Ribble Court
Mead Way
Padiham
Burnley
Lancashire
BB12 7NG

These financial statements were authorised for issue by the Board on 4 April 2024.

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.

Going concern

The company relies on the continuing financial support of the parent company.

The directors of the parent company have indicated that this support will continue.

On this basis, the directors consider it appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustments that would result from a withdrawal of the parent company's financial support.

Revenue recognition

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

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Lottery Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 July 2023

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Lottery Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 July 2023

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2022 - 3).

4

Investments

2023
£

2022
£

Investments in subsidiaries

7

7

Subsidiaries

£

Fair value

At 31 July 2022

7

At 30 July 2023

7

Details of undertakings

Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

     

2023

2022

Subsidiary undertakings

LSL (SM1) Ltd

England

Ordinary

100%

100%

LSL (SM2) Ltd

England

Ordinary

100%

100%

LSL (SM3) Ltd

England

Ordinary

100%

100%

LSL (SM4) Ltd

England

Ordinary

100%

100%

LSL (SM5) Ltd

England

Ordinary

100%

100%

FG Technologies Ltd

England

Ordinary

100%

100%

TGS Consultants Ltd

England

Ordinary

100%

100%

 

Lottery Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 July 2023

Subsidiary undertakings

LSL (SM1) Ltd

The principal activity of LSL (SM1) Ltd is marketing and lottery sales. Its financial period end is 31 July. The loss for the financial period of LSL (SM1) Ltd was £2,481 and the aggregate amount of Capital and reserves at the end of the period was £418.

LSL (SM2) Ltd

The principal activity of LSL (SM2) Ltd is marketing and lottery sales. Its financial period end is 31 July. The loss for the financial period of LSL (SM2) Ltd was £4,155 and the aggregate amount of Capital and reserves at the end of the period was £15,094.

LSL (SM3) Ltd

The principal activity of LSL (SM3) Ltd is marketing and lottery sales. Its financial period end is 31 July. The loss for the financial period of LSL (SM3) Ltd was £2,066 and the aggregate amount of Capital and reserves at the end of the period was £(645).

LSL (SM4) Ltd

The principal activity of LSL (SM4) Ltd is marketing and lottery sales. Its financial period end is 31 July. The loss for the financial period of LSL (SM4) Ltd was £75 and the aggregate amount of Capital and reserves at the end of the period was £(2,242).

LSL (SM5) Ltd

The principal activity of LSL (SM5) Ltd is marketing and lottery sales. Its financial period end is 31 July. The loss for the financial period of LSL (SM5) Ltd was £1,179 and the aggregate amount of Capital and reserves at the end of the period was £1,909.

FG Technologies Ltd

The principal activity of FG Technologies Ltd is marketing and lottery sales. Its financial period end is 31 July. The loss for the financial period of FG Technologies Ltd was £1,535 and the aggregate amount of Capital and reserves at the end of the period was £(240).

TGS Consultants Ltd

The principal activity of TGS Consultants Ltd is marketing and lottery sales. Its financial period end is 31 July. The loss for the financial period of TGS Consultants Ltd was £6,104 and the aggregate amount of Capital and reserves at the end of the period was £(622).

 

Lottery Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 July 2023

5

Debtors

Note

2023
£

2022
£

Trade debtors

 

504

38,050

Amounts owed by related parties

8

79,445

105,000

Other debtors

 

96

55

Prepayments

 

208

303

 

80,253

143,408

6

Creditors

2023
£

2022
£

Due within one year

Trade creditors

400

2,283

Taxation and social security

426

665

Accruals and deferred income

161,154

118,950

Other creditors

135,000

185,000

296,980

306,898

7

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary of £1 each

2

2

2

2

         
 

Lottery Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 July 2023

8

Related party transactions

Summary of transactions with entities with joint control or significant interest

Total Gaming Solutions Limited
Burnley Football Club
Barry Kilby Prostate Cancer Appeal
Barry Kilby Pension Fund
Dancehome Limited

 

Summary of transactions with subsidiaries

LSL (SM1) Ltd
LSL (SM2) Ltd
LSL (SM3) Ltd
LSL (SM4) Ltd
LSL (SM5) Ltd
TGS Consultants Ltd
FG Technologies Ltd

 

Income and receivables from related parties

2023

Entities with joint control or significant influence
£

Subsidiary
£

Advertising and marketing fees

3,220

65,374

2022

Entities with joint control or significant influence
£

Subsidiary
£

Advertising and marketing fees

8,162

53,560

Amounts receivable from related party

524

35,330

 

Lottery Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 July 2023

Loans to related parties

2023

Subsidiary
£

At start of period

105,000

Repaid

(25,555)

At end of period

79,445

2022

Subsidiary
£

At start of period

93,000

Net movement in the period

12,000

At end of period

105,000

Loans from related parties

2023

Entities with joint control or significant influence
£

Total
£

At start of period

185,000

185,000

Repaid

(50,000)

(50,000)

At end of period

135,000

135,000

2022

Entities with joint control or significant influence
£

Total
£

At start of period

200,000

200,000

Repaid

(15,000)

(15,000)

At end of period

185,000

185,000

9

Control

The ultimate controlling party is director, B C Kilby who owns 100% of the ordinary share capital of Total Gaming Solutions Limited.