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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
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
4,926 
5,984 
Current assets
Inventories
(60,000)
- 
Debtors
69,198 
178,620 
Cash at bank and in hand
545,083 
572,422 
554,281 
751,042 
Creditors: amounts falling due within one year
(119,558)
(202,492)
Net current assets
434,723 
548,550 
Net assets
439,649 
554,534 
Capital and reserves
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
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Lucid People (UK) Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 
£ 
Cost or valuation
At cost 
At 1 April 2022
29,357 
Additions
938 
At 31 March 2023
30,295 
Depreciation
At 1 April 2022
23,373 
Charge for the year
1,996 
At 31 March 2023
25,369 
Net book value
At 31 March 2023
4,926 
At 31 March 2022
5,984 
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Lucid People (UK) Limited Notes to the Accounts for the year ended 31 March 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
59,323 
178,620 
Accrued income and prepayments
9,875 
- 
69,198 
178,620 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
13,968 
- 
Trade creditors
30 
7,898 
Taxes and social security
1,385 
59,767 
Other creditors
1,904 
1,906 
Loans from directors
562 
577 
Accruals
101,709 
132,344 
119,558 
202,492 
7
Average number of employees
During the year the average number of employees was 4 (2022: 5).
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