Company Registration No. 03868240 (England and Wales)
LECTER ASSOCIATES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 OCTOBER 2023
31 October 2023
PAGES FOR FILING WITH REGISTRAR
PM+M Solutions for Business LLP
Chartered Accountants
New Century House
Greenbank Technology Park
Challenge Way
Blackburn
Lancashire
BB1 5QB
LECTER ASSOCIATES LIMITED
COMPANY INFORMATION
Director
Mr G C Bartlett
Company number
03868240
Registered office
7 Merlin Centre
Gatehouse Close
Aylesbury
Buckinghamshire
HP19 8DP
Accountants
PM+M Solutions for Business LLP
New Century House
Greenbank Technology Park
Challenge Way
Blackburn
Lancashire
BB1 5QB
LECTER ASSOCIATES LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
LECTER ASSOCIATES LIMITED
BALANCE SHEET
AS AT
31 OCTOBER 2023
31 October 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
642
714
Current assets
Debtors
4
20,771
27,608
Cash at bank and in hand
270,249
365,202
291,020
392,810
Creditors: amounts falling due within one year
5
(5,014)
(1,100)
Net current assets
286,006
391,710
Net assets
286,648
392,424
Capital and reserves
Called up share capital
51
51
Other reserves
50
50
Profit and loss reserves
286,547
392,323
Total equity
286,648
392,424
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 27 July 2024
Mr G C Bartlett
Director
Company registration number 03868240 (England and Wales)
LECTER ASSOCIATES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023
- 2 -
1
Accounting policies
Company information
Lecter Associates Limited is a private company limited by shares incorporated in England and Wales. The registered office is 7 Merlin Centre, Gatehouse Close, Aylesbury, Buckinghamshire, HP19 8DP.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover is measure at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Fixtures and fittings
10% reducing balance
Computer equipment
33% straight line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.4
Retirement benefits
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
1
1
LECTER ASSOCIATES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2023
- 3 -
3
Tangible fixed assets
Fixtures and fittings
Computer equipment
Total
£
£
£
Cost
At 1 November 2022 and 31 October 2023
4,516
15,846
20,362
Depreciation and impairment
At 1 November 2022
3,802
15,846
19,648
Depreciation charged in the year
72
72
At 31 October 2023
3,874
15,846
19,720
Carrying amount
At 31 October 2023
642
642
At 31 October 2022
714
714
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Other debtors
20,771
27,608
5
Creditors: amounts falling due within one year
2023
2022
£
£
Taxation and social security
3,780
Other creditors
1,234
1,100
5,014
1,100