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REGISTERED NUMBER: 06317194 (England and Wales)















Unaudited Financial Statements

For The Year Ended 31 July 2023

for

LBCO LTD

LBCO LTD (REGISTERED NUMBER: 06317194)






Contents of the Financial Statements
For The Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


LBCO LTD

Company Information
For The Year Ended 31 July 2023







DIRECTOR: L G Lees-Buckley





REGISTERED OFFICE: 16 Northfields Prospect
Putney Bridge Road
London
SW18 1PE





REGISTERED NUMBER: 06317194 (England and Wales)





ACCOUNTANTS: LBCo Ltd
T/A Lees-Buckley & Co
16 Northfields Prospect
Putney Bridge Road
London
SW18 1PE

LBCO LTD (REGISTERED NUMBER: 06317194)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 122,000 152,500
Tangible assets 5 - -
122,000 152,500

CURRENT ASSETS
Work In Progress 55,298 55,298
Debtors 6 320,000 330,476
Cash at bank 35,403 21,328
410,701 407,102
CREDITORS
Amounts falling due within one year 7 170,210 193,111
NET CURRENT ASSETS 240,491 213,991
TOTAL ASSETS LESS CURRENT
LIABILITIES

362,491

366,491

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 362,490 366,490
SHAREHOLDERS' FUNDS 362,491 366,491

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 July 2024 and were signed by:




L G Lees-Buckley - Director


LBCO LTD (REGISTERED NUMBER: 06317194)

Notes to the Financial Statements
For The Year Ended 31 July 2023

1. STATUTORY INFORMATION

LBCO LTD 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.

Turnover
Turnover represents the invoiced value of services provided in the year excluding Value Added Tax

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of thirty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

Tangible fixed assets are stated at cost less depreciation.

Depreciation is provided at rates calculated to write off the cost of fixed assets, less estimated residual value, over their expected useful lives on the following basis;

Furniture and Equipment 15% straight line basis
Computer Equipment 25% straight line basis

Work in progress
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 work in progress to their present location and condition.

Work in Progress is valued at the lower of cost and net realisable value

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


LBCO LTD (REGISTERED NUMBER: 06317194)

Notes to the Financial Statements - continued
For The Year Ended 31 July 2023

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2022
and 31 July 2023 610,000
AMORTISATION
At 1 August 2022 457,500
Charge for year 30,500
At 31 July 2023 488,000
NET BOOK VALUE
At 31 July 2023 122,000
At 31 July 2022 152,500

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 August 2022
and 31 July 2023 6,470
DEPRECIATION
At 1 August 2022
and 31 July 2023 6,470
NET BOOK VALUE
At 31 July 2023 -
At 31 July 2022 -

LBCO LTD (REGISTERED NUMBER: 06317194)

Notes to the Financial Statements - continued
For The Year Ended 31 July 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 175,000 183,805
Other debtors 145,000 146,671
320,000 330,476

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Taxation and social security 140,000 162,647
Other creditors 30,210 30,464
170,210 193,111