IRIS Accounts Production v24.2.0.383 11274088 director 1.4.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh112740882023-03-31112740882024-03-31112740882023-04-012024-03-31112740882022-03-31112740882022-04-012023-03-31112740882023-03-3111274088ns15:EnglandWales2023-04-012024-03-3111274088ns14:PoundSterling2023-04-012024-03-3111274088ns10:Director12023-04-012024-03-3111274088ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3111274088ns10:SmallEntities2023-04-012024-03-3111274088ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3111274088ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3111274088ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3111274088ns10:FullAccounts2023-04-012024-03-3111274088ns10:RegisteredOffice2023-04-012024-03-3111274088ns5:CurrentFinancialInstruments2024-03-3111274088ns5:CurrentFinancialInstruments2023-03-3111274088ns5:ShareCapital2024-03-3111274088ns5:ShareCapital2023-03-3111274088ns5:RetainedEarningsAccumulatedLosses2024-03-3111274088ns5:RetainedEarningsAccumulatedLosses2023-03-3111274088ns5:PlantMachinery2023-04-012024-03-3111274088ns5:FurnitureFittings2023-04-012024-03-3111274088ns5:PlantMachinery2023-03-3111274088ns5:PlantMachinery2024-03-3111274088ns5:PlantMachinery2023-03-3111274088ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3111274088ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-31
REGISTERED NUMBER: 11274088 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024

FOR

L & C GROUP (SUSSEX) LIMITED

L & C GROUP (SUSSEX) LIMITED (REGISTERED NUMBER: 11274088)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


L & C GROUP (SUSSEX) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTOR: B A Riley





REGISTERED OFFICE: Parkers
Cornelius House
178-180 Church Road
Hove
East Sussex
BN3 2DJ





REGISTERED NUMBER: 11274088 (England and Wales)





ACCOUNTANTS: Parkers
Cornelius House
178-180 Church Road
Hove
East Sussex
BN3 2DJ

L & C GROUP (SUSSEX) LIMITED (REGISTERED NUMBER: 11274088)

BALANCE SHEET
31ST MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,051 4,023

CURRENT ASSETS
Stocks 342,895 324,753
Debtors 5 93,521 30,222
Cash at bank and in hand 161,780 121,927
598,196 476,902
CREDITORS
Amounts falling due within one year 6 239,528 182,085
NET CURRENT ASSETS 358,668 294,817
TOTAL ASSETS LESS CURRENT
LIABILITIES

363,719

298,840

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 363,718 298,839
363,719 298,840

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 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.

L & C GROUP (SUSSEX) LIMITED (REGISTERED NUMBER: 11274088)

BALANCE SHEET - continued
31ST MARCH 2024


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 2nd September 2024 and were signed by:





B A Riley - Director


L & C GROUP (SUSSEX) LIMITED (REGISTERED NUMBER: 11274088)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024

1. STATUTORY INFORMATION

L & C Group (Sussex) 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

L & C GROUP (SUSSEX) LIMITED (REGISTERED NUMBER: 11274088)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st April 2023 5,363
Additions 2,773
At 31st March 2024 8,136
DEPRECIATION
At 1st April 2023 1,340
Charge for year 1,745
At 31st March 2024 3,085
NET BOOK VALUE
At 31st March 2024 5,051
At 31st March 2023 4,023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 73,349 21,768
Other debtors 20,172 8,454
93,521 30,222

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 21,667 31,667
Trade creditors 36,574 14,836
Taxation and social security 67,780 24,364
Other creditors 113,507 111,218
239,528 182,085