IRIS Accounts Production v24.2.0.383 07874145 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh078741452023-03-31078741452024-03-31078741452023-04-012024-03-31078741452022-03-31078741452022-04-012023-03-31078741452023-03-3107874145ns15:EnglandWales2023-04-012024-03-3107874145ns14:PoundSterling2023-04-012024-03-3107874145ns10:Director12023-04-012024-03-3107874145ns10:CompanyLimitedByGuarantee2023-04-012024-03-3107874145ns10:SmallEntities2023-04-012024-03-3107874145ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3107874145ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3107874145ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3107874145ns10:FullAccounts2023-04-012024-03-3107874145ns10:Director22023-04-012024-03-3107874145ns10:Director32023-04-012024-03-3107874145ns10:Director42023-04-012024-03-3107874145ns10:Director52023-04-012024-03-3107874145ns10:Director62023-04-012024-03-3107874145ns10:RegisteredOffice2023-04-012024-03-3107874145ns5:CurrentFinancialInstruments2024-03-3107874145ns5:CurrentFinancialInstruments2023-03-3107874145ns5:RevaluationReserve2024-03-3107874145ns5:RevaluationReserve2023-03-3107874145ns5:RetainedEarningsAccumulatedLosses2024-03-3107874145ns5:RetainedEarningsAccumulatedLosses2023-03-3107874145ns5:PlantMachinery2023-04-012024-03-3107874145ns5:PlantMachinery2023-03-3107874145ns5:PlantMachinery2024-03-3107874145ns5:CostValuation2023-03-3107874145ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3107874145ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3107874145ns5:DeferredTaxation2023-03-3107874145ns5:DeferredTaxation2023-04-012024-03-3107874145ns5:DeferredTaxation2024-03-3107874145ns5:RevaluationReserve2023-03-31
REGISTERED NUMBER: 07874145 (England and Wales)















LOCAL SERVICES 2 YOU LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024






LOCAL SERVICES 2 YOU LIMITED (REGISTERED NUMBER: 07874145)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LOCAL SERVICES 2 YOU LIMITED

COMPANY INFORMATION
for the year ended 31 March 2024







DIRECTORS: Mrs C G D Ward
Mr E J Croston
Mrs A Pinnock
Mr A Hood
Mrs N E Pinnock-Hamilton
Mr S D Yorke





REGISTERED OFFICE: The Chestnut Centre
2a Chestnut Street
Huddersfield
West Yorkshire
HD2 1HJ





REGISTERED NUMBER: 07874145 (England and Wales)





ACCOUNTANTS: SMH Sheards
Chartered Accountants
Vernon House
40 New North Road
Huddersfield
West Yorkshire
HD1 5LS

LOCAL SERVICES 2 YOU LIMITED (REGISTERED NUMBER: 07874145)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 449 -
Investments 5 2 2
Investment property 6 325,000 325,000
325,451 325,002

CURRENT ASSETS
Debtors 7 178,425 57,596
Cash at bank and in hand 24,943 15,948
203,368 73,544
CREDITORS
Amounts falling due within one year 8 (162,581 ) (33,548 )
NET CURRENT ASSETS 40,787 39,996
TOTAL ASSETS LESS CURRENT
LIABILITIES

366,238

364,998

PROVISIONS FOR LIABILITIES 9 (81,250 ) (61,750 )
NET ASSETS 284,988 303,248

RESERVES
Non distributable reserve 10 243,750 263,250
Income and expenditure account 41,238 39,998
284,988 303,248

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 surplus or deficit 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.

LOCAL SERVICES 2 YOU LIMITED (REGISTERED NUMBER: 07874145)

BALANCE SHEET - continued
31 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 Board of Directors and authorised for issue on 5 September 2024 and were signed on its behalf by:





Mr E J Croston - Director


LOCAL SERVICES 2 YOU LIMITED (REGISTERED NUMBER: 07874145)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2024


1. STATUTORY INFORMATION

Local Services 2 You Limited is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

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

Grant income represents amounts received, less amounts received for future periods, which are carried forward to future periods as deferred income. Grants received for the purchase of fixed assets are treated as deferred income and amortised to the profit and loss account in accordance with the depreciation policy for those assets.

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 etc - 25% on cost and Straight line over 3 years

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in surplus or deficit.

Financial instruments
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include trader debtors, amounts owed by group undertakings and cash and bank balances, are initially measured at transaction price including transaction costs.

Financial assets, are assessed for indicators of impairment at each balance sheet date, with any impairment losses being recognised in profit or loss. If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed in profit or loss.

Financial liabilities are classified depending on the substance of the contractual arrangements entered into.

Basic financial liabilities, including trade and other creditors, accruals and amounts owed to group undertakings, are initially recognised at transaction price.

Financial assets and liabilities are derecognised when the company's contractual obligations are settled, cancelled or they expire.


LOCAL SERVICES 2 YOU LIMITED (REGISTERED NUMBER: 07874145)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024


2. ACCOUNTING POLICIES - continued
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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 9 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 13,105
Additions 599
At 31 March 2024 13,704
DEPRECIATION
At 1 April 2023 13,105
Charge for year 150
At 31 March 2024 13,255
NET BOOK VALUE
At 31 March 2024 449

LOCAL SERVICES 2 YOU LIMITED (REGISTERED NUMBER: 07874145)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024


5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2023
and 31 March 2024 2
NET BOOK VALUE
At 31 March 2024 2
At 31 March 2023 2

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 325,000
NET BOOK VALUE
At 31 March 2024 325,000
At 31 March 2023 325,000

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2024 325,000

Investment properties were valued on an open market basis on 31 March 2024 by the directors .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 89,921 279
Amounts owed by group undertakings 87,397 54,993
Other debtors 1,107 2,324
178,425 57,596

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 3,643 7,125
Taxation and social security 3,201 1,835
Other creditors 155,737 24,588
162,581 33,548

LOCAL SERVICES 2 YOU LIMITED (REGISTERED NUMBER: 07874145)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024


9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 81,250 61,750

Deferred
tax
£   
Balance at 1 April 2023 61,750
Charge to Income Statement during year 19,500
Balance at 31 March 2024 81,250

10. RESERVES
Non
distributable
reserve
£   
At 1 April 2023 263,250
Investment property (19,500 )

At 31 March 2024 243,750

11. ULTIMATE CONTROLLING PARTY

The company is controlled by the Board of directors.

12. LIMITED BY GUARANTEE

Local Services 2 You Limited is a company limited by guarantee and accordingly does not have share capital.

The liability of each member is limited to £1, being the amount that each member undertakes to contribute to the assets of the company in the event of its being wound up while they are a member, or within one year after they cease to be a member for:

a) payment of the company's debts and liabilities contracted before they cease to be a member
b) payment of the costs, charges and expenses of winding up, and
c) adjustment of the rights of the contributories among themselves