2023-09-222024-03-312024-03-31false15155697LKS FOCUS 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LKS FOCUS LTD

Registered Number
15155697
(England and Wales)

Unaudited Financial Statements for the Period ended
31 March 2024

LKS FOCUS LTD
Company Information
for the period from 22 September 2023 to 31 March 2024

Director

KILSBY-STEELE, Liam Joel

Registered Address

2 Hall Place Cottages Clay Hill
Beenham
Reading
RG7 5PL

Registered Number

15155697 (England and Wales)
LKS FOCUS LTD
Balance Sheet as at
31 March 2024

Notes

2024

£

£

Fixed assets
Tangible assets42,778
2,778
Current assets
Debtors825
Cash at bank and on hand301
1,126
Creditors amounts falling due within one year5(2,473)
Net current assets (liabilities)(1,347)
Total assets less current liabilities1,431
Provisions for liabilities6(528)
Net assets903
Capital and reserves
Called up share capital100
Profit and loss account803
Shareholders' funds903
The financial statements were approved and authorised for issue by the Director on 12 September 2024, and are signed on its behalf by:
KILSBY-STEELE, Liam Joel
Director
Registered Company No. 15155697
LKS FOCUS LTD
Notes to the Financial Statements
for the period ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Revenue from rendering of services
Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:
2.Average number of employees

2024
Average number of employees during the year1
3.Deferred tax
Increases in the UK Corporation tax rate from 19% to 25% (19% effective from 1 April 2017, and 25% effective from 1 April 2023) have been substantively enacted. This will impact the company's future tax charge accordingly. The value of the deferred tax assets at the balance sheet date has been calculated using the applicable rate when the asset is expected to be realised.
4.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
Additions2,8992,899
At 31 March 242,8992,899
Depreciation and impairment
Charge for year121121
At 31 March 24121121
Net book value
At 31 March 242,7782,778
At 21 September 23--
5.Creditors: amounts due within one year

2024

£
Trade creditors / trade payables180
Bank borrowings and overdrafts242
Taxation and social security952
Accrued liabilities and deferred income1,099
Total2,473
6.Provisions for liabilities

2024

£
Net deferred tax liability (asset)528
Total528
7.Related party transactions
During the year the director made a loan with the company. At the balance sheet date, the amount owed to the director is £242.