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REGISTERED NUMBER: 07190251 (England and Wales)



















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Lithica Limited

Lithica Limited (Registered number: 07190251)

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


Lithica Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: R Thilagarajah
Ms R Collins





REGISTERED OFFICE: The Old Chapel
33 Church Street
Coggeshall
Essex
CO6 1TX





REGISTERED NUMBER: 07190251 (England and Wales)





ACCOUNTANTS: APT
44 The Pantiles
Tunbridge Wells
Kent
TN2 5TN

Lithica Limited (Registered number: 07190251)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 71,359 89,439
Investments 5 200 2,195,689
71,559 2,285,128

CURRENT ASSETS
Debtors 6 1,233,071 1,567,942
Cash at bank 96,052 26,807
1,329,123 1,594,749
CREDITORS
Amounts falling due within one year 7 (533,114 ) (529,277 )
NET CURRENT ASSETS 796,009 1,065,472
TOTAL ASSETS LESS CURRENT
LIABILITIES

867,568

3,350,600

CREDITORS
Amounts falling due after more than one year 8 (24,288 ) (51,908 )

PROVISIONS FOR LIABILITIES (6,985 ) (7,230 )
NET ASSETS 836,295 3,291,462

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 836,195 3,291,362
SHAREHOLDERS' FUNDS 836,295 3,291,462

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 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.

Lithica Limited (Registered number: 07190251)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 September 2024 and were signed on its behalf by:





R Thilagarajah - Director


Lithica Limited (Registered number: 07190251)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

Lithica 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.

The functional and presentational currency of the company is pounds sterling. Monetary amounts in these financial statements are rounded to the nearest £1, except where otherwise indicated.

Going concern
After reviewing the company's forecasts and projections, the members have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

Significant judgements and estimates
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Turnover
Turnover represents net invoiced sales of services, excluding Value Added Tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on cost and 15% on cost

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

Lithica Limited (Registered number: 07190251)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


2. ACCOUNTING POLICIES - continued

Investments
Investments are shown at fair value or where fair value cannot be readily ascertained at cost less impairment. Any aggregate or surplus arising from changes in fair value is recognised through profit and loss.

Financial instruments
Basic financial assets, including trade and other receivables and cash and bank balances are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost, using the effective interest rate method.

Basic financial liabilities including trade and other payables are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Lithica Limited (Registered number: 07190251)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


2. ACCOUNTING POLICIES - continued

Provision for liabilities
Provisions are recognised when the company has a present obligation (legal or constructive) as a result of a past event, it is probable that the company will be required to settle the obligation, and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation.

Where the effect of the time value of money is material, the amount expected to be required to settle the obligation is recognised at present value using a pre-tax discount rate. The unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Dividend
Dividends are recognised as liabilities once they are no longer at the discretion of the company.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 282,485
Additions 512
At 31 March 2024 282,997
DEPRECIATION
At 1 April 2023 193,046
Charge for year 18,592
At 31 March 2024 211,638
NET BOOK VALUE
At 31 March 2024 71,359
At 31 March 2023 89,439

Lithica Limited (Registered number: 07190251)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 123,360
DEPRECIATION
At 1 April 2023 33,924
Charge for year 18,504
At 31 March 2024 52,428
NET BOOK VALUE
At 31 March 2024 70,932
At 31 March 2023 89,436

5. FIXED ASSET INVESTMENTS

31.3.24 31.3.23
£    £   
Shares in group undertakings 200 200
Other investments not loans - 2,195,489
200 2,195,689

Additional information is as follows:
Shares in
group
undertakings
£   
COST
At 1 April 2023
and 31 March 2024 200
NET BOOK VALUE
At 31 March 2024 200
At 31 March 2023 200

Investments (neither listed nor unlisted) were as follows:
31.3.24 31.3.23

Lithica Limited (Registered number: 07190251)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


5. FIXED ASSET INVESTMENTS - continued
£    £   
Brought forward 2,195,489 1,778,781
Net movements (2,195,489 ) 416,708
- 2,195,489

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 32,629 45,953
Other debtors 1,200,442 1,521,989
1,233,071 1,567,942

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 10,183 9,105
Hire purchase contracts 12,935 12,935
Trade creditors 5,806 4,113
Taxation and social security 141,427 104,275
Other creditors 362,763 398,849
533,114 529,277

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 13,005 24,014
Hire purchase contracts 11,283 27,894
24,288 51,908

9. RELATED PARTY DISCLOSURES

As at 31 March 2024, £1,197,595 (2023: £1,519,868) was owed from a company controlled by key management personnel. The loan is interest free, repayable on demand and included in other creditors.

As at 31 March 2024, £nil (2023: £750) was owed to an entity controlled by key management personnel. The loan is interest free, repayable on demand and included in other creditors.

During the period under review, clinical services totalling £350,000 (2023: £385,000) were charged by a company controlled by key management personnel.

The controlling party is R Thilagarajah.