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REGISTERED NUMBER: 08207000 (England and Wales)















Financial Statements for the Year Ended 31 December 2023

for

Lucas Claims Solutions Limited

Lucas Claims Solutions Limited (Registered number: 08207000)

Contents of the Financial Statements
for the Year Ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Lucas Claims Solutions Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: A W Walmsley
S R Charnock





SECRETARY: R P Mulholland





REGISTERED OFFICE: Solutions House
Fairways Office Park
Fulwood
Preston
Lancashire
PR2 9LF





REGISTERED NUMBER: 08207000 (England and Wales)





ACCOUNTANTS: Bennett Kirkhope Smith
Chartered Certified Accountants
Suites 5 & 6 The Printworks
Hey Road
Barrow
Clitheroe
Lancashire
BB7 9WB

Lucas Claims Solutions Limited (Registered number: 08207000)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 7,584 8,876
7,584 8,876

CURRENT ASSETS
Stocks 79,289 127,974
Debtors 6 800,229 952,664
Cash at bank 34,911 118,425
914,429 1,199,063
CREDITORS
Amounts falling due within one year 7 796,698 944,204
NET CURRENT ASSETS 117,731 254,859
TOTAL ASSETS LESS CURRENT
LIABILITIES

125,315

263,735

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 125,215 263,635
SHAREHOLDERS' FUNDS 125,315 263,735

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

Lucas Claims Solutions Limited (Registered number: 08207000)

Balance Sheet - continued
31 December 2023


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 12 September 2024 and were signed on its behalf by:





A W Walmsley - Director


Lucas Claims Solutions Limited (Registered number: 08207000)

Notes to the Financial Statements
for the Year Ended 31 December 2023


1. STATUTORY INFORMATION

Lucas Claims Solutions 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.

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.

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

Goodwill
Goodwill relating to the acquisition of a business in 2012 has been fully amortised.

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.
Computer equipment - 20% or 33% on cost
Fixtures & fittings - 20% or 33% on cost

Stocks
Work in progress is valued according to the expected turnover multiplied by the percentage completion at the year end.

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.


Lucas Claims Solutions Limited (Registered number: 08207000)

Notes to the Financial Statements - continued
for the Year Ended 31 December 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 64 (2022 - 35 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 2,328,317
AMORTISATION
At 1 January 2023
and 31 December 2023 2,328,317
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

Lucas Claims Solutions Limited (Registered number: 08207000)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


5. TANGIBLE FIXED ASSETS
Computer Fixtures
equipment & fittings Totals
£    £    £   
COST
At 1 January 2023 96,313 68,996 165,309
Additions 4,295 - 4,295
At 31 December 2023 100,608 68,996 169,604
DEPRECIATION
At 1 January 2023 87,437 68,996 156,433
Charge for year 5,587 - 5,587
At 31 December 2023 93,024 68,996 162,020
NET BOOK VALUE
At 31 December 2023 7,584 - 7,584
At 31 December 2022 8,876 - 8,876

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 46,830 199,302
Service Solutions Direct Ltd 726,830 718,151
Prepayments 26,569 35,211
800,229 952,664

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 31,681 45,529
Social security and other taxes 4,624 19,051
VAT 22,012 44,566
Other creditors 919 3,510
Concept Building Solutions UK
Limited

87,747

259,737
Surface Medic Limited 69,503 69,503
Service Solutions Assist Limited 109,720 66,267
Insurance Solutions Group Ltd 376,886 383,025
Service Solutions Direct
Inspections Ltd 47,913 10,000
Accrued expenses 45,693 43,016
796,698 944,204

Lucas Claims Solutions Limited (Registered number: 08207000)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.23 31.12.22
£    £   
Within one year - 71,002
Between one and five years - 8,267
- 79,269

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
100 Ordinary £1 100 100

10. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

11. ULTIMATE PARENT UNDERTAKING

The Company is 100% owned by its immediate parent Insurance Solutions Group Limited. The companies share a registered office. There is no ultimate controlling party.