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REGISTERED NUMBER: 06251949 (England and Wales)












Unaudited Financial Statements

for the Year Ended 29 February 2024

for

Lucas Communications Limited

Lucas Communications Limited (Registered number: 06251949)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Lucas Communications Limited

Company Information
for the Year Ended 29 February 2024







DIRECTORS: L Entwistle
G S Mercer





SECRETARY: L Entwistle





REGISTERED OFFICE: St Johns Court
Bacup Road
Rossendale
Lancashire
BB4 7PA





REGISTERED NUMBER: 06251949 (England and Wales)





ACCOUNTANTS: Egan Roberts Limited
Accountants
Citygate
Longridge Road
Preston
Lancashire
PR2 5BQ

Lucas Communications Limited (Registered number: 06251949)

Balance Sheet
29 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 83,391 57,083

CURRENT ASSETS
Stocks 11,543 21,349
Debtors 5 68,341 66,489
Cash at bank and in hand 37,798 54,969
117,682 142,807
CREDITORS
Amounts falling due within one year 6 57,038 62,660
NET CURRENT ASSETS 60,644 80,147
TOTAL ASSETS LESS CURRENT
LIABILITIES

144,035

137,230

CREDITORS
Amounts falling due after more than
one year

7

(43,242

)

(27,500

)

PROVISIONS FOR LIABILITIES (11,831 ) (9,873 )
NET ASSETS 88,962 99,857

CAPITAL AND RESERVES
Called up share capital 75 75
Capital redemption reserve 25 25
Retained earnings 88,862 99,757
SHAREHOLDERS' FUNDS 88,962 99,857

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

Lucas Communications Limited (Registered number: 06251949)

Balance Sheet - continued
29 February 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 19 September 2024 and were signed on its behalf by:





L Entwistle - Director


Lucas Communications Limited (Registered number: 06251949)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Lucas Communications 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.
Fixtures and fittings - 33% on cost
Motor vehicles - 25% on reducing balance
Cabling equipment - 20% on cost

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.

Lucas Communications Limited (Registered number: 06251949)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

2. ACCOUNTING POLICIES - continued

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.

Short term debtors and creditors
Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Cabling
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 March 2023 13,092 94,636 60,736 168,464
Additions 1,816 48,556 2,042 52,414
Disposals (7,882 ) - (1,825 ) (9,707 )
At 29 February 2024 7,026 143,192 60,953 211,171
DEPRECIATION
At 1 March 2023 11,286 44,650 55,445 111,381
Charge for year 799 19,965 4,350 25,114
Eliminated on disposal (6,890 ) - (1,825 ) (8,715 )
At 29 February 2024 5,195 64,615 57,970 127,780
NET BOOK VALUE
At 29 February 2024 1,831 78,577 2,983 83,391
At 28 February 2023 1,806 49,986 5,291 57,083

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 60,956 58,619
Other debtors 150 -
Prepayments 7,235 7,870
68,341 66,489

Lucas Communications Limited (Registered number: 06251949)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 6,467 -
Trade creditors 10,493 15,680
Tax - 5,948
Social security and other taxes 2,616 2,105
VAT 7,935 6,510
Other creditors 5,516 4,912
Accrued expenses 14,011 17,505
57,038 62,660

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 7,500 17,500
Hire purchase contracts 25,742 -
43,242 27,500