for the Period Ended 31 March 2024
Balance sheet | |
Additional notes | |
Balance sheet notes |
As at
Notes | 2024 | 2023 | |
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£ |
£ |
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Called up share capital not paid: |
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Fixed assets | |||
Intangible assets: | 3 |
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Tangible assets: | 4 |
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Investments: | 5 |
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Total fixed assets: |
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Current assets | |||
Stocks: |
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Debtors: | 6 |
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Cash at bank and in hand: |
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Investments: | 7 |
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Total current assets: |
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Prepayments and accrued income: |
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Creditors: amounts falling due within one year: | 8 |
(
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(
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Net current assets (liabilities): |
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Total assets less current liabilities: |
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Creditors: amounts falling due after more than one year: |
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Provision for liabilities: |
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Accruals and deferred income: |
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Total net assets (liabilities): |
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Capital and reserves | |||
Called up share capital: |
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Share premium account: |
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Other reserves: |
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Profit and loss account: |
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Total Shareholders' funds: |
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The notes form part of these financial statements
The directors have chosen not to file a copy of the company's profit and loss account.
This report was approved by the board of directors on
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 31 March 2024
Basis of measurement and preparation
Turnover policy
Tangible fixed assets depreciation policy
Intangible fixed assets amortisation policy
Other accounting policies
for the Period Ended 31 March 2024
2024 | 2023 | |
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Average number of employees during the period |
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for the Period Ended 31 March 2024
Goodwill | Other | Total | |
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Cost | £ | £ | £ |
At 1 April 2023 |
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Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 31 March 2024 |
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Amortisation | |||
At 1 April 2023 |
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Charge for year |
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On disposals |
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Other adjustments |
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At 31 March 2024 |
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Net book value | |||
At 31 March 2024 |
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At 31 March 2023 |
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for the Period Ended 31 March 2024
Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total | |
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Cost | £ | £ | £ | £ | £ | £ |
At 1 April 2023 |
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Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 31 March 2024 |
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Depreciation | ||||||
At 1 April 2023 |
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Charge for year |
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On disposals |
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Other adjustments |
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At 31 March 2024 |
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Net book value | ||||||
At 31 March 2024 |
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At 31 March 2023 |
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for the Period Ended 31 March 2024
On May 21, 2021 the Company established a subsidiary Lightyear Europe AS with the intention of expanding its service offering to customers in the European Economic Area. The investment is carried at cost. On September 21, 2022 the Company established a subsidiary Lightyear U.K. LTD with the intention of deepening its service offering in the United Kingdom. The investment is carried at cost.
for the Period Ended 31 March 2024
2024 | 2023 | |
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£ | £ | |
Trade debtors |
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Prepayments and accrued income |
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Other debtors |
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Total |
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Debtors due after more than one year: |
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for the Period Ended 31 March 2024
The company holds its excess cash in short-term bond funds which are treated as other financial instruments under FRS 102 and are initially recognised at fair value, which is the transaction price. Other financial instruments are subsequently measured at fair value with any changes in the fair value recorded in the profit and loss account.
for the Period Ended 31 March 2024
2024 | 2023 | |
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£ | £ | |
Bank loans and overdrafts |
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Amounts due under finance leases and hire purchase contracts |
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Trade creditors |
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Taxation and social security |
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Accruals and deferred income |
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Other creditors |
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Total |
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