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REGISTERED NUMBER: 06592358 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

LICONIC UK LIMITED

LICONIC UK LIMITED (REGISTERED NUMBER: 06592358)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Balance Sheet 1

Notes to the Financial Statements 3


LICONIC UK LIMITED (REGISTERED NUMBER: 06592358)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 24,868 11,899

CURRENT ASSETS
Stocks 72,195 96,428
Debtors 5 308,152 289,282
Cash at bank 302,570 191,578
682,917 577,288
CREDITORS
Amounts falling due within one year 6 401,337 285,053
NET CURRENT ASSETS 281,580 292,235
TOTAL ASSETS LESS CURRENT
LIABILITIES

306,448

304,134

CREDITORS
Amounts falling due after more than one year 7 (14,777 ) (24,913 )

PROVISIONS FOR LIABILITIES - (1,814 )
NET ASSETS 291,671 277,407

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 291,668 277,404
SHAREHOLDERS' FUNDS 291,671 277,407

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.

LICONIC UK LIMITED (REGISTERED NUMBER: 06592358)

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 September 2024 and were signed on its behalf by:





J L Corps - Director


LICONIC UK LIMITED (REGISTERED NUMBER: 06592358)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Liconic UK Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 06592358

Registered office: Bio Hub
Alderley Park
Macclesfield
Cheshire
SK10 4TG

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 represents net invoiced sales of goods and 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.
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 6 (2022 - 6 ) .

LICONIC UK LIMITED (REGISTERED NUMBER: 06592358)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 January 2023 136,500 38,204 - 174,704
Additions - 1,081 24,992 26,073
Disposals - (17,151 ) - (17,151 )
At 31 December 2023 136,500 22,134 24,992 183,626
DEPRECIATION
At 1 January 2023 131,500 31,305 - 162,805
Charge for year 5,000 2,707 5,207 12,914
Eliminated on disposal - (16,961 ) - (16,961 )
At 31 December 2023 136,500 17,051 5,207 158,758
NET BOOK VALUE
At 31 December 2023 - 5,083 19,785 24,868
At 31 December 2022 5,000 6,899 - 11,899

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 135,375 148,105
Other debtors 172,777 141,177
308,152 289,282

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 39,129 1,609
Taxation and social security 39,648 43,555
Other creditors 322,560 239,889
401,337 285,053

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Other creditors 14,777 24,913

LICONIC UK LIMITED (REGISTERED NUMBER: 06592358)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


8. OFF-BALANCE SHEET ARRANGEMENTS

At 31 December 2023, the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £7,322 (2022 - £5,287).

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
J L Corps
Balance outstanding at start of year 89,359 126,039
Amounts advanced 27,446 -
Amounts repaid - (36,680 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 116,805 89,359

Interest on amounts advanced to directors is charged at the market rate.