1 April 2023 false No description of principal activity Taxfiler 2024.5 05717682business:PrivateLimitedCompanyLtd2023-04-012024-03-31 057176822023-03-31 057176822023-04-012024-03-31 05717682business:AuditExempt-NoAccountantsReport2023-04-012024-03-31 05717682business:FilletedAccounts2023-04-012024-03-31 057176822024-03-31 057176822023-03-31 05717682core:WithinOneYear2024-03-31 05717682core:WithinOneYear2023-03-31 05717682core:ShareCapitalcore:PreviouslyStatedAmount2024-03-31 05717682core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 05717682core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-03-31 05717682core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 05717682core:PreviouslyStatedAmount2024-03-31 05717682core:PreviouslyStatedAmount2023-03-31 05717682business:SmallEntities2023-04-012024-03-31 05717682business:Director12023-04-012024-03-31 05717682countries:EnglandWales2023-04-012024-03-31 05717682business:RegisteredOffice2023-04-012024-03-31 05717682core:PlantMachinery2023-04-012024-03-31 05717682core:PlantMachinery2023-03-31 05717682core:PlantMachinery2024-03-31 057176822022-04-012023-03-31 iso4217:GBP xbrli:pure
Company Registration No. 05717682 (England and Wales)
Lucid People (UK) Limited Unaudited accounts for the year ended 31 March 2024
Lucid People (UK) Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,025 
4,926 
Current assets
Inventories
(53,000)
(60,000)
Debtors
212,633 
69,198 
Cash at bank and in hand
408,744 
545,083 
568,377 
554,281 
Creditors: amounts falling due within one year
(156,082)
(119,558)
Net current assets
412,295 
434,723 
Net assets
415,320 
439,649 
Capital and reserves
Called up share capital
150 
150 
Profit and loss account
415,170 
439,499 
Shareholders' funds
415,320 
439,649 
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 3 July 2024 and were signed on its behalf by
Madeleine Morton Director Company Registration No. 05717682
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Lucid People (UK) Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Lucid People (UK) Limited is a private company, limited by shares, registered in England and Wales, registration number 05717682. The registered office is 16 MONTPELIER STREET, BRIGHTON, BN1 3DJ, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
33% reducing balance
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 April 2023
30,295 
Additions
1,759 
Disposals
(19,789)
At 31 March 2024
12,265 
Depreciation
At 1 April 2023
25,369 
Charge for the year
1,437 
On disposals
(17,566)
At 31 March 2024
9,240 
Net book value
At 31 March 2024
3,025 
At 31 March 2023
4,926 
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Lucid People (UK) Limited Notes to the Accounts for the year ended 31 March 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
212,633 
59,323 
Accrued income and prepayments
- 
9,875 
212,633 
69,198 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
23,377 
13,968 
Trade creditors
11,306 
30 
Taxes and social security
19,792 
1,385 
Other creditors
4,251 
1,904 
Loans from directors
562 
562 
Accruals
96,794 
101,709 
156,082 
119,558 
7
Average number of employees
During the year the average number of employees was 4 (2023: 4).
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