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REGISTERED NUMBER: 03509671 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 January 2024

for

Lucas Publications Limited

Lucas Publications Limited (Registered number: 03509671)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Lucas Publications Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: Lord R M Lucas
Miss L Lafferty
The Hon H R E Palmer





REGISTERED OFFICE: The Old Stables
Sutton Manor Farm
Bishop's Sutton
Alresford
Hampshire
SO24 0AA





REGISTERED NUMBER: 03509671 (England and Wales)





ACCOUNTANTS: Butler & Co Alresford Limited
Chartered Accountants
The Old Stables
Sutton Manor Farm
Bishop's Sutton
Alresford
Hampshire
SO24 0AA

Lucas Publications Limited (Registered number: 03509671)

Balance Sheet
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 32,965 32,056
Investments 5 - -
32,965 32,056

CURRENT ASSETS
Stocks 178,312 129,844
Debtors 6 148,807 100,378
Cash at bank 482,049 587,870
809,168 818,092
CREDITORS
Amounts falling due within one year 7 442,164 438,546
NET CURRENT ASSETS 367,004 379,546
TOTAL ASSETS LESS CURRENT
LIABILITIES

399,969

411,602

CAPITAL AND RESERVES
Called up share capital 9 769,737 769,737
Retained earnings (369,768 ) (358,135 )
SHAREHOLDERS' FUNDS 399,969 411,602

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

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

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 2 October 2024 and were signed on its behalf by:



Lord R M Lucas - Director


Lucas Publications Limited (Registered number: 03509671)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Lucas Publications 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 preparation
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.

Preparation of consolidated financial statements
The financial statements contain information about Lucas Publications Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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.

Plant and machinery - 15% reducing balance
Computer equipment - 33% on cost
Website development - 50% in year 1, 30% in year 2 and 20% in year 3. This is in relation to the reduction in value of the website over 3 years. However if work on the website during the year means that value has not fallen then no charge will be made.

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.

Lucas Publications Limited (Registered number: 03509671)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 11 ) .

4. TANGIBLE FIXED ASSETS
Plant and Website Computer
machinery development equipment Totals
£    £    £    £   
COST
At 1 February 2023 466 341,452 12,864 354,782
Additions - 31,120 6,793 37,913
Disposals - (1,800 ) - (1,800 )
At 31 January 2024 466 370,772 19,657 390,895
DEPRECIATION
At 1 February 2023 466 313,015 9,245 322,726
Charge for year - 32,623 4,381 37,004
Eliminated on disposal - (1,800 ) - (1,800 )
At 31 January 2024 466 343,838 13,626 357,930
NET BOOK VALUE
At 31 January 2024 - 26,934 6,031 32,965
At 31 January 2023 - 28,437 3,619 32,056

5. FIXED ASSET INVESTMENTS

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Good Careers Guide Limited
Registered office: 7 St. Johns Road, Harrow, Middlesex, United Kingdom HA1 2EY
Nature of business: Online career review & advice (not trading)
%
Class of shares: holding
Ordinary shares 100.00
2024 30/9/22
£    £   
Aggregate capital and reserves - (194,645 )
Loss for the year - (529 )

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 137,469 89,678
Deferred tax asset 11,338 10,700
148,807 100,378

Lucas Publications Limited (Registered number: 03509671)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other loans - 100,000
Trade creditors 130,425 132,529
Social security and other taxes 27,090 33,091
Pensions 9,388 6,550
VAT 33,445 26,661
Other creditors 54,659 53,418
Directors' current accounts 179,871 79,871
Accrued expenses 7,286 6,426
442,164 438,546

8. DEFERRED TAX
£   
Balance at 1 February 2023 (10,700 )
Accelerated capital allowances 594
Deferred trading losses (1,232 )
Balance at 31 January 2024 (11,338 )

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
769,737 Ordinary £1 769,737 769,737

10. RELATED PARTY DISCLOSURES

Ralph Matthew Palmer, Baron Lucas of Crudwell, Lord Dingwall
Director and Majority Shareholder

At the balance sheet date, a balance of £79,871 (2023: £79,871) was owed by the company to the director. This balance is unsecured, given interest free and is repayable to the director on demand.


The Good Careers Guide Limited
A 100% owned non-trading subsidiary

During the year, the company incurred expenses of £Nil (2023: £Nil) on behalf of the Good Careers Guide Limited, a non-trading subsidiary. No balances were owed at the year end in either 2024 or 2023.


Ms Hannah Palmer
Director

At the balance sheet date a balance of £100,000 (2023: £100,000) was owed by the company to the director. This balance is given interest free, is unsecured and is repayable on demand.

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Ralph Matthew Palmer, Baron Lucas of Crudwell, Lord Dingwall.