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Company No: 06203544 (England and Wales)

LANCASHIRE ASSESSMENT CENTRE LTD

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 30 APRIL 2024
PAGES FOR FILING WITH THE REGISTRAR

LANCASHIRE ASSESSMENT CENTRE LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 APRIL 2024

Contents

LANCASHIRE ASSESSMENT CENTRE LTD

COMPANY INFORMATION

FOR THE FINANCIAL YEAR ENDED 30 APRIL 2024
LANCASHIRE ASSESSMENT CENTRE LTD

COMPANY INFORMATION (continued)

FOR THE FINANCIAL YEAR ENDED 30 APRIL 2024
DIRECTORS Mr J L Robinson
Mr J L Robinson
SECRETARY Mrs K Robinson
REGISTERED OFFICE Suite 16 West Lancs Investment Centre
Maple View White Moss Business Park
Skelmersdale
WN8 9TG
England
United Kingdom
COMPANY NUMBER 06203544 (England and Wales)
ACCOUNTANT MHA
Richard House
9 Winckley Square
Preston
PR1 3HP
United Kingdom
LANCASHIRE ASSESSMENT CENTRE LTD

BALANCE SHEET

AS AT 30 APRIL 2024
LANCASHIRE ASSESSMENT CENTRE LTD

BALANCE SHEET (continued)

AS AT 30 APRIL 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 33,820 47,364
Investments 0 19
33,820 47,383
Current assets
Debtors 4 53,022 35,115
Cash at bank and in hand 5 150,952 205,863
203,974 240,978
Creditors: amounts falling due within one year 6 ( 87,948) ( 95,347)
Net current assets 116,026 145,631
Total assets less current liabilities 149,846 193,014
Creditors: amounts falling due after more than one year 7 0 ( 16,323)
Provision for liabilities ( 8,455) ( 11,840)
Net assets 141,391 164,851
Capital and reserves
Called-up share capital 8 100 100
Profit and loss account 141,291 164,751
Total shareholders' funds 141,391 164,851

For the financial year ending 30 April 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Lancashire Assessment Centre Ltd (registered number: 06203544) were approved and authorised for issue by the Board of Directors on 15 October 2024. They were signed on its behalf by:

Mr J L Robinson
Director
LANCASHIRE ASSESSMENT CENTRE LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 APRIL 2024
LANCASHIRE ASSESSMENT CENTRE LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 APRIL 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Lancashire Assessment Centre Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Suite 16 West Lancs Investment Centre, Maple View White Moss Business Park, Skelmersdale, WN8 9TG, England, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Vehicles 25 % reducing balance
Fixtures and fittings 3 years straight line
Computer equipment 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Tangible assets

Vehicles Fixtures and fittings Computer equipment Total
£ £ £ £
Cost
At 01 May 2023 57,422 5,217 10,164 72,803
At 30 April 2024 57,422 5,217 10,164 72,803
Accumulated depreciation
At 01 May 2023 16,150 2,049 7,240 25,439
Charge for the financial year 10,318 1,739 1,487 13,544
At 30 April 2024 26,468 3,788 8,727 38,983
Net book value
At 30 April 2024 30,954 1,429 1,437 33,820
At 30 April 2023 41,272 3,168 2,924 47,364

4. Debtors

2024 2023
£ £
Trade debtors 52,032 34,125
Other debtors 990 990
53,022 35,115

5. Cash and cash equivalents

2024 2023
£ £
Cash at bank and in hand 150,952 205,863

6. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 25,609 21,517
Taxation and social security 6,398 14,780
Obligations under finance leases and hire purchase contracts 16,323 17,807
Other creditors 39,618 41,243
87,948 95,347

7. Creditors: amounts falling due after more than one year

2024 2023
£ £
Obligations under finance leases and hire purchase contracts 0 16,323

There are no amounts included above in respect of which any security has been given by the small entity.

8. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100