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REGISTERED NUMBER: 11705537 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

LSN U.K. LIMITED

LSN U.K. LIMITED (REGISTERED NUMBER: 11705537)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LSN U.K. LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTOR: Mr T J Holmes





REGISTERED OFFICE: Suite 4, East Barton Barns
East Barton Road
Great Barton
Bury St Edmunds
Suffolk
IP31 2QY





REGISTERED NUMBER: 11705537 (England and Wales)





ACCOUNTANTS: Twinn Accountants Limited
Suite 4, East Barton Barns
East Barton Road
Great Barton
Bury St. Edmunds
Suffolk
IP31 2QY

LSN U.K. LIMITED (REGISTERED NUMBER: 11705537)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 186,404 209,873

CURRENT ASSETS
Debtors 5 69,177 147,136
Cash at bank 94,273 54,265
163,450 201,401
CREDITORS
Amounts falling due within one year 6 63,033 122,804
NET CURRENT ASSETS 100,417 78,597
TOTAL ASSETS LESS CURRENT
LIABILITIES

286,821

288,470

CREDITORS
Amounts falling due after more than one
year

7

(42,558

)

(65,387

)

PROVISIONS FOR LIABILITIES (42,634 ) (44,933 )
NET ASSETS 201,629 178,150

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 201,429 177,950
SHAREHOLDERS' FUNDS 201,629 178,150

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

LSN U.K. LIMITED (REGISTERED NUMBER: 11705537)

BALANCE SHEET - continued
30 JUNE 2024


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 director and authorised for issue on 29 October 2024 and were signed by:





Mr T J Holmes - Director


LSN U.K. LIMITED (REGISTERED NUMBER: 11705537)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

LSN U.K. 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 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 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Equipment - 20% on reducing balance
Motor vehicles - 25% on reducing balance

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

LSN U.K. LIMITED (REGISTERED NUMBER: 11705537)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Motor
Equipment vehicles Totals
£    £    £   
COST
At 1 July 2023 260,164 90,500 350,664
Additions 35,908 23,490 59,398
Disposals - (7,350 ) (7,350 )
At 30 June 2024 296,072 106,640 402,712
DEPRECIATION
At 1 July 2023 108,379 32,412 140,791
Charge for year 60,728 19,814 80,542
Eliminated on disposal - (5,025 ) (5,025 )
At 30 June 2024 169,107 47,201 216,308
NET BOOK VALUE
At 30 June 2024 126,965 59,439 186,404
At 30 June 2023 151,785 58,088 209,873

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
Equipment vehicles Totals
£    £    £   
COST
At 1 July 2023 10,999 70,490 81,489
Transfer to ownership (10,999 ) - (10,999 )
At 30 June 2024 - 70,490 70,490
DEPRECIATION
At 1 July 2023 5,368 19,235 24,603
Charge for year - 12,814 12,814
Transfer to ownership (5,368 ) - (5,368 )
At 30 June 2024 - 32,049 32,049
NET BOOK VALUE
At 30 June 2024 - 38,441 38,441
At 30 June 2023 5,631 51,255 56,886

LSN U.K. LIMITED (REGISTERED NUMBER: 11705537)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 54,313 72,433
Other debtors 8,581 57,552
VAT 5,465 15,748
Prepayments 818 1,403
69,177 147,136

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 9,822 9,750
Hire purchase contracts 12,760 13,200
Trade creditors 6,331 70,796
Corporation tax 24,615 15,874
Other creditors 3,516 2,501
Director's current account 1,552 1,720
Accrued expenses 4,437 8,963
63,033 122,804

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 9,344 10,008
Bank loans - 2-5 years - 9,405
Hire purchase contracts 33,214 45,974
42,558 65,387

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bounce Back Loan 19,166 29,163

The Bounce Back Loan is secured by the UK government.