2023-04-012024-03-312024-03-31false13972664LUCID SERVICES 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LUCID SERVICES LTD

Registered Number
13972664
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2024

LUCID SERVICES LTD
Company Information
for the year from 1 April 2023 to 31 March 2024

Directors

SULLIVAN, Adam Christopher
SULLIVAN, Emma

Registered Address

212 Rempstone Road
Wimborne
BH21 1SY

Registered Number

13972664 (England and Wales)
LUCID SERVICES LTD
Balance Sheet as at
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets312,75017,000
12,75017,000
Current assets
Debtors1,7256,879
Cash at bank and on hand2,8406,848
4,56513,727
Creditors amounts falling due within one year(7,528)(6,339)
Net current assets (liabilities)(2,963)7,388
Total assets less current liabilities9,78724,388
Net assets9,78724,388
Capital and reserves
Called up share capital11
Profit and loss account9,78624,387
Shareholders' funds9,78724,388
The financial statements were approved and authorised for issue by the Board of Directors on 16 November 2024, and are signed on its behalf by:
SULLIVAN, Adam Christopher
Director
SULLIVAN, Emma
Director

Registered Company No. 13972664
LUCID SERVICES LTD
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)
Plant and machinery25
Vehicles25
2.Average number of employees

20242023
Average number of employees during the year22
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 April 2317,000
At 31 March 2417,000
Depreciation and impairment
Charge for year4,250
At 31 March 244,250
Net book value
At 31 March 2412,750
At 31 March 2317,000