LUCID SYSTEMS LTD

Company Registration Number:
07011015 (England and Wales)

Unaudited abridged accounts for the year ended 31 August 2024

Period of accounts

Start date: 01 September 2023

End date: 31 August 2024

LUCID SYSTEMS LTD

Contents of the Financial Statements

for the Period Ended 31 August 2024

Balance sheet
Notes

LUCID SYSTEMS LTD

Balance sheet

As at 31 August 2024


Notes

2024

2023


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 123,842 60,370
Investments:   0 0
Total fixed assets: 123,842 60,370
Current assets
Stocks: 2,800 3,000
Debtors:   226,675 350,259
Cash at bank and in hand: 448,338 232,454
Investments:   0 0
Total current assets: 677,813 585,713
Creditors: amounts falling due within one year: 4 (680,049) (531,986)
Net current assets (liabilities): (2,236) 53,727
Total assets less current liabilities: 121,606 114,097
Creditors: amounts falling due after more than one year: 5 (8,835) (7,470)
Provision for liabilities: 0 0
Total net assets (liabilities): 112,771 106,627
Capital and reserves
Called up share capital: 100 100
Share premium account: 0 0
Revaluation reserve: 00
Other reserves: 0 0
Profit and loss account: 112,671 106,527
Shareholders funds: 112,771 106,627

The notes form part of these financial statements

LUCID SYSTEMS LTD

Balance sheet statements

For the year ending 31 August 2024 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 16 October 2024
and signed on behalf of the board by:

Name: Craig Debenham
Status: Director

The notes form part of these financial statements

LUCID SYSTEMS LTD

Notes to the Financial Statements

for the Period Ended 31 August 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

LUCID SYSTEMS LTD

Notes to the Financial Statements

for the Period Ended 31 August 2024

2. Employees

2024 2023
Average number of employees during the period 13 13

LUCID SYSTEMS LTD

Notes to the Financial Statements

for the Period Ended 31 August 2024

3. Tangible Assets

Total
Cost £
At 01 September 2023 221,333
Additions 122,406
Disposals (92,231)
Revaluations 0
Transfers 0
At 31 August 2024 251,508
Depreciation
At 01 September 2023 160,963
Charge for year 30,973
On disposals (64,270)
Other adjustments 0
At 31 August 2024 127,666
Net book value
At 31 August 2024 123,842
At 31 August 2023 60,370

LUCID SYSTEMS LTD

Notes to the Financial Statements

for the Period Ended 31 August 2024

4. Creditors: amounts falling due within one year note

Trade Creditors - £174955 Corporation Tax - £152210 Other taxes and social security - £136300 Other creditors - £216584

LUCID SYSTEMS LTD

Notes to the Financial Statements

for the Period Ended 31 August 2024

5. Creditors: amounts falling due after more than one year note

Directors loan account - £8835