Company Registration No. 10566163 (England and Wales)
LSAD Ltd
Unaudited accounts
for the year ended 30 April 2024
LSAD Ltd
Unaudited accounts
Contents
LSAD Ltd
Company Information
for the year ended 30 April 2024
Company Number
10566163 (England and Wales)
Registered Office
103 High Street
Waltham Cross
Herts
EN8 7AN
United Kingdom
Accountants
Brindley Goldstein Ltd
103 High Street
Waltham Cross
EN8 7AN
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of LSAD Ltd for the year ended 30 April 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
LSAD Ltd for the year ended
30 April 2024 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of LSAD Ltd, as a body, in accordance with the terms of our engagement letter dated 24 September 2019. Our work has been undertaken solely to prepare for your approval the accounts of LSAD Ltd and state those matters that we have agreed to state to the Board of Directors of LSAD Ltd, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than LSAD Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that LSAD Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of LSAD Ltd. You consider that LSAD Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of LSAD Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Brindley Goldstein Ltd
Chartered Accountants
103 High Street
Waltham Cross
EN8 7AN
9 January 2025
LSAD Ltd
Statement of financial position
as at 30 April 2024
Tangible assets
650,000
650,000
Cash at bank and in hand
6,238
2,623
Creditors: amounts falling due within one year
(274,814)
(279,057)
Net current liabilities
(88,630)
(96,488)
Total assets less current liabilities
561,370
553,512
Creditors: amounts falling due after more than one year
(526,575)
(532,394)
Called up share capital
1
1
Profit and loss account
34,794
21,117
Shareholders' funds
34,795
21,118
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 9 January 2025 and were signed on its behalf by
L.Schlesinger
Director
Company Registration No. 10566163
LSAD Ltd
Notes to the Accounts
for the year ended 30 April 2024
LSAD Ltd is a private company, limited by shares, registered in England and Wales, registration number 10566163. The registered office is 103 High Street, Waltham Cross, Herts, EN8 7AN, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
No depreciation is provided on the company's freehold properties
4
Tangible fixed assets
Land & buildings
Amounts falling due within one year
Other debtors
179,946
179,946
LSAD Ltd
Notes to the Accounts
for the year ended 30 April 2024
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
7,050
7,050
Trade creditors
1,080
1,080
Taxes and social security
15,467
19,230
Other creditors
30,000
30,000
Loans from directors
220,617
220,617
7
Creditors: amounts falling due after more than one year
2024
2023
Other creditors
497,250
497,250
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
9
Transactions with related parties
The company was under the control of Mr L.Schlesinger throughout the current period.
Mr L.Schlesinger is personally interested in 100% of the company's issued share capital.
10
Average number of employees
During the year the average number of employees was 0 (2023: 0).