19
false
false
false
false
false
false
false
false
false
false
true
false
false
false
false
false
false
No description of principal activity
2023-05-01
Sage Accounts Production Advanced 2023 - FRS102_2023
xbrli:pure
xbrli:shares
iso4217:GBP
06782810
2023-05-01
2024-04-30
06782810
2024-04-30
06782810
2023-04-30
06782810
2022-05-01
2023-04-30
06782810
2023-04-30
06782810
2022-04-30
06782810
core:NetGoodwill
2023-05-01
2024-04-30
06782810
core:LandBuildings
core:ShortLeaseholdAssets
2023-05-01
2024-04-30
06782810
core:MotorVehicles
2023-05-01
2024-04-30
06782810
bus:Director1
2023-05-01
2024-04-30
06782810
core:WithinOneYear
2024-04-30
06782810
core:WithinOneYear
2023-04-30
06782810
core:ShareCapital
2024-04-30
06782810
core:ShareCapital
2023-04-30
06782810
core:RetainedEarningsAccumulatedLosses
2024-04-30
06782810
core:RetainedEarningsAccumulatedLosses
2023-04-30
06782810
bus:SmallEntities
2023-05-01
2024-04-30
06782810
bus:AuditExemptWithAccountantsReport
2023-05-01
2024-04-30
06782810
bus:SmallCompaniesRegimeForAccounts
2023-05-01
2024-04-30
06782810
bus:PrivateLimitedCompanyLtd
2023-05-01
2024-04-30
06782810
bus:AbridgedAccounts
2023-05-01
2024-04-30
06782810
core:ComputerEquipment
2023-05-01
2024-04-30
COMPANY REGISTRATION NUMBER:
06782810
LCD Support Services Limited |
|
Filleted Unaudited Abridged Financial Statements |
|
LCD Support Services Limited |
|
Abridged Financial Statements |
|
Year ended 30 April 2024
Abridged statement of financial position |
1 |
|
|
Notes to the abridged financial statements |
3 |
|
|
LCD Support Services Limited |
|
Abridged Statement of Financial Position |
|
30 April 2024
Fixed assets
Tangible assets |
6 |
|
428,199 |
292,555 |
|
|
|
|
|
Current assets
Debtors |
161,037 |
|
170,680 |
Cash at bank and in hand |
222,047 |
|
273,590 |
|
--------- |
|
--------- |
|
383,084 |
|
444,270 |
|
|
|
|
Creditors: amounts falling due within one year |
85,921 |
|
99,223 |
|
--------- |
|
--------- |
Net current assets |
|
297,163 |
345,047 |
|
|
--------- |
--------- |
Total assets less current liabilities |
|
725,362 |
637,602 |
|
|
|
|
Provisions
Taxation including deferred tax |
|
106,308 |
73,777 |
|
|
--------- |
--------- |
Net assets |
|
619,054 |
563,825 |
|
|
--------- |
--------- |
|
|
|
|
Capital and reserves
Called up share capital |
|
10 |
10 |
Profit and loss account |
|
619,044 |
563,815 |
|
|
--------- |
--------- |
Shareholders funds |
|
619,054 |
563,825 |
|
|
--------- |
--------- |
|
|
|
|
These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the abridged statement of income and retained earnings has not been delivered.
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.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476
;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements
.
All of the members have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 30 April 2024 in accordance with Section 444(2A) of the Companies Act 2006.
LCD Support Services Limited |
|
Abridged Statement of Financial Position (continued) |
|
30 April 2024
These abridged financial statements were approved by the
board of directors
and authorised for issue on
6 January 2025
, and are signed on behalf of the board by:
Company registration number:
06782810
LCD Support Services Limited |
|
Notes to the Abridged Financial Statements |
|
Year ended 30 April 2024
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Gatehouse, Caton Road, Lancaster, LA1 3PE.
2.
Statement of compliance
These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis and are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the accounts requires the use of estimates and assumptions that affect the application of policies and reported amounts of assets and liabilities, income and expenses. Any estimate that has a degree of uncertainty or where judgement has been exercised in a particular area is expressly disclosed within the relevant accounting policy. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
|
Goodwill |
- |
10% straight line |
|
|
|
|
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
Office Equipment |
- |
30% reducing balance |
|
Motor Vehicles |
- |
25% reducing balance |
|
Equipment |
- |
15% reducing balance |
|
|
|
|
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the abridged statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship (see hedge accounting policy). Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
19
(2023:
19
).
5.
Intangible assets
|
£ |
Cost |
|
At 1 May 2023 and 30 April 2024 |
45,000 |
|
-------- |
Amortisation |
|
At 1 May 2023 and 30 April 2024 |
45,000 |
|
-------- |
Carrying amount |
|
At 30 April 2024 |
– |
|
-------- |
At 30 April 2023 |
– |
|
-------- |
|
|
6.
Tangible assets
|
£ |
Cost |
|
At 1 May 2023 |
511,006 |
Additions |
222,004 |
Disposals |
(
32,614) |
|
--------- |
At 30 April 2024 |
700,396 |
|
--------- |
Depreciation |
|
At 1 May 2023 |
218,451 |
Charge for the year |
72,822 |
Disposals |
(
19,076) |
|
--------- |
At 30 April 2024 |
272,197 |
|
--------- |
Carrying amount |
|
At 30 April 2024 |
428,199 |
|
--------- |
At 30 April 2023 |
292,555 |
|
--------- |
|
|
7.
Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:
|
2024 |
2023 |
|
£ |
£ |
Not later than 1 year |
55,000 |
70,000 |
|
-------- |
-------- |
|
|
|
8.
Director's advances, credits and guarantees
The directors loan account remained in credit throughout the current and prior year.