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REGISTERED NUMBER: 03219349 (England and Wales)






















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

L C SERVICES LIMITED

L C SERVICES LIMITED (REGISTERED NUMBER: 03219349)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


L C SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: Mr C W Bootman
Mrs K A Bootman





REGISTERED OFFICE: 3 Doolittle Yard
Froghall Road
Ampthill
Bedfordshire
MK45 2NW





BUSINESS ADDRESS: Station House
Station Road
Turvey
Bedfordshire
MK43 8BL





REGISTERED NUMBER: 03219349 (England and Wales)





ACCOUNTANTS: GKP (Ampthill) Limited
Chartered Accountants
3 Doolittle Yard
Froghall Road
Ampthill
Bedfordshire
MK45 2NW

L C SERVICES LIMITED (REGISTERED NUMBER: 03219349)

BALANCE SHEET
31 JULY 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 7,934 9,067
Tangible assets 5 120,852 138,114
Investments 6 21,286 21,286
150,072 168,467

CURRENT ASSETS
Stocks 228,641 258,010
Debtors 7 445,962 502,436
Cash at bank and in hand 6,333 14,420
680,936 774,866
CREDITORS
Amounts falling due within one year 8 763,453 828,094
NET CURRENT LIABILITIES (82,517 ) (53,228 )
TOTAL ASSETS LESS CURRENT LIABILITIES 67,555 115,239

CREDITORS
Amounts falling due after more than one year 9 (35,403 ) (74,881 )

PROVISIONS FOR LIABILITIES (19,429 ) (22,483 )
NET ASSETS 12,723 17,875

CAPITAL AND RESERVES
Called up share capital 11,100 11,100
Capital redemption reserve 532 532
Retained earnings 1,091 6,243
SHAREHOLDERS' FUNDS 12,723 17,875

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 15 January 2025 and were signed on its behalf by:





Mr C W Bootman - Director


L C SERVICES LIMITED (REGISTERED NUMBER: 03219349)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024


1. STATUTORY INFORMATION

L C Services 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The Directors have considered all relevant matters and believe that the going concern basis continues to be appropriate when preparing these accounts.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of five years.

Development costs
Development costs are amortised over 4 years on a straight line basis.

Tangible fixed assets
Tangible fixed assets are stated at cost less depreciation. Depreciation has been provided on all tangible fixed assets at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life. It is calculated at the following rates:

Premises improvements - 10% straight line
Computer equipment - 33% straight line
Motor vehicles - 33% reducing balance
Office equipment- 15% reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2023 - 22 ) .

L C SERVICES LIMITED (REGISTERED NUMBER: 03219349)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


4. INTANGIBLE FIXED ASSETS
Development Computer
Goodwill costs software Totals
£ £ £ £
COST
At 1 August 2023
and 31 July 2024 150,500 48,675 13,600 212,775
AMORTISATION
At 1 August 2023 150,500 48,675 4,533 203,708
Amortisation for year - - 1,133 1,133
At 31 July 2024 150,500 48,675 5,666 204,841
NET BOOK VALUE
At 31 July 2024 - - 7,934 7,934
At 31 July 2023 - - 9,067 9,067

5. TANGIBLE FIXED ASSETS
Improvements Plant and Motor Computer
to property machinery vehicles equipment Totals
£ £ £ £ £
COST
At 1 August 2023 65,542 322,807 - 47,510 435,859
Additions - 20,728 11,512 2,541 34,781
Disposals - (67,134 ) - - (67,134 )
At 31 July 2024 65,542 276,401 11,512 50,051 403,506
DEPRECIATION
At 1 August 2023 59,030 199,036 - 39,679 297,745
Charge for year 978 19,287 64 6,568 26,897
Eliminated on disposal - (41,988 ) - - (41,988 )
At 31 July 2024 60,008 176,335 64 46,247 282,654
NET BOOK VALUE
At 31 July 2024 5,534 100,066 11,448 3,804 120,852
At 31 July 2023 6,512 123,771 - 7,831 138,114

6. FIXED ASSET INVESTMENTS
Other
investments
£
COST
At 1 August 2023
and 31 July 2024 21,286
NET BOOK VALUE
At 31 July 2024 21,286
At 31 July 2023 21,286

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 242,953 410,476
Other debtors 102,288 21,820
Directors' current accounts 29,731 -
VAT 25,832 26,847
Prepayments 45,158 43,293
445,962 502,436

L C SERVICES LIMITED (REGISTERED NUMBER: 03219349)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 96,318 29,808
Other loans 29,167 30,000
Trade creditors 320,646 359,122
Deferred Duty 10,045 -
Tax 80,598 52,841
Social security and other taxes 11,041 16,925
Other creditors 186,864 318,067
Directors' current accounts - 389
Accrued expenses 28,774 20,942
763,453 828,094

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£ £
Bank loans - 1-2 years 7,904 10,311
Bank loans - 2-5 years - 7,904
Other loans - 1-2 years 19,166 29,167
Other loans - 2-5 years 8,333 27,499
35,403 74,881

10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£ £
Within one year 75,289 61,064
Between one and five years 66,789 53,315
142,078 114,379

11. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£ £
Bank loans 18,215 28,271
Other loans 56,666 86,666
Other creditors 186,864 318,067
261,745 433,004

Other creditors relates to an amount due under an invoice discounting agreement. This is secured by a fixed and floating charge over the assets of the company.

Other loans relates to the LC Services Directors Pension Scheme, this is secured by a fixed and floating charge over the assets of the company.

Hire purchase liabilities are secured on the assets acquired.

L C SERVICES LIMITED (REGISTERED NUMBER: 03219349)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2024 and 31 July 2023:

2024 2023
£ £
Mr C W Bootman
Balance outstanding at start of year (389 ) 168
Amounts advanced 175,120 32,284
Amounts repaid (145,000 ) (32,841 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 29,731 (389 )

13. ULTIMATE CONTROLLING PARTY

The controlling party is Mr C W Bootman.