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REGISTERED NUMBER: 11422514 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JULY 2024

FOR

LC'S SALES LTD

LC'S SALES LTD (REGISTERED NUMBER: 11422514)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LC'S SALES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JULY 2024







DIRECTOR: L Chessum





REGISTERED OFFICE: 50 Allen Road
Rushden
Northamptonshire
NN10 0DY





REGISTERED NUMBER: 11422514 (England and Wales)





ACCOUNTANTS: Bewers Turner & Co LLP
Chartered Accountants
Portland House
11-13 Station Road
Kettering
Northamptonshire
NN15 7HH

LC'S SALES LTD (REGISTERED NUMBER: 11422514)

BALANCE SHEET
31ST JULY 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Stocks 2,000 2,000
Debtors 5 40 40
Cash at bank - 1,184
2,040 3,224
CREDITORS
Amounts falling due within one year 6 24,020 23,633
NET CURRENT LIABILITIES (21,980 ) (20,409 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(21,980

)

(20,409

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (22,080 ) (20,509 )
SHAREHOLDERS' FUNDS (21,980 ) (20,409 )

LC'S SALES LTD (REGISTERED NUMBER: 11422514)

BALANCE SHEET - continued
31ST JULY 2024


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

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

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 13th January 2025 and were signed by:





L Chessum - Director


LC'S SALES LTD (REGISTERED NUMBER: 11422514)

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


1. STATUTORY INFORMATION

LC's Sales Ltd 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 financial statements have been prepared on a going concern basis not withstanding that at 31 July 2024 the company had net current liabilities of £21,980 (2023: £20,409). The director believes this basis to be appropriate and has agreed to provide funds as necessary to meet the day to day running costs of the business for the foreseeable future.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - straight line over 3 years

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

Financial instruments
The company is party to only basic financial instruments such as cash, trade debtors and creditors and loans. Instruments such as trade debtors and trade creditors are initially recognised at their transaction cost and reviewed at the year end for impairment. Debt instruments not repayable on demand or due within one year, such as bank loans, are measured at amortised cost using the effective interest rate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

LC'S SALES LTD (REGISTERED NUMBER: 11422514)

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


4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1st August 2023
and 31st July 2024 600
DEPRECIATION
At 1st August 2023
and 31st July 2024 600
NET BOOK VALUE
At 31st July 2024 -
At 31st July 2023 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
PAYE and NIC 40 40

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 180 -
Trade creditors 140 1,058
Directors' loan accounts 22,679 21,554
Accruals and deferred income 1,021 1,021
24,020 23,633

7. RELATED PARTY DISCLOSURES

All material related party transactions with owners holding a participating interest, companies in which the entity has a participating interest and directors were all concluded under normal market conditions.