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REGISTERED NUMBER: 05780057 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

L2S2 LIMITED

L2S2 LIMITED (REGISTERED NUMBER: 05780057)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 30 April 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


L2S2 LIMITED

COMPANY INFORMATION
For The Year Ended 30 April 2024







DIRECTORS: Dr PM Gaffney
Ms JL Aldridge





REGISTERED OFFICE: 2a Oakington Business Park
Dry Drayton Road
Oakington
Cambridgeshire
CB24 3DQ





REGISTERED NUMBER: 05780057 (England and Wales)





ACCOUNTANTS: TC Group
4 Office Village
Forder Way
Cygnet Park, Hampton
Peterborough
Cambridgeshire
PE7 8GX

L2S2 LIMITED (REGISTERED NUMBER: 05780057)

BALANCE SHEET
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 58,800 57,286
Investments 5 4 4
58,804 57,290

CURRENT ASSETS
Debtors 6 733,887 920,214
Cash at bank 1,492,884 785,721
2,226,771 1,705,935
CREDITORS
Amounts falling due within one year 7 560,383 374,635
NET CURRENT ASSETS 1,666,388 1,331,300
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,725,192

1,388,590

CAPITAL AND RESERVES
Called up share capital 8 100,000 100,000
Retained earnings 1,625,192 1,288,590
SHAREHOLDERS' FUNDS 1,725,192 1,388,590

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 30 January 2025 and were signed on its behalf by:





Ms JL Aldridge - Director


L2S2 LIMITED (REGISTERED NUMBER: 05780057)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 30 April 2024


1. STATUTORY INFORMATION

L2S2 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative
impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land,
at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its
expected useful life, as follows:



Plant and machinery 25% per annum straight line
Office furniture 18% per annum straight line

Investments in subsidiaries
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is not recognised in respect of timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Current and deferred tax assets and liabilities are not discounted.

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
Contributions to defined contribution plans are expensed in the period to which they relate.

Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

L2S2 LIMITED (REGISTERED NUMBER: 05780057)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 April 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2023 - 26 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023 191,338
Additions 27,108
At 30 April 2024 218,446
DEPRECIATION
At 1 May 2023 134,052
Charge for year 25,594
At 30 April 2024 159,646
NET BOOK VALUE
At 30 April 2024 58,800
At 30 April 2023 57,286

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 May 2023
and 30 April 2024 4
NET BOOK VALUE
At 30 April 2024 4
At 30 April 2023 4

Investments comprised 2 Ordinary Shares of £1 in L2S2 Medical Limited and 2 Ordinary Shares of £1 in Leading Light Software Services Limited. Both companies are 100% owned dormant UK registered companies.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 546,747 752,333
Other debtors 187,140 167,881
733,887 920,214

L2S2 LIMITED (REGISTERED NUMBER: 05780057)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 April 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 61,706 63,097
Social security and other taxes 320,618 51,393
VAT 127,948 133,728
Pension fund 14,328 114,576
Student loan 1,742 474
Credit card 17,755 3,962
Accruals and deferred income 16,286 7,405
560,383 374,635

Short term creditors are measured at transaction price ( which is usually the invoice price).

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
10,000,000 Ordinary £0.01 100,000 100,000

9. RELATED PARTY DISCLOSURES

The controlling parties are P M Gaffney and J L Aldridge by virtue of their ownership of the issued ordinary share capital.

10. OTHER INFORMATION

L2S2 Limited is a private company limited by shares and incorporated in England. Its registered office is:
2a 2b Oakington Business Park
Dry Drayton Road
Oakington
Cambridge
CB24 3DQ