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REGISTERED NUMBER: 01514579 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

LCVS ENTERPRISES LIMITED

LCVS ENTERPRISES LIMITED (REGISTERED NUMBER: 01514579)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LCVS ENTERPRISES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: K W Brewster
M Hamilton
D J Markham
S Davies





SECRETARY: Ms W Phipps





REGISTERED OFFICE: 30-38 Dock Street
Leeds
West Yorkshire
LS10 1JF





REGISTERED NUMBER: 01514579 (England and Wales)





ACCOUNTANTS: Brosnans
Chartered Accountants
Birkby House
Bailiff Bridge
Brighouse
West Yorkshire
HD6 4JJ

LCVS ENTERPRISES LIMITED (REGISTERED NUMBER: 01514579)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £ £
FIXED ASSETS
Tangible assets 4 1,564 1,969

CURRENT ASSETS
Debtors 5 48,940 37,742
Cash at bank and in hand 192,402 324,354
241,342 362,096
CREDITORS
Amounts falling due within one year 6 (23,027 ) (22,115 )
NET CURRENT ASSETS 218,315 339,981
TOTAL ASSETS LESS CURRENT
LIABILITIES

219,879

341,950

CAPITAL AND RESERVES
Called up share capital 7 2 2
Other reserves 8 100,000 100,000
Retained earnings 8 119,877 241,948
SHAREHOLDERS' FUNDS 219,879 341,950

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

LCVS ENTERPRISES LIMITED (REGISTERED NUMBER: 01514579)

BALANCE SHEET - continued
30 SEPTEMBER 2024


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 6 February 2025 and were signed on its behalf by:





K W Brewster - Director


LCVS ENTERPRISES LIMITED (REGISTERED NUMBER: 01514579)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

LCVS Enterprises 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 (£).


The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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 represents the gross rents receivable in the year from the Aire Street and Dock Street workshops.

TANGIBLE FIXED ASSETS AND DEPRECIATION
All fixed assets are initially recorded at cost.

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Computer equipment - 25% on cost

Fixtures & Fittings - 10% on cst

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.


LCVS ENTERPRISES LIMITED (REGISTERED NUMBER: 01514579)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2. ACCOUNTING POLICIES - continued
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.

OPERATING LEASE AGREEMENTS
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

PLANNED PROGRAMME OF MAINTENANCE
All expenditure relating to a Planned Programme of Maintenance and any such expenditure relating to emergencies in maintenance of the buildings will be charged to revenue in the year in which it is incurred in addition to providing details of the nature of such expenditure.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 3 ).

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£ £ £
COST
At 1 October 2023 29,557 4,495 34,052
Additions - 787 787
At 30 September 2024 29,557 5,282 34,839
DEPRECIATION
At 1 October 2023 29,480 2,603 32,083
Charge for year 77 1,115 1,192
At 30 September 2024 29,557 3,718 33,275
NET BOOK VALUE
At 30 September 2024 - 1,564 1,564
At 30 September 2023 77 1,892 1,969

LCVS ENTERPRISES LIMITED (REGISTERED NUMBER: 01514579)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4. TANGIBLE FIXED ASSETS - continued

The company owns freehold premises at Dock Street, Leeds which were converted between 1986 and 1988 into small workshop units for renting to local businesses in accordance with the company's objectives. The cost of conversion work amounted to £478,030 which was funded by a 100% grant from the Department of the Environment under the Urban Programme.

The Dock Street property has been accounted for as an investment property and is therefore stated in the accounts at its open market value, no provision being made for depreciation. In view of the conditions attaching to the grant which prohibit the company from disposing of the property, in the directors' opinion, the open market value of the investment property is £nil.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 17,587 9,078
Other debtors 31,353 28,664
48,940 37,742

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Taxation and social security 47 69
Other creditors 22,980 22,046
23,027 22,115

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
2 Ordinary 1 2 2

8. RESERVES

Other reserves represents amounts set aside by the company for the upkeep of its property at Aire Street, Leeds, in accordance with the lease agreement with Leeds City Council.

9. ULTIMATE CONTROLLING PARTY

The company is not under the control of any one party.