Company Registration No. 04460787 (England and Wales)
LCS SECURITY LIMITED
ABRIDGED ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2024
LCS SECURITY LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
LCS SECURITY LIMITED
BALANCE SHEET
AS AT
30 JUNE 2024
30 June 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
6
66,567
82,956
Current assets
Debtors
7
65,843
104,445
Cash at bank and in hand
207,130
72,212
272,973
176,657
Creditors: amounts falling due within one year
8
(141,179)
(106,028)
Net current assets
131,794
70,629
Net assets
198,361
153,585
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
198,261
153,485
Total equity
198,361
153,585

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 31 January 2025 and are signed on its behalf by:
P J Williams
Director
Company registration number 04460787 (England and Wales)
LCS SECURITY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
- 2 -
1
Accounting policies
Company information

LCS Security Limited is a private company limited by shares incorporated in England and Wales. The registered office is Balfour House, Suite 210b, 741 High Road, North Finchley, London, N12 0BP.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

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

 

 

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computer equipment
25% on cost
Motor vehicles
25% on reducing balance
1.4
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

1.5
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.

1.6
Leases

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the term of the lease.

LCS SECURITY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 3 -
2
Operating profit
2024
2023
Operating profit for the year is stated after charging:
£
£
Loss on disposal of Motor vehicles
-
3,877
Depreciation - owned assets
22,189
2,940
3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
21
20
4
Interest payable and similar expenses
2024
2023
£
£
Loan interest
-
894
Other interest
44
-
0
5
Taxation
2024
2023
£
£
Current tax
UK corporation tax on profits for the current period
22,088
7,523
LCS SECURITY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 4 -
6
Tangible fixed assets
Computer equipment
Motor vehicles
Total
£
£
£
Cost
At 1 July 2023
1,602
115,691
117,293
Additions
-
0
5,800
5,800
At 30 June 2024
1,602
121,491
123,093
Depreciation and impairment
At 1 July 2023
1,602
32,735
34,337
Depreciation charged in the year
-
0
22,189
22,189
At 30 June 2024
1,602
54,924
56,526
Carrying amount
At 30 June 2024
-
0
66,567
66,567
At 30 June 2023
-
0
82,956
82,956
7
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
59,862
38,363
Directors' current accounts
-
0
35,100
Amounts owed by group undertakings
-
0
21,391
Prepayments
5,981
9,591
65,843
104,445
8
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
921
27,080
Corporation tax
22,088
7,523
Other taxation and social security
74,420
59,817
Other creditors
3,996
3,506
Accruals
39,754
8,102
141,179
106,028
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