Company Registration No. 13503805 (England and Wales)
LCSG UK LTD
ABRIDGED ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2024
LCSG UK LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
LCSG UK LTD
BALANCE SHEET
AS AT
30 JUNE 2024
30 June 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
775
2,150
Current assets
Debtors
4
222
742
Cash at bank and in hand
15,182
12,625
15,404
13,367
Creditors: amounts falling due within one year
5
(19,732)
(13,875)
Net current liabilities
(4,328)
(508)
Net (liabilities)/assets
(3,553)
1,642
Capital and reserves
Called up share capital
100
100
Profit and loss
(3,653)
1,542
Total equity
(3,553)
1,642

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 29 January 2025 and are signed on its behalf by:
S Harper
Director
Company Registration No. 13503805
LCSG UK LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
- 2 -
1
Accounting policies
Company information

LCSG UK LTD is a private company limited by shares incorporated in England and Wales. The company's registered office number and registered office address can be found on the Company Information page.

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.

1.2
Going concern

The validity of going concern basis of preparation is dependent on continued financial support from the company's directors and other creditors and on the ability of the company to continue trading. Should the directors and other creditors withdraw their support and the company be unable to continue trading, adjustments would have to be made to reduce the value of assets to their recoverable amounts, to provide for any further liabilities that might arise and re-classify fixed assets as current assets.

 

1.3
Turnover

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

1.4
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
33% on cost
1.5
Taxation
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.

2
Employees

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

2024
2023
Number
Number
Total
2
2
LCSG UK LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 3 -
3
Tangible fixed assets
Computer equipment
£
Cost
At 1 July 2023 and 30 June 2024
4,125
Depreciation and impairment
At 1 July 2023
1,975
Depreciation charged in the year
1,375
At 30 June 2024
3,350
Net book value
At 30 June 2024
775
At 30 June 2023
2,150
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
161
-
0
Unpaid share capital
61
-
0
Director's current account
-
0
742
222
742
5
Creditors: amounts falling due within one year
2024
2023
£
£
Loan
10,000
10,000
Trade creditors
1
-
0
Corporation tax
840
2,189
Director's current account
6,762
-
0
Accruals
2,129
1,686
19,732
13,875
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