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Registered Number: 08824007
England and Wales

 

 

 

LCL GROUP LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 June 2023

End date: 31 May 2024
Report to the directors on the preparation of the unaudited statutory accounts of LCL Group Limited for the year ended 31 May 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of LCL Group Limited for the year ended 31 May 2024 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the companys accounting records and from information and explanations you have given us
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/
This report is made solely to the Board of Directors of LCL Group Limited, as a body, in accordance with the terms of our engagement letter dated 10 March 2025 Our work has been undertaken solely to prepare for your approval the accounts of LCL Group Limited and state those matters that we have agreed to state to the Board of Directors of LCL Group Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than LCL Group Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that LCL Group Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of LCL Group Limited. You consider that LCL Group Limited is exempt from the statutory audit requirement for the year
We have not been instructed to carry out an audit or a review of the accounts of LCL Group Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts
31 May 2024



....................................................

SAW Accounting & Tax Advisory Limited

Suite Ss, Avon House
435 Stratford Road
B90 4AA
10 March 2025
1
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Intangible fixed assets 3 647    859 
Tangible fixed assets 4 9,460    3,058 
10,107    3,917 
Current assets      
Debtors: amounts falling due within one year 99,668    33,989 
Cash at bank and in hand 63,430    69,302 
163,098    103,291 
Creditors: amount falling due within one year (44,509)   (582,237)
Net current assets 118,589    (478,946)
 
Total assets less current liabilities 128,696    (475,029)
Net assets 128,696    (475,029)
 

Capital and reserves
     
Called up share capital 5 10,000    10,000 
Share premium account 226,540    226,540 
Profit and loss account (107,844)   (711,569)
Shareholders' funds 128,696    (475,029)
 


For the year ended 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 10 March 2025 and were signed by:


-------------------------------
Mr Ramesan Doraisami
Director
2
General Information
LCL Group Limited is a private company, limited by shares, registered in England and Wales, registration number 08824007, registration address Unit Ss , Avon House, 435 Stratford Road, Shirley, Solihull, B90 4AA.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 10% Straight Line
Fixtures and Fittings 10% Straight Line
Computer Equipment 10% Straight Line
Assets on finance lease and hire purchase
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
2.

Average number of employees

Average number of employees during the year was 1 (2023 : 1).
3.

Intangible fixed assets

Cost Website   Total
  £   £
At 01 June 2023 5,167    5,167 
Additions  
Disposals  
At 31 May 2024 5,167    5,167 
Amortisation
At 01 June 2023 4,308    4,308 
Charge for year 212    212 
On disposals  
At 31 May 2024 4,520    4,520 
Net book values
At 31 May 2024 647    647 
At 31 May 2023 859    859 


4.

Tangible fixed assets

Cost or valuation Plant and Machinery   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £
At 01 June 2023 18,937    5,963    5,296    30,196 
Additions   7,000      7,000 
Disposals      
At 31 May 2024 18,937    12,963    5,296    37,196 
Depreciation
At 01 June 2023 18,937    5,963    2,238    27,138 
Charge for year     598    598 
On disposals      
At 31 May 2024 18,937    5,963    2,836    27,736 
Net book values
Closing balance as at 31 May 2024   7,000    2,460    9,460 
Opening balance as at 01 June 2023     3,058    3,058 


5.

Share Capital

Allotted, called up and fully paid
2024
£
  2023
£
100 Ordinary shares of £100.00 each 10,000    10,000 
10,000    10,000 

3