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Company Registration No. 09557876 (England and Wales)
LCS Energy Ltd Unaudited Financial Statements for the year ended 31 July 2024
LCS Energy Ltd Unaudited Financial Statements Contents
Page
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LCS Energy Ltd Company Information for the year ended 31 July 2024
Directors
James Martin Gareth Stephens James Martin Gareth Stephens
Company Number
09557876 (England and Wales)
Registered Office
UNIT 11 HARVARD INDUSTRIAL ESTATE KIMBOLTON HUNTINGDON PE28 0NJ ENGLAND
Accountants
Infinity Accounting Ltd Eventus Sunderland Road Market Deeping Peterborough PE6 8FD
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LCS Energy Ltd Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Called up share capital not paid
- 
5 
Fixed assets
Tangible assets
67,733 
26,073 
Current assets
Inventories
11,000 
22,000 
Debtors
461,593 
1,084,861 
Cash at bank and in hand
551,641 
1,313,133 
1,024,234 
2,419,994 
Creditors: amounts falling due within one year
(260,209)
(848,107)
Net current assets
764,025 
1,571,887 
Total assets less current liabilities
831,758 
1,597,965 
Creditors: amounts falling due after more than one year
(45,321)
(49,214)
Provisions for liabilities
Deferred tax
(11,491)
(2,463)
Net assets
774,946 
1,546,288 
Capital and reserves
Called up share capital
205 
205 
Profit and loss account
774,741 
1,546,083 
Shareholders' funds
774,946 
1,546,288 
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 23 April 2025 and were signed on its behalf by
James Martin Director Company Registration No. 09557876
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LCS Energy Ltd Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
LCS Energy Ltd is a private company, limited by shares, registered in England and Wales, registration number 09557876. The registered office is UNIT 11 HARVARD INDUSTRIAL ESTATE, KIMBOLTON, HUNTINGDON, PE28 0NJ, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on reducing balance
Motor vehicles
20% on reducing balance
Computer equipment
25% on reducing balance
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Inventories
Work in progress is valued at the lower of cost and net realisable value. Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.
Deferred taxation
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.
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LCS Energy Ltd Notes to the Accounts for the year ended 31 July 2024
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 August 2023
16,885 
23,208 
24,808 
64,901 
Additions
36,600 
14,497 
- 
51,097 
At 31 July 2024
53,485 
37,705 
24,808 
115,998 
Depreciation
At 1 August 2023
14,420 
8,355 
16,053 
38,828 
Charge for the year
1,379 
5,870 
2,188 
9,437 
At 31 July 2024
15,799 
14,225 
18,241 
48,265 
Net book value
At 31 July 2024
37,686 
23,480 
6,567 
67,733 
At 31 July 2023
2,465 
14,853 
8,755 
26,073 
2024 
2023 
Carrying values included above held under finance leases and hire purchase contracts:
£ 
£ 
- Motor vehicles
11,598 
- 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
34,414 
- 
Trade debtors
408,831 
1,081,674 
Accrued income and prepayments
12,008 
1,167 
Other debtors
6,340 
2,020 
461,593 
1,084,861 
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LCS Energy Ltd Notes to the Accounts for the year ended 31 July 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
10,035 
10,035 
VAT
- 
139,728 
Obligations under finance leases and hire purchase contracts
3,624 
- 
Trade creditors
167,001 
368,188 
Taxes and social security
75,683 
354,554 
Other creditors
358 
- 
Loans from directors
304 
(26,348)
Accruals
3,204 
1,950 
260,209 
848,107 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
8,374 
19,062 
Obligations under finance leases and hire purchase contracts
6,947 
- 
Other creditors
30,000 
30,000 
Loans from directors
- 
152 
45,321 
49,214 
Warranty provision is made for estimated warranty claims in respect of products sold which are still under warranty at the end of the reporting period.
8
Deferred taxation
2024 
2023 
£ 
£ 
Accelerated capital allowances
11,491 
2,463 
2024 
2023 
£ 
£ 
Provision at start of year
2,463 
5,753 
Charged/(credited) to the profit and loss account
9,028 
(3,290)
Provision at end of year
11,491 
2,463 
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1,000 Ordinary of £0.10 each
100 
100 
500 Ordinary B of £0.10 each
50 
50 
500 Ordinary C of £0.10 each
50 
50 
50 Ordinary G of £0.10 each
5 
5 
205 
205 
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LCS Energy Ltd Notes to the Accounts for the year ended 31 July 2024
10
Transactions with related parties
Included in other creditors is an amount owed to Mr G Stephens, director, of £152 (2023: £152). This loan is interest free and repayable on demand. Included in other creditors is an amount owed to Mr J Martin, director, of £152 (2023: Debtor of £26,348). This loan is interest free and repayable on demand. During the year, rent was charged at market rate by Jagen Holdings Limited, a company owned by Mr J Martin, director, totalling £5,200. During the year, rent was charged at market rate by Stephen 39 Investments Limited, a company owned by Mr G Stephens, director, totalling £5,200.
11
Controlling party
The controlling parties are Jagen Holdings Limited and Stephens 39 Investments Limited, by virtue of the ownership of issued ordinary share capital.
12
Average number of employees
During the year the average number of employees was 24 (2023: 28).
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