Company registration number 01866222 (England and Wales)
LFC (SOMERSET) LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024
PAGES FOR FILING WITH REGISTRAR
LFC (SOMERSET) LTD
BALANCE SHEET
AS AT
30 NOVEMBER 2024
30 November 2024
- 1 -
2024
2023
£
£
£
£
Fixed assets
627,490
605,520
Current assets
223,027
227,091
Prepayments and accrued income
1,422
3,394
Creditors: amounts falling due within one year
(245,309)
(235,401)
Net current liabilities
(20,860)
(4,916)
Total assets less current liabilities
606,630
600,604
Accruals and deferred income
(8,373)
(9,027)
Net assets
598,257
591,577
Capital and reserves
598,257
591,577
Notes to the financial statements
1
Directors' benefits: advances, credit and guarantees
Advances to Directors
During the year £66,421 was advanced to a director and £74,574 was subsequently repaid. The balance owed by the director at the beginning of the year was £38,654 and at the end of the year was £30,501. This loan is unsecured and has no repayment terms. Interest was charged on the loan at the HMRC official rates of 2.25%.
Operating lease commitments
At the reporting date, the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases of £180,000 (2023 - £210,000).
2
Employees
The average number of persons, including directors, employed by the company during the year was as follows:
2024
2023
Number
Number
Employees
3
3
LFC (Somerset) Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Bishopbrook House, Cathedral Avenue, WELLS, Somerset, BA5 1FD.
For the year ended 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
LFC (SOMERSET) LTD
BALANCE SHEET (CONTINUED)
AS AT
30 NOVEMBER 2024
30 November 2024
- 2 -
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 in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime', and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
The financial statements were approved by the board of directors and authorised for issue on 2 June 2025 and are signed on its behalf by:
Mr A S Barber
Director
Company registration number 01866222 (England and Wales)