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Company Registration No. 02976231 (England and Wales)
David Lucas Limited Unaudited accounts for the year ended 31 October 2024
David Lucas Limited Unaudited accounts Contents
Page
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David Lucas Limited Company Information for the year ended 31 October 2024
Director
Mr D H Lucas
Secretary
Mrs S A Lucas
Company Number
02976231 (England and Wales)
Registered Office
2 STATHAM COURT STATHAM STREET MACCLESFIELD CHESHIRE SK11 6XN
Accountants
SJB & Associates 2 Statham Court Statham Street Macclesfield Cheshire SK11 6XN
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David Lucas Limited Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
569 
669 
Current assets
Debtors
443 
- 
Cash at bank and in hand
12,998 
15,060 
13,441 
15,060 
Creditors: amounts falling due within one year
(13,498)
(11,784)
Net current (liabilities)/assets
(57)
3,276 
Total assets less current liabilities
512 
3,945 
Provisions for liabilities
Deferred tax
(108)
(127)
Net assets
404 
3,818 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
304 
3,718 
Shareholders' funds
404 
3,818 
For the year ending 31 October 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 director acknowledges his 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 and authorised for issue on 18 December 2024 and were signed on its behalf by
Mr D H Lucas Director Company Registration No. 02976231
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David Lucas Limited Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
David Lucas Limited is a private company, limited by shares, registered in England and Wales, registration number 02976231. The registered office is 2 STATHAM COURT, STATHAM STREET, MACCLESFIELD, CHESHIRE, SK11 6XN.
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.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% reducing balance basis
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset. Deferred tax assets and liabilities are not discounted.
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David Lucas Limited Notes to the Accounts for the year ended 31 October 2024
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 November 2023
1,774 
At 31 October 2024
1,774 
Depreciation
At 1 November 2023
1,105 
Charge for the year
100 
At 31 October 2024
1,205 
Net book value
At 31 October 2024
569 
At 31 October 2023
669 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
443 
- 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
6,842 
5,123 
Loans from directors
- 
5 
Accruals
6,656 
6,656 
13,498 
11,784 
7
Deferred taxation
2024 
2023 
£ 
£ 
Accelerated capital allowances
108 
127 
2024 
2023 
£ 
£ 
Provision at start of year
127 
150 
Credited to the profit and loss account
(19)
(23)
Provision at end of year
108 
127 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
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David Lucas Limited Notes to the Accounts for the year ended 31 October 2024
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Mr D H Lucas
Director's Loan Account
(5)
- 
- 
(5)
(5)
- 
- 
(5)
Dividends Paid to Directors Dividends paid to directors in their capacity as shareholders during the year included £41,000 (2018 £37,500) to Mr D H Lucas.
10
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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