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Company Registration No. 06775817 (England and Wales)
Technical Lucidity Limited Unaudited accounts for the year ended 31 December 2024
Technical Lucidity Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Technical Lucidity Limited Company Information for the year ended 31 December 2024
Director
Mark Fletcher
Company Number
06775817 (England and Wales)
Registered Office
71-75 Shelton Street Covent Garden London TN11 0FB
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Technical Lucidity Limited Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
2,197 
2,930 
Current assets
Debtors
- 
110 
Cash at bank and in hand
23,337 
31,970 
23,337 
32,080 
Creditors: amounts falling due within one year
(12,772)
(13,037)
Net current assets
10,565 
19,043 
Net assets
12,762 
21,973 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
12,760 
21,971 
Shareholders' funds
12,762 
21,973 
For the year ending 31 December 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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 6 September 2025 and were signed on its behalf by
Mark Fletcher Director Company Registration No. 06775817
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Technical Lucidity Limited Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Technical Lucidity Limited is a private company, limited by shares, registered in England and Wales, registration number 06775817. The registered office is 71-75 Shelton Street, Covent Garden, London, TN11 0FB.
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 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.
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:
Fixtures & fittings
25% Reducing balance
Computer equipment
25% Reducing balance
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 assets and liabilities are not discounted.
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Technical Lucidity Limited Notes to the Accounts for the year ended 31 December 2024
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 January 2024
14,832 
At 31 December 2024
14,832 
Depreciation
At 1 January 2024
11,902 
Charge for the year
733 
At 31 December 2024
12,635 
Net book value
At 31 December 2024
2,197 
At 31 December 2023
2,930 
5
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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