Lexplace Limited 01982814 false 2024-04-06 2025-04-05 2025-04-05 The principal activity of the company is Technical Digita Accounts Production Advanced 6.30.9574.0 true 01982814 2024-04-06 2025-04-05 01982814 2025-04-05 01982814 core:CurrentFinancialInstruments 2025-04-05 01982814 core:CurrentFinancialInstruments core:WithinOneYear 2025-04-05 01982814 core:OfficeEquipment 2025-04-05 01982814 core:PlantMachinery 2025-04-05 01982814 bus:SmallEntities 2024-04-06 2025-04-05 01982814 bus:AuditExemptWithAccountantsReport 2024-04-06 2025-04-05 01982814 bus:FilletedAccounts 2024-04-06 2025-04-05 01982814 bus:SmallCompaniesRegimeForAccounts 2024-04-06 2025-04-05 01982814 bus:RegisteredOffice 2024-04-06 2025-04-05 01982814 bus:Director1 2024-04-06 2025-04-05 01982814 bus:PrivateLimitedCompanyLtd 2024-04-06 2025-04-05 01982814 core:ComputerEquipment 2024-04-06 2025-04-05 01982814 core:OfficeEquipment 2024-04-06 2025-04-05 01982814 core:PlantMachinery 2024-04-06 2025-04-05 01982814 countries:AllCountries 2024-04-06 2025-04-05 01982814 2024-04-05 01982814 core:OfficeEquipment 2024-04-05 01982814 core:PlantMachinery 2024-04-05 01982814 2023-04-06 2024-04-05 01982814 2024-04-05 01982814 core:CurrentFinancialInstruments 2024-04-05 01982814 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-05 01982814 core:OfficeEquipment 2024-04-05 01982814 core:PlantMachinery 2024-04-05 iso4217:GBP xbrli:pure

Registration number: 01982814

Lexplace Limited
Unaudited Financial Statements
for the Year Ended 5 April 2025

Lexplace Limited

Contents

Statement of Financial Position | 1
Notes to the Unaudited Financial Statements | 2 to 4

Lexplace Limited

(Registration number: 01982814)
Statement of Financial Position as at 5 April 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 700 | 1,042
Current assets |  |  |
Debtors | 5 | 2,220 | 3,940
Cash at bank and in hand |  | 40,787 | 40,132
|  | 43,007 | 44,072
Creditors: Amounts falling due within one year | 6 | (28,168) | (24,194)
Net current assets |  | 14,839 | 19,878
Net assets |  | 15,539 | 20,920
Capital and reserves |  |  |
Called up share capital |  | 2 | 2
Retained earnings |  | 15,537 | 20,918
Shareholders' funds |  | 15,539 | 20,920

For the financial year ending 5 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The director acknowledges his responsibilities for complying with the requirements of the Act 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. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 17 September 2025

......................................... Mr M J Lown Director |  |

Lexplace Limited

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2025

1 | General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
196 Seal Road
Bramhall
Stockport
Cheshire
SK7 2LL

These financial statements were authorised for issue by the director on 17 September 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Lexplace Limited

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2025

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Office Equipment | 15% on Reducing balance
Computer Equipment | 33% on Reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

Lexplace Limited

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2025

4 | Tangible assets

| Computer equipment £ | Office equipment £ | Total £
Cost or valuation
At 6 April 2024 | 11,439 | 1,183 | 12,622
At 5 April 2025 | 11,439 | 1,183 | 12,622
Depreciation
At 6 April 2024 | 10,398 | 1,183 | 11,581
Charge for the year | 341 | - | 341
At 5 April 2025 | 10,739 | 1,183 | 11,922
Carrying amount
At 5 April 2025 | 700 | - | 700
At 5 April 2024 | 1,042 | - | 1,042

5 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | 2,220 | 1,920
Other debtors | - | 2,020
| 2,220 | 3,940

6 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Trade creditors | 832 | 832
Taxation and social security | 25,743 | 21,956
Other creditors | 1,593 | 1,406
| 28,168 | 24,194