REGISTERED NUMBER: 07874145 (England and Wales)

LOCAL SERVICES 2 YOU LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs C G D Ward

Mr E J Croston

Mrs A Pinnock

Mr A Hood

Mrs N E Pinnock-Hamilton

Mr S D Yorke

REGISTERED OFFICE:

The Chestnut Centre

2a Chestnut Street

Huddersfield

West Yorkshire

HD2 1HJ

REGISTERED NUMBER:

07874145 (England and Wales)

ACCOUNTANTS:

SMH Sheards

Vernon House

40 New North Road

Huddersfield

West Yorkshire

HD1 5LS

FIXED ASSETS

Tangible assets

4

734

449

Investments

5

2

2

Investment property

6

325,000

325,000

325,736

325,451

CURRENT ASSETS

Debtors

7

231,129

178,425

Cash at bank and in hand

16,705

24,943

247,834

203,368

CREDITORS

Amounts falling due within one year

8

(151,213

)

(162,581

)

NET CURRENT ASSETS

96,621

40,787

TOTAL ASSETS LESS CURRENT LIABILITIES

422,357

366,238

PROVISIONS FOR LIABILITIES

9

(81,250

)

(81,250

)

NET ASSETS

341,107

284,988

RESERVES

Non distributable reserve

10

243,750

243,750

Income and expenditure account

97,357

41,238

341,107

284,988

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 September 2025 and were signed on its behalf by:

Mrs N E Pinnock-Hamilton - Director

1.	STATUTORY INFORMATION

Local Services 2 You Limited is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Grant income represents amounts received, less amounts received for future periods, which are carried forward to future periods as deferred income. Grants received for the purchase of fixed assets are treated as deferred income and amortised to the profit and loss account in accordance with the depreciation policy for those assets.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on cost and Straight line over 3 years

Government grants

Government grants relating to revenue are recognised in the profit and loss account on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate.

Income from such grants is recognised only when there is reasonable assurance that the entity will comply with the conditions attached to the grant and that the grant will be received. Grants of this nature are presented as part of income in the profit and loss account, either separately under a specific heading or included within other income, depending on the nature and materiality of the grant.

Where grant income is received in advance of meeting the related conditions or incurring the related expenditure, it is initially recognised as deferred income within creditors on the balance sheet and released to profit and loss over the period in which the qualifying expenditure is recognised. Where a grant becomes receivable as compensation for expenses or losses already incurred, or to provide immediate financial support with no future related costs, it is recognised as income in the period in which it becomes receivable, provided all other recognition criteria are met.

Government grants are measured at the fair value of the income receivable.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in surplus or deficit.

Financial instruments

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include trader debtors, amounts owed by group undertakings and cash and bank balances, are initially measured at transaction price including transaction costs.

Financial assets, are assessed for indicators of impairment at each balance sheet date, with any impairment losses being recognised in profit or loss. If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed in profit or loss.

Financial liabilities are classified depending on the substance of the contractual arrangements entered into.

Basic financial liabilities, including trade and other creditors, accruals and amounts owed to group undertakings, are initially recognised at transaction price.

Financial assets and liabilities are derecognised when the company's contractual obligations are settled, cancelled or they expire.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2024 - 12 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

13,704

Additions

453

At 31 March 2025

14,157

DEPRECIATION

At 1 April 2024

13,255

Charge for year

168

At 31 March 2025

13,423

NET BOOK VALUE

At 31 March 2025

734

At 31 March 2024

449

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2024

and 31 March 2025

2

NET BOOK VALUE

At 31 March 2025

2

At 31 March 2024

2

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

325,000

NET BOOK VALUE

At 31 March 2025

325,000

At 31 March 2024

325,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2025

325,000

Investment properties were valued on an open market basis on 31 March 2025 by the directors .

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

86,117

89,921

Amounts owed by group undertakings

141,822

87,397

Other debtors

3,190

1,107

231,129

178,425

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

20,155

3,643

Taxation and social security

4,406

3,201

Other creditors

126,652

155,737

151,213

162,581

9.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

81,250

81,250

Deferred

tax

£

Balance at 1 April 2024

81,250

Balance at 31 March 2025

81,250

10.

RESERVES

Non

distributable

reserve

£

At 1 April 2024

and 31 March 2025

243,750

11.	RELATED PARTY DISCLOSURES

The balance owed by LS2Y Community Services Ltd at the end of the year was £70,555 (2024: £50,555).

The balance owed by LS2Y Nurseries Ltd at the end of the year was £71,267 (2024: £36,842).

All loans are interest free and repayable on demand.

12.	ULTIMATE CONTROLLING PARTY

The company is controlled by the Board of directors.

13.	LIMITED BY GUARANTEE

Local Services 2 You Limited is a company limited by guarantee and accordingly does not have share capital.

The liability of each member is limited to £1, being the amount that each member undertakes to contribute to the assets of the company in the event of its being wound up while they are a member, or within one year after they cease to be a member for:

a)

payment of the company's debts and liabilities contracted before they cease to be a member

b)

payment of the costs, charges and expenses of winding up, and

c)

adjustment of the rights of the contributories among themselves