Registration number: 13610307

Lucid Development Limited

Contents

Company Information	1
Accountants' Report	2
Balance Sheet	3
Notes to the Unaudited Financial Statements	4 to 7

Lucid Development Limited

Company Information

Director

Mr Julian Allen

Registered office

C/o HMB Accountants 18A Manor Way Belasis Hall Technology Park Billingham Durham TS23 4HN

Accountants

HMB Accountants Limited 18a Manor Way Belasis Hall Technology Park Billingham TS23 4HN

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Lucid Development Limited
for the Year Ended 31 December 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Lucid Development Limited for the year ended 31 December 2024 as set out on pages 3 to 7 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Lucid Development Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Lucid Development Limited and state those matters that we have agreed to state to the Board of Directors of Lucid Development Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Lucid Development Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Lucid Development Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Lucid Development Limited. You consider that Lucid Development Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Lucid Development Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

HMB Accountants Limited
18a Manor Way
Belasis Hall Technology Park
Billingham
TS23 4HN

29 September 2025

Lucid Development Limited

(Registration number: 13610307)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	4	28,479	37,973
Creditors: Amounts falling due within one year	5	(32,301)	(29,665)
Net (liabilities)/assets		(3,822)	8,308
Capital and reserves
Called up share capital	6	100	100
Retained earnings		(3,922)	8,208
Shareholders' (deficit)/funds		(3,822)	8,308

For the financial 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.

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 29 September 2025
 

......................................... Mr Julian Allen Director

Lucid Development Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1	General information

The company is a private company limited by share capital, incorporated in England and wales.

The address of its registered office is:
C/o HMB Accountants 18A Manor Way
Belasis Hall Technology Park
Billingham
Durham
TS23 4HN
England

These financial statements were authorised for issue by the director on 29 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.

Tangible assets

Tangible assets are stated in the balance sheet 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
Motor vehicle	25% reducing balance
Computer equipment	25% 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.

Lucid Development Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

Lucid Development Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

4	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 January 2024	2,270	73,437	75,707
At 31 December 2024	2,270	73,437	75,707
Depreciation
At 1 January 2024	1,135	36,599	37,734
Charge for the year	284	9,210	9,494
At 31 December 2024	1,419	45,809	47,228
Carrying amount
At 31 December 2024	851	27,628	28,479
At 31 December 2023	1,135	36,838	37,973

5

Creditors

Creditors: amounts falling due within one year

	2024 £	2023 £
Due within one year
Taxation and social security	6,614	6,172
Accruals and deferred income	2,347	1,397
Other creditors	23,340	22,096
	32,301	29,665

6	Share capital

Allotted, called up and fully paid shares

	2024		2023
	No.	£	No.	£
Share capital of £1 each	100	100	100	100

Lucid Development Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

7

Dividends

Final dividends paid

		2024 £		2023 £
Final dividend of Nil per each Ordinary		-		-