1 May 2024 false No description of principal activity Taxfiler 2024.6 10718088 business:PrivateLimitedCompanyLtd 2024-05-01 2025-04-30 10718088 2024-04-30 10718088 2024-05-01 2025-04-30 10718088 business:AuditExempt-NoAccountantsReport 2024-05-01 2025-04-30 10718088 business:FilletedAccounts 2024-05-01 2025-04-30 10718088 2025-04-30 10718088 business:Director1 2024-05-01 2025-04-30 10718088 business:Director2 2024-05-01 2025-04-30 10718088 business:RegisteredOffice 2024-05-01 2025-04-30 10718088 2024-04-30 10718088 core:WithinOneYear 2025-04-30 10718088 core:WithinOneYear 2024-04-30 10718088 core:ShareCapital core:PreviouslyStatedAmount 2025-04-30 10718088 core:ShareCapital core:PreviouslyStatedAmount 2024-04-30 10718088 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2025-04-30 10718088 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2024-04-30 10718088 core:PreviouslyStatedAmount 2025-04-30 10718088 core:PreviouslyStatedAmount 2024-04-30 10718088 business:SmallEntities 2024-05-01 2025-04-30 10718088 countries:EnglandWales 2024-05-01 2025-04-30 10718088 core:MotorVehicles 2024-05-01 2025-04-30 10718088 core:ComputerEquipment 2024-05-01 2025-04-30 10718088 core:MotorVehicles 2024-04-30 10718088 core:ComputerEquipment 2024-04-30 10718088 core:MotorVehicles 2025-04-30 10718088 core:ComputerEquipment 2025-04-30 10718088 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure
Company Registration No. 10718088 (England and Wales)
LUCID INVESTMENT GROUP LTD Unaudited accounts for the year ended 30 April 2025
LUCID INVESTMENT GROUP LTD Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
LUCID INVESTMENT GROUP LTD Company Information for the year ended 30 April 2025
Directors
Lee Merchant Lesley Merchant
Company Number
10718088 (England and Wales)
Registered Office
27 Registry Close Northwich Cheshire CW9 8UZ England
Accountants
Taxez 5 South Charlotte Street Edinburgh EH2 4AN
- 3 -
LUCID INVESTMENT GROUP LTD Statement of financial position as at 30 April 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
34,254
45,427
Current assets
Cash at bank and in hand
106,012
22,671
Creditors: amounts falling due within one year
5
(134,630)
(167,331)
Net current liabilities
(28,618)
(144,660)
Net assets/(liabilities)
5,636
(99,233)
Capital and reserves
Called up share capital
2
2
Profit and loss account
5,634
(99,235)
Shareholders' funds
5,636
(99,233)
For the year ending 30 April 2025 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 directors acknowledge their 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 of Directors and authorised for issue on 4 November 2025 and were signed on its behalf by
Lee Merchant Director Company Registration No. 10718088
- 4 -
LUCID INVESTMENT GROUP LTD Notes to the Accounts for the year ended 30 April 2025
1
Statutory information
LUCID INVESTMENT GROUP LTD is a private company, limited by shares, registered in England and Wales, registration number 10718088. The registered office is 27 Registry Close, Northwich, Cheshire, CW9 8UZ, England.
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:
Motor vehicles
25% Straight Line
Computer equipment
25% Straight Line
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 May 2024
61,070
4,368
65,438
Additions
-
6,271
6,271
At 30 April 2025
61,070
10,639
71,709
Depreciation
At 1 May 2024
17,468
2,543
20,011
Charge for the year
15,268
2,176
17,444
At 30 April 2025
32,736
4,719
37,455
Net book value
At 30 April 2025
28,334
5,920
34,254
At 30 April 2024
43,602
1,825
45,427
- 5 -
LUCID INVESTMENT GROUP LTD Notes to the Accounts for the year ended 30 April 2025
5
Creditors: amounts falling due within one year
2025
2024
£
£
Taxes and social security
(418)
63
Loans from directors
134,599
166,909
Accruals
449
359
134,630
167,331
6
Average number of employees
During the year the average number of employees was 2 (2024: 2).
- 6 -