REGISTERED NUMBER: SC793398 (Scotland)

LCSS Limited

Financial Statements For The Period 1 January 2025 to 31 March 2026

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

I Lumsden

REGISTERED OFFICE:

Tomachlaven

Glenlivet

Ballindalloch

Moray

AB37 9DR

REGISTERED NUMBER:

SC793398 (Scotland)

ACCOUNTANTS:

The Long Partnership

Park House Centre

South Street

Elgin

IV30 1JB

FIXED ASSETS

Tangible assets

4

-

1,485

CURRENT ASSETS

Debtors

5

-

4,625

Cash at bank

34,006

20,490

34,006

25,115

CREDITORS

Amounts falling due within one year

6

9,366

14,068

NET CURRENT ASSETS

24,640

11,047

TOTAL ASSETS LESS CURRENT LIABILITIES

24,640

12,532

PROVISIONS FOR LIABILITIES

7

-

282

NET ASSETS

24,640

12,250

CAPITAL AND RESERVES

Called up share capital

8

1

1

Retained earnings

9

24,639

12,249

SHAREHOLDERS' FUNDS

24,640

12,250

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 profit or loss 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 director and authorised for issue on 27 May 2026 and were signed by:

I Lumsden - Director

1.	STATUTORY INFORMATION

LCSS Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover

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

Tangible fixed assets

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

Equipment

-

20% on reducing balance

Taxation

Taxation for the period 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 period 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 period was 2 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Equipment

£

COST

At 1 January 2025

1,564

Additions

1,932

Disposals

(3,496

)

At 31 March 2026

-

DEPRECIATION

At 1 January 2025

79

Charge for period

768

Eliminated on disposal

(847

)

At 31 March 2026

-

NET BOOK VALUE

At 31 March 2026

-

At 31 December 2024

1,485

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.12.24

£

£

Trade debtors

-

4,625

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.12.24

£

£

Taxation and social security

6,720

12,691

Other creditors

2,646

1,377

9,366

14,068

7.	PROVISIONS FOR LIABILITIES

31.3.26

31.12.24

£

£

Deferred tax

-

282

Deferred

tax

£

Balance at 1 January 2025

282

Provided during period

(282

)

Balance at 31 March 2026

-

8.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

31.3.26

31.12.24

value:

£

£

1

Ordinary shares

£1

1

1

9.

RESERVES

Retained

earnings

£

At 1 January 2025

12,249

Profit for the period

20,390

Dividends

(8,000

)

At 31 March 2026

24,639

10.	RELATED PARTY DISCLOSURES

During the period, total dividends of £8,000 were paid to the director .

I Lumsden

is a director of the company

Included in other creditors is an interest free directors loan. There are no repayment terms.

31.3.26

31.12.24

£

£

Amount due to related party at the balance sheet date

17

178

11.	ULTIMATE CONTROLLING PARTY

The controlling party is I Lumsden.