LCD (Liquid Crystal Design) Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 06763470

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		3,060		3,165

			3,060		3,165
CURRENT ASSETS
Debtors	5	109,119		132,860
Cash at bank and in hand		31		3

		109,150		132,863
Creditors: Amounts Falling Due Within One Year	6	(102,457 )		(94,145 )

NET CURRENT ASSETS (LIABILITIES)			6,693		38,718

TOTAL ASSETS LESS CURRENT LIABILITIES			9,753		41,883

PROVISIONS FOR LIABILITIES
Deferred Taxation			(765 )		(601 )

NET ASSETS			8,988		41,282

CAPITAL AND RESERVES
Called up share capital	7		2		2
Profit and Loss Account			8,986		41,280

SHAREHOLDERS' FUNDS			8,988		41,282

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LCD (Liquid Crystal Design) Limited

Balance Sheet (continued)

As At 31 March 2026

For the year ending 31 March 2026 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

I R Laing

Director

23/06/2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

LCD (Liquid Crystal Design) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06763470 . The registered office is No. 11 Riverside, Riverside Park, Farnham, Surrey, GU9 7UG.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover represents amounts receivable for design services net of VAT.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	25% Straight line
Fixtures & Fittings	25% Straight line
Computer Equipment	25% Straight line

2.4. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.5. Pensions

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations.

The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

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LCD (Liquid Crystal Design) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

2.6. Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.

2.7. Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty or notice of not more than 24 hours.

2.8. Trade and other creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 5 (2025: 5)

4. Tangible Assets

	Plant & Machinery	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 April 2025	7,188	6,765	14,897	28,850
Additions	-	-	2,123	2,123

As at 31 March 2026	7,188	6,765	17,020	30,973

Depreciation
As at 1 April 2025	7,188	4,873	13,624	25,685
Provided during the period	-	1,030	1,198	2,228

As at 31 March 2026	7,188	5,903	14,822	27,913

Net Book Value
As at 31 March 2026	-	862	2,198	3,060

As at 1 April 2025	-	1,892	1,273	3,165

5. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	86,412	117,864
Prepayments and accrued income	15,825	8,114
Other debtors	6,882	6,882

	109,119	132,860

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LCD (Liquid Crystal Design) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

6. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	9,955	108
Bank loans and overdrafts	17,874	24,476
Other taxes and social security	70,253	66,454
Other creditors	681	680
Accruals and deferred income	2,680	2,410
Directors' loan accounts	1,014	17

	102,457	94,145

7. Share Capital

	2026	2025
Allotted, called up but not fully paid	£	£
2 Ordinary Shares of £ 1.00 each	2	2

8. Pension Commitments

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. Contributions of £681 (2025: £680) were payable at the balance sheet date.

9. Related Party Transactions

At the Balance Sheet date the company owed £1,014 (2025: £17) to the directors.

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