LCC Live Event Services Ltd - Accounts to registrar (filleted) - small 18.2
LCC Live Event Services Ltd - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| LCC LIVE EVENT SERVICES LTD |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2019 |
| LCC LIVE EVENT SERVICES LTD (REGISTERED NUMBER: SC435596) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the year ended 30 November 2019 |
| Page |
| Balance Sheet | 1 | to | 2 |
| Notes to the Financial Statements | 3 | to | 5 |
| LCC LIVE EVENT SERVICES LTD (REGISTERED NUMBER: SC435596) |
| BALANCE SHEET |
| 30 November 2019 |
| 2019 | 2018 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investments | 5 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 6 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 8 | ( |
) |
| PROVISIONS FOR LIABILITIES | 9 | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Allotted, called up and fully |
| paid share capital |
| Profit and loss account - |
| distributable |
| SHAREHOLDERS' FUNDS |
| 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 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. |
| LCC LIVE EVENT SERVICES LTD (REGISTERED NUMBER: SC435596) |
| BALANCE SHEET - continued |
| 30 November 2019 |
| In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
| The financial statements were approved by the Board of Directors on |
| LCC LIVE EVENT SERVICES LTD (REGISTERED NUMBER: SC435596) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the year ended 30 November 2019 |
| 1. | STATUTORY INFORMATION |
| LCC Live Event Services Ltd is a |
| number and registered office address are as below: |
| Registered number: | SC435596 |
| Registered office: | Redwood |
| 19 Culduthel Road |
| Inverness |
| IV2 4AA |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The financial statements have been prepared in sterling, which is the functional currency of the entity. |
| Revenue recognition |
| Revenue represents net sales of services in relation to the production of concerts, and supply of event services, |
| excluding value added tax, and is recognised at the point of sale. |
| Tangible fixed assets |
| Long leasehold | - |
| Plant and machinery | - |
| Fixed assets are stated at cost, being purchase price, less accumulated depreciation. |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
| moving items. |
| Taxation |
| Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or |
| past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that |
| have been enacted or substantively enacted by the balance sheet date. |
| Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements |
| of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing |
| differences are differences between taxable profits and total comprehensive income as stated in the financial |
| statements that arise from the inclusion of income and expense in tax assessments in periods different from those in |
| which they are recognised in the financial statements. 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. |
| Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance |
| sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued, non-depreciable |
| tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of |
| the asset. |
| 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. |
| Debtors and creditors receivable/payable within one year |
| Debtors and creditors with no stated interest and receivable or payable within one year are recorded at transaction |
| price. Any losses arising from impairment are recognised in the profit and loss account in other administrative |
| expenses. |
| LCC LIVE EVENT SERVICES LTD (REGISTERED NUMBER: SC435596) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the year ended 30 November 2019 |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Long | Plant and | Motor |
| leasehold | machinery | vehicles | Totals |
| £ | £ | £ | £ |
| COST |
| At 1 December 2018 |
| Additions |
| At 30 November 2019 |
| DEPRECIATION |
| At 1 December 2018 |
| Charge for year |
| At 30 November 2019 |
| NET BOOK VALUE |
| At 30 November 2019 |
| At 30 November 2018 |
| 5. | FIXED ASSET INVESTMENTS |
| Other |
| investments |
| £ |
| COST |
| Additions |
| At 30 November 2019 |
| NET BOOK VALUE |
| At 30 November 2019 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Amounts owed to group undertakings |
| Taxation and social security |
| Other creditors |
| LCC LIVE EVENT SERVICES LTD (REGISTERED NUMBER: SC435596) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the year ended 30 November 2019 |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Bank loans |
| 9. | PROVISIONS FOR LIABILITIES |
| 2019 | 2018 |
| £ | £ |
| Deferred tax | 18,415 | 9,838 |
| Deferred |
| tax |
| £ |
| Balance at 1 December 2018 |
| Provided during the year | 8,577 |
| Balance at 30 November 2019 |
| The deferred tax balance consists of accelerated capital allowances. |
| 10. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to a director subsisted during the years ended 30 November 2019 and |
| 30 November 2018: |
| 2019 | 2018 |
| £ | £ |
| Balance outstanding at start of year | ( |
) | ( |
) |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year | ( |
) |