LCB Limited - Filleted accounts

LCB Limited - Filleted accounts

L C B LIMITED - Company Information

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Registered number
04659723
LCB Limited
Filleted Accounts
31 March 2022
LCB Limited
Registered number: 04659723
Balance Sheet
as at 31 March 2022
Notes 2022 2021
£ £
Fixed assets
Intangible assets 3 12,000 16,000
Tangible assets 4 364 485
12,364 16,485
Current assets
Debtors 5 1,841 4,088
Cash at bank and in hand 20,421 34,942
22,262 39,030
Creditors: amounts falling due within one year 6 (31,544) (44,786)
Net current liabilities (9,282) (5,756)
Net assets 3,082 10,729
Capital and reserves
Called up share capital 10 10
Profit and loss account 3,072 10,719
Shareholders' funds 3,082 10,729
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Linda Buckland ATT
Director
Approved by the board on 10 October 2022
LCB Limited
Notes to the Accounts
for the year ended 31 March 2022
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover includes revenue earned from the rendering of services and is recognised by reference to the stage of completion of the contract.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings and equipment 25% reducing balance basis
Taxation
No provision has been made for deferred taxation as in the opinion of the directors there is a reasonable probability of the tax not falling due for payment in the foreseeable future.
2 Employees 2022 2021
Number Number
Average number of persons employed by the company 2 2
3 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2021 40,000
At 31 March 2022 40,000
Amortisation
At 1 April 2021 24,000
Provided during the year 4,000
At 31 March 2022 28,000
Net book value
At 31 March 2022 12,000
At 31 March 2021 16,000
Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.
4 Tangible fixed assets
Fixtures, fittings and equipment
£
Cost
At 1 April 2021 1,363
At 31 March 2022 1,363
Depreciation
At 1 April 2021 878
Charge for the year 121
At 31 March 2022 999
Net book value
At 31 March 2022 364
At 31 March 2021 485
5 Debtors 2022 2021
£ £
Trade debtors 1,706 3,953
Work in progress 135 135
1,841 4,088
6 Creditors: amounts falling due within one year 2022 2021
£ £
Taxation and social security costs 3,378 5,013
Directors' loan account 28,166 39,773
31,544 44,786
7 Other information
LCB Limited is a private company limited by shares and incorporated in England. Its registered office is:
30 Fairway Meadows
Ullesthorpe
Lutterworth
Leicestershire
LE17 5DY
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