Company Registration No. 06183615 (England and Wales)
LCL & Recruit Limited
Unaudited accounts
for the year ended 30 June 2023
LCL & Recruit Limited
Unaudited accounts
Contents
LCL & Recruit Limited
Company Information
for the year ended 30 June 2023
Company Number
06183615 (England and Wales)
Registered Office
1 Ferndale Drive
Moorends
Doncaster
DN8 4SE
LCL & Recruit Limited
Statement of financial position
as at 30 June 2023
Tangible assets
4,136
2,006
Cash at bank and in hand
110,068
20,477
Creditors: amounts falling due within one year
(197,928)
(77,979)
Net current assets
125,648
49,411
Total assets less current liabilities
129,784
51,417
Provisions for liabilities
Called up share capital
1,000
1,000
Profit and loss account
127,949
50,036
Shareholders' funds
128,949
51,036
For the year ending 30 June 2023 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 director acknowledges his 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 and authorised for issue on 23 October 2023 and were signed on its behalf by
Mr K Barton
Director
Company Registration No. 06183615
LCL & Recruit Limited
Notes to the Accounts
for the year ended 30 June 2023
LCL & Recruit Limited is a private company, limited by shares, registered in England and Wales, registration number 06183615. The registered office is 1 Ferndale Drive, Moorends, Doncaster, DN8 4SE.
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.
These financial statements for the year ended 30 June 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 July 2021.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
Plant & machinery
25% Straight Line
Computer equipment
33% Straight Line
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
LCL & Recruit Limited
Notes to the Accounts
for the year ended 30 June 2023
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 July 2022
-
4,796
4,796
At 30 June 2023
4,972
4,796
9,768
At 1 July 2022
-
2,790
2,790
Charge for the year
1,243
1,599
2,842
At 30 June 2023
1,243
4,389
5,632
At 30 June 2023
3,729
407
4,136
At 30 June 2022
-
2,006
2,006
Amounts falling due within one year
Trade debtors
138,349
74,634
Accrued income and prepayments
1,938
1,816
Other debtors
73,221
30,463
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
93,748
24,170
Other creditors
5,135
6,238
Loans from directors
4,198
3,620
7
Deferred taxation
2023
2022
Accelerated capital allowances
835
381
Provision at start of year
381
-
Charged to the profit and loss account
454
381
Provision at end of year
835
381
LCL & Recruit Limited
Notes to the Accounts
for the year ended 30 June 2023
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000
1,000
9
Average number of employees
During the year the average number of employees was 22 (2022: 23).
