LCC Trading & Minerals Ltd 31/03/2023 iXBRL
LCC Trading & Minerals Ltd 31/03/2023 iXBRL
Company registration number:
NI662142
Contents
Directors and other information
Directors responsibilities statement
Abridged statement of financial position
Notes to the financial statements
Directors and other information
Directors |
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Company number |
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Registered office |
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Auditor |
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79 Cunninghams Lane | ||
Dungannon | ||
Co Tyrone | ||
BT71 6BX | ||
Bankers |
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UK Wholesale Banking Operations | ||
1 Centenary Square | ||
Birmingham | ||
B1 1HQ | ||
Directors responsibilities statement
Period ended 31 March 2023
The directors are responsible for preparing the directors report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial period. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.
In preparing these financial statements, the directors are required to:
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select suitable accounting policies and then apply them consistently;
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make judgments and accounting estimates that are reasonable and prudent; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Abridged statement of financial position
31 March 2023
31/03/23 | 30/09/21 | ||||||||
Note | £ | £ | £ | £ | |||||
Fixed assets | |||||||||
Tangible assets | 4 |
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Current assets | |||||||||
Debtors |
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Cash at bank and in hand |
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Creditors: amounts falling due | |||||||||
within one year |
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Net current (liabilities)/assets |
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Total assets less current liabilities |
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Net assets |
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Capital and reserves | |||||||||
Called up share capital |
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Profit and loss account |
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Shareholder funds |
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These financial statements were approved by the
board of directors
and authorised for issue on
19 September 2023
, and are signed on behalf of the board by:
Director
Company registration number:
NI662142
Notes to the financial statements
Period ended 31 March 2023
1.
General information
The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is 16 Churchtown Road, Cookstown, Tyrone, BT80 9XD.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Impairment
Financial instruments
4.
Tangible assets
£ | ||
Cost | ||
At 1 October 2021 | - | |
Additions |
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At 31 March 2023 |
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Depreciation | ||
At 1 October 2021 and 31 March 2023 | - | |
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Carrying amount | ||
At 31 March 2023 |
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At 30 September 2021 | - | |
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5.
Summary audit opinion
The senior statutory auditor was
Alistair Cooke
for and on behalf of
ASM (D) Ltd
6.
Related party transactions
During the period the company entered into the following transactions with related parties:
Transaction value | ||
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ended | ||
31/03/23 | ||
£ | ||
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