LCS Security Limited - Accounts to registrar (filleted) - small 18.1
LCS Security Limited - Accounts to registrar (filleted) - small 18.1
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 30 June 2017 |
| for |
| LCS Security Limited |
| LCS Security Limited (Registered number: 04460787) |
| Contents of the Financial Statements |
| for the Year Ended 30 June 2017 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| LCS Security Limited |
| Company Information |
| for the Year Ended 30 June 2017 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Balfour House, Suite 206 |
| 741 High Road |
| North Finchley |
| London |
| N12 0BP |
| LCS Security Limited (Registered number: 04460787) |
| Balance Sheet |
| 30 June 2017 |
| 2017 | 2016 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings | 8 | ( |
) | ( |
) |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the Board of Directors on |
| LCS Security Limited (Registered number: 04460787) |
| Notes to the Financial Statements |
| for the Year Ended 30 June 2017 |
| 1. | STATUTORY INFORMATION |
| LCS Security Limited is a |
| registered number and registered office address can be found on the Company Information page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
| value added tax and other sales taxes. |
| Tangible fixed assets |
| Motor vehicles | - |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the |
| lease. |
| 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. |
| Going concern |
| The validity of the going concern basis of preparation is dependant on continued financial support from the |
| companys' directors, bankers and other creditors and on the ability of the company to continue trading. Should |
| the directors, bankers and other creditors withdraw their support and the company be unable to continue trading, |
| adjustments would have to be made to reduce the value of assets to their recoverable amounts, to provide for any |
| further liabilities that might arise and re-classify fixed assets as current assets. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Motor |
| vehicles |
| £ |
| COST |
| At 1 July 2016 |
| and 30 June 2017 |
| DEPRECIATION |
| At 1 July 2016 |
| Charge for year |
| At 30 June 2017 |
| NET BOOK VALUE |
| At 30 June 2017 |
| At 30 June 2016 |
| LCS Security Limited (Registered number: 04460787) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 June 2017 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Trade debtors |
| Amounts owed by group undertakings |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Amounts owed to group undertakings |
| Social security and other taxes |
| Other creditors |
| Accruals and deferred income |
| 7. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2017 | 2016 |
| £ | £ |
| Bank overdrafts |
| The bank overdraft is secured by a fixed and floating charge dated 27th March 2008 over the assets of the |
| company. |
| 8. | RESERVES |
| Retained |
| earnings |
| £ |
| At 1 July 2016 | ( |
) |
| Profit for the year |
| At 30 June 2017 | ( |
) |
| 9. | RELATED PARTY DISCLOSURES |
| Paragon Risk Limited |
| During the year the company purchased £47,438 services (2016: £34,762) from Paragon Risk Limited. The |
| director P Williams has an interest in the company. |
| LCS Security Group Limited |
| During the year the company purchased £55,202 services (2016: £143,480) from LCS Security Group Limited. |
| The director's P Williams and S Harper have an interest in that company. As at 30th June 2017 £29,721was owed |
| from LCS Security Group Limited. As at 30th June 2016 £17,000 was owed to LCS Security Group Limited |
| LCS Security Limited (Registered number: 04460787) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 June 2017 |
| 10. | ULTIMATE CONTROLLING PARTY |
| On the 21st October 2016 LCS Security Group Limited acquired 100% of the issued share capital of LCS |
| Security Limited. LCS Security Group Limited is a private Limited Company registered in England.. |
| The ultimate controlling parties of LCS Security Limited are S Harper and P Williams who each hold 50% of the |
| issued share capital of LCS Security Group Limited. |