LCCI Services Limited - Accounts to registrar (filleted) - small 18.2

LCCI Services Limited - Accounts to registrar (filleted) - small 18.2


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REGISTERED NUMBER: 10334634(England and Wales)













Financial Statements

for the Year Ended 31 March 2018

for

LCCI Services Limited

LCCI Services Limited (Registered number: 10334634)






Contents of the Financial Statements
for the Year Ended 31 March 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LCCI Services Limited

Company Information
for the Year Ended 31 March 2018







DIRECTORS: Mr J H Crosby
Mr I E Extance
Mr G C Headland
Mr G A Lee
Miss U F R Lidbetter
Mr S G McGarry



REGISTERED OFFICE: Commerce House
Carlton Boulevard
LINCOLN
Lincolnshire
LN2 4WJ



REGISTERED NUMBER: 10334634(England and Wales)



ACCOUNTANTS: Nicholsons
Chartered Accountants
Newland House
The Point
Weaver Road
LINCOLN
Lincolnshire
LN6 3QN



BANKERS: NatWest Bank Plc
Lincoln Smiths Branch
225 High Street
LINCOLN
Lincolnshire
LN2 1AZ

LCCI Services Limited (Registered number: 10334634)

Balance Sheet
31 March 2018

31/3/18 31/3/17
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,151,930 1,152,571

CURRENT ASSETS
Debtors 5 19,849 16,404
Cash at bank 15,051 7,324
34,900 23,728
CREDITORS
Amounts falling due within one year 6 1,079,170 1,058,857
NET CURRENT LIABILITIES (1,044,270 ) (1,035,129 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

107,660

117,442

PROVISIONS FOR LIABILITIES 20,218 30,000
NET ASSETS 87,442 87,442

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 87,441 87,441
SHAREHOLDERS' FUNDS 87,442 87,442

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006.

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.

LCCI Services Limited (Registered number: 10334634)

Balance Sheet - continued
31 March 2018


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 26 September 2018and
were signed on its behalf by:





Miss U F R Lidbetter- Director


LCCI Services Limited (Registered number: 10334634)

Notes to the Financial Statements
for the Year Ended 31 March 2018

1. STATUTORY INFORMATION

LCCI Services Limited is a private company, limited by shares, registered in England and
Wales. The company's registered number and registered office address can be found on the
Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - not provided
Plant and machinery etc - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income
Statement, except to the extent that it relates to items recognised in other comprehensive
income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that
have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not
reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in
periods different from those in which they are recognised in financial statements. Deferred
tax is measured using tax rates and laws that have been enacted or substantively enacted
by the year end and that are expected to apply to the reversal of the timing difference.

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.

LCCI Services Limited (Registered number: 10334634)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2018

2. ACCOUNTING POLICIES - continued

Financial instruments
Only basic financial instruments as defined in FRS 102 are held. Financial assets and
financial liabilities are recognised in the accounts only when the entity becomes party to the
contractual provisions of the instrument and their measurement basis is as follows:

Financial assets - trade and other debtors are basic financial instruments and are debt
instruments measured at amortised cost. Prepayments are not financial instruments.

Cash at bank is classified as a basic financial instrument and is measured at transaction
price.

Financial liabilities - trade creditors, accruals and other creditors are basic financial
instruments, and are measured at amortised cost. Where a financial liability constitutes a
financing transaction it is initially and subsequently measured at the present value of future
payments, discounted at a market rate of interest.

Rental income received
Rents receivable are recognised in the profit and loss account under Property income and
are on an accruals basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1(2017 - 1) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 April 2017
and 31 March 2018 1,150,000 2,869 1,152,869
DEPRECIATION
At 1 April 2017 - 298 298
Charge for year - 641 641
At 31 March 2018 - 939 939
NET BOOK VALUE
At 31 March 2018 1,150,000 1,930 1,151,930
At 31 March 2017 1,150,000 2,571 1,152,571

LCCI Services Limited (Registered number: 10334634)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2018

4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31 March 2018 is represented by:




Land and
buildings
Plant and
machinery
etc


Totals
£££
Valuation in 2017121,811-121,811
Cost1,028,1892,8691,031,058
1,150,0002,8691,152,869

If land and buildings had not been revalued it would be included at the following historical
cost:


31/3/1831/3/17
££
Cost1,028,1891,028,189
Aggregate Depreciation41,12820,564
Value of land in land and buildings175,000175,000


The revalued amount is what the Director's believe to be the accurate open market value.

No provision has been made for additional United Kingdom taxation of £23,144 which would
arise if the land and buildings were disposed of at their revalued amount.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/18 31/3/17
£    £   
Trade debtors 12,630 15,240
Other debtors 7,219 1,164
19,849 16,404

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/18 31/3/17
£    £   
Trade creditors 2,044 811
Amounts owed to group undertakings 1,056,047 1,034,906
Taxation and social security 4,593 3,208
Other creditors 16,486 19,932
1,079,170 1,058,857