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Registration number: SC686569

Lewerin Consulting Limited

Annual Report and Unaudited Financial Statements

for the Period from 20 January 2021 to 31 January 2022

 

Lewerin Consulting Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

Lewerin Consulting Limited

Company Information

Director

Mr S Darling

Registered office

 

Argyll House
Quarrywood Court
Livingston
West Lothian
EH54 6AX

 

Lewerin Consulting Limited

(Registration number: SC686569)
Balance Sheet as at 31 January 2022

Note

2022
£

Current assets

 

Debtors

4

60

Cash at bank and in hand

 

29,903

 

29,963

Creditors: Amounts falling due within one year

5

(9,927)

Net assets

 

20,036

Capital and reserves

 

Called up share capital

6

100

Retained earnings

19,936

Shareholders' funds

 

20,036

 

Lewerin Consulting Limited

(Registration number: SC686569)
Balance Sheet as at 31 January 2022

For the financial period ending 31 January 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the Sections 386 and 387 of the Companies Act 2006 with respect to accounting records and the preparation of the 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.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 7 September 2022
 

.........................................
Mr S Darling
Director

 

Lewerin Consulting Limited

Notes to the Unaudited Financial Statements for the Period from 20 January 2021 to 31 January 2022

1

General information

The company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
Argyll House
Quarrywood Court
Livingston
West Lothian
EH54 6AX

These financial statements were authorised for issue by the director on 7 September 2022.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

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. There were no material departures from that standard.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentation currency of the financial statements is the Pound Sterling (£).

Revenue recognition

Turnover comprises the fair value of the consideration derived from management consultancy activities other than financial management. Turnover is shown net of sales/value added tax, returns, rebates and discounts and after eliminating sales within the company.

Tax

The tax expense for the period comprises current tax. Tax is recognised in the profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

 

Lewerin Consulting Limited

Notes to the Unaudited Financial Statements for the Period from 20 January 2021 to 31 January 2022

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

At the balance sheet date, the company reviews the carrying amounts of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Expenditure of £500 or more on individual tangible fixed assets is capitalised at cost. Expenditure on assets below this threshold is charged directly to the profit and loss account in the period it is incurred.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period was 1.

4

Debtors

2022
£

Other debtors

60

60

 

Lewerin Consulting Limited

Notes to the Unaudited Financial Statements for the Period from 20 January 2021 to 31 January 2022

5

Creditors

Creditors: amounts falling due within one year

2022
£

Due within one year

Taxation and social security

7,350

Accruals and deferred income

1,000

Other creditors

1,577

9,927

6

Share capital

Allotted, called up and fully paid shares

 

2022

 

No.

£

Ordinary Shares of £100 each

40

4,000

     
 

Lewerin Consulting Limited

Notes to the Unaudited Financial Statements for the Period from 20 January 2021 to 31 January 2022

7

Related party transactions

The company operates a loan account with the director, Mr S Darling.
At the year end, the balance due to the director was £1,577. This loan is unsecured, interest free and has no fixed repayment terms.