Company Registration No. 04252588 (England and Wales)
LANE FINANCIAL MANAGEMENT LIMITED
Unaudited accounts
for the year ended 31 August 2023
LANE FINANCIAL MANAGEMENT LIMITED
Unaudited accounts
Contents
LANE FINANCIAL MANAGEMENT LIMITED
Company Information
for the year ended 31 August 2023
Directors
Carl Rivers
Shelley Rivers
James Rivers
Company Number
04252588 (England and Wales)
Registered Office
Denmark House
143 High Street
Chalfont St Peter
Bucks
SL9 9QL
United Kingdom
Accountants
Lane Accounting Limited
Denmark House
143 High Street
Chalfont St Peter
Buckinghamshire
SL9 9QL
LANE FINANCIAL MANAGEMENT LIMITED
Statement of financial position
as at 31 August 2023
Tangible assets
30,485
326
Cash at bank and in hand
147,669
39,718
Creditors: amounts falling due within one year
(82,876)
-
Net current assets
168,193
43,118
Total assets less current liabilities
198,678
43,444
Creditors: amounts falling due after more than one year
(53,000)
-
Provisions for liabilities
Called up share capital
160
100
Capital contribution reserve
80,135
-
Profit and loss account
49,690
33,361
Shareholders' funds
139,885
43,361
For the year ending 31 August 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 directors acknowledge their 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 of Directors and authorised for issue on 28 September 2023 and were signed on its behalf by
Carl Rivers
Director
Company Registration No. 04252588
LANE FINANCIAL MANAGEMENT LIMITED
Notes to the Accounts
for the year ended 31 August 2023
LANE FINANCIAL MANAGEMENT LIMITED is a private company, limited by shares, registered in England and Wales, registration number 04252588. The registered office is Denmark House , 143 High Street, Chalfont St Peter, Bucks, SL9 9QL, United Kingdom.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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:
Fixtures & fittings
25% per annum of cost
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.
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.
LANE FINANCIAL MANAGEMENT LIMITED
Notes to the Accounts
for the year ended 31 August 2023
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 September 2022
-
34,331
-
34,331
Additions
23,645
5,159
8,508
37,312
At 31 August 2023
23,645
39,490
8,508
71,643
At 1 September 2022
-
34,005
-
34,005
Charge for the year
2,365
2,661
2,127
7,153
At 31 August 2023
2,365
36,666
2,127
41,158
At 31 August 2023
21,280
2,824
6,381
30,485
At 31 August 2022
-
326
-
326
Amounts falling due within one year
Other debtors
103,400
3,400
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
82,876
-
7
Creditors: amounts falling due after more than one year
2023
2022
Allotted, called up and fully paid:
150 Ordinary shares of £1 each
150
100
10 B Ordinary shares of £1 each
10
-
Shares issued during the period:
50 Ordinary shares of £1 each
50
10 B Ordinary shares of £1 each
10
9
Capital contribution reserve
In the year the company merged with CPR Financial Management Limited. It's assets and reserves were incorporated in the company
LANE FINANCIAL MANAGEMENT LIMITED
Notes to the Accounts
for the year ended 31 August 2023
10
Transactions with related parties
During the year the company merged with CPR Financial Management Ltd in an all share transaction. The assets and reserves of CPR Financial Management Ltd were incorporated into the accounts at their Net Present Values. Carl Rivers was a director of both companies.
11
Average number of employees
During the year the average number of employees was 4 (2022: 2).