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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
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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
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LANE FINANCIAL MANAGEMENT LIMITED Statement of financial position as at 31 August 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
30,485 
326 
Current assets
Debtors
103,400 
3,400 
Cash at bank and in hand
147,669 
39,718 
251,069 
43,118 
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
Deferred tax
(5,793)
(83)
Net assets
139,885 
43,361 
Capital and reserves
Called up share capital
160 
100 
Share premium
9,900 
9,900 
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
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LANE FINANCIAL MANAGEMENT LIMITED Notes to the Accounts for the year ended 31 August 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
Pension costs
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 taxation
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.
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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 
Depreciation
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 
Net book value
At 31 August 2023
21,280 
2,824 
6,381 
30,485 
At 31 August 2022
- 
326 
- 
326 
5
Debtors
2023 
2022 
£ 
£ 
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 
£ 
£ 
Other creditors
53,000 
- 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
150 Ordinary shares of £1 each
150 
100 
10 B Ordinary shares of £1 each
10 
- 
160 
100 
Shares issued during the period:
50 Ordinary shares of £1 each
50 
10 B Ordinary shares of £1 each
10 
60 
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
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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).
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