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REGISTERED NUMBER: 06463536 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 January 2023

for

LANNON SMITH ASSOCIATES LTD.

LANNON SMITH ASSOCIATES LTD. (REGISTERED NUMBER: 06463536)






Contents of the Financial Statements
for the Year Ended 31 January 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


LANNON SMITH ASSOCIATES LTD.

Company Information
for the Year Ended 31 January 2023







DIRECTORS: R D Smith
H L F Lannon Smith





SECRETARY: H L F Lannon Smith





REGISTERED OFFICE: 25 Bluestone Drive
Stockport
SK4 3PX





REGISTERED NUMBER: 06463536 (England and Wales)





ACCOUNTANTS: Profit Counts Limited
13 Glasgow Road
Paisley
Renfrewshire
PA1 3QS

LANNON SMITH ASSOCIATES LTD. (REGISTERED NUMBER: 06463536)

Abridged Balance Sheet
31 January 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 607 911

CURRENT ASSETS
Debtors 9,290 11,040
Cash at bank 8,845 10,105
18,135 21,145
CREDITORS
Amounts falling due within one year (15,004 ) (16,915 )
NET CURRENT ASSETS 3,131 4,230
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,738

5,141

PROVISIONS FOR LIABILITIES (115 ) (173 )
NET ASSETS 3,623 4,968

CAPITAL AND RESERVES
Called up share capital 5 100 100
Retained earnings 3,523 4,868
SHAREHOLDERS' FUNDS 3,623 4,968

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 January 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 and authorised for issue on 18 October 2023 and were signed on its behalf by:





R D Smith - Director


LANNON SMITH ASSOCIATES LTD. (REGISTERED NUMBER: 06463536)

Notes to the Financial Statements
for the Year Ended 31 January 2023

1. STATUTORY INFORMATION

Lannon Smith Associates Ltd. 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is stated net of VAT and trade discounts. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due. Where the contract has only been partially completed at the balance sheet date turnover represents the value of the service provided to date based on a proportion of the total contract value. Where payments are received from customers in advance of services provided, the amounts are recorded as Deferred Income and included as part of Creditors due within one year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on cost

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

LANNON SMITH ASSOCIATES LTD. (REGISTERED NUMBER: 06463536)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 February 2022 7,117
Disposals (2,766 )
At 31 January 2023 4,351
DEPRECIATION
At 1 February 2022 6,206
Charge for year 304
Eliminated on disposal (2,766 )
At 31 January 2023 3,744
NET BOOK VALUE
At 31 January 2023 607
At 31 January 2022 911

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary Shares £1 100 100

6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at 31 January 2023 the company owed the Directors £511 (2022: £180)