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COMPANY REGISTRATION NUMBER: 13306594
LHH CONSULTING LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 March 2023
LHH CONSULTING LIMITED
FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2023
Contents
Pages
Balance sheet 1
Notes to the financial statements 2 to 4
LHH CONSULTING LIMITED
BALANCE SHEET
31 March 2023
2023
2022
Note
£
£
Fixed assets
Tangible assets
5
16,945
13,806
Current assets
Debtors
6
16,630
29,258
Cash at bank and in hand
22,383
42,194
------------
------------
39,013
71,452
Creditors: amounts falling due within one year
7
( 33,806)
( 32,469)
------------
------------
Net current assets
5,207
38,983
------------
------------
Total assets less current liabilities
22,152
52,789
Provisions
( 4,236)
------------
------------
Net assets
17,916
52,789
------------
------------
Capital and reserves
Called up share capital
9
100
100
Profit and loss account
17,816
52,689
------------
------------
Shareholders funds
17,916
52,789
------------
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 15 June 2023 , and are signed on behalf of the board by:
Mr L J Huggett
Director
Company registration number: 13306594
LHH CONSULTING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 10 Highfield Close, Fixby, Huddersfield, West Yorkshire, HD2 2GN.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Office equipment
-
15% reducing balance
Computer equipment
-
33% straight line
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the balance sheet and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either 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.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2022: 2 ).
5. Tangible assets
Office equipment
Computer Equipment
Total
£
£
£
Cost
At 1 April 2022
1,140
19,255
20,395
Additions
2,869
10,896
13,765
------------
------------
------------
At 31 March 2023
4,009
30,151
34,160
------------
------------
------------
Depreciation
At 1 April 2022
171
6,418
6,589
Charge for the year
576
10,050
10,626
------------
------------
------------
At 31 March 2023
747
16,468
17,215
------------
------------
------------
Carrying amount
At 31 March 2023
3,262
13,683
16,945
------------
------------
------------
At 31 March 2022
969
12,837
13,806
------------
------------
------------
6. Debtors
2023
2022
£
£
Trade debtors
16,500
28,930
Other debtors
130
328
------------
------------
16,630
29,258
------------
------------
7. Creditors: amounts falling due within one year
2023
2022
£
£
Corporation tax
25,121
21,291
Social security and other taxes
6,117
5,720
Director loan accounts
2,568
5,458
------------
------------
33,806
32,469
------------
------------
8. Deferred tax
The deferred tax included in the balance sheet is as follows:
2023
2022
£
£
Included in provisions
4,236
------------
------------
9. Called up share capital
Issued, called up and fully paid
2023
2022
No.
£
No.
£
Ordinary shares of £ 1 each
100
100
100
100
------------
------------
------------
------------
10. Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:
2023
2022
£
£
Later than 1 year and not later than 5 years
19,858
------------
------------
11. Related party transactions
The directors' loan of £2,568 (2022 £5,458) as set out above is unsecured, repayable on demand and currently interest free. The company is controlled by the directors.