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Registration number: 14201527

LAM Consultancy Ltd

Annual Report and Unaudited Financial Statements

for the Period from 28 June 2022 to 30 June 2023

 

LAM Consultancy Ltd

Contents

Company Information

1

Directors' Report

2

Accountants' Report

3

Balance Sheet

4

Notes to the Unaudited Financial Statements

5 to 8

 

LAM Consultancy Ltd

Company Information

Directors

Ms Laura Ann Meneaud

Ms Rachel Marie Thorpe

Registered office

Unit 8 The Courtyard Goldsmith Way
Eliot Business Park
Nuneaton
Warwickshire
CV10 7RJ

Accountants

Pattinsons Business Services Ltd
Unit 8 The Courtyard
Goldsmith Way
Eliot Business Park
Nuneaton
Warwickshire
CV10 7RJ

 

LAM Consultancy Ltd

Directors' Report for the Period from 28 June 2022 to 30 June 2023

The directors present their report and the financial statements for the period from 28 June 2022 to 30 June 2023.

Incorporation

The company was incorporated on 28 June 2022.

Directors of the company

The directors who held office during the period were as follows:

Ms Laura Ann Meneaud (appointed 28 June 2022)

Ms Rachel Marie Thorpe (appointed 6 March 2023)

Principal activity

The principal activity of the company is that of management consultancy activities other than financial management.

Going concern

The company ceased to trade on 29 June 2023 and the financial statements have been prepared on a basis other
than that of the going concern basis as the director intends to wind up the company. This basis includes, where
applicable, writing the company’s assets down to net realisable value. No provision has been made for the future
costs of terminating the business unless such costs were committed at the reporting date.

Small companies provision statement

This report has 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.

Approved by the Board on 15 November 2023 and signed on its behalf by:

.........................................
Ms Laura Ann Meneaud
Director

 

Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
LAM Consultancy Ltd
for the Period Ended 30 June 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of LAM Consultancy Ltd for the period ended 30 June 2023 as set out on pages 4 to 8 from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of LAM Consultancy Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of LAM Consultancy Ltd and state those matters that we have agreed to state to the Board of Directors of LAM Consultancy Ltd, as a body. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than LAM Consultancy Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that LAM Consultancy Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of LAM Consultancy Ltd. You consider that LAM Consultancy Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the accounts of LAM Consultancy Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Pattinsons Business Services Ltd
Unit 8 The Courtyard
Goldsmith Way
Eliot Business Park
Nuneaton
Warwickshire
CV10 7RJ

15 November 2023

 

LAM Consultancy Ltd

(Registration number: 14201527)
Balance Sheet as at 30 June 2023

Note

2023
£

Current assets

 

Debtors

4

7,289

Cash at bank and in hand

 

73,322

 

80,611

Creditors: Amounts falling due within one year

5

(74,072)

Net assets

 

6,539

Capital and reserves

 

Called up share capital

6

10

Retained earnings

6,529

Shareholders' funds

 

6,539

For the financial period ending 30 June 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 accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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.

Approved and authorised by the Board on 15 November 2023 and signed on its behalf by:
 

.........................................
Ms Laura Ann Meneaud
Director

 

LAM Consultancy Ltd

Notes to the Unaudited Financial Statements for the Period from 28 June 2022 to 30 June 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales..

The address of its registered office is:
Unit 8 The Courtyard Goldsmith Way
Eliot Business Park
Nuneaton
Warwickshire
CV10 7RJ
United Kingdom

These financial statements were authorised for issue by the Board on 15 November 2023.

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 Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

LAM Consultancy Ltd

Notes to the Unaudited Financial Statements for the Period from 28 June 2022 to 30 June 2023

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks, other third parties and loans to related parties.

3

Staff numbers

The average number of persons employed by the company during the period, was 2.

4

Debtors

 

LAM Consultancy Ltd

Notes to the Unaudited Financial Statements for the Period from 28 June 2022 to 30 June 2023

2023
£

Accrued income

7,289

7,289

5

Creditors

Creditors: amounts falling due within one year

Note

2023
£

Due within one year

 

Taxation and social security

 

16,933

Other creditors

 

57,139

 

74,072

6

Share capital

Allotted, called up and fully paid shares

 

2023

 

No.

£

Ordinary shares of £1 each

1

1

Ordinary shares of £1 each

9

9

 

10

10

 

LAM Consultancy Ltd

Notes to the Unaudited Financial Statements for the Period from 28 June 2022 to 30 June 2023

7

Related party transactions

Transactions with directors

2023

At 28 June 2022
£

Advances to director
£

Repayments by director
£

At 30 June 2023
£

Transactions with directors

-

13,259

(61,036)

(47,777)