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Company Registration No. SC365810 (Scotland)
Lothian Publications Limited Unaudited accounts for the year ended 31 March 2023
Lothian Publications Limited Unaudited accounts Contents
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Lothian Publications Limited Company Information for the year ended 31 March 2023
Director
Helen-Jane Gisbourne
Company Number
SC365810 (Scotland)
Registered Office
Geddes House Kirkton North Road Livingston West Lothian EH54 6GU Scotland
Accountants
Armet Accounting Ltd Room 31 Haypark Business Centre Polmont FK2 0NZ
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Lothian Publications Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
148 
307 
Current assets
Debtors
13,030 
2,983 
Cash at bank and in hand
41,226 
44,485 
54,256 
47,468 
Creditors: amounts falling due within one year
(40,864)
(31,366)
Net current assets
13,392 
16,102 
Total assets less current liabilities
13,540 
16,409 
Provisions for liabilities
Deferred tax
(28)
(58)
Net assets
13,512 
16,351 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
13,511 
16,350 
Shareholders' funds
13,512 
16,351 
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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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 and authorised for issue on 15 November 2023 and were signed on its behalf by
Helen-Jane Gisbourne Director Company Registration No. SC365810
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Lothian Publications Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Lothian Publications Limited is a private company, limited by shares, registered in Scotland, registration number SC365810. The registered office is Geddes House, Kirkton North Road, Livingston, West Lothian, EH54 6GU, Scotland.
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.
Frequency of reporting
The end of the previous reporting period was changed from 30 September 2018 to 31 March 2019. The comparative amounts presented in the financial statements (including the related notes) are not entirely comparable due to the differing lengths of reporting periods.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
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
20%
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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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Lothian Publications Limited Notes to the Accounts for the year ended 31 March 2023
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 April 2022
5,148 
At 31 March 2023
5,148 
Depreciation
At 1 April 2022
4,841 
Charge for the year
159 
At 31 March 2023
5,000 
Net book value
At 31 March 2023
148 
At 31 March 2022
307 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
12,721 
2,649 
Accrued income and prepayments
309 
334 
13,030 
2,983 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
14,697 
5,994 
Trade creditors
18,180 
8,575 
Taxes and social security
6,720 
9,669 
Other creditors
920 
666 
Loans from directors
347 
5,430 
Accruals
- 
1,032 
40,864 
31,366 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
8
Transactions with related parties
Dividends of £32,000 (2021: £2,000) were paid during the period.
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Lothian Publications Limited Notes to the Accounts for the year ended 31 March 2023
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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