L & G Consultancy Services Limited
Registered number: 08268704
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Current assets
Stocks 95,746 113,446
Debtors 3 124,000 124,000
Cash at bank and in hand 3,796 246
223,542 237,692
Creditors: amounts falling due within one year 4 (9,751) (6,148)
Net current assets 213,791 231,544
Total assets less current liabilities 213,791 231,544
Creditors: amounts falling due after more than one year 5 (84,986) (123,953)
Net assets 128,805 107,591
Capital and reserves
Called up share capital 100 100
Profit and loss account 128,705 107,491
Shareholders' funds 128,805 107,591
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Srinivasa Rao Anne
Director
Approved by the board on 21 December 2023
L & G Consultancy Services Limited
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Debtors 2023 2022
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 124,000 124,000
4 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors - 1
Corporation tax 4,976 2,810
Other taxes and social security costs 3,894 1,300
Director loan 881 2,037
9,751 6,148
5 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 84,986 123,953
6 Other information
L & G Consultancy Services Limited is a private company limited by shares and incorporated in England. Its registered office is:
Vyse Terrace, Branston Court
Branston Street
Birmingham
West Midlands
B18 6BA
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